Only in America... from unknown blog a month ago, to HP's initial exposure, to USA Today cover story, to meeting the king of get-rich-quick.
And we all know how this so American of American stories ends right?
Fame. Jail. Bankruptcy. Congressional hearings. A book deal. Redemption. Riches. Like a bad "Behind the Music" episode, housing-bubble-style.
America. What a country.
I'm pulling for the kid. What a ride it's been. What a ride it will be. And what a mess.
November 01, 2006
As predicted, Iamfacingforeclosure.com kid Casey Serin meets his guru, Robert Kiyosaki
Subscribe to:
Post Comments (Atom)
12 comments:
Let the two of them hang out together. Big publicity stunt, nothing for the rest of the world to see.
"If RK can turn this kid around, I must buy his books (and attend his seminars, and buy his board games...)!"
The more I think about it, the more it sounds like a scam from the start.
I love how people on the bottom rung of a pyramid scheme act like it's an honor to meet the person at the top of the pyramid who used them.
A slave looking upon his master as his god-like hero. Very ancient Egyptian, that picture is.
The more things change, the more they stay the same.
Some koolaide drinking commentator on his blog wrote
"You already have a portfolio of $2.2 million. You need to work on expanding that, and do not pay attention to a temporary slowdown that came with the beginning of the school year. The National Association of Real Estate Dealers says the worst of the housing setback is now behind us. So there’s nothing but strawberry fields ahead. "
LOL!
Guy on Right: Worth millions
Guy on Left: Worth -$2.2 million, on his way to jail and Ch. 11
Sucker. Suckee.
David brings up an interesting point - are there any popular blogs that are like HP but opposite? Like a bizarro HP, where everyone drinks the koolaid and tells each other how great it tastes even as they are being poisoned to death?
It might be funny to monitor some over the next few months, try to bring some reality to their discussions, observe as doubt creeps into their minds, slowly at first, and then with much greater force. That would be the real Housing Panic, actually. Nobody on HP is actually panicing because they've seen the writing on the wall. But on some 'real estate investor' blog, there you would see some real panic.
paul e
This real estate blog looks like it fits your discription.
It even has a profile of that forclosure looser.
tabasco..i, too am stunned at this, but i'm convinced it's human nature. i mean, what, bush has a 35% approval rating, yet wherever he goes, people's eyes gloss over and you just get awestruck, when in fact, those 65% should have disgust for him and not want to shake hands and smile when in his presence
do you know who's taking the picture? it's donald trump and kendra is by his side. what a group huh!
What do you want to bet that you'll see Casey doing seminars in the near future?
"This is what I did wrong, but you can succeed by doing this!"
What a ride it's been. What a ride it will be. And what a mess...I'm pulling for the kid.
Me too. And I see that Casey is getting a lot of mileage out of that blue shirt. Robert Kiyosaki must have brought in the photographer who took THIS PICTURE.
Notice how Casey stares intently at his computer screen as he emails his buddies, writes to his blog and goofs on the Internet while looking for great real estate "deals" to show to his new boss. Boss? That's right! Casey has a new job doing what he does best: Real estate research. That blue shirt goes so well with Casey's blue eyes, blue exercise ball, blue Dasani water bottle and blue patch cord. PROBLEM: This obviously-staged photo missed one important detail: There is a visible kegger cup at the bottom, left side of the desk.
Casey is not one to let $2,200,000 worth of delinquent shady loans, gross over-leveraging, $140,000 in credit card and credit-line debt, five houses in foreclosure, the prospect of bankruptcy and a probable prison sentence slow him down. Casey Serin is back in action! Or is it inaction? Whatever. He now has a special position with his other "Rich Dad", who has become his real estate mentor. Casey has taken a job as an unpaid Internet Technology Monkey in exchange for the use of free office space.
"Nine to Five at My Rich Dad's Office."
Casey has set down some strict work rules for his new job: "I will not work more than 8 hours a day. Monday through Friday 9am to 5pm or something similar. This way I'll have room for daily exersize, social life and a full night's rest. No working on weekends. I will keep all work in the office. No taking work home.."
Originally, Casey reported that his financial problems had caused him to plunge into the depths of despair. But now that he has bared his soul and confessed to his crimes, he has become perky, upbeat and
disgustingly-hopeful and optimistic about his situation. This whole confession ritual has apparently satisfied Casey's desire to be chastised for his real estate crimes. He asked his readers for comments about his new unpaid position, as well as comments regarding the rigorous work schedule he has created for himself. Here are excerpts from a random sampling of the helpful responses he received:
*** *** ***
"Yeah, I'd love to hire some punk who watches the clock, doesn't take any work home to get things done on time, and spends his time during work hours blogging. Guess what shmuck...you already missed the dot com bubble."
"Man, at least when you were depressed you were in touch with reality."
"You are nothing more than a lazy, deluded slacker."
"Nobody with a brain buys your spin and rationalizations. It borders on insanity."
"So. your plan for repaying the $2,200,000 of debt you've run up through real estate speculation is by. speculating in real estate?!"
"I want so bad to believe this is all some crazy hoax. But I know it isn't."
*** *** ***
Oh, I almost forgot about Casey's exciting new WEBSITE. He's really on to something here. If shady real estate deals got him into trouble, surely, more shady real
estate deals can get him out of trouble.
"Able Buyer of Sacramento -- It's always a good time to buy!"
Own a Home with No Banks...
-Remodelled Homes with Seller Financing.
Pickup a Sweet Deal...
-Fixer-Uppers at 20-50% below market.
Cashout and Walk Away...
-We Buy Houses Fast. No Equity No Problem.
Get 12-24% Return...
-High-yield notes secured by Real Estate.
More info coming soon...
Nobody knows real estate better than Casey Serin. I only hope he can continue to write to his blog from prison.
Fool meets fool
And we all know how this so American of American stories ends right?
Apparently, it won't be over until it's over.
Everyone knows that Casey Serin has been BLOGGING about his fraudulent real estate deals. Apparently, Casey is so deluded that he believed his Internet blog would remain private and out of the reach of search engines. This proved not to be the case when a bank that Casey tried to defraud denied him a loan after checking him out on Google.
Now, Casey's amazing blog entries have gone into daily syndication on another BLOG.
This is the first time that I have seen one blog devoted to another blog.
Post a Comment