April 17, 2008

This is the kind of housing porn that made people do so many stupid things these past few years





Homes as lottery tickets, fueled by REIC-sponsored TV shows.

And then the whole ponzi scheme came tumbling down.

Except in Kendra Todd's world, where REALTORS are heroes, home prices only go up, and bubbles are for bathtubs.


80 comments:

Bitter Pennsylvanian said...

Is this a joke? I can't believe anyone would have a show like this. It's like "Antiques Roadshow" on housing.

covere said...

Hey Keith, haven't you heard -- now is a great time to buy...a plane ticket out of the country!

Paul E. Math said...

So, so stupid.

This is how whores like Kendra Todd convinced people to pay more for their houses. It's like this dumb bitch thought the money was free, like it didn't have to be paid back.

Pay the money back? Huh? Whatcho-talkin-bout, Willis?

She already owned the home and now she will be paying more for it via the home equity loan.

God, I would love to see a follow-up show on all these feckless fools. I guarantee that most of them are eventually foreclosed on or sell short.

keith said...

How about

Kendra Todd's Alternative Reality Pay Me a Commission Housing Porn Show (TM)

memo-man said...

I have a feeling like an alien is about to burst from my stomach after seeing this... simply WTF?!?!

Metroplexual said...

Keith,

I rarely if ever watched these shows but I did catch this one and was shocked by the whole "Lottery" aspect to it. I still think the house is a dump and with the crumbling seawall and the whole datedness of the house I was doubting the appraiser.

BTW, How do you do it? Monitoring the popular culture here in the US from over there in Europe. Amazing! I guess the internet is that powerful.

E34 in Nova said...

I actually watched this show a few times and I was always shocked at the numbers that the realtwhores give to these homedebtors. Even when they say the market is now soft but your house is worth some ridiculos amount.

E34 in Nova

keith said...

Now a buyer should come in and tell the lady the home is only worth 1/2 of what the REIC said it would go for

Now THAT would be must-see TV!

Oh, on the how-do-I-keep-up question - pretty easy. Readers send me ideas and links, and I post 'em. For this vid, just searched "kendra todd" on youtube and boom, jackpot. I have slingbox too so I can see US TV over here.

Without tech, there'd be no HP. Just NAR press releases being reported as news by the MSM. And videos like this with sheep believing them.

happy homeowner in the stix said...

Kendra Todd's whole show is like that. I remember this episode, and believe me, the house was worse than you think from this snippet.

nepa gal said...

Personally I think Kendra needs to get back out there so people can smack her upside the head when they find out how far underwater they are...and they can call the show MY HOUSE IS WORTH SQUAT!?!!!!

Can't you just see her running down the street with the raging homedebtor following with large kitched implements? Heh heh heh.

DOPES said...

I WANNA WATCH THIS FAT BITCH CRY OVER HER OPTION ARM FORECLOSURE, WITH ITS NEW KITCHEN AND NEIGHBORS THAT PAID 600K, IN 2010 ON 60 MINUTES...

DOPES!!!

William Behm said...

Wow, that one is unbelievably bad.

DOPES said...

JUST THE OPPOSITE PLAYS OUT IN PRIVATE EVERYDAY IN TENS OF THOUSANDS OF AMERICAN HOMES...

HOMEDEBTOR: WELL, HOW MUCH CAN WE GET FOR IT? HUH, HUH, HUH???

REAL ESTATE AGENT: $235K. THE MARKET IS FLOODED WITH INVENTORY AND THERE'S TWO FORECLOSURES ON YOUR STREET...

HOMEDEBTOR: BUT WE OWE THE ORANGE MAN $410K!!!

HOMEDEBTOR: WAAAHHHHH, SOB, WAAAHHHHH, SOB, SOB...

HOMEDEBTOR: YOU TOLD US REAL ESTATE ONLY GOES UP WHEN YOU SOLD IT TO US (TEARS TURNING TO ANGER)!!!

REAL ESTATE AGENT: PUSHES PANIC, SELF DIAL BUTTON ON CELL PHONE AND FEIGNS TAKING AN URGENT CALL. ANNOUNCES EMERGENCY APPOINT ON MULTIPLE CONTRACT OFFER AND EXITS HOUSE...

