June 23, 2013

Landlords from Hell settle for jail instead

Here’s a cheery story for you if you don’t like your landlord, as it will set things into a much better perspective.  Thanks very much to Burbed reader nomadic for alerting us to this development.

‘Landlords from hell’ accept prison terms for terrorizing tenants

130619-macys-mugshotsBy Lee Romney, Los Angeles Times, June 19, 2013, 2:45 p.m.

SAN FRANCISCO — A software engineer and his real estate agent wife who terrorized their tenants in a twisted attempt to force them to move are back after fleeing to Italy, and each has accepted a four-year prison sentence and two strikes rather than face trial, Dist. Atty. George Gascon announced Wednesday.

Nicknamed the "landlords from hell," Kip and Nicole Macy employed tactics "so outlandish and brazen" in attempting to clear their building of renters that "it sounds like the plot of a horror movie," Gascon said.

They each pleaded guilty to two felony counts of residential burglary, one felony count of stalking and one felony count of attempted grand theft. In custody on $2-million bail apiece, they are scheduled to be sentenced Aug. 22.

Kip Macy’s attorney, Lisa DewBerry, said the couple could have faced a maximum of 16 years in prison if tried on all charges.

130619-macys-sawBe sure to read the whole article, cataloging not only what the Macys were accused of doing to their tenants and their apartments, but also the part where they paid bail and fled the country for Milan and spent a year fighting extradition.

Don’t forget the power saw that popped up into one of the tenant’s floor without warning (the photo at left shows what happened when he whacked the blade with a nearby hammer).  There’s even accusations of email spoofing.  And here’s an older piece from Palo Alto Online when they were first hit with the charges; what’s interesting are the comments defending the Macys from the evil San Francisco tenants. Why, some of them read as if they were written from the perps themselves!  Why Palo Alto Online for a San Francisco story?  This caring couple lived in Palo Alto when they were accused of all these shenanigans. Kip was a software engineer and Nicole was… a realtard.

130619-macys-clementinaHere’s the building where all the fun took place. Don’t you want to go out and buy an apartment building in SF right now?

This is also your weekend open thread! How’s the renter life treating you? Is it awful enough to make you want to look at a bunch of Open Houses and overbid up the wazoo?  How about chatting up the other people at the Open House so you can spoof email saying they don’t want the property you’re trying to score? Hey, in a competitive market Insane Real Estate Bubble, the only way to win is to prevent everyone else from playing.

Comments (15) -- Posted by: madhaus @ 5:03 am

15 Responses to “Landlords from Hell settle for jail instead”

  1. Real Estater Says:

    Instead of terrorizing the tenants, they could have just raised the rent.

  2. very amused Says:

    You’re adorable.

  3. Petsmart groomer Says:

    You can’t really expect just anyone to know about rent control in the city by the bay.

    When I first saw the picture I thought it was meth-related.

  4. Real Estater Says:

    One has to wonder why so many people complain about high rents in San Francisco.

  5. SEA Says:

    #4- Can those fools complain about the “high price” of Apple, which is back below $400?

  6. nomadic Says:

    To further your education, #4, I hope you realize that not all rentals are subject to rent control.

  7. Real Estater Says:

    #6, To further my education, I should ignore the regulations as posted on the website?

  8. Petsmart groomer Says:

    > I should ignore the regulations as posted on the website?

    I suppose you could.

  9. SEA Says:

    #8- Message #39 in that thread certainly shows a level of compliance. (Read #36 through #39)

  10. SEA Says:

    “Rates on 30-year, fixed-rate home loans spiked 0.53 percentage points to an average of 4.46% this week — the largest weekly increase in more than 26 years, mortgage giant Freddie Mac said Thursday.”

    Source

  11. Real Estater Says:

    Rising mortgage rate is unlikely to affect home sales.

    Even as of a few years ago, the current mortgage rate would be considered a bargain. Buyer are advised to take advantage of the current rate before the “normal” rate returns. Good deals don’t last forever.

  12. SEA Says:

    How long ago did all the rentards of the world get “priced out forever?”

  13. madhaus Says:

    Curious article you shared, #11. Author basically says
    – It’s Special here
    – Sellers won’t budge. Funny. Did we just imagine 2009-11? We saw lots of budging.
    – Don’t think, buy!
    – Priced out forever, baby! Buy, buy, buy! Now, now, now!
    – Houses worth same as 10 years ago! Sink all your money in this amazing investment NOW because that means they’ll go up! (Previous results not guaranteed in future)
    – Don’t time the market, BUY NOW and make the Realtard rich.
    – If you wait, bad things could happen. So could go things but we don’t mention them.

  14. SEA Says:

    #13- But it is Special in the RBA!

  15. Real Estater Says:

    Similar conclusions from the Mercury News article:

    “While rising interest rates will reduce housing demand, rates would have to increase considerably more before the reduction in demand for home purchases would be substantial across the country,” Freddie Mac Chief Economist Frank Nothaft wrote.

    In fact, the higher mortgage rates may be leading to a rush to complete some home purchases, which could lead to even more multiyear highs for sales: The Commerce Department reported Wednesday that the number of contracts signed for home purchases in May hit a six-year high.
    “Some buyers will reconsider jumping into the market; others will speed up their (home) purchases before rates go higher,” Jed Kolko, chief economist at Trulia, told AP.


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