[MicroGravity]

I’m up in the LA foothills and I’ve seen several sketchy deals.
–One house was listed as a probate, with court confirmation required. We wanted to offer less tham 90% on the house, but were told the probate court would only take offers down to 90% and above.
Two weeks later, the property was sold to the listing agent’s client for about 80% of the list–and suddenly no court confirmation was required.

–A Coworker tried to buy a soon-to-be foreclosed home out in the desert. The listing agent (they were trying to sell the house before foreclosure) did not accept the offer, the home was foreclosed, but the listing agent agreed to “help” with the auction. My coworker offered $150k, but the house was auctioned for $110k–strange. Two days later the realtor offers to sell my coworker the property for $130k. Turns our his business had the winning bid (which was lower), and offered to split the savings with my coworker!

–A current REO has been sitting on the market for 64 days. I’ve called the listing agent and her office several times over the past three weeks–no reply. My realtor–ditto. I am waiting to see if she picks the place up for a song–I would not be surprised.

I’m sure each of these could have a purely legitimate explanation, but I’ve learned not to have THAT much faith in humanity or realtors ;^p

[MicroGravity]

I’m up in the LA foothills and I’ve seen several sketchy deals.
–One house was listed as a probate, with court confirmation required. We wanted to offer less tham 90% on the house, but were told the probate court would only take offers down to 90% and above.
Two weeks later, the property was sold to the listing agent’s client for about 80% of the list–and suddenly no court confirmation was required.

–A Coworker tried to buy a soon-to-be foreclosed home out in the desert. The listing agent (they were trying to sell the house before foreclosure) did not accept the offer, the home was foreclosed, but the listing agent agreed to “help” with the auction. My coworker offered $150k, but the house was auctioned for $110k–strange. Two days later the realtor offers to sell my coworker the property for $130k. Turns our his business had the winning bid (which was lower), and offered to split the savings with my coworker!

–A current REO has been sitting on the market for 64 days. I’ve called the listing agent and her office several times over the past three weeks–no reply. My realtor–ditto. I am waiting to see if she picks the place up for a song–I would not be surprised.

I’m sure each of these could have a purely legitimate explanation, but I’ve learned not to have THAT much faith in humanity or realtors ;^p

[MicroGravity]

I’m up in the LA foothills and I’ve seen several sketchy deals.
–One house was listed as a probate, with court confirmation required. We wanted to offer less tham 90% on the house, but were told the probate court would only take offers down to 90% and above.
Two weeks later, the property was sold to the listing agent’s client for about 80% of the list–and suddenly no court confirmation was required.

–A Coworker tried to buy a soon-to-be foreclosed home out in the desert. The listing agent (they were trying to sell the house before foreclosure) did not accept the offer, the home was foreclosed, but the listing agent agreed to “help” with the auction. My coworker offered $150k, but the house was auctioned for $110k–strange. Two days later the realtor offers to sell my coworker the property for $130k. Turns our his business had the winning bid (which was lower), and offered to split the savings with my coworker!

–A current REO has been sitting on the market for 64 days. I’ve called the listing agent and her office several times over the past three weeks–no reply. My realtor–ditto. I am waiting to see if she picks the place up for a song–I would not be surprised.

I’m sure each of these could have a purely legitimate explanation, but I’ve learned not to have THAT much faith in humanity or realtors ;^p

[MicroGravity]

I’m up in the LA foothills and I’ve seen several sketchy deals.
–One house was listed as a probate, with court confirmation required. We wanted to offer less tham 90% on the house, but were told the probate court would only take offers down to 90% and above.
Two weeks later, the property was sold to the listing agent’s client for about 80% of the list–and suddenly no court confirmation was required.

–A Coworker tried to buy a soon-to-be foreclosed home out in the desert. The listing agent (they were trying to sell the house before foreclosure) did not accept the offer, the home was foreclosed, but the listing agent agreed to “help” with the auction. My coworker offered $150k, but the house was auctioned for $110k–strange. Two days later the realtor offers to sell my coworker the property for $130k. Turns our his business had the winning bid (which was lower), and offered to split the savings with my coworker!

–A current REO has been sitting on the market for 64 days. I’ve called the listing agent and her office several times over the past three weeks–no reply. My realtor–ditto. I am waiting to see if she picks the place up for a song–I would not be surprised.

I’m sure each of these could have a purely legitimate explanation, but I’ve learned not to have THAT much faith in humanity or realtors ;^p

[MicroGravity]

I’m up in the LA foothills and I’ve seen several sketchy deals.
–One house was listed as a probate, with court confirmation required. We wanted to offer less tham 90% on the house, but were told the probate court would only take offers down to 90% and above.
Two weeks later, the property was sold to the listing agent’s client for about 80% of the list–and suddenly no court confirmation was required.

–A Coworker tried to buy a soon-to-be foreclosed home out in the desert. The listing agent (they were trying to sell the house before foreclosure) did not accept the offer, the home was foreclosed, but the listing agent agreed to “help” with the auction. My coworker offered $150k, but the house was auctioned for $110k–strange. Two days later the realtor offers to sell my coworker the property for $130k. Turns our his business had the winning bid (which was lower), and offered to split the savings with my coworker!

–A current REO has been sitting on the market for 64 days. I’ve called the listing agent and her office several times over the past three weeks–no reply. My realtor–ditto. I am waiting to see if she picks the place up for a song–I would not be surprised.

