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APOCALYPSEFUCKisShostikovitch's comments

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APOCALYPSEFUCKisShostikovitch   2010 Aug 20, 5:46am   ↑ like (1)   ↑ dislike (1)     quote        

The best way is to see if Marin has placed its Registry of Deeds online. Most have. It's better than the stupid commercial listings which are run by scumballs who would make Realtors appear to be human beings. Go direct to the Registry and search Lis Pedens - that's the initial complaint that has to be filed before the foreclosure. Follow trends and see what lenders are taking a beating and see if you can find the REO manager. Most will tell you to screw and deal with the Realtor Reptiles. If you have cash or a real pre-approval based on a solid downpayment that more than likely will be honored when buying time comes, you may get a channel to a human being who can help you out. All these sleazy slimy foreclosure websites are just scams to induct you into other scams. Go direct and be the beaver that knows what is going down the minute it hits the book at the Registry of Deeds.

APOCALYPSEFUCKisShostikovitch   2010 Aug 20, 10:26am   ↑ like (0)   ↑ dislike (0)     quote        

Bottom line: DEAD MEAT. Anyone buying a house in the next 20 years is committing suicide.

APOCALYPSEFUCKisShostikovitch   2010 Aug 24, 5:13am   ↑ like (0)   ↑ dislike (0)     quote        

As I say - dead meat. Only a matter of time. Housing prices everywhere will fall to 70s levels, the last time they were rationally priced. You might as well burn your money as buy a house.

APOCALYPSEFUCKisShostikovitch   2010 Aug 26, 10:48pm   ↑ like (0)   ↑ dislike (0)     quote        

The drunk/bar analogy is completely beside the point. The artisans that managed the market space - from the appraisers all the way out to the securities firms that sold the CDOs were stuffing the pipe full of garbage paper based on inflated valuations and they knew it. Anyone who lived through the 1980s in the mortgage origination industry knew what was happening in the naughts: The S&L apocalypse had been globalized through the facile securitization of worthless mortgages. The canard that the mess was caused by Democrats ordering industry to write worthless notes for islamofascist terrorists and undocumented aliens is just that. Nothing in any legislation anywhere ever required any part of the industry to disregard 100 years of underwriting experience and convention. The easy-term innovations in lending were actually used AGAINST the consumers. The FBI found in its own examination of mortgage loans by abusive lenders that some 28 percent of subprime notes were written for consumers who qualified for prime mortgages but were steered to the higher-interest-rate instrument by brokers and originators chasing higher commissions for themselves. The industry loved easy-terms innovations because it could use the precipitate instruments to terrorize and rape its own customers. Everyone in the industry was barking in customers' faces: if you don't buy now, you may never ever be able to buy a house within 1000 miles of a city in your lifetime; more than likely you and your children will be priced out of the market and end up freezing to a sidewalk and being eaten by coyotes; have a nice day. . . The sooner that underwriting quality is taken as seriously as sterile procedure in the operating room, the sooner the market will get normal. Likely, however, given how corrupt the culture has become, it won't correct and houses will be things bought and sold in kitchens again with amortization tables written on yellow pads of paper and signed by buys and sellers.

APOCALYPSEFUCKisShostikovitch   2010 Aug 27, 2:41pm   ↑ like (0)   ↑ dislike (0)     quote        

Gold? Hahhahahahahahaha!

WORTHLESS!

APOCALYPSEFUCKisShostikovitch   2010 Sep 7, 1:18pm   ↑ like (0)   ↑ dislike (0)     quote        

Hoard cash. Live in your car if you have to. Be ready for the housing prices we were used to in the 1970s to return - because those are the kinds of wages households are bringing in now.

And plant potatoes.

APOCALYPSEFUCKisShostikovitch   2010 Sep 8, 8:42am   ↑ like (0)   ↑ dislike (0)     quote        

When despair sets in, people will just start burning their properties and selling them to the insurance companies. An explosion of arson is about to sweep America, part from despair and desperation and part from insensate rage at a banking and financial system designed to enslave Americans. Hahahahahahahahaha! Let the burning begin! Hahahahahahahahahaha!

