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HFT Pays: Citadel's Griffin Buys Palm Beach Oceanfront For $80 Million

Tyler Durden's picture





 

While 88% of hedge funds underperformed in 2012, no doubt relying on tried and true analysis of fundamental valuation, macro-economic trends, and flows (as opposed to a 12-inch ruler), it would appear one young chap by the name of Ken Griffin is doing rather well. As Bloomberg reports, the Citadel LLC fund founder (now gated since 2009) just purchased his second luxury oceanfront property in Palm Beach Florida in less than two months. In fact, Griffin bought the two lots for a total of $79.6mm. The compact-and-bijou house of a mere 6,055 square feet was built in 1988 and previously sold for $29mm in May 2011, was Zestimated at $33.75mm (by Zillow), meaning Mr. Griffin only 'overpaid' by a mere $8mm as he snipped it up a smidge under $42mm. The grander house, of a perfectly reasonable 9,111 square feet previously sold for $20mm in May 2000, was Zestimated at $21mm, and was bid at $38mm by the deal-making Citadel founder. It seems, given Citadel's 21% return through November, that being the Fed's alleged willing HFT-router-of-last-resort in times of 'market' need, has its handsome rewards - though all that sand would just get annoying.

Seems ok...

 

40 Blossom Way - looks like a clean up is in order...

 

50 Blossom Way - could be worse we guess...

 


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Sat, 01/05/2013 - 19:12 | Link to Comment Stackers
Stackers's picture

Thats nothing. Google Ed Bosarge of Quantlab Financial and his super sailboat yacht and WWII airplane collection

http://www.quantlab.com/

"Quantlab is a dynamic, technology-driven firm supporting a large-scale quantitative trading operation"

Sat, 01/05/2013 - 19:29 | Link to Comment kliguy38
kliguy38's picture

Maybe he will feel safe there, but it didn't work out for some

http://abcnews.go.com/Blotter/jeffry-picower-madoff-billionaire-found-de...

Sat, 01/05/2013 - 19:33 | Link to Comment Michaelwiseguy
Michaelwiseguy's picture

I was going to buy that, but it had termites.

Sat, 01/05/2013 - 19:56 | Link to Comment Careless Whisper
Careless Whisper's picture

Termites don't matter. Those two houses on Blossom Way were bought to be torn down. Yup, I think they're "tear-downs". Mister Bigshot now has plenty of land to build a decent size cottage worthy of the neighborhood, and that would be about 30,000 or 40,000 square feet. The neighbor to the north at 50 Blossom Way has a house that's 30,000 square feet on 4 acres. Mister Bigshot has a little more than 4 acres with the two lots, and it is a really good location.

Sat, 01/05/2013 - 20:33 | Link to Comment AldousHuxley
AldousHuxley's picture

0% state income tax is why many rich buy and declare residency in Florida.

Sat, 01/05/2013 - 22:36 | Link to Comment ToNYC
ToNYC's picture

FL 0% state income tax is all they can charge to live with the dead.

Sun, 01/06/2013 - 01:30 | Link to Comment CharlieSDT
CharlieSDT's picture

When the revolution comes, I will send my CV in to be head executioner for all of these motherfuckers.  That would be one 9-5 I'd go to with a smile on my face every day.

 

www.singledudetravel.com

Sun, 01/06/2013 - 02:16 | Link to Comment francis_sawyer
francis_sawyer's picture

Gilligan's Island

Sun, 01/06/2013 - 03:48 | Link to Comment AlaricBalth
AlaricBalth's picture

Here is a fun fact. In Florida, the public owns the beach seaward of the median high water line, which means the wet sand. Anything that usually gets covered at high tide is public property.

What that means is any Joe Schmo can hike on down the beach and stake out a good spot with an ice filled cooler of beer right behind this house. If you notice on the lower picture, there is a line of dark seaweed, which is the high water line. From there to the ocean is public property. The only problem is access. You can't exactly cut through the guys yard to get there and the nearest access way is about 2.5 miles down the road.