I’m sure each of these could have a purely legitimate explanation, but I’ve learned not to have THAT much faith in humanity or realtors ;^p

[MicroGravity]

I wouldn’t know if it was a conspiracy or not, but I do know that suicides skyrocketed after Black Monday (1987).
One of my relatives was a fund manager of a conservative fund, and lost half the funds value the week of Black Monday. Managers of more aggressive funds lost more, often more than the value of the fund.
On Wallstreet, it’s not just about the money, it’s about your status. You might think that a person worth $50M should be OK if they are still worth $20M, but the loss of status is often more painful for these guys.
BTW: My relative had since recovered (the money–not from a suicide attempt!) but recently lost their position this time around. It’s definitely worse this time around IMHO.

–MicroGravity

[MicroGravity]

I wouldn’t know if it was a conspiracy or not, but I do know that suicides skyrocketed after Black Monday (1987).
One of my relatives was a fund manager of a conservative fund, and lost half the funds value the week of Black Monday. Managers of more aggressive funds lost more, often more than the value of the fund.
On Wallstreet, it’s not just about the money, it’s about your status. You might think that a person worth $50M should be OK if they are still worth $20M, but the loss of status is often more painful for these guys.
BTW: My relative had since recovered (the money–not from a suicide attempt!) but recently lost their position this time around. It’s definitely worse this time around IMHO.

–MicroGravity

[MicroGravity]

I wouldn’t know if it was a conspiracy or not, but I do know that suicides skyrocketed after Black Monday (1987).
One of my relatives was a fund manager of a conservative fund, and lost half the funds value the week of Black Monday. Managers of more aggressive funds lost more, often more than the value of the fund.
On Wallstreet, it’s not just about the money, it’s about your status. You might think that a person worth $50M should be OK if they are still worth $20M, but the loss of status is often more painful for these guys.
BTW: My relative had since recovered (the money–not from a suicide attempt!) but recently lost their position this time around. It’s definitely worse this time around IMHO.

–MicroGravity

[MicroGravity]

I wouldn’t know if it was a conspiracy or not, but I do know that suicides skyrocketed after Black Monday (1987).
One of my relatives was a fund manager of a conservative fund, and lost half the funds value the week of Black Monday. Managers of more aggressive funds lost more, often more than the value of the fund.
On Wallstreet, it’s not just about the money, it’s about your status. You might think that a person worth $50M should be OK if they are still worth $20M, but the loss of status is often more painful for these guys.
BTW: My relative had since recovered (the money–not from a suicide attempt!) but recently lost their position this time around. It’s definitely worse this time around IMHO.

–MicroGravity

[MicroGravity]

I wouldn’t know if it was a conspiracy or not, but I do know that suicides skyrocketed after Black Monday (1987).
One of my relatives was a fund manager of a conservative fund, and lost half the funds value the week of Black Monday. Managers of more aggressive funds lost more, often more than the value of the fund.
On Wallstreet, it’s not just about the money, it’s about your status. You might think that a person worth $50M should be OK if they are still worth $20M, but the loss of status is often more painful for these guys.
BTW: My relative had since recovered (the money–not from a suicide attempt!) but recently lost their position this time around. It’s definitely worse this time around IMHO.

–MicroGravity

[MicroGravity]

The Proposition method of governing in CA stinks. Very few people care enough to read the propositions carefully, and even fewer understand them. Never mind the long term consequences.
The spineless legislature refuses to make any hard decisions, and then various factions gin up a proposition. By the time it’s time to vote on the thing, it is often impossible to decipher what a Yes or No actually implies.
When (not if) the results are negative, the politician’s simply shrug their shoulders since it wasn’t their bill!

A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasure. A. Tyler

–MicroGravity

[MicroGravity]

The Proposition method of governing in CA stinks. Very few people care enough to read the propositions carefully, and even fewer understand them. Never mind the long term consequences.
The spineless legislature refuses to make any hard decisions, and then various factions gin up a proposition. By the time it’s time to vote on the thing, it is often impossible to decipher what a Yes or No actually implies.
When (not if) the results are negative, the politician’s simply shrug their shoulders since it wasn’t their bill!

A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasure. A. Tyler

–MicroGravity

[MicroGravity]

The Proposition method of governing in CA stinks. Very few people care enough to read the propositions carefully, and even fewer understand them. Never mind the long term consequences.
The spineless legislature refuses to make any hard decisions, and then various factions gin up a proposition. By the time it’s time to vote on the thing, it is often impossible to decipher what a Yes or No actually implies.
When (not if) the results are negative, the politician’s simply shrug their shoulders since it wasn’t their bill!

A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasure. A. Tyler

–MicroGravity

[MicroGravity]

The Proposition method of governing in CA stinks. Very few people care enough to read the propositions carefully, and even fewer understand them. Never mind the long term consequences.
The spineless legislature refuses to make any hard decisions, and then various factions gin up a proposition. By the time it’s time to vote on the thing, it is often impossible to decipher what a Yes or No actually implies.
When (not if) the results are negative, the politician’s simply shrug their shoulders since it wasn’t their bill!

A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasure. A. Tyler

–MicroGravity

[MicroGravity]

The Proposition method of governing in CA stinks. Very few people care enough to read the propositions carefully, and even fewer understand them. Never mind the long term consequences.
The spineless legislature refuses to make any hard decisions, and then various factions gin up a proposition. By the time it’s time to vote on the thing, it is often impossible to decipher what a Yes or No actually implies.
When (not if) the results are negative, the politician’s simply shrug their shoulders since it wasn’t their bill!

A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasure. A. Tyler

–MicroGravity

[Author]

Posts