APOCALYPSEFUCKisShostikovitch   2010 Sep 8, 8:56am   ↑ like (0)   ↑ dislike (0)     quote        

Commies!

Commies must DIE!

APOCALYPSEFUCKisShostikovitch   2010 Sep 8, 9:06am   ↑ like (1)   ↑ dislike (1)     quote        

The law? They learned all about that from the originators who introduced them to liars' loans. Hahahahahahahaha!

APOCALYPSEFUCKisShostikovitch   2010 Sep 8, 9:08am   ↑ like (0)   ↑ dislike (0)     quote        

Sure it does when you take the settlement and walk away from the note and the property.

APOCALYPSEFUCKisShostikovitch   2010 Sep 8, 9:19am   ↑ like (0)   ↑ dislike (0)     quote        

I know. Depends on the principle left on the note and the insurance coverage and insurer's determination. It could work out to money in the pocket of an underwater investor who faces 1) certain foreclosure or 2) no chance of flipping in his lifetime. Banks might like it, too, if they get their notes paid.

APOCALYPSEFUCKisShostikovitch   2010 Sep 8, 11:02am   ↑ like (0)   ↑ dislike (0)     quote        

Oh, hey, no chance of me ever torching a house. Historically, downturns in real estate prices provoke both vandal arson as foreclosed properties stand empty and get taken over by crazy people, hookers and drug addicts and by financial opportunists in a position (or think they are in one) to profit from the destruction of an insured property. Desperate, despairing people - like most of America now - will do insane things. We must be prepared for the wholesale burning of large swaths of underwater properties.

APOCALYPSEFUCKisShostikovitch   2010 Sep 9, 12:20am   ↑ like (0)   ↑ dislike (0)     quote        

Kevin,

The style I am most familiar with is 4-8 gallons of kerosene poured down the main stairway. Usually takes the roof off. This was the approach by the guys trying to help people out of the early 1970s downturn in one eastern city with which I am familiar. There's lots of reports of despairing foreclosure victims torching their buildings starting in around 2008. Maybe in the end that will be the largest motivator - rank despair. Tens of millions who've not worked a real job for most of decade, never had health insurance, turned to dealing in real estate to get rich fast and retire to Uruguay in the style of a robber baron, now freezing to death in the last house they couldn't flip, the foreclosure notices plastered all over the front and back doors and the phone, gas and electric cut, abandoned houses all around, food something that is stolen from a neighbor's garbage. . .

APOCALYPSEFUCKisShostikovitch   2010 Sep 9, 3:27am   ↑ like (0)   ↑ dislike (0)     quote        

We've not even achieved half of terminal velocity. When the crash really hits, the underwater will envy the foreclosed and the foreclosed will envy the dead. Plant potatoes, stay near stable sources of water, arm yourselves and clear trees near your home that could sniper vantage points or burning fuel during an extended siege. (Large scale layoffs of cops means in a couple of years or less, there will be hungry bands of armed grunts who are used to taking what they want without question. Your house, food and wives may be on their wish list sooner than you think.) This is beyond the entitlement that housing prices will rise at 20% per year forever. Maybe beyond the states' ability to survive, given that the next congress will be GOP and their solution will be to eliminate taxes, start two new wars, finish off exporting the last American job to slaves states like China and shriek that jesus wants to see illegal aliens and gays facing firing squads. Once unemployment hits 50%, and the damned and the starving are told to pray to jesus for an economic recovery, we'll be well on our way to full-bore cannibal anarchy.

APOCALYPSEFUCKisShostikovitch   2010 Sep 9, 3:41am   ↑ like (1)   ↑ dislike (1)     quote        

No but that knowledge comes from inspecting the aftermath and practical theory about things like burn rates of different kinds of wood.

Actually, in the arson cases I've followed state fire marshals have been involved and, in one string of arsons, a city wiring inspector who wrote up the bogus reports of wiring faults for the insurance claims and fire reports.

Firemen at least have real incomes with real benefits and real (defined benefit) pensions, probably the last people in the states who can, as a group, claim all three at once. The damned and despairing and disenfranchised will probably do the most damage in this generation.

>>>Are you a firefighter by any chance? They always know the best way to burn down a house.