However, if we all piled into my boat, we could drop anchor behind Griffins house about 10 yards offshore and then wade up to the beach. What fun!!

Any takers?

By the way, on some days, surfing in the area is pretty good. There is a nice break south of the Palm Beach Inlet.

Sun, 01/06/2013 - 08:00 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Don't these crazy bastards know that whole area is about to be underwater soon?

 

We'd get Current TV on the job.....but uncle Al sold it to the terrorists.

Sun, 01/06/2013 - 09:21 | Link to Comment CPL
CPL's picture

Let's break it down.

 

  • Florida coastline.  Might be still there in ten years.
  • Age of the buyer.  He's not buying it to retire, he's buying it for a slow motion investment fraud.
  • Mark to Market is gone, the insurance company has to honour the buyer price and ignore market for insurance.
  • Who is the buyer, some guy that works at the equivalent of air traffic control for Insurance companies.  While everyone around him might not have insurance, I bet a beer he's got insurance on it.
  • When, he's going to retire soon and is probably broke so 80 million under some insurance swap scheme would make for a nice payday.

 

There is more money investing in florida beach property to have the Atlantic wash it away for the insurance than there is to flip it.  Buying an 80 million dollar home in Florida...LOL.  Pieces of the state can't be sold for a grand for a house and lot.  Beach front or otherwise...

 

Whoelse has just bought worthless, yet over priced, real estate and then connect the dots.

Sun, 01/06/2013 - 19:09 | Link to Comment mirac
mirac's picture

I expect southern Florida to disappear in the near future.  Same with New Orleans.

Sun, 01/06/2013 - 19:11 | Link to Comment mirac
mirac's picture

I'm with you AlaricBalth.  Give him time to move in, and then I'll get some Patrone and it's marguaritas for everybody!

Mon, 01/07/2013 - 09:22 | Link to Comment sbfeibish
sbfeibish's picture

Thank you.  I always wondered why no one bothered me when I'd jog along the beach past private enclaves.  (South Beach parking to Spanish River Boulevard / NE 40th Street Boca Raton)

Tue, 01/08/2013 - 12:31 | Link to Comment AlaricBalth
AlaricBalth's picture

I know the place. Used to run up the beach and then through Spanish River Park.

Sun, 01/06/2013 - 05:38 | Link to Comment Deacon Frost
Deacon Frost's picture

He is involved in credit derivatives also

Sun, 01/06/2013 - 09:33 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Well.....it is the future....at least that's how it was explained to me.

Sat, 01/05/2013 - 21:28 | Link to Comment booboo
booboo's picture

At closer glance it appears the last tramp at the pool left her tits on the deck and yes them shit boxes are getting demolished. The mercs need at a minimum of 2000 s.f. just for their gear.

Sun, 01/06/2013 - 04:48 | Link to Comment AlaricBalth
AlaricBalth's picture

And they are going to need earplugs. His lots are practically underneath the flight path of airport traffic at PBIA. Trump's Mar A Lago is just North of these properties and when planes go overhead, which is frequently, the noise is quite loud. Any old time Palm Beacher will tell you that if you buy South of Worth Avenue you cannot hear yourself think at times. It has always been said on the island that the smart money buys North of Worth.

Mon, 01/07/2013 - 10:25 | Link to Comment sbfeibish
sbfeibish's picture

We were thinking about a place (the Atria?) just across the border in Lake Worth.  1983? I guess I'm the dumb money.  Would appreciate your email address.  I've registered westpalmbeach.in, wpb.info.

Tue, 01/08/2013 - 12:26 | Link to Comment AlaricBalth
AlaricBalth's picture

Are you referring to the Atrium? Or the Atria Meridian in Lake Worth?

alaricbalth@gmail.com

Sun, 01/06/2013 - 01:55 | Link to Comment Diogenes
Diogenes's picture

So he overpaid by $25 million for 2 houses on a flood prone spit of land. So he can tear them down and build something really expensive. That he can't buy flood insurance on.