DOPES!!!

Anonymous said...

More pain for Merrill Lynch
Wall Street firm's quarterly loss is even wider than expected after billion in writedowns, and it plans to cut 4,000 jobs.

By Tami Luhby, CNNMoney.com senior writer
Last Updated: April 17, 2008: 7:04 AM EDT

NEW YORK (CNNMoney.com) -- The pain isn't over for Merrill Lynch & Co.

The investment bank Thursday missed even the drastically lowered estimates for its first-quarter results, reporting a net loss of $1.96 billion, or $2.19 per diluted share.


The company also plans to cut about 4,000 jobs, or about 10% of its workforce, excluding financial advisers and investment associates. It will focus the reductions in its global markets and investment banking division.

http://money.cnn.com/2008/04/17/news/companies/merrill/index.htm?source=yahoo_quote

Keyser Soze said...

I haven't clicked on the video yet....thought it was an episode of 'What Not To Wear'.

Anonymous said...

anytime you have a member of the 6% club speaking,,you might as well walk away...

This program is a frikin joke,,

Kendra Todd would make a good Stripper

The Anti-Realturd said...

Here it is...Everything you need to see and know to grasp how stupid & corrupt Congress is for even thinking about bailing out these crooks in the REIC.

Sign the petition against the bailout...write your local Rep. & rail against spending your tax dollar to support the great ponzi scheme.

Anti-Realturd

Shakster said...

Housing Porn?
You say the magic words.
Blacky A-Street knows housing porn.keith said...
How about

Kendra Todd's Alternative Reality Pay Me a Commission Housing Porn Show (TM)............................With Blacky A Street.
Now esscuse me while I go Shake a tower,upp,take a shower.

gag me w/ a spoon said...

I think it's worth 2 million.The economy needs to grow you know.Free money is what america needs.Thank you chinese people for giveing americans free home equity.

Anonymous said...

I just threw up a bit in my mouth.

Ohio Loan Officer said...

My brother bought his little house on a drainage creek in Sarasota in 1997 for $75,000. In 2005 they appraised it for $350,000---- assuming the house was gone! He immediately cancelled his insurance. His reasoning was, why should he insure the house when it was worth more if it burned down or blew away???

Veronica Lodge said...

After all of the financed improvements, the house would be worth $1.6 million?!?

If I remember correctly, this story aired at least a year ago and the house was in Florida.

A follow up on this tragedy would be nice.

V.L.

atticuswfu said...

Oh lawd. This lady will be feeding pigeons in the park shortly.

Anyone else love how they referred to the appreciation as "profit?" What exactly did she sell? Yeah, that's not a profit.

But I do kinda wish they took the housing porn theme a little further since the hostess is pretty hot. :)

Anonymous said...

I had never seen Kendra's show. All I can say is Unfreakinbelievable!!!

No Bail, Just JAIL... said...

KT will look good in prison orange with black stripes.

We should put her and Orangello in the same cell and force them to procreate.

Teach the offspring only Chinese and send him to Bejjing.

If that doesn't work out, we can still put the kid in the circus in the freak show.

Angie and Kendra plus maximum security, Has a nice ring to it wouldn't you say?

Flash, Poo, MORE aluminum foil... said...

"keith said...
Now a buyer should come in and tell the lady the home is only worth 1/2 of what the REIC said it would go for"

GREAT idea Keith, just bring back the cast and have the 'appraiser' (probably was homeless living in a shelter/gutter/rehab the night before taping, outfitted with Goodwill clothing on way to set) tell fatso mumu that he has Bad News, the batteries in his calculator were going out that day causing it to give high numbers and that really, she should file Bankruptcy and change her name ASAP. You could have the EMT standing bye out front....

Jusy in case the homeowner takes it badly..I do think the appraiser and fatso mumu would make a cute couple though...

Anonymous said...

Hey Keith, can you run the Where Are They Now? video when you get a chance. Thanks.

keith said...

