May Day

So, lots happening here. As I wrote, the agents were here... then the open houses.
UGHHHHHH!!!

We left a few minutes before the first one, but already there were people waiting. I swear, if you beat the Addams Family with an ugly stick, what was waiting outside is what they would look like.

The second open house, which was a Sunday, we left good and early and came back good and late. The house looked untouched, and there wasn't really any evidence of anyone having been here. I was thankful for that, and it made me wonder how many, if any people had showed up. Later, a neighbor dropped by to give us some stuff, so we asked her if people had shown up.

They had valet parking. I can't believe it. Valet parking for an open house!

Three days later, the agent called me up to tell me they had an accepted offer. I asked him what the price was, and he told me that while he couldn't tell me the price until it was recorded, it did go above asking.

I'm figuring in the $700,000.00 range.

He then was wondering about a time for a home inspection.

So, the home inspection was a couple days ago, and I got to see who the Einstein's that are the buyers were.

Da Da Da Dum (finger) snap snap

It isn't quite the whole Addams family, actually it's a couple (two women (I think)) who look Goth (though they had a DANZIG bumper sticker on their car which I don't think of as quite goth)

According to their agent, they just started a record label. It hasn't made any money so basically ----
They're unemployed!!

Now, I understand theres some money coming in from somewhere else, still -- remember that cipherin class in a previous post?

These are the people that are getting to the party right before it's over. I kinda feel bad for them, except I feel worse for myself losing my place.


So, it's becoming a reality. We're going to have to hunker down in the desert and wait for the real estate armegeddon to pass before doing anything.

If you want to read about the real estate bubble, there's no shortage of stuff - just google it.

However, I just saw something today which I think may bode much more serious.

If you don't know what Fannie Mae exactly does, here's a quickie. If you do know, jump to the link.

A person wants to get a loan to buy a house. They go to a mortgage lender. The mortgage lender lends the money. Then they sell the Loan to Fannie Mae for an origination fee (a combination government/private company)
This, by the way, is how interest only, etc. -- the whole crazy real estate thing - has been working -- it's largely government/bond subsidized.

If Fannie Mae or Freddie Mac were to go under/close shop, the real estate market would be dead and buried in twenty four hours.

Now - the link...

Here's a link.


Whatcha think? Could this be serious?



What else?

We had a great time a week ago for opening night of xXx State of the Union.
Pretty bad movie, but our neighbor Johnny!!! rocked!
He got to kick Sam Jackson's ass as well as Ice Cube - ending up getting killed of course. Juicy part, Opening credit billing. Can't ask for more than that.

We had drinks at the Lucky Strike Lanes in Hollywood before checking the movie out at the Chinese Theater. Ultimate Hollywood for an ultimate Hollywood movie.

Diamond Road is getting the serious re-working. For those of you who don't know, or want to know what's next - that's it. I'm doing an action adventure next. Old School. None of this Michael Bay crap that's been infecting action so much. Speaking of, if you want to see a fun, old school adveture, check out Sahara. Not bad.

So, there you have it in brief on this May 6th, 2005
Oh - which means that tonight is the big screen premiere of HEADHUNTER, a movie I was heavily involved with for the last year. Hell, I'm a co-producer.
If you live in Los Angeles, and you read this before midnight tonight... check it out. Santa Monica Laemmle 4 at midnight.

For those I don't see there, see you in the digital ethers.