What does this tell us about his ability to make shrewd financial decisions? So did he make all that money because he is a really good trader? Or because the game is rigged?

Sun, 01/06/2013 - 02:13 | Link to Comment economics9698
economics9698's picture

What does this tell us about his ability to make shrewd financial decisions?

He understands it's worthless paper.

So did he make all that money because he is a really good trader?

He knows something about trading. 

Or because the game is rigged?

If he is acceptable to the tribe that certainly is worth a lot of $$$$$$$$$$$$.  Ask JP Morgan, he certainly was acceptable.

Sun, 01/06/2013 - 02:20 | Link to Comment francis_sawyer
francis_sawyer's picture

Coconuts are the currency on Gilligan's Island... Until the jews arrive... Then it will be debt based "paper coconuts"...

Sun, 01/06/2013 - 09:22 | Link to Comment CPL
CPL's picture

He's running the Florida property insurance scam.  The 80's were full of them.  No tricks like the old tricks.

Sun, 01/06/2013 - 09:47 | Link to Comment Bob
Bob's picture

I wonder if he's arranged for a goodly portion of the "price" to be kicked back to him now that he's booked the insurance value.

Sun, 01/06/2013 - 09:54 | Link to Comment CPL
CPL's picture

In florida, it would not be the first time that has happened.

 

When property values collapsed in the 80's there were shit loads of scams uncovered in Florida of the property variety.  Florida is fun.  It's cheap...even cheaper in a financial collapse.

Sun, 01/06/2013 - 10:23 | Link to Comment Disenchanted
Disenchanted's picture

 

"Ask JP Morgan, he certainly was acceptable."

 

Are you saying Citadel and Griffin front for the same entity that JP Morgan did?

 

 

The reason that the European Rothschilds preferred to operate anonymously in the United States behind the facade of J.P. Morgan and Company is explained by George Wheeler, in Pierpont Morgan and Friends, the Anatomy of a Myth, page 17:

 

"But there were steps being taken even now to bring him out of the financial backwaters--and they were not being taken by Pierpont Morgan himself. The first suggestion of his name for a role in the recharging of the reserve originated with the London branch of the House of Rothschild, Belmont’s employers."38

 

Wheeler goes on to explain that a considerable anti-Rothschild movement had developed in Europe and the United States which focused on the banking activities of the Rothschild family. Even though they had a registered agent in the United States, August Schoenberg, who had changed his name to Belmont when he came to the United States as the representative of the Rothschilds in 1837, it was extremely advantageous to them to have an American representative who was not known as a Rothschild agent.

 

Although the London house of Junius S. Morgan and Company continued to be the dominant branch of the Morgan enterprises, with the death of the senior Morgan in 1890 in a carriage accident on the Riviera, John Pierpont Morgan became the head of the firm. After operating as the American representative of the London firm from 1864-1871 as Dabney Morgan Company, Morgan took on a new partner in 1871, Anthony Drexel of Philadelphia and operated as Drexel Morgan and Company until 1895. Drexel died in that year, and Morgan changed the name of the American branch to J.P. Morgan and Company.

Sun, 01/06/2013 - 12:51 | Link to Comment walküre
walküre's picture

 with the death of the senior Morgan in 1890 in a carriage accident on the Riviera

How convenient. The old Morgan was probably not in favor the Rothschild's plans. I'd like to see a movie made on that.

Mon, 01/07/2013 - 06:19 | Link to Comment Disenchanted
Disenchanted's picture

A sympathetic portrayal of the Rothschilds out of Hollywood. Imagine that.

Sun, 01/06/2013 - 11:15 | Link to Comment alfred b.
alfred b.'s picture

 

     No, I think that you mean that termites are on the way in!

 

Sat, 01/05/2013 - 20:56 | Link to Comment ball-and-chain
ball-and-chain's picture

It's good to be the king.

I'm still paying off my tennis shoes.

http://www.angrysinner.blogspot.kr/2013/01/saturday.html

Sat, 01/05/2013 - 19:08 | Link to Comment ar01
ar01's picture

Tyler: why isn't there a Zerohedge hedge fund yet? 

Sat, 01/05/2013 - 19:20 | Link to Comment JPM Hater001
JPM Hater001's picture

ZHG seems to be a completely free ticker.

Sun, 01/06/2013 - 00:56 | Link to Comment The Gooch
The Gooch's picture

I love the smell of Napalm (beach) in the morning!

ZHG!

Shareholders meetings would be legendary mayhem.

 

Sun, 01/06/2013 - 01:09 | Link to Comment economics9698
economics9698's picture

ar01 

 

Zero Hedge was founded in January 2009.[1] Posts are signed "Tyler Durden," a character in the Chuck Palahniuk book and movie Fight Club,[2] reflecting the news site's activist posture.[1] Despite speculation that "Tyler Durden"

is a pseudonym of Daniel Ivandjiiski,[2][3] 

who was penalized for insider trading in New York in September 2008,[4] Ivandjiiski denies being a founder of Zero Hedge.

Rather, he says he is one of several writers contributing to the site under the pseudonym.  In an interview, "Durden" said there were four editors at Zero Hedge[1] but another editor says there are up to 40.  Editors have experience in various areas of finance and operations, differing from journalists who become experts about finance as they write about it, but have no practical work experience in the sector.  The online newspaper publishes anonymously to protect the editors from retaliation for dissident speech.  Durden maintains this protects its integrity, objectivity and independence, as well. Durden cites the First Amendment to the United States Constitution and a 1995 U.S. Supreme Court case, McIntyre v. Ohio Elections Commission,[1] which upheld anonymity as a right of free speech.

Sun, 01/06/2013 - 09:56 | Link to Comment CPL
CPL's picture

"We will start the shareholders meeting all in favor say "aye...fuck you bernake."

"AYE...FUCK YOU BERNAKE!"

Sat, 01/05/2013 - 19:09 | Link to Comment Getting Old Sucks
Getting Old Sucks's picture

SANDY!  COME BACK!

Sat, 01/05/2013 - 19:12 | Link to Comment GMadScientist
GMadScientist's picture

FIDEL! GET FRISKY!

Sat, 01/05/2013 - 20:21 | Link to Comment Yen Cross
Yen Cross's picture

 The real question is, does he have any handguns? I'm sure our friends @ The Journal News, a Gannett Co. are more then willing to help us out.

  This is a Liberal "WET DREAM"...  You missed the <sarc> you dumbassed junkster!

Sat, 01/05/2013 - 19:17 | Link to Comment gimli
gimli's picture

He needed the extra lot to store all the gold and silver he's been stacking

Sat, 01/05/2013 - 19:18 | Link to Comment DutchR
DutchR's picture

I don't know, but, it's not a bad place to be found dead, right?

Anyway, is't there a turtle nesting ground to be found around 'his' place, nest egg protection.....

 

 

Sat, 01/05/2013 - 19:19 | Link to Comment slyhill
slyhill's picture

It is still legal to launder money via real estate transactions.

Sun, 01/06/2013 - 01:04 | Link to Comment sablya
sablya's picture

Maybe he bought and sold that property 80 million times in the past 24 hours and ended up overpaying like a jacka$$....lol.

Sat, 01/05/2013 - 19:23 | Link to Comment JohnG
JohnG's picture

Sonofabitch.

Sat, 01/05/2013 - 19:24 | Link to Comment SeventhCereal
SeventhCereal's picture

Yes he paid 80 mill.  But when you pay 80 mill someone benefits from that.  Much better to get the land for free.

Sat, 01/05/2013 - 19:25 | Link to Comment SeventhCereal
SeventhCereal's picture

Ken is good at what he does, he should be admired for taking money from schmucks.

