Re: [AsburyPark] APP - Eviction looming, man sues over deal
Sounds more like a classic tale of not reading a contract before you sign it. --- On Mon, 10/13/08, Jennifer [EMAIL PROTECTED] wrote: From: Jennifer [EMAIL PROTECTED] Subject: [AsburyPark] APP - Eviction looming, man sues over deal To: AsburyPark@yahoogroups.com Date: Monday, October 13, 2008, 7:32 PM Here it is ~ A classic tale of scamming a homeowner in foreclosure October 12, 2008 Eviction looming, man sues over deal He, others say they feel cheated By ALESHA WILLIAMS BOYD STAFF WRITER Michael Moreno had a decision to make fast. There were only hours to go before his home was to be sold at a sheriff's auction. The 47-year-old Little Egg Harbor resident could lose the house a three-bedroom, two-story Colonial that he had built in 2002 and face homelessness with his wife and four children. Or, he could sign a contract without retaining a lawyer to sell the home to buyer Robert Heath Jr. Heath's Marlboro-based company, MGT Group, would offer to sell the home back to Moreno at a later date. The choice seemed simple, then. But now, Moreno says he was stripped of nearly $70,000 in equity in the February 2006 deal, and he faces eviction from the house he thought he saved. He also is one of two former homeowners suing Heath and related companies in an attempt to undo deals they claim are fraudulent. Their attorney, Kevin Carlin of Hamilton, said the documents on the deals list transactions that never happened, a violation of federal law. Carlin also said there are more than 40 similar real estate transactions involving Heath in the state. In the lawsuit, Carlin argues the pattern of activity should qualify as racketeering. Heath's attorney, Joseph F. Ottino Jr. of Brick, said the agreements were simply legal private con-tracts between two parties. Moreno was being evicted, Ottino said, because he is not paying rent to live in the house, as Heath had agreed. Heath may have made money on the deals, but there's nothing wrong with that, Ottino said. That's the nature of the business, Ottino said. You put out money, a capital investment, and you get a return based upon the risk. Ottino declined to discuss Carlin's charge about false statements on the documents. Heath did not return calls for comment. Moreno said in an interview that he was taken advantage of in a moment of extreme weakness. Moreno said his auto-repair business had run into financial trouble after a new landlord informed him he would have to move his shop; the landlord had other plans for the property. Moreno said he lost about $60,000 before he was able to relocate. Moreno said Heath had called him when his home was listed for foreclosure sale. Moreno said he and Heath agreed Heath would pay off Moreno's $261,000 mortgage. Moreno would prepay Heath $25,000 in rent to remain in the house for a year. Moreno agreed he would be able to buy the home back after that year for $297,000 the amount of the mortgage Heath would take out on the home with Countrywide Financial. On the day of the sheriff's sale, Moreno rushed to Heath's two-story office in Marlboro. There he found Heath, an attorney whom Heath explained had an office in the building, and another Heath employee who had appraised the home, Moreno said. But the numbers had changed, Moreno says, and Heath wanted more. All of a sudden, I would have to buy the house back for $321,000, said Moreno, who says he didn't know then he should have had a lawyer to represent him. I left. I was mad. It wasn't the same deal. Within seconds, Heath called Moreno's cell phone and asked him to return, Moreno said. He's saying, Come back, Michael. This is going to work for you. You don't want to lose your home, do you?' said Moreno, who turned back to finish the deal. (Heath's attorney) was like, sign here,' sign here.' I was only thinking about saving my house. Moreno made it to the county Sheriff's Office in Toms River with less than an hour to spare before the sale. Moreno said he did not know he had a right to postpone the sale. But now after a year of struggling with Heath over the deal gone wrong, Moreno says, I had a letter on the door saying, You gotta get out.' No rent being paid The prepaid rent ran out around February 2007, and Moreno said he has not paid the roughly $2,000-a-month rent since. Nor has he paid taxes, as he agreed in the contract. In the lawsuit, Moreno said he was bilked out of at least $69,000 in the deal the difference between his original $261,000 mortgage and the price of $330,000 Heath claimed on a deed that he paid for the home. And Moreno would later learn the attorney he says rushed him through the signing, Meryl Polcari, is now Heath's wife. Moreno said Heath never disclosed their personal relationship. Polcari couldn't be reached for comment. I thought he was helping me out; what he did was took me for a sucker, said Moreno, who filed his lawsuit in Superior Court in Toms
[AsburyPark] Re: OMG - WTF - Again !
--- In AsburyPark@yahoogroups.com, New Beetoap [EMAIL PROTECTED] wrote: Thats the problem with AP, too many small minded people not willing to take advice or learn from others experiences. Hold me back...someone please hold me back Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: OMG - WTF - Again !
I tend to agree with much of what New Beetoap says. First off, it's 100% obvious that the bandshell is never going to see the light of day again, and MM is getting away with it because nobody is putting pressure on them to explain what happened. Next, the shipping containers. They looked bad enough during the summer, but now they just help make it look like a perpetual construction site. Why has work stopped on the water park? Why did the farmers market stop? Probably because it was poorly executed. Fall is the perfect time for a great farmers market, but no, our highly touted boardwalk version closed in Sept. Bad move in my opinion. What about finishing the plaza in front of Convention Hall? Speaking of Convention Hall, yes, it looks good, but the restoration is far from being done. I'll also stick to my early opinion that the pavilions look out of place, and look more like strip mall architecture then something that would be appropriate for a place with a history like Asbury Park. I think a huge opportunity was lost by not going back to archival photos and designing things that looked like Asbury Park at it's height. Finally, it really disgusted me to see Gary Mottolo tell a woman that she couldn't walk her dog on the boardwalk? Who is he? Is he an officer of the law? No. --- In AsburyPark@yahoogroups.com, New Beetoap [EMAIL PROTECTED] wrote: --- In AsburyPark@yahoogroups.com, Gabrielle Obre gabrielleobre@ wrote: I don't get where you are coming from. Do you live here? Own property here? you haven't been here is several months? if you haven't been here is several months, whats your gripe and what do you care? you sound like one of those freaks on APP boards curiously bent on badmouthing AP. Y, you sure don't 'get it' that's a fact, glad you cleared that up. I've read your/that attitude in this group before, that anyone not local or in the clique gets no credibility. Thats the problem with AP, too many small minded people not willing to take advice or learn from others experiences. I don't need to be there, or own a house there, or come down often, to care. There are millions of people like me and we have money to spend to go to interesting unique places. Don't you realize that just the name Asbury Park is recognized by millions ? When years of hype have been spent and years of supposed rebuilding done, don't you see how your reality doesn't match the advertized product. AP is a product you know, and it's not what was advertized. You obviously haven't been enjoying it here. i have, and i am not alone. I am sorry AP isn't bringing you pleasure or a return or whatever you are looking for. i moved here because i love it. still do, with all its imperfections. i am more in love all the time. that doesn't mean i don't think the budget should be looked at etc..but love is more in spite of than because of. Contrary, I had a good time, my comments were about the environment and the treatment its getting. Along with the lack of meeting expectations. That bandshell building is a perfect example. You have a building that is authentic space age '60s and it survived as originally designed until your developers got a hold of it and ruined it. If you dont see the destructive effects on your own attractions then I can't explain it to you. I also mentioned the container buildings and the fact that all the real buildings are just stuccoed over like a generic strip mall. There are not 'imperfections' these are major mistakes. AP had so much potential but chose, or allowed, a low standard of rebuilding. Get out of town and see what good design and treatment looks like in other places. come down. ill meet you for a tea, drink, tour of our beautiful unfinished little city. No thanks, I think we would just get into an argument. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: OMG - WTF - Again !
The city council, but it feels like they are under the MM spell. --- In AsburyPark@yahoogroups.com, sandpiper15 [EMAIL PROTECTED] wrote: --- In AsburyPark@yahoogroups.com, Jack Pitzer hinge98@ wrote: MM is getting away with it because nobody is putting pressure on them to explain what happened. That seems to be the common thread in many different frustrations and controversies. So whose responsibility is it to call them out? And whose responsibility is it to call THOSE people out for not calling MM out? Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: OMG - WTF - Again !
--- In AsburyPark@yahoogroups.com, Jack Pitzer [EMAIL PROTECTED] wrote: MM is getting away with it because nobody is putting pressure on them to explain what happened. That seems to be the common thread in many different frustrations and controversies. So whose responsibility is it to call them out? And whose responsibility is it to call THOSE people out for not calling MM out? Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: OMG - WTF - Again !
