October 16, 2007

MTV Cribs - HousingPANIC Style


I hate MTV Cribs - it made millions of suckers believe they deserved to live in P Diddy style, even if they couldn't afford it, even if they had to take out a negative-am, no-down, no-doc, teaser-rate option ARM to get it.

This video is more like it. Nice to see someone living within his means. Warning - a bit graphic and politically incorrect...

30 comments:

ApleAnee said...

Bitter Renters or Happy Homedebtors?

Anonymous said...

Keith - you made my day. And I still luv you!

Edgar said...

They are probably all Realtors® & "own" eight houses apiece.

Anonymous said...

OMG the gold shopping cart was too much.....

Anonymous said...

There are neg am loans, there are no-doc loans, and there was 100% financing available.

There is no no doc 100% LTV neg am loan and there never was. To use it as an example is silly, and it weakens the point you are trying to make.

I agree with your point of view about the show.

ProblemWithCaring said...

This would be funny - except, for the naggingly consistent undercurrent of racism that seems to lurk beneath many of the (otherwise informative) posts on your blog.

On second thought...Nah...its not funny at all.

Anonymous said...

mmmmm... hotdogs

Anonymous said...

dude....that's messed up. You talk about how our American society is in the crapper yet you give the people that created "Bum-Fights" publicity.

Anonymous said...

One of the best documentaries I had ever seen and you will ever see is "Dark Days": the homeless who have encamped the abandoned lower level subways of NYC. You want reality, a very good scare and inspiration/hope for the human spirit, this doc. is for you!

Preview trailers on YouTube,purchase at Amazon, rental at Hollywood Video,etc.


DO'NT MISS IT!!!!!!!!

Anonymous said...

I rather have him has a neighbor than a Realtor (TM). I'm glad to see that he's enjoying life. That gold-plated shopping cart is pimpin'.

Destitute Broker Pimp Daddy said...

LMFAO!!
Oh my GAWWWD Keith, that is some FUNNY FU#$*ing SHYTTTT!!

Suzanne will soon be joining him up in dat sweet crib's love nest, cause there will be no houses selling and Gurl-friend will have to make a living somehow....

The wierd dude kissing the camera at the end was a bit much however-HOOOOOO LAWWWD--

OK, Nighty-Night All!! Let us all be thankful we have a real bed to sleep in...Amen.

Anonymous said...

Dad!!!

Anonymous said...

.








SHEEEEEET









.

Anonymous said...

They were working as mortgage brokers just last year.

Frank@Scottsdale-Sucks.com said...

Funny you mention it ....

I was in the gym the other day and MTV rap hip-hop garbage was on one of the televisions so I watched for a few while working out ... every rap "song" is about materialism. Diamonds, gold, Bentleys, big houses, hookers, etc etc.

No wonder this generation is so screwed up and believes they deserve so much that they can't (or won't) pay for.

No wonder why Hillary and Obama actually have so much support. This country is turning into a nation of looters and moochers who all want something for nothing.

Anonymous said...

very funny. just could not watch that clown for 4 whole m-f'in minutes

RE.Agent said...

As predicted, instead of purchasing a home of their own, many bitter renters are now living in tent cities or Honda hatchbacks. We tried, even with down payment assistance programs, to allow them to grab their piece of the American Dream, but they have now thrown too much of their money away on rent, and are now homeless instead of building wealth.

Anonymous said...

Soon they will be living in a cookie cutter mc mansion that was abandon probably 100 feet or less from where this was filmed. All they will have to do is cut the grass and kick open the back door.

Anonymous said...

Problemwithcaring,

It iz wat it iz ...

Anonymous said...

Hey Re Agent--

Nice try at deflecting! This guy lives under a damn bridge, because he bought a house from you and got a predatory loan from your Broker pals.
Many others are headed this way--Trading in their BMW's for pimpin' gold shopping carts....yikes.

brokersleaveyoubroke said...