Sat, 01/05/2013 - 19:32 | Link to Comment KingTut
KingTut's picture

I'd agree, if HFT were legal.  It's not, and the authorities just look the other way.  Maybe they're hoping to get invited to the house he builds after demoing these two dumps.

Sat, 01/05/2013 - 19:38 | Link to Comment SeventhCereal
SeventhCereal's picture

Sorry, someone scalping a few pennies here and there is not going to move the markets especially when the buys offset the sells.

Sat, 01/05/2013 - 20:47 | Link to Comment KingTut
KingTut's picture

A few pennies per share and large lots a few thousand times a second does move markets.

And when it moves they ring the cash register a few thousand times per second.

That's why he can buy bulldozer bait for millions.

Sun, 01/06/2013 - 09:27 | Link to Comment CPL
CPL's picture

Yeah but running any type of large priced insurance fraud in Florida is a HUGE red flag.  

 

Florida:  Disney, Retirees and property scams.

Sat, 01/05/2013 - 19:44 | Link to Comment BattlegroundEur...
BattlegroundEurope2011's picture

"Never buy property which sits at sea level"

 

Sat, 01/05/2013 - 20:27 | Link to Comment TruthBeforeAll
TruthBeforeAll's picture

From the look of those high water marks, maybe, at times, below sea level.

Sun, 01/06/2013 - 00:41 | Link to Comment ItsDanger
ItsDanger's picture

LOL.  Thought the same from that picture.  Tide looks like it reaches the tree line.

Sun, 01/06/2013 - 04:01 | Link to Comment AlaricBalth
AlaricBalth's picture

And sometimes in Palm Beach you wake up with a freighter behind your house.
http://www.numa.net/wp-content/uploads/2013/01/Mercedes-wreck-300x206.jpg

Sun, 01/06/2013 - 09:29 | Link to Comment CPL
CPL's picture

Note it in the listing as a guest beach house.

 

Remember, this is Florida we are talking about.

Sat, 01/05/2013 - 19:52 | Link to Comment Yen Cross
Yen Cross's picture

 Who "coined" the term { Fortress Reserves}?  It sure as hell wasn't  Jamie  pukebarf  Dimon. It sure as hell wasn't Fortress Energy Inc. (TSX:FEI)

Sat, 01/05/2013 - 19:56 | Link to Comment espirit
espirit's picture

We here in the Sunshine State know where the rich bitchez live.  Most beachfronts are accessible by boat. 

Sun, 01/06/2013 - 10:16 | Link to Comment GMadScientist
GMadScientist's picture

Most boats are sinkable with a finite number of holes.

Sat, 01/05/2013 - 20:02 | Link to Comment Lokking4AnEdge
Lokking4AnEdge's picture

He bought the wrong side of A1A.....the other side has the boat docks....I guess he is not a boat man.....oh well.....

Anyway-I am sure he does not need to buy Hurricane insurance...the federal government insures by default all the water front properties....

Sat, 01/05/2013 - 20:07 | Link to Comment Lumberjack
Lumberjack's picture

And I thought the sea level was rising...

Sat, 01/05/2013 - 20:07 | Link to Comment ABG LINE
ABG LINE's picture

I bet alot of "Quote Stuffing" goes on in there, hehehe.

Sun, 01/06/2013 - 10:20 | Link to Comment GMadScientist
GMadScientist's picture

Here Quote Here Quote

Sat, 01/05/2013 - 20:35 | Link to Comment Racer
Racer's picture

Now if that big chunk of the Canaries on the other side of the Atlantic was to say slide off, that will happen some unknown day, how much of them would be left after the tsunami? ROFL

Sat, 01/05/2013 - 20:34 | Link to Comment devo
devo's picture

Florida sucks. You couldn't pay me to live in that place (unless there were hot sluts all over).

Sat, 01/05/2013 - 21:18 | Link to Comment Cabreado
Cabreado's picture

"You couldn't pay me to live in that place (unless there were hot sluts all over)."