Hey Jack, Buy an old house in AP and use your dollars to bring it back to its historical past. Its easier to have balls with someone else's money. Dan --- In AsburyPark@yahoogroups.com, Jack Pitzer [EMAIL PROTECTED] wrote: The city council, but it feels like they are under the MM spell. --- In AsburyPark@yahoogroups.com, sandpiper15 sandpiper15@ wrote: --- In AsburyPark@yahoogroups.com, Jack Pitzer hinge98@ wrote: MM is getting away with it because nobody is putting pressure on them to explain what happened. That seems to be the common thread in many different frustrations and controversies. So whose responsibility is it to call them out? And whose responsibility is it to call THOSE people out for not calling MM out? Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: OMG - WTF - Again !
So, because it's other people's money means it's ok to do sneaky things like eliminate a historic band shell, and allow ugly, pedestrian architecture. I didn't realize life was that simple and without accountability. --- In AsburyPark@yahoogroups.com, dsher4 [EMAIL PROTECTED] wrote: Hey Jack, Buy an old house in AP and use your dollars to bring it back to its historical past. Its easier to have balls with someone else's money. Dan --- In AsburyPark@yahoogroups.com, Jack Pitzer hinge98@ wrote: The city council, but it feels like they are under the MM spell. --- In AsburyPark@yahoogroups.com, sandpiper15 sandpiper15@ wrote: --- In AsburyPark@yahoogroups.com, Jack Pitzer hinge98@ wrote: MM is getting away with it because nobody is putting pressure on them to explain what happened. That seems to be the common thread in many different frustrations and controversies. So whose responsibility is it to call them out? And whose responsibility is it to call THOSE people out for not calling MM out? Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: OMG - WTF - Again !
No, obviously everyone is entitled to their opinion. And in some cases the suggestions are good. I'm just pointing out that i have noticed a trend on this board. Generally, the people who have put a lot of time and money into their homes in the town are cautiously optimistic while those who don't, do the most complaining. I think the group that has invested time and money realizes that things take time because they have experience with that in their own places. --- In AsburyPark@yahoogroups.com, Jack Pitzer [EMAIL PROTECTED] wrote: So, because it's other people's money means it's ok to do sneaky things like eliminate a historic band shell, and allow ugly, pedestrian architecture. I didn't realize life was that simple and without accountability. --- In AsburyPark@yahoogroups.com, dsher4 dsher4@ wrote: Hey Jack, Buy an old house in AP and use your dollars to bring it back to its historical past. Its easier to have balls with someone else's money. Dan --- In AsburyPark@yahoogroups.com, Jack Pitzer hinge98@ wrote: The city council, but it feels like they are under the MM spell. --- In AsburyPark@yahoogroups.com, sandpiper15 sandpiper15@ wrote: --- In AsburyPark@yahoogroups.com, Jack Pitzer hinge98@ wrote: MM is getting away with it because nobody is putting pressure on them to explain what happened. That seems to be the common thread in many different frustrations and controversies. So whose responsibility is it to call them out? And whose responsibility is it to call THOSE people out for not calling MM out? Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: OMG - WTF - Again !
Well someone 'gets it' ... --- In AsburyPark@yahoogroups.com, wernerapnj [EMAIL PROTECTED] wrote: Gab, Your missing a very significant aspect of Asbury Park. Many people have never been here yet follow the news and care about the City. Its reasonable to have expectations based upon the news hype thats put out. Most likely you have not followed the workings here as long as others who may not even live here ? By all accounts this entire redevelopment should be completed by now. Thats what the public was/is told. Is it any wonder that a visitor is disappointed by shipping containers, vacant lots, monotonous architecture and little to show for all the hype? Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: OMG - WTF - Again !