APOCALYPSEFUCKisShostikovitch   2010 Sep 9, 4:25am   ↑ like (1)   ↑ dislike (1)     quote        

Gosh, I had no idea Zombies were involved in real estate speculation. Why is the Fed not considering the Zombie angle?

APOCALYPSEFUCKisShostikovitch   2010 Sep 10, 2:28pm   ↑ like (0)   ↑ dislike (0)     quote        

TG has the plan. Another angle is the collusion of the broker. In the 1970s cases I am familiar with the broker came in and worked with the arsonist to over-insure the buildings and work with building inspectors to get the kind of determination they needed to get the owner paid off.

APOCALYPSEFUCKisShostikovitch   2010 Sep 13, 10:40am   ↑ like (0)   ↑ dislike (0)     quote        

The corporations want houses to be $5,000,000+ and wages to be $50K with 100 year mortgages so that every dime goes into housing and, for the rest, you can buy on credit cards at 55% interest. Yeah, the FREEDOM of AMERICA! Yeah, to live working 10-20 hour days to live indoors. Hahahahahahahahaha! You don't like it? The job can be shipped to China where the PRC keeps guns to the heads of everyone who dares think about a better life. You are toast baby! Put on the shackles and beg to lick the smegma off the man's gonads every day - or take to the hills and live like the hunter gatherers we descended from. Ha! Hahaha! Hahahahahahahahahahaha!

APOCALYPSEFUCKisShostikovitch   2010 Sep 13, 10:46am   ↑ like (1)   ↑ dislike (1)     quote        

The TARP debacle only proves the primacy of FREEDOM! FREEDOM! The bankers were FREE to take control of an advanced economy and loot it for trillions! Everyone in America is FREE to do the same thing and retire to dynastic wealth!

Unless every American is FREE to take control of an advanced economy and loot it into permanent bankruptcy then FREEdom has no meaning!

Hahahahahahahahaha! Let FREEdom ring! Hahahahahahahahaha!

APOCALYPSEFUCKisShostikovitch   2010 Sep 13, 11:06am   ↑ like (1)   ↑ dislike (1)     quote        

Banks should foreclose on everything now, within the next 72 hours that is more than a month in arrears. They should hold RTC-style auctions. Then go back to a sane mortgage scheme. Down payment is 25% minimum. Interest is prime+. Fraud on a note by any party is a capital offense. Firing squad. Close range. Gatlin guns. Any underwriting irregularities at all a hard-time to life offense, 10-20 years minimum.

Then valuations will return to something close to normal.

APOCALYPSEFUCKisShostikovitch   2010 Sep 14, 2:39am   ↑ like (1)   ↑ dislike (1)     quote        

WE ARE NOT YET EVEN HALFWAY

to

Terminal Velocity

of

Catastrophic Freefall

The crash that is yet to arrive will leave global economies in flames for two to three generations.

We'll be lucky if we aren't eating our dead before this is over.

APOCALYPSEFUCKisShostikovitch   2010 Sep 15, 12:40am   ↑ like (1)   ↑ dislike (1)     quote        

We have not yet reached

HALF of

Terminal Velocity.

The end will be grim, cataclysmic and enduring. Your grandchildren will know how to hunt with their bare hands, however.

APOCALYPSEFUCKisShostikovitch   2010 Sep 16, 11:14am   ↑ like (0)   ↑ dislike (0)     quote        

If you can't cut a check for the house you want and not feel it, don't buy it.

Anyone buying a house for the next 20-60 years might as well put a gun to their head.

The last three years has been in ice cream treat compared to the generation's long horror that awaits us all.

Think basics. Water. Food supply. Household defense.

APOCALYPSEFUCKisShostikovitch   2010 Sep 17, 3:02am   ↑ like (0)   ↑ dislike (0)     quote        

Really. Sit down with some modular home catalogs. The selection is shockingly good these days. A friend had the money to scratch build and ended up just checking out some modular stuff on a lark. He really liked a design that fit his land. It just clicked. He visited the manufacture in Quebec and found the quality very high and the price a substantial discount on scratch build. It's there now. He acted as prime contractor and had the basement and foundation dug, laid and hydrostat'ed. Took the manufacturers plans and worked with tradesmen on electric, gas and water service. Only complaint is that the house is too tight. Someone opens the back door and your ears pop in the bedroom.

