Tag Archives: Realtor

What’ll The Tipping Point Be?

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Yes, once again here’s the old bloviator talking about an impending crash in the housing market.

Economists have been predicting a mortgage and financial collapse many times greater than the nightmare of 2008-2009. The indicators are there. The national budget is raging out of control. Interest rates are far too low to sustain the banking industry. Investors are losing their shirts betting on the U.S. economy. China now owns a huge percentage of America’s debt. Mortgage companies at some point will have to massively raise the requirements on all new mortgages. If this happens the value of homes, starting with all those in Homeowners Associations, will crash.

In a recent blog I mentioned that this whole cascade of events will start with a minor story, a pebble being dislodged from an already unsteady dam.

The story linked below is more than a loose pebble. And it should be read and absorbed by absolutely every person with even a minor link to the Homeowners Association industry.

(Las Vegas running out of water)

 

1001 Reasons Not To Buy

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My Dear Friends, I’ve told you over and over that the absolute worst home investment you can make is in a Homeowners Association. Your Realtor buddy looks you warmly in the eye, puts his hand on your shoulder and says, “You know, of course, that HOAs were created to protect your investment?”

If you’ve read my book or follow this blog then you know what the truth is. HOAs were created to keep out Negroes, Orientals and Jews. The documentation goes back fifty years! In later years, HOA rules were used to keep out Hispanics, single moms, children with Down’s Syndrome and a fistful of other ‘unwashed and unwanted.’

The link below shows you another reason you’re legally and financially naked. Once again a rich investor is intentionally forcing a housing project into bankruptcy so he can scoop up the dregs and make a fortune all over again. This kind of scam is going on all over the country, wherever people were unwise enough to buy private government housing.

(link to case in Osceola County)

(link to another case in Clearwater)

If you think it can’t happen to you, you’re fooling yourself. In 2006 the U.S. Supreme Court made the seizure of private homes for private development completely legal. The landmark Kelo Case turned the U.S. Constitution on its head.

Добро пожаловать в России товарищ Komrade!

 

 

 

Real Tragedy Developing in the Las Vegas HOA Scandal

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In four decades of investigative reporting, what always burned my butt was the sweet sentences given to white collar criminals by Federal Judges. A little personal confession here, one I probably shouldn’t make, but once I became good friends with a major white collar criminal who should have been sentenced to ten years, not ten months! I like this guy. I like him a lot. I consider him a great friend. But he’s an admitted crook who’s made that same confession on national TV. And he knows he skated with only a fraction of the prison sentence he really deserved. He took great delight in talking about how easy his sentence was. He considered it a vacation, a temporary escape from a difficult domestic situation and had the benefit of an admiring Federal prison warden who occasionally took him to town on weekends to meet women! In fact, he says he got more straight sex as a federal prison inmate than he did as an outsider.

Cut to the current Federal Organized Crime Syndicate in Las Vegas which has raped and pillaged Homeowners Associations up and down the valley. 39 suspects, four of them dead in highly suspicious ‘suicides’.  And the federal judge in the case is beginning to hand out what the crooks all call “pussy” jail sentences for their involvement in this hundred million dollar scam. The first prison sentences look like they’ll be about a year in federal prison. Easy duty. Over before you know it. And if you’re a good crook and keep your mouth shut about your confederates there’ll be a few handfuls of big bills to get your new life started on the other side.

This Organized Crime syndicate stole a hundred million dollars from Las Vegas homeowners. As a homeowner, all you have to do is look at the current value of your home to know how much money they stole. But even today, the powers that be who won’t be named are two of the most prominent political names, men who made millions and millions of dollars for ‘ignoring’ or even participating in this vicious scam.

Folks, just believe this crusty, hardened, wizened 40-year investigative reporter: some very big people are being overlooked in the Las Vegas RICO investigation. The Feebies (FBI) are intentionally hiding their eyes. There are at least two names who, if indicted, would be huge.

One or two of these names could actually change the political balance of an entire country!

(link to latest from las vegas review journal)

 

 

No More Flag Stories?

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I may actually have to quit doing stories on HOAs that fine and foreclose on veterans who try to display the America flag on their homes. There are just too many of them. Despite my earlier promise to report on all these outrageous cases, I’d just end up doing several such stories a day and not much else.

So, I hereby reluctantly admit that the anti-American, anti-homeowner movement, CAI, Associa, American Bar Association, ACLU are too firmly rooted in our society to ever win back our right to display the flag on our homes. We might still be able to put flag decals on car bumpers, but that, too, is under attack.

Greed is a powerful taskmaster. When a lawyer knows he can automatically make a few thousand bucks every time he sues a flag-waving veteran like Larry McMurphree, when a morally corrupt HOA board knows it can put a few hundred extra bucks in the neighborhood kitty by fining any homeowner who even thinks displaying a flag is patriotic, then I guess that portion of our battle is lost.

The really weird thing is that if you displayed a Nazi Flag or the Rainbow Flag, or any of the flags representing the Islamic Revolution, you actually might have a stronger case in court.

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The courts have long recognized that certain people groups have protected status under our Constitution and cannot be allowed to suffer the indignities sometimes shown to people of other belief systems. They’ll get free representation in court. The owner of a Stars and Stripes flag never will.

Stranger still, it’s absolutely OK to desecrate the flag, trample on it, burn it, those are all protected forms of speech according to the U.S. Supreme Court.

It hurts to say all this. It really does.

(Tampa CBS story on veteran being sued by his HOA)

(Elisabeth Hasselback talks about flag story) 

(good news for flag-flying veteran)

 

 

 

 

 

 

Rootin’ Tootin’ Bootin’ At Ridge Creek Condos

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guest blog by Nila Ridings

Boy, Oh Boy! Is Heritage Property Management and Ridge Creek Condos in Clarkston, Georgia trying for the Georgia State Stupidity Award???

Kayla Holland is a condo renter. Her car got booted because her landlord didn’t pay  the HOA dues. She out-smarted them, she had the tires, boot and all removed! An unidentified owner has his dues debited from his bank account but he got the boot, too.

But we sent them a letter, says the goofball property manager! Did the letter say we have no right to do this but we are? Did it say we are going to hold your personal vehicle hostage and act like the “repo man” even though this debt has nothing to do with your car? Even though our CC&Rs don’t list your car as part of the contract you signed when you bought into this lousy loser of a condo complex, we are using every method we can dream up to collect our dues? Does it say our next step to collect will be kidnapping your children? What does that letter and their CC&Rs say? I want to read them!

What happens if an owner or renter gets called out? Let’s say it’s a doctor or a surgical nurse… and they race to their car and find it’s booted? And some innocent accident victim dies because they can’t get to the hospital. Or, they damage a tire or rim with that boot and the driver has an accident at 75 MPH and it’s determined to be caused by damage to the tire. Or, some guy gets a six pack and a few shots of tequila under his belt and decides to wait in his car for the “boot man” to arrive… and he has a loaded pistol. What, then, Heritage Property Management and Ridge Creek Condo Board of Directors? What then?

Here’s “what then!” All the condo owners are going to be liable for a multi-million dollar settlement from a nice, big nasty lawsuit. All over a boot that should never have been placed on the vehicle in the first place!

Good Gawd! Where does it stop? HOAs can take your home, wipe out your bank account, destroy your health, and now they think they can lock up your car!!!

A special THANK YOU to Amy Napier Viteri for reporting this story!

(link to WSBTV news story on booted cars)