Good point. I've never really thought about it that way as I'm merely a renter. When I complain about the boardwalk, I do it just on an esthetic level combined with my desire to see our AP boardwalk really stand out, which I don't think it currently does. It's really not wonderful enough to be labeled a destination in my opinion because it still looks like a work in progress, and we've had so much wasted time pass by. --- In AsburyPark@yahoogroups.com, dsher4 [EMAIL PROTECTED] wrote: No, obviously everyone is entitled to their opinion. And in some cases the suggestions are good. I'm just pointing out that i have noticed a trend on this board. Generally, the people who have put a lot of time and money into their homes in the town are cautiously optimistic while those who don't, do the most complaining. I think the group that has invested time and money realizes that things take time because they have experience with that in their own places. --- In AsburyPark@yahoogroups.com, Jack Pitzer hinge98@ wrote: So, because it's other people's money means it's ok to do sneaky things like eliminate a historic band shell, and allow ugly, pedestrian architecture. I didn't realize life was that simple and without accountability. --- In AsburyPark@yahoogroups.com, dsher4 dsher4@ wrote: Hey Jack, Buy an old house in AP and use your dollars to bring it back to its historical past. Its easier to have balls with someone else's money. Dan --- In AsburyPark@yahoogroups.com, Jack Pitzer hinge98@ wrote: The city council, but it feels like they are under the MM spell. --- In AsburyPark@yahoogroups.com, sandpiper15 sandpiper15@ wrote: --- In AsburyPark@yahoogroups.com, Jack Pitzer hinge98@ wrote: MM is getting away with it because nobody is putting pressure on them to explain what happened. That seems to be the common thread in many different frustrations and controversies. So whose responsibility is it to call them out? And whose responsibility is it to call THOSE people out for not calling MM out? Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: OMG - WTF - Again !
--- In AsburyPark@yahoogroups.com, Gabrielle Obre [EMAIL PROTECTED] wrote: As for AP not being finished...I am simply in no position to judge anyones timeline. i don't know many people who are. and i have too much fun here to care. about timelines. I am a fan of slow growth whether it is planned that way, or the universe steps in and forces it Not Caring...Having Fun...Well that explains your attutude. Titanic ...Band Playing Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: OMG - WTF - Again !
--- In AsburyPark@yahoogroups.com, Gabrielle Obre [EMAIL PROTECTED] wrote: As for AP not being finished...I am simply in no position to judge anyones timeline. i don't know many people who are. and i have too much fun here to care. about timelines. I am a fan of slow growth whether it is planned that way, or the universe steps in and forces it Not caring, Having fun.. OK that explains your attutude. Titanic - band playing.. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: OMG - WTF - Again !
--- In AsburyPark@yahoogroups.com, Gabrielle Obre [EMAIL PROTECTED] wrote: I don't get where you are coming from. Do you live here? Own property here? you haven't been here is several months? if you haven't been here is several months, whats your gripe and what do you care? you sound like one of those freaks on APP boards curiously bent on badmouthing AP. Y, you sure don't 'get it' that's a fact, glad you cleared that up. I've read your/that attitude in this group before, that anyone not local or in the clique gets no credibility. Thats the problem with AP, too many small minded people not willing to take advice or learn from others experiences. I don't need to be there, or own a house there, or come down often, to care. There are millions of people like me and we have money to spend to go to interesting unique places. Don't you realize that just the name Asbury Park is recognized by millions ? When years of hype have been spent and years of supposed rebuilding done, don't you see how your reality doesn't match the advertized product. AP is a product you know, and it's not what was advertized. You obviously haven't been enjoying it here. i have, and i am not alone. I am sorry AP isn't bringing you pleasure or a return or whatever you are looking for. i moved here because i love it. still do, with all its imperfections. i am more in love all the time. that doesn't mean i don't think the budget should be looked at etc..but love is more in spite of than because of. Contrary, I had a good time, my comments were about the environment and the treatment its getting. Along with the lack of meeting expectations. That bandshell building is a perfect example. You have a building that is authentic space age '60s and it survived as originally designed until your developers got a hold of it and ruined it. If you dont see the destructive effects on your own attractions then I can't explain it to you. I also mentioned the container buildings and the fact that all the real buildings are just stuccoed over like a generic strip mall. There are not 'imperfections' these are major mistakes. AP had so much potential but chose, or allowed, a low standard of rebuilding. Get out of town and see what good design and treatment looks like in other places. come down. ill meet you for a tea, drink, tour of our beautiful unfinished little city. No thanks, I think we would just get into an argument. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: OMG - WTF - Again !
--- In AsburyPark@yahoogroups.com, Jack Pitzer [EMAIL PROTECTED] wrote: Good point. I've never really thought about it that way as I'm merely a renter. Renter's have rights. Renter's are taxpayers via their rent. That's why you get a homestead rebate. Renter's have a right to vote in their town where thet rent, if they are registered. Some of the world's richest people are renter's. More bang for the $ or just more flexibility. Renter's may become homeowners in the town where they rent. Renter's some really care about the home they rent and their neighborhood. Some good renter's keep lazy landlords on their toes (myself as a lazy landlord example...) Thanks for the merely a renter phrase. I was looking for a lead topic for my monthll newsletter on RentLaw.com but over all the topics I came up with, this one could be the best. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Zoning Board Agenda ??