Why work? Just buy a house from Kendra Todd and you can buy boats, cars, vacations, anything your heart desires!

I just watched the clip again. I wish we could find the address of this house to watch its collapse on zillow

Buzz Saw said...

Hey, the house bought a boat, then a bigger boat, then a remodel. The eCONomy is strong!

doug said...

This guy just pulled $1.6M right out of the air. I guess it's easy when it's other people's money.

Casey Serin said...

I wanted to flip this house, but I was worried that I'd already committed too much mortgage fraud and didn't want to push my luck.

miner_tom said...

This made me positively ILL! I would love to see the current state\value of this particular house. Please, somebody, find the address and get an update on this thing.

For some time now, it has not been all that uncommon for the unwashed to believe that in order to become rich one needs to "buy" a house. And in order to get richer, one simply needs to keep improving it. That seems to have been the theme for a lot of these housing porn shows. And the big surprise is, they still make these shows.

JR said...

And these imbeciles are the ones that will eventually be bailed out...say it ain't so.

Banana Republicrat said...

Keith you've finally seen the "My House Is Worth What?" light! This show is hands down, the king of housing porn.

I have always thought it would be more sporting if the "real estate experts" had to fork over their appraisals (in cash) to the homedebtor on the spot.

Oh, and wait for it... the "appraisers" are all realtors!

jerkstore said...

I wish I had a virtual barfbag.

Anonymous said...

Kendra Todd would make a good Stripper

----------------------------

not so sure. her boobs looked kind of funny in that clip.

Banana Republicrat said...

Like I said, realtors:

http://tinyurl.com/5guyln

Anonymous said...

wtf, a profit? it is only a paper gain. it becomes profit once you have actually sold it.

mairca izda debol said...

I wonder if Kendra is willing to buy it for $1M since it is "worth" $1.3M

Somehow $52K in improvements translates into a $523K increase in the value of the house? No wonder America sucks in math and science these days. We're only interested in fantasies instead of logic.

resisting husband said...

2290 BAYVIEW LN, NORTH MIAMI FL 33181

resisting husband said...

From public records:



1. WHITE, ANDREA D 10/11/2005, 23860/4513, 2005R1067454, NON-PURCHASE MONEY $650,000

2. WHITE, ANDREA D, (Single or Unmarried Woman), 2290 BAYVIEW LN,, NORTH MIAMI,, FL, 33181, 3/20/2007, 25465/191, 2007R0286753, 06-2228-015-0270, NON-PURCHASE MONEY, $200,000.

resisting husband said...

http://tinyurl.com/2jyfhm

Looks like BMIT broke the story keith...they got it all laid out. and yes, it looks like she is SCREWED!!!!!!!!!!

Anonymous said...

those are the dumb and dumber. the dumber is always the stupid homeowner.

k.w. - southern ca. said...

Well we know the truth now ...

prices will keep tumbling, tumbling, tumbling down.

Housing should *never* have become speculative.

pwnd said...

recent news from Wachovia provides additional color: they expect 20% of option-ARM borrowers to foreclose. Look to today's MORNING POLICY REPORT for further details.

LauraVella said...

This episode is more than a year old.

I'll bet she's broke and long gone by now!

Anonymous said...

A couple more years from now, the sheeple will say 'I should have sold it in 2006'!!

michael said...

guys,

that fracking show is STILL ON THE AIR!!!!!!!!

i saw it last week, and it's still disgusting.

Yoski said...

Appraisal $1,300,000
New boat $120,000
remodelling $100,000
Seawall $40,000
BMW $50,000

Facing foreclosure, priceless

Ford said...

This clip really f**ks me up. I want to strap on my jack boots and New Orleans this selfish, greedy, fat ass bucket a chicken 2 liter coke cow.

I would have the cow and the shows host play a little appraisal game - which cost my FEMA department more, my taser, my pepper spray, my club, or my brass knuckles. Hurry punks, and dont make a mistake.

a.creampuff said...

Language pollution:

"upgrade" - since when did this marketing term seep into everyday speech?

"unit" - as Kobe Abe said, "we rent the apartment to money, not to people".

Language distortion (good call on "profit", atticuswfu) is a big part of the problem - don't let these terms into your own conversation.

"I'm fixing up my apartment/house" is so much better than "I'm upgrading my unit". Nuff said.

pontoons said...

The very ending is priceless. She's gonna use that bread to buy a boat "too big to fit in the canal". That sums it up. (Except that ain't all that's too big for the canal).

Spew Tum said...

My gawd! I almost spit up my dinner when I saw this episode on TV.
You'd think she won the car on Wheel of Fortune.

Paul E. Math said...

Thank you God for the Internets! The Zestimate on this dump ranges as low as $827k. And falling. Zillow also shows several recent sales of homes very similar to hers for around $800k.

Doesn't matter how much bigger the new boat is - she's so far underwater she won't be able to afford to fuel it up and take it anywhere.

Wish I could say I feel sorry for her. But my feeling is actually quite the opposite. Schade.

Anonymous said...

I'm riiiich biiiitch!!!

Wooooohooo!!!



Oh shit. No I'm not. The market just turned and I'm $500,000 underwater.

F******CK!!!

IQ Minimum Required for Breeding License.. said...

Geez. I hope fatso has no natural children... We have enough fat dumb stupedos now.

Viva Bushco!

Gimme an F

Gimme an O

Gimme a R...

etc. That eventually spells FOReclosure, but Paulsen thinks it means bailout...

Get a good seat, NASCAR is on any minute....

Vroom Vroom.

area 51 said...

You gotta check out zillow for that address. They say it's worth $1.03M, not the $1.3-1.6M, the appraiser quoted but more than the $850k she's in it for. (If she didn't use the HELOC)

Also note the big-ass boat in the zillow google-earth photo right out front. Pool color looks off though, just compare to the houses left and right. Hard to tell how old the pic is, can't rely on copyright.

Previous sale 3/17/97 for $277k, so the previous owner tripled their money in 7 yrs. not bad.....

Fat B's property taxes are >$1000/mo. ($13,959 last yr) Hope she's enjoying her lottery winnings.....

Seems to me more like $6500+ per month just for P&I and tax. How about the massive hurricane insurance premium she has to pay living in FL? Insurance for the boat? Utilities? Food (lots), car ins, medical, phone, cell, gas? Man her outlays must be ~$10k/mo!
KA CHING!

I bet she's sucking down that HELOC to cover monthly expenses if they haven't already cut her off....

Reality said...

Appraisers should be required to put money wher etheir mouths are. Appraisers should be required to buy the house for 10% less than their own appraised value, if the owner wishes to sell/put it to the appraiser. That will keep the "analysts"/pumpsters honest. If the appraiser/"analyst" is not willing to underwrite the put option, then the analysis/appraisal is a complete lie.

HappyRenter said...

I hope she didn't try to deduct the interest on the portion of the HLOC that was used for the new boat. The IRS says you can only deduct HELOC interest if it is used for home improvements (not SUVs, boats, vacations, etc.)

PV said...

Here's some more info from Miami-Dade County GIS.

Property: 2290 BAYVIEW LN
Mailing Address:
ANDREA D WHITE
2290 BAYVIEW LN MIAMI FL
33181-2434

Beds/Baths: 3/3
Floors: 1
Living Units: 1
Adj Sq Footage: 2,293
Lot Size: 9,375 SQ FT
Year Built: 1955

Sale Date: 5/2004
Sale Amount: $719,000

And now for the spiciest bit:

2007 Taxes are in paid status.
Payments Applied To 2007 Taxes:
Date Applied Register/Receipt Amount Paid
11/28/2007 CB /0034062 13400.33
Paid by mortgage company: COUNTRYWIDE HOME MTG LOANS

AHAHAHA! OMFG! She borrowed from Countrywide! Sure she would make good company to Orangelo Mozilo in jail!

Anon said...

For the latest


http://www.zillow.com/HomeDetails.htm?zprop=43977784

or

http://tinyurl.com/6xmvs9

Anonymous said...

That show makes me ill. My wife has watched it a few times so I get to take out a little aggression screaming at the TV. The one thing they never EVER talk about on that show is the homeowners ability to service a bigger loan. Just "You home went up x-dollars so you profit x-dollars, whoopie, spend spend spend". And of course despite the market being "soft" (as they gently call it on the show) the appraiser always manages to just meet or exceed the homeowners "expectation".

P.S. an algea filled pool, a very VERY bad sign of credit worthiness IMHO, like Casey Serin and some family members I know. Either your too poor to afford chlorine or you just don't give a sh-- about your stuff, either way it's BAD.

Anonymous said...

I checked that other web site, the beginning of the episode is classic, CLASSIC! She is retired AND "half way through her remodel she ran out of money". YIPPEE, oh the banks must be soiling themselves over the opportunity to loan her another half million or so. There is a woman of means I'll tell ya, she's probably praying she dies before the refi money runs out, oops.

mairca izda debol said...

2290 BAYVIEW LN, NORTH MIAMI FL 33181

Zillow says it's worth $1,034,000

Take at least 20% off that if she really needed to sell. So the house is down almost 40% from the fantasy appraisal if marked to market.

Max said...

The address of the property can be seen in the full version of the show:

2290 Bay View Lane
North Miami, FL

I don't know how to use Zillow. Maybe someone can check.

Anonymous said...

here's the zillow link

http://www.zillow.com/HomeDetails.htm?zprop=43977708

Anonymous said...

zillow estimate...

http://www.zillow.com/HomeDetails.htm?zprop=43977708

Andrew Hac Fanclub said...

Andrew Hac take it away man, how fried is this Americano speciman roosting and wallowing on the feed trough???

Lost Cause said...

Yes, I admit it. I saw the whole damn show. There is just nothing else on in the middle of the night.

Lost Cause said...

OK. Yes, this was a year old, so at thew time I thought, yes, waterfront Florida, maybe.

But I think I heard the lady choked on a ham sandwich, and ended up adrift living on the boat. ;-)

Anonymous said...

"Zillow says it's worth $1,034,000"

Zillow is usually months behind the curve so I doubt that she'll get anywhere near that. Just look at how much it has appreciated the last 10 years. I would pay no more that 450k for the house. This is something we should all keep an eye on.

mairca izda debol said...

She will be living on the boat when the HELOC money runs out and the bank forecloses

resisting husband said...

$13k in yearly taxes?! i pay less than that in yearly rent
(850 per mo x 12 = $10200)

Anonymous said...

I read that half of all people who win big on the lottery end up bankrupt.

I always thought that seemed very strange. Now, it is suddenly all too clear. Thanks for posting the clip!

Anonymous said...

I rent a nice new house for $1,200/mo near my workplace. That's $14,400 a year. That cow pays $13,000 a year in taxes and is happy because somebody told her the house value increased by $500K in two years. If she didn't sell right away (if she could), then all those paper gains are long gone by now.

Pete said...

I would say......1.4 mil, but wait, I farted and now I feel better, so 1.6 mil.

Give me some brewskies, 1.8 mil.

Hey, my system is just as good as any of the BS those guys are peddling.

Anonymous said...

>>>>HOMEDEBTOR: BUT WE OWE THE ORANGE MAN $410K!!!<<<<

ROFLMAO!

That was flippin (no pun intended) GREAT!

Don Key Brand said...

Housing porn is the apt word. You can see greed etched over that homedebtor's face. Its almost like she thinks she is going to heaven....
What really takes the cake is the portrayal of the two birdbrained women waiting for the idiot housing pimp to say something as if he were going to announce the moment of the second coming....

Now how many sheeple in this country do you think would have been influenced by that ? Wait, um, let's see..... is it all those people who are upside down on their mortgages today ?

Andrew said...

1.3 MILLION dollars? Any rational person who found out that their house had increased so much in value should sell immediately.

Kenda Todd, Porn Star said...

Kendra Todd should be doing real porn where she belongs. Licking some other womans butthole while the director is signaling her to jam her tongue in deeper and look turned on. Its the only work she's qualified to do.