Pack yer bags, devo... yer movin'.

Sat, 01/05/2013 - 23:59 | Link to Comment devo
devo's picture

*Sings the Jefferson's theme song*

Sun, 01/06/2013 - 01:19 | Link to Comment eatthebanksters
eatthebanksters's picture

Tampa and south is the land of the best titty bars in the world.

Sun, 01/06/2013 - 11:20 | Link to Comment Vooter
Vooter's picture

Gee, set the priority bar any lower and we'll have to bury it...

Sun, 01/06/2013 - 02:02 | Link to Comment The Gooch
The Gooch's picture

"This one time we went up to Florida..."

Sun, 01/06/2013 - 09:36 | Link to Comment CPL
CPL's picture

http://www.collegemagazine.com/editorial/2225/Top-10-DTF-Colleges

Looks like you are clear for landing devo, the dirty whore per capita is number four in a nation of 340 million.  Pardon it appears Florida is competing for the entire top ten of gutter tramp places of higher learning.

 

And of course a listing of the places you are going to enjoy the quiet solitude of Jerkins hand lotion.

http://www.collegemagazine.com/editorial/2104/The-Top-10-Most-Sexually-R...

 

Please note that Florida isn't on that map.

Sun, 01/06/2013 - 11:17 | Link to Comment Vooter
Vooter's picture

There probably are hot sluts all over the place--and I still wouldn't live there. A Florida address--no matter how nice--says one thing, and one thing only: I AM TRASH.

Sat, 01/05/2013 - 20:42 | Link to Comment Sutton
Sutton's picture

Naples is so much better.  That's where my 80 million dollar house is.

"behind every great fortune there  is a crime"

Sat, 01/05/2013 - 21:43 | Link to Comment slaughterer
slaughterer's picture

Calling Scarface... we have a mission for you.   

Sat, 01/05/2013 - 23:01 | Link to Comment Yen Cross
Yen Cross's picture

I never tire when Scarface is being screened. Tony Montana, is the consumate capitalist!

Have you ever watched the original Scarface?  Scarface (1932 film) - Wikipedia, the free encyclopedia

Sun, 01/06/2013 - 02:44 | Link to Comment Freddie
Freddie's picture

No. The people in Naples are nicer because they are usually midwesterners and the rich ones usually had factories and actually built things.   The ocean on the east coast is better and the climate is better.  Naples is more humid.

Ken Griffin grew up in Boca Raton.  Jupiter Island is a lot nicer but Palm Beach are for those who like to socialize in the winter.

Any thing out of Chicago is crooked.

Sun, 01/06/2013 - 10:19 | Link to Comment GMadScientist
GMadScientist's picture

Enjoy those bath salts!

Sat, 01/05/2013 - 21:37 | Link to Comment Yen Cross
Yen Cross's picture

 It's fairly safe to assume we have the "lower ranks" of our \Armed Forces/ on our sides.

 The banksters were a " formidable foe" back in the 40's. U.S. and New Zealand tested top secret 'tsunami bomb' during WWII — like something out of 'James Bond' - NY Daily News

 

     LONG  Bunker( banker) Busters!

 

 

Sun, 01/06/2013 - 02:00 | Link to Comment The Gooch
The Gooch's picture

I believe "Banker Busters" is a new meme.

It's the helicopter quid to BenKevin's quo.

Sat, 01/05/2013 - 22:36 | Link to Comment q99x2
q99x2's picture

Think if I sent him my address he'd send me enough for a burger?

Sun, 01/06/2013 - 01:09 | Link to Comment ebworthen
ebworthen's picture

What's the address again?

Sun, 01/06/2013 - 02:21 | Link to Comment Dre4dwolf
Dre4dwolf's picture

By the time they make HFT illegal, the criminals would of bought out congress, O - Wait..... never-mind.

Sun, 01/06/2013 - 02:44 | Link to Comment Tom Green Swedish
Tom Green Swedish's picture

Used to walk buy this guys building everyday.  He's got statues with bitches with wings and their heads cut off.  Fucked up.  Oh well.

Sun, 01/06/2013 - 10:17 | Link to Comment GMadScientist
GMadScientist's picture

Son of a son...

Son of a son...

Son of a son of an asshole.

Sun, 01/06/2013 - 10:23 | Link to Comment Earl of Chiswick
Earl of Chiswick's picture

overpaid? perhaps but prime Ocean front properties in Sunny Florida saw the market bottom in summer 2010 and in many locals prices have started to surpass the peak levels of 2005-2007. And it makes sense as the .01% have more money than ever and hard assets vs. fiat

Sun, 01/06/2013 - 11:12 | Link to Comment Vooter
Vooter's picture

What exactly do these people DO with all that space? Run from room to room shouting "Mine...mine...mine!"? It's pretty pathetic--especially when they obviously have plenty of money to burn. Why not at least pretend that you're secure about yourself, buy a modest house that your family can live in happily and comfortably, and then quietly enjoy your good fortune? Instead, these people almost invariably go out and desperately throw cash at gigantic palaces and estates. For what? Yes, yes, I know...because they can. Sorry--insecure trash with billions of dollars in the bank is still insecure trash...

Sun, 01/06/2013 - 12:22 | Link to Comment markar
markar's picture

"Why not at least pretend that you're secure about yourself, buy a modest house that your family can live in happily and comfortably, and then quietly enjoy your good fortune? "

 

Because they wouldn't be narcissistic sociopaths.

Sun, 01/06/2013 - 12:48 | Link to Comment zebrasquid
zebrasquid's picture

He didn't build that.

Sun, 01/06/2013 - 13:09 | Link to Comment roadhazard
roadhazard's picture

LOL, Palm Beach is not even the place to be anymore for the uber rich, Boca Raton is the New Palm Beach. Sucker.

Sun, 01/06/2013 - 13:45 | Link to Comment Downtoolong
Downtoolong's picture

Why on earth would anyone want to become a doctor, engineer, chemist, physicist, biologist, teacher, fireman, policeman, or anything that adds real value to other people’s lives when the really big money is clearly in capturing, controlling, manipulating, raping, pillaging and plundering the financial markets. Yes, that would be the same markets that we all invested our life savings in because we trusted them to be safe and fair. At least that’s what the people who are doing the raping, pillaging and plundering always told us.

Sun, 01/06/2013 - 14:56 | Link to Comment Earl of Chiswick
Earl of Chiswick's picture

bored out of your skull on a Sunday

why not take advantage of America's complete and total disregard for privacy

between the County Clerk and County Appraiser along with Google it is all there

e.g. in Palm Beach County the appraiser's site is here  http://www.co.palm-beach.fl.us/papa/Asps/papagis/papagis.aspx

type in an address e.g. Blossom Way

click the address number and presto there's the satelite view of the property and in the sidebar on the left all sorts of info

and the map is interactive and clickable so if you zoom out and see a property you might be interested in just click on it

of course if the owner is hiding behind an LLC or cryptically named trust and you want more info just go to the Clerks site and search under land records http://www.mypalmbeachclerk.com/officialrecords/search.aspx

enter the exact name of the entity and up pops all sorts of interesting and useful information, which with google can lead anywhere

 

and if you go down the rabbit hole far enough (remember Palm Beach is Hamptons south) there is no telling what you find (this completely unrelated to the Griffin story) - does the name Seth Tobias ring any bells for you long time CNBS viewers?  pre Zero Hedge

http://nymag.com/news/features/43914/

 

Sun, 01/06/2013 - 22:13 | Link to Comment Ned Zeppelin
Ned Zeppelin's picture

Look no further: Florida's unlimited homestead exemption in the event of bankruptcy.

Do NOT follow this link or you will be banned from the site!