APOCALYPSEFUCKisShostikovitch   2010 Sep 18, 4:22am   ↑ like (0)   ↑ dislike (0)     quote        

If someone is selling something they're lying.

The only RE agent worth paying attention to is one that's committed suicide.

When the number of RE agent suicides is running into the dozens in the same area code, you might consider buying, if you want or need a house.

Otherwise steer clear.

APOCALYPSEFUCKisShostikovitch   2010 Sep 18, 6:02am   ↑ like (0)   ↑ dislike (0)     quote        

The lesson is work two jobs, move into your car, slap a medallion on it and drive cab at night until you can buy a house cash, without banksters involved. And the cash price should be marginal to your overall savings. That is the conservative values way. Wait until the last Realtor is locked up or suicided. Then buy cash. If you think it safe to buy.

APOCALYPSEFUCKisShostikovitch   2010 Sep 18, 1:17pm   ↑ like (0)   ↑ dislike (0)     quote        

The nice guys get family and work referrals and can stay in the business during downturns. They are rare but can be found with a few phone calls.

Most, however, would rip your wife's kidneys out and sell them to you and try to get a fee from her at the same time.

APOCALYPSEFUCKisShostikovitch   2010 Sep 19, 2:43am   ↑ like (1)   ↑ dislike (1)     quote        

When Realtors are not teaching people how to lie on mortgage applications they are wandering around supermarkets to snatch babies from shopping carts of distracted moms and eat them.

APOCALYPSEFUCKisShostikovitch   2010 Sep 19, 2:51am   ↑ like (0)   ↑ dislike (0)     quote        

How is a Realtor like a neutron bomb?

It murders people but the house is left standing.

APOCALYPSEFUCKisShostikovitch   2010 Sep 19, 3:05am   ↑ like (0)   ↑ dislike (0)     quote        

Nope. We're paid off. Been for a long while. The couple I've met decades ago should have been chopped to bits and thrown into the sea. Never had an angry moment in my life.

Nomograph says

APOCALYPSEFUCK says

How is a Realtor like a neutron bomb?
It murders people but the house is left standing.

It sounds to me like you got taken in by an RE agent during the bubble. Angry much?

APOCALYPSEFUCKisShostikovitch   2010 Sep 19, 3:09am   ↑ like (0)   ↑ dislike (0)     quote        

Yes, and the repeal of certain equities laws late in the Clinton administration allowed for collatoralization and hedging on securitized instruments that allowed for rapid expansion of the mortgage origination pipe. The Realtors just pushed hard to get their marks into the pipeline ASAP 24/7. Now that the securitization scheme is closed down by market forces, the doomsday machine has been slowed but not turned off. These elements have to be specifically put back into place. They worked reasonably well between 1907 and 1999. We saw the result of their removal.

Nomograph says

justme says

Realtors were and are ground zero of the housing bubble and the great recession.

Incorrect.
Bankers, the repeal of Glass-Stegal, and the ability to profit from lending and then sell the risk as mortgage-backed securities were the key drivers. Unregulated free markets always self-destruct.
If RE agents caused the bubble, then it would have happened years and years ago.
Don’t let hatred and emotion prevent you from seeing the actual facts.

APOCALYPSEFUCKisShostikovitch   2010 Sep 19, 3:12am   ↑ like (1)   ↑ dislike (1)     quote        

Nice to see you make all your decisions on complete information. I've been following financial crime for nearly 30 years for reasons that can't be discussed in public - and a lot of what is discussed here is really about the crimes that became culturally accepted. A lot of the news clips are relevant.

Nomograph says

APOCALYPSEFUCK says

Never had an angry moment in my life.

You’re certainly not the most honest fellow.
If you bought decades ago and everything is paid off, you wouldn’t be here. This website wouldn’t even be on the radar screen.

