Monday, May 19, 2008

This is an Excellent Time to be a Repo Man!

I'm a Repo Man. by ~Otto-parts

Just in time for National Dog Bite Prevention Week, I'm heading out to a dog behavior class this evening, but I thought this article was worth posting rather than leaving as a comment link:

So many people have so many things they can no longer afford. This is an excellent time to be a repo man.

When a boat owner defaults on his loan, the bank hires Jeff Henderson to seize its property. The former Army detective tracks the boat down in a backyard or a marina or a garage and hauls it to his storage area and later auctions it off. After nearly 20 years in the repossession business, Mr. Henderson has never been busier.

“I used to take the weak ones,” he said. “Now I’m taking the whole herd.”

More from the NYT's Economic Tide Is Rising for Repo Man

15 comments:

Ogg the Caveman said...

Murst!

Hmm. Maybe I should get into flipping boats.

Edgar Alpo said...

I plan to buy a boat and an RV cheap within ten years. If I can't get both for under $10k then forget it. I saw an audacious yellow boat on a tandem axle trailer with a "for sale" sign on it yesterday. I whipped around and went back to have a closer look. the price? $24,900. I almost fell off my bicycle from laughing so hard. We have a long way to go.

Akubi said...

Didn't someone have a boat or RV or something in a driveway where a homeless dude mowed the lawn or something?
I am pleased to announce I broke this story much earlier than CR - and to think some people don't realize this is a Serious Financial Blog...

Shrimp Boat said...

Oh, so this is the plate of shrimp: http://bp0.blogger.com/_UeizlLP32VQ/SDEHFXoUTuI/AAAAAAAAHd8/zWCV45oG0RM/s1600-h/Toilet_Fishing_05_by_adamrobertson.jpg

Mitchell said...

I am reminded of an icon of 80s Australian advertising, Solo Man in his kayak (now available in interactive Flash). What happens when Repo Man shows up to take the kayak away? Repo Man versus Solo Man!

Which reminds me: Kungfu Election. (I didn't post that one already, did I? I'm losing track...)

Mitchell said...

Evidence of the antiquity of the repo profession (I think it says "Sator, the repo man, grabbed the opera rosters.")

OK, enough nonsense for one day

Edgar Alpo said...

Didn't someone have a boat or RV or something in a driveway where a homeless dude mowed the lawn or something?

That's my plan. If I ever become homeless then I will have a backup abode at the ready. I wouldn't drive it much, or very far. If I get some land I could live in it while I work my spread.

Akubi said...

@Mitchell,
Too bad I'm stuck at the looser W-2, because that Kungfu Election game looks like a lot of fun.

@Edgar,
Here's the boat I had in mind.

Edgar Alpo said...

I could live in that boat if I could run an extension cord from the house to my window A/C. :P

Akubi said...

Probably more appropriate for the Cara Cakes thread: In essence, we're paying to make our country fatter, then paying even more to keep our alive as the health costs of obesity come due. It's insane.

Akubi said...

Diebold's "highly-classified" voting machine sofware uses an Access database! WTF?!!

Edgar Alpo said...

A person can get SS disability in this country for being fat or addicted to drugs. WTF??

Edgar Alpo said...

...the average loan amount more than tripled to $141,000.

Egad.

Akubi said...

A person can get SS disability in this country for being fat or addicted to drugs.
Seriously? I didn't know that...

...the average loan amount more than tripled to $141,000.
I can't ever imagine taking out that kind of loan for such depreciating assets. Insane.

BTW WTF is wrong with these people in Kentucky? I knew the primary was going to bad, but not this bad. Perhaps it's all that Appalachian inbreeding (just like Billary)...
Woohoo! Ms. Ugly Pantsuit wins over the uneducated, white racists! These well-informed voters should decide who our next prez should be. (Yeah, right.)

Edgar Alpo said...

Woohoo! Ms. Ugly Pantsuit wins over the uneