From the Record:
Suit: Real estate agents used Wayne home for sex
A former president of the Passaic County Board of Realtors is accused in a lawsuit of steering potential buyers away from a couple’s vacant Wayne home so he could use it for “sexual escapades,” which were captured on hidden cameras.
Richard and Sandra Weiner of Denville have filed suit in state Superior Court in Passaic County alleging breach of trust and fiduciary duties against Coldwell Banker of Madison and Wayne residents, and Coldwell agents, Robert Lindsay and Jeannemarie Phelan. The Weiners are seeking compensatory damages for invasion of privacy, infliction of emotional distress, breach of contract, trespass of land and other civil counts.
“Defendants Coldwell and Lindsay were engaged by the Weiners to market and sell their home in Wayne, New Jersey. Instead, Lindsay and Phelan, through Lindsay’s illegal and dishonest acts, used the Weiners’ home as their play pad to have sexual relations in the Weiners’ bedroom, among other places in the home,” the suit states.
The lawsuit alleges that along with making a duplicate key to the house, Lindsay “intentionally listed the house above market value to avoid Realtor traffic in the home while he and Phelan carried on their trysts.”
The suit filed Dec. 6 also states: “Worst yet, all of Lindsay and Phelan’s sexual escapades were recorded on security video cameras located in the Weiners’ home.”
…
From Dec. 27, 2011, to Jan. 23, 2012, according to the suit, the security cameras captured Lindsay and Phelan making 10 additional visits to the home.“All visits were for sexual encounters,” the suit states. “The last visit to the house by Lindsay and Phelan was on Jan. 23, 2012. Sandra Weiner happened to be checking the video cameras feed at the time and saw strange people in the house with what she thought were flashlights. The house was dark at the time. The Weiners called the local police, who then went to the house.”
“The police opened the door to the house and found Lindsay pulling up his pants,” the suit states. “Lindsay lied to police by telling them that he was there to prepare the house for an open house. … Instead, Lindsay and Phelan were at the house to have sex.”
Hat tip to Phoenix
Good Morning New Jersey
From the AP:
AP SURVEY: US INCOME GAP IS HOLDING BACK ECONOMY
The growing gap between the richest Americans and everyone else isn’t bad just for individuals.
It’s hurting the U.S. economy.
So says a majority of more than three dozen economists surveyed last week by The Associated Press. Their concerns tap into a debate that’s intensified as middle-class pay has stagnated while wealthier households have thrived.
A key source of the economists’ concern: Higher pay and outsize stock market gains are flowing mainly to affluent Americans. Yet these households spend less of their money than do low- and middle-income consumers who make up most of the population but whose pay is barely rising.
“What you want is a broader spending base,” says Scott Brown, chief economist at Raymond James, a financial advisory firm. “You want more people spending money.”
Spending by wealthier Americans, given the weight of their dollars, does help drive the economy. But analysts say the economy would be better able to sustain its growth if the riches were more evenly dispersed. For one thing, a plunge in stock prices typically leads wealthier Americans to cut sharply back on their spending.
“The broader the improvement, the more likely it will be sustained,” said Michael Niemira, chief economist at the International Council of Shopping Centers.
A wide gap in pay limits the ability of poorer and middle-income Americans to improve their living standards, the economists say. About 80 percent of stock market wealth is held by the richest 10 percent of Americans. That means the stock market’s outsize gains this year have mostly benefited the already affluent.
Anyone here involved in industrial materials handling? I’m looking for used, but good condition 350g stainless IBCs (Hoover Liquitote style).
Looks like there is some discussion about prosecuting the carjackers under federal law, which re-opens the door to the death penalty.
The idea that the agent over priced the house to keep it from selling specifically for the purpose of having a place to have sex is just insane.
It seems like a stretch to me to conclude that he listed the place above market value so he could use it for rendezvous. These people are either sue happy or offended that he defiled their home. They’re probably looking for a settlement from the company.
#6 Was just saying the same, I’m sure he would have gladly taken the commission and paid for his own by-the-hour motel.
The idea that the agent over priced the house to keep it from selling specifically for the purpose of having a place to have sex is just insane.
Priorities. :) And besides, trying to have s.ex in the back of his 1989 Ford Escort wasn’t an option.
6- I agree, it makes no sense!!!
Why did it take 10 visits before police were called? Evidence collection or camera placement? Why was Realtor not wearing her lockbox?
3-I’m not advocating that the wealthy redistribute some of their wealth because I’m out to get the rich. I just understand that it’s never good for all the money to be concentrated in a few hands. These few hands can never replicate the spending pattern of the majority, which is required for a healthy economy. How many gallons of milk or toothpaste can the affluent buy? Not really much, no matter how much money they have.
A wide gap in pay limits the ability of poorer and middle-income Americans to improve their living standards, the economists say.
I’ve been told we live in a competitive area. If you can’t afford to live here, move out to Indiana.
Michael [12],
Let them eat cake. As long as we have a job and the market continues to show strength, it’s every man for himself.
Was showing a house once and walked in on some kid who must have been crashing at his parents house after they’d moved. They had no idea he was there, nor did the listing agent. No car in the driveway. Was a “vacant, go direct” listing.
Guess he got thrown out of his apartment or something, the place was a disaster – literally – disaster. His Rottweiler had shit all over the house, and he didn’t even bother to clean up the crap.
Was another one in Butler I was showing – walked into the basement and a guy jumped out of nowhere. He says, “excuse me, I’ll be right out”, and proceeds to open the back sliders and walk through about a foot of fresh snow into the woods.
I didn’t bother calling the listing agent on that one, I suppose I should be glad to be alive.
Why was Realtor not wearing her lockbox?
Clearly there was no locked box.
Speaking of jobs, I accepted a new position last week for a 25% increase from my current salary and a sign-on bonus w. full bennies. It’s in the financial sector. I also have another offer pending which is not as desirable.
My advice to job hunters? Make your resume look structurally pretty and accent your bullet points with measurable numbers. You want to get to the interview, that’s the purpose. And when you get to the interview, tell the prospective Manager/Director this one thing: “My objective is to make your life easier.” That one line will land you the job.
Fast,
Congrats! Well deserved and well played. I got this consulting gig because the legal entity controller asked me “who would be your primary clients if you took this opportunity?” I said “you”. Been here a year now and hopefully extends beyond. Still trying to find FT gig where pay is not absolute sh**.
Bystander,
Thank you. I think the economy and market is turning depsite the best efforts of this administration to continue throwing obstacles in it’s way. I don’t know where you are in proximity to the Big Apple but it’s clear that the closer one is to a major hub, the better the chances.
My suggestion for anyone looking to make a move? Revamp or simply tweak the resume and re-post on every job site. Network in any way possible, obviously. I had a recruiter last week tell me that 2014 looks to really robust so I think jobs have to open up sooner or later.
Weiner house sold below ask, because of all of the weinering going on?
http://m.realtytoday.com/articles/4970/20131223/your-house-or-mine-realtors-sued-for-using-home-they-represented-for-sexual-escapades.htm
2013- Year of the Weiner
I am close to NYC, in southern CT. My commute is 15m and good pay so next gig would be hard to top. Being picky..but it has been easy to turn down jobs that pay 60/hr. My bigger problem is settling down here. My bro and father are close but can’t stomach 600k with 10k in taxes for starter. It is absurd. My girl will never be able to provide any decent supporting income. I seel lots of friends w/ kids in similiar boats who just pullled the trigger and now live on razor thin edges. Checking out Philly burbs now. It is amazing what you can find for 400k and 6k in taxes and still be 35 mins commute to city center. Of course, it is Philly.
Interesting, can’t seem to find any record of the listing on GSMLS or NJMLS.
Bystander,
Nothing wrong with checking out the Philly ‘burbs. The toughest thing to do is pick up if you have roots and family in an area. Luckily, I own my house and worse case, can stay put. BUT, the biggest gripe is as you stated: expecting to pay for someone elses sh1thole to fund their retirement and/or bailout.
Interesting, can’t seem to find any record of the listing on GSMLS or NJMLS.
It’s one of those listings that get recorded after the fact. You know, to use as ammunition to hook another sucker with padded comps.
Bystander,
If you’re in a W2 job in center city, don’t forget to factor in the city wage tax.
Re: Realtors bopping realtors — I have no love for the industry, and would not have needed to see surveillance footage to believe that they were using a listing as a hot sheet motel; but the idea that the Weiner’s snowflake of a listing was so special that the agents tried to prevent it from selling? How many other places could (or did!) this pair have access to?
I hear screwing on the owners bed is the Realtor version of burying a St. Joseph statue out front.
Realtors are well-versed in the art of screwing someone.
Zillow’s got coldwell banker in the listing history, followed by weichert, then better homes and gardens.
grim says:
December 23, 2013 at 10:02 am
Interesting, can’t seem to find any record of the listing on GSMLS or NJMLS.
Hahaha. Sex in a listing, nothing new, this was an episode on 2.5 Men.
The idea that the agent over priced the house to keep it from selling specifically for the purpose of having a place to have sex is just insane.
Is it. I mean, when his wife asks, he’s at work.
F**k me, your majesty!
14 Lake W? Not seeing the sale record.
To #12 Michael:
That is why you need recessions/ depression.
The job of a recession/depression is to distribute wealth around like a full powered sprinkler in a summer day. It does this by destruction of debt mainly through bankruptcy.
The economist Minsky’s point is that a lot of the accrued wealth is false wealth. Is false wealth because it’s based on highly price inflated and speculated usually paper assets which are highly levered. A recession/depression bring true price discovery and resets markets by punishing the excesses.
Think Citibank gave a businessman a $500k loan for a highly speculative venture. The loan is now delinquent. Citibank goes into receivership. Said loan is bought by Vulture Investment group at 20 cents on dollar; they tells the businessman, we bought the loan and are willing to refinance you, and will forget principal, past due, and interest – we are starting over with you at $150k. Now businessman can make his venture work and his economic activity restarts.
This is how the marketplace, when not rigged works. It was rigged to save the US Bankster , just like Japan did to save their bankers back in the early 90’s. Add to that the not exactly same, but close growing elderly boomers demographics.
Japan has been stuck in this morass for over 20yrs and has destroyed a full generation and now going for a second generation, the ability of those generations to improve themselves economically; because the system is still full of bad debt which all they do is constipate the economy because it keeps false badly priced speculative assets at a fake price point which allows those owner to remain “concentrated wealthy”.
This is the path we have chosen for ourselves when Wall Street was saved. Now you can still re-distribute the “concentrated fake wealth”, but you need to tax the Wall Street/Cap Gain crowd, The keep the profit offshore corporate crowd, The Oil & Gas Crowd, and many other crowds that essentially own our elected representative so it is not going to happen.
#12 Michael says:
December 23, 2013 at 8:42 am
3-I’m not advocating that the wealthy redistribute some of their wealth because I’m out to get the rich. I just understand that it’s never good for all the money to be concentrated in a few hands. These few hands can never replicate the spending pattern of the majority, which is required for a healthy economy. How many gallons of milk or toothpaste can the affluent buy? Not really much, no matter how much money they have.
Grim #4.
I dealt with this company a couple careers ago…I used to work in a third party lab that certified their products.
http://www.natpack.com/products/bulk/stainless-steel-ibc/
grim says:
December 23, 2013 at 5:48 am
Anyone here involved in industrial materials handling? I’m looking for used, but good condition 350g stainless IBCs (Hoover Liquitote style).
Pretty hot looking.
http://www.trulia.com/profile/Real_Estate_Pro-Wayne_NJ-1900155/
4 Todd terrace fits the timeline for the shagging realtors. It looks like a Gary rant special listed for originally 699k and sold for 501k. It seems lime it might be Dick Weiner’s cupcake the realtor did not want to piss on.
Wasn’t one of the sub-plots of American Beauty, one realtor screwing another…Annette Bening legs up…that image forever etched in my brain…
Fast Eddie is optimistic…what’s next, Spine?
Fast Eddie – are you going to finally make a move and buy something now that you got the big raise (congrats by the way).
I always it find it interesting how personal experiences shape our outlook…we are human after all.
Getting laid off during the financial crisis 4 years ago certainly made me more sympathetic to non-conservative positions (where I really wasn’t before).
ccb223,
I’m cautiously optimistic. And there’s no opportunity to make a move if there’s no inventory available. I’m not buying someone’s dump because I’m told I have no choice. I want the layout and location of my choosing, not what’s presented. Let an 1diot bail some fat f.uck out, it’s not for me. You’re asking me to pay well in excess of a HALF MILLION dollars on top of legalized theft in the form of taxes for a p1sshole. Nope. So, in order to offset the warped conditions that still exist, I’m just going to ask a warped price for my house and will consider anything within 97% of the asking. Don’t wanna pay? That means you can’t afford it. Go move to Indiana.
Congrats Eddie.
I’ve been reviewed three times at my current employ of nearly fifteen years. Of course, if I’m one day late to annually review my twenty or so direct reports, it’s a huge knock against me. Well, this review went pretty much like the prior two, which had both been with different bosses. But I handled each one the same. The first one, the plant manager in Los Angeles was a micro manager who didn’t trust anyone. The real truth of it was that he wasn’t too bright and didn’t want anyone to know. When the plant closed down, he was axed and the company moved me back to New York. I remember in that review telling him that I know I’m young, but I know what I’m doing. Just trust me and I’ll make you look good.
My second manager was the complete opposite. He shot from the hip and broke all of the rules. Especially with HR. Though very successful, he left a trail of disaster to be cleaned up after each move. He too was canned when the financial crisis occurred. His review of me was pretty much, “just keep on doing what your doing, and I really don’t want to know what your doing, but you’re making me look good.”
My third manager plays by the rules, but I don’t think he even knows what I do. Like me, he wears way too many hats to spend any time with his more successful direct reports. This was the best review yet. He hands me the paper and says, “Don’t bother reading it because I couldn’t even figure out how to remove your goals from seven years ago.” He then said, “you make me look good.” I replied, “Be careful, my last two supervisors who told me that were canned shortly after.” We both laughed and he went on to tell me that there were no increases this year.
Gary,
I’m pleased to discover that wealth has not corrupted you.
FYI – I just did a search for Ridgewood on Trulia. There are 45 properties listed; 21 of them are Lis Pendens. This is at the very least, an accurate portrayal of what the market represents in our area; even for the “pretender” towns. Don’t let anyone try to convince you otherwise. Preston’s mommy is two paychecks away from sporting stilettos while strutting the corner of Ridgewood and Maple Avenue.
zieba,
It’s far, far from wealth. Compared to some on this board, my increase still puts me on the lesser side. :) The moral of this story? Get yourself noticed because the bottom line is that there are too many m0rons out there and one needs to push to the front. The same holds true for jobs and houses. ;)
Libturd,
Your story proves my point, does it not? :) Your manager or director wants to survive the same way that you do. Give them one less thing to worry about and you’re golden.
To All the NJREREPORTers:
May Peace, Love, Joy, and Hope be yours this Kwanzaa.
Festivus would have been more apt
Eddie [44];
C’mon… bad idea to draw any conclusions about the state of the market based on Christmas week information.
Today is indeed Festivus. And I hope everyone gets a Red Rider BB gun.
Moose [49],
Of course, what am I thinking. ;)
Eddie [51];
Exactly. Be of good cheer!
There was this Kwanzaa song that Gator Jr sang at his first grade holiday music concert. The chorus sounded like the kids were singing:
Kwanzaa….Kwanzaa…holiday of fast food.
I thought it was pretty hilarious until I found out they were saying “first” not fast.
To this day, anytime someone mentions Kwanzaa, I think of fast food.
And Eddie, that’s exactly why I posted the story of my reviews.
I see a whole 6 REO for Ridgewood to date this year, another 6 on the docket currently for pending sales in January.
Given that we’ve had 328 MLS sales in Ridgewood so far, I don’t think those 6 are really much of a game changer…
35
Godzilla,
Laying down the law
Libturd…did you guys go to the University of Florida? I am a die hard Gator fan.
#54 grim
I sent you a mail on Ridgewood. Do you want me to talk to Steven instead?
57 – Didn’t see it, let me check spam
[48] “Festivus would have been more apt”
I simply cannot get behind a ridiculous fake holiday cooked up by a moron within my lifetime and absolutely devoid of any real history or meaning.
Er, wait a minute . . .
unintentionally hilarious….
grim says:
December 23, 2013 at 4:43 pm
57 – Didn’t see it, let me check spam
66 maple
grim says:
December 23, 2013 at 12:04 pm
14 Lake W? Not seeing the sale record.
grim,
There’s more than 6 that are listed. These haughty towns are bleeding debt. People are hanging on by threads but again, there’s no metric for the big hat, no cattle crowd. You think they’re going to tarnish the image? C’mon.
Again, to quote De Niro in Casino, “This is the end result of all the bright lights, and the comp trips, and all the champagne, and free hotel suites, and all the broads and all the booze. It’s all been arranged just for us to get *your money*.”
Apply that to real estate in the “desirable” areas. Remember, I grew up the son of a firefighter and 28 year tavern owner. I saw every f.ucking scam existing and yet to be invented. ;)
CCB. Gator (my wife) is a Florida alum. I is a NJ state school graduate.
lead article – back in the mid 80’s this was a perk of ponying up for your MLS membership and lockbox key.
#60 Chi
You’ll be getting (your own) Khol for Christmas!
godzilla (35)-
My pick as one of the posts of the year. Everyone should read this 20 times and/or tattoo it to the insides of their eyelids.
Folks, as a nation, we’re firmly sunk into the Third World morass. Either sink into the muck with the rest of the sheeple and entitlement class, or bust your ass to keep you and yours an inch above it.
It’s all turning to shit, and another fat tail event is about to occur.
All the dopes in charge will once again claim “we never saw it coming”, while at the same time clamoring to take an even tighter grip on the wheel of their ship to oblivion.
And that’s how we close out the Stick!
Go Niners!
#67 Clot
With Japan you are comparing apples to bananas, Japan has different issues from the US. In the end it all comes back to the Fed. We were sitting at 4% interest rates in 2008. The Fed should have gone to 7% to address the trade imbalance but went to zero instead. The only way out of this is to raise rates.