APOCALYPSEFUCKisShostikovitch   2010 Sep 21, 8:32am   ↑ like (1)   ↑ dislike (1)     quote        

But professionally speaking the responsibility to preserve underwriting quality resides with the originators and brokers - and the finance houses that underwrote the securities. They have an established duty of care that the home buyers do not. Politically speaking industry made it easy for originators and brokers to cut corners by lobbying the Congress to roll back regulations that opened up this vast, completely wild-west securitization pipe so that Wall Street could play virtual Wall Street wholesale lender without the risks. You are 100% right, but the professionals who had specialized knowledge, experience and privileged view of the market space, and a concomitant responsibility to preserve its integrity, just abandoned their posts. There were a number of exceptions but far too few to make any real difference.

EBGuy says

Or as I like to say, EVERYONE in the securitization stream is culpable, from the home buyer all the way through to the buyer the MBS. Any one player could have pulled the plug — but no one did.

APOCALYPSEFUCKisShostikovitch   2010 Sep 28, 10:00am   ↑ like (0)   ↑ dislike (0)     quote        

We are not even half way to

TERMINAL VELOCITY!

Brace for 1970s housing prices and catastrophic waves of arson and homeowner suicides as howling despair sets in and buyers realize they can't flip for 2x in 12 months and the last-suckers-left-holding-the-bag sit watching the bank seizure crews kicking down the front door and raping their spouses and pets.

It's gonna get really deeply truly apocalyptic out there with commercial RE crashing; ALT-A resets kicking in; Section 8 program reductions due to budget reductions (speculators should at least be able to eat their S8 tenants) and continuing meltdown of an economy that has no jobs left that it can't or hasn't already shipped to China.

Plant potatoes. Teach kids and spouse to shoot, at close range and without remorse and full in the knowledge that cannibal anarchy means choosing who gets to be dinner - them or the starving psychopath climbing in through the kitchen window.

APOCALYPSEFUCKisShostikovitch   2010 Sep 28, 11:52am   ↑ like (0)   ↑ dislike (0)     quote        

Yeah? OK. I guess so.

thomas.wong1986 says

NA! Chill awhile! There was a world before the bubble.

APOCALYPSEFUCKisShostikovitch   2010 Sep 29, 4:06am   ↑ like (0)   ↑ dislike (0)     quote        

Look. Look at that graph. It spells APOCALYPSE.

Plant potatoes.

APOCALYPSEFUCKisShostikovitch   2010 Oct 2, 2:53pm   ↑ like (0)   ↑ dislike (0)     quote        

It is clear.

The time for the end of this experiment in stalinism to end is long past.

Cut taxes to zero.

Dismiss all government workers.

Plant potatoes.

APOCALYPSEFUCKisShostikovitch   2010 Oct 30, 3:42pm   ↑ like (0)   ↑ dislike (0)     quote        

Save your money. Squat for two years and cook crystal meth in the basement and get your wife driving cab at least one shift a day in addition to your full-time jobs. When you get 500K saved, buy a real house and move out. These are apocalyptic times and your choices are be raped by a psychopathic landlord and abused by a bankrupt, criminal bank or cut your own way with your only friend, cash.

APOCALYPSEFUCKisShostikovitch   2010 Oct 30, 3:46pm   ↑ like (0)   ↑ dislike (0)     quote        

Cheney made money on it.

That's what matters.

You're free to get control of your own advanced democracy and manipulate it for personal profit.

And freedom is what America is all about.

APOCALYPSEFUCKisShostikovitch   2010 Oct 30, 10:36pm   ↑ like (0)   ↑ dislike (0)     quote        

We're not even halfway to terminal velocity.

Prepare for housing prices not seen since 1977.

Then total economic collapse.

Housing speculators will be burning their empty buildings, even with Section 8 tenants in them, to uncover earth they can use to plant potatoes.

The entire country has been deindustrialized and the high-paying craft work jobs are all in slave states like China. All of the displaced workers ended up in part time jobs at WalMart, on the streets, dead or in one way or another speculating in real estate. No one in their right mind will buy a building as an investment in the next three generations if civil societies don't crumble and if the US doesn't devolve into a feudal dystopia of disconnected warlord states.

The best we can hope for is a long-term economic collapse. The worst is collapse, followed by civil war and the rise of theocratic warlord states, led by Jesufascist end-timers.

Plant potatoes and teach wife and kids how to handle light and heavy ordnance.

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