Anonymous said...
There are neg am loans, there are no-doc loans, and there was 100% financing available.

There is no no doc 100% LTV neg am loan and there never was. To use it as an example is silly, and it weakens the point you are trying to make.

Why silly? If you couldn't get a no doc neg am loan for 100% you just got a no doc second mortgage for the rest. Also, near the peak of the bubble I saw ads for more then 100% LTV cash back mortgages. How do you think someone like Casey Serin got millions of dollars in mortgages with no cash of his own?

brokersleaveyoubroke said...

The gold shopping cart was the best laugh I've had in a while.

CadorBolin said...

Very amusing. Hip Hop Hobos, that's what they are.

(Hobo is an endearing term for the self-reliant homeless man)

Anonymous said...

The government will take away your income and rights in return for housing, healthcare and an iphone. I bet over 50% of people under 30 would accept the offer. It's the dumbing down of America with MTV and a flood of uneducated illiterate immigrants from third world countries.

Keyser Soze said...

No Frank, Hillary and Barack are popular because your friends:
1) caused the Iraq Quagmire.
2) doubled the national debt in 7 years.
3) preach fiscal discipline, but have none.
4) preach family values, yet have none.

Anonymous said...

Mac C pimp has more fiscal self restraint than 90% of the inhabitants (or at least recent inhabitants) of those 600k+ Las Vegas McMansions.

I'm proud of you Mac!

Anonymous said...

I'm a locksmith. A law firm representing REO property uses the company I work for to enter/ rekey Foreclosed homes.

Last week, I received a work-order to open a vacant REO property and change the locks.

I picked the front door open and discovered a basement full of squaters (about 15 people). At first they got real mad that I was there; so I told them that the law firm needs keys to the prop and if I don't change the locks someone else will. I suggested that they leave and find somewhere else to live. That's when a large male (leader of the pack) approched me and said, "Boy, you had better get the hell out of here while you still can."
I looked him right in the eye and said, "Tell you what, for $100 cash, I'll rekey the place and give you the keys. Then I'll send the wrong keys to the law firm... that way they won't be able to get in right away, which means that way you can stay here until they sell the place and the new owner calls to compain that their keys don't work. OR I can leave now, and they will just send out someone else who might call the police on you." At this point I just shut up and looked over the group for a decision. Not one of them said anything for almost 2 minutes, so I turned around to leave. The leader of the pack stopped me, held out 5 twenty dollar bills and said I'm going to need 10 keys. I took the $100 offered, and said this covers my work and two keys, if you want 8 more copies, that will cost you an extra $20. He paused, looked me square in the eyes; I held my ground and did not back down. He pulled another $20 out of his pocket, handed it to me, then walked away.

CONFLICT OF INTEREST?

I know my client is the law firm not the illegal squatters. But hey, when I told these tresspassing criminals to leave the prop, they threatend me. Therefore, they deserved what happened next.

I rekeyed the front and back door, using a trick called a BB-DROP. I gave 10 keys to the squatters, but did not tell them that I also created a MASTER CHANGE KEY for the law firm. When the law firm uses their master change key the BB-DROP inside the locks will change the combination of the locks so that the squaters keys will no longer work, but the law firm keys will continue to work.

Then I sent the law firm a bill together with its new master keys and a memo reguarding the squatters and my need to give them temp keys to be able to access the locks without getting physically harmed in the process.

My boss told me yesterday, that the law firm sent the sheriff over with the master keys to clean house. LMAO :)

Anonymous said...

Is that DOPES?

Anonymous said...

naggingly consistent undercurrent of racism

Here's a rip current:

SpringHill Lake Apartments

Anonymous said...

Locksmith: funny story. Nice mind game with the inhabitants. I chuckle when I think of those that spent a ton of money on a new mcdump only to have a circumstance like you described next door. Eeegads, Ill rent an apt. any day over this. Just another potential pitfall of homeownership.