Anyone see an agenda for tonights meeting ?? There is none on the City Website (typical) Werner Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Check out Shipping Containers Could Be'Dream' Homes for Thousands
_Shipping Containers Could Be'Dream' Homes for Thousands - AOL Small Business_ (http://smallbusiness.aol.com/article/_a/shipping-containers-could-bedream-homes/20081013163509990001?icid=200100125x1211422425x1200702386) **New MapQuest Local shows what's happening at your destination. Dining, Movies, Events, News more. Try it out (http://local.mapquest.com/?ncid=emlcntnew0002) [Non-text portions of this message have been removed] Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: OMG - WTF - Again !
Okay, but Jack's original post to which I was responding was complaining about (along with some aesthetic issues) the lack of adherence to agreements. He mentioned the bandshell. Apparently (according to Maureen's tape of the council meeting several weeks back) MM/Partners or some derivation thereof was supposed to, as part of the WRA, have at least started to restore the bandshell to working order by this summer. That hasn't happened and doesn't look like it ever will. So there's an example of a promise made and broken with, apparently, no explanation for the citizenry on whose behalf the city signed the WRA. I don't think this is about being ballsy with someone else's money. If in fact the economic downturn has caused a delay in construction, that's perfectly legitimate and understandable. But why can't the developer send a representative to the council meeting and explain to the council, with the citizenry listening, why that delay is happening and what the company is doing to address it? Instead, Werner asks a perfectly legitimate question and is rebuffed (by Sammett was it?) with some obfuscation about plans being supplanted and no visible effort on the part of the council to demand a public explanation from MM/Partners. Remember also that, unless I'm mistaken, the WRA doesn't stipulate that once all the pavilions and the Casino are rebuilt and making money that MM donate them all back to the city and leave town like some good Samaritan. Unlike an individual homeowner, this is a multimillion dollar company with dozens of develoments throughout the country. They're in town to make money - lots of it - for a very, very long time. And if they do, it will be because the city (again, on behalf of the citizenry) provided them that opportunity. So why doesn't MM/Partners show as much deference toward their hosts as the hosts have shown toward them? Everyone who lives or owns a business in Asbury Park has the right to expect the city council to hold MM/Partner accountable when it comes to signed agreements, regardless of whether they rent or own. --- In AsburyPark@yahoogroups.com, dsher4 [EMAIL PROTECTED] wrote: No, obviously everyone is entitled to their opinion. And in some cases the suggestions are good. I'm just pointing out that i have noticed a trend on this board. Generally, the people who have put a lot of time and money into their homes in the town are cautiously optimistic while those who don't, do the most complaining. I think the group that has invested time and money realizes that things take time because they have experience with that in their own places. --- In AsburyPark@yahoogroups.com, Jack Pitzer hinge98@ wrote: So, because it's other people's money means it's ok to do sneaky things like eliminate a historic band shell, and allow ugly, pedestrian architecture. I didn't realize life was that simple and without accountability. --- In AsburyPark@yahoogroups.com, dsher4 dsher4@ wrote: Hey Jack, Buy an old house in AP and use your dollars to bring it back to its historical past. Its easier to have balls with someone else's money. Dan --- In AsburyPark@yahoogroups.com, Jack Pitzer hinge98@ wrote: The city council, but it feels like they are under the MM spell. --- In AsburyPark@yahoogroups.com, sandpiper15 sandpiper15@ wrote: --- In AsburyPark@yahoogroups.com, Jack Pitzer hinge98@ wrote: MM is getting away with it because nobody is putting pressure on them to explain what happened. That seems to be the common thread in many different frustrations and controversies. So whose responsibility is it to call them out? And whose responsibility is it to call THOSE people out for not calling MM out? Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: OMG - WTF - Again !
--- In AsburyPark@yahoogroups.com, sandpiper15 [EMAIL PROTECTED] wrote: Communication is key in any business. MM, Partners and the City are not very good at PR. I think a simple monthly update in some basic form would go along way. Of course, people will file every piece of paper and underline every word of that communication- but at least everyone has something to look at. Look at when major companies issue forecasts for the upcoming quarter or year - projected earnings. In reality, they are a joke. Why? If x, then y, else oops (error statement). There is no accountability for the oops in the earnings statements. The CEO isn't usually canned, the analysts blames the CFO for for not providing accurate info, the CEO blames the economy or natural disaster and life goes on. So they lower expectations for next year. Why? That way you hit the target and everyone's happy. In project management, you make sure you goals that are attainable - even weeks in advance. That's how you get promoted, regardless of how much the project cost. You can plan for 30 days, get it done in 20 days and play cards for 10 days. Do we tell them it only took 20 days - or come in on target? Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Why isn't it done yet...
Go down to AC. Lots of stalled and dead projects. You know what this town could use? Another casino Ad add for the Pinnacle (where they knocked down the sands...) Guess what, they were right. IF they start, won't be done til 2013... Lots of excess rooms (at least now) - revs down 15-40%. Be curious to see when the ESP rolls back out what their timetable is. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: OMG - WTF - Again !
Lots of expectations ??? AP has been advertizeing ITSELF for years. Perhaps it should have been - 'Come on down, we're no where near finished, messed up a perfectly beautiful beachfront with cargo containers and stucco. Thanks for visiting, Condos will not be finished in your lifetime. I repeat, I did have a good time, thats different from meeting expectations. --- In AsburyPark@yahoogroups.com, Gabrielle Obre [EMAIL PROTECTED] wrote: I understand that people with lots of expectations and inflexibility are going to be disappointed and dissatisfied a lot. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Looking back at the Crystal Ball.....
In May 2005, Greenspan warned of the bubble. We added some of our (my own) research into a short article on RentLaw.com and featured the following book: How to Profit from the Coming Real Estate Bust: Money-Making Strategies for the End of the Housing Bubble Written in 2003 Of course when you walk through the bookstore or browse online, you think there's a title for everything that should be common sense - how to get married in 21 days or less or 5,000 books on how to cook italian like your jewish mother... So playing armchair qb, the summary from Amazon (the next best thing on the net) is as follows: --- From Publishers Weekly Positing that the longer-lived an economic expansion, the deeper the resulting recession, Rubino (Main Street, Not Wall Street) argues that the housing bubble, like other investments, will soon pop. He explains that as stock prices fell in 2001, housing became the safe bet for American investors; but the very factors (i.e., low interest rates) that helped the housing boom will soon change directions. In such chapters as Bubbles: Past, Present, Future, Foreign, Rubino lays out the last century's history of real estate ups and downs, both throughout the U.S. and in other countries. From here, with handy graphs and charts, he sets out a clear course for homeowners and investors to plan for the future. His solution? He recommends shifting into reverse, financially speaking, and doing the opposite of what worked in the in 1990s. One way to effect such a reversal is, basically, to convert riskier investments into cash (e.g., money markets, bank CDs, and Treasury notes). While Rubino paints a worrisome picture of the future, he does offer readers useful tools and solid plans for preparing for it. Copyright 2003 Reed Business Information, Inc. Product Description The housing bubble is about to burst. Are you ready? While the rest of the economy teeters on the edge of recession, home sales are booming and home prices are surging. Can this continue? Not a chance. The housing market is hot because Americans-- apparently convinced that the good times will never end-- are borrowing record amounts of money to buy ever-larger homes. And we've learned to treat our existing homes like piggy banks, borrowing against our home equity to maintain our lifestyles. This boosts the economy but causes us to incur debts that will soon force us to stop spending. The result will be a deep recession, complete with declining home prices and a collapse in the value of housing-related stocks. And that's the optimistic scenario! With mortgage, corporate, and government debt soaring, the bursting of the housing bubble might set off a chain reaction that wreaks 1930s-style havoc on stocks, the dollar, and real estate. In clear, easy-to-understand terms, this book shows how real estate has become the latest in a long line of financial bubbles, how the bubble is likely to burst, and how you can both protect yourself and make money as the drama unfolds. You'll also learn: * Why all cash is not equally safe * Why gold will soar as the dollar falls * Which stocks will be casualties of the housing bust, and how to profit from their collapse * How to ensure against-- and even profit from-- a decline in the value of your home Whether you're worried about the value of your home, your stock portfolio, or your bank account, you'll find answers here. You can't stop what's coming, but you can turn it to your advantage. - Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Looking back at the Crystal Ball.....
--- In AsburyPark@yahoogroups.com, oakdorf [EMAIL PROTECTED] wrote: In May 2005, Greenspan warned of the bubble. He should have, he was the biggest contributor to it by holding rate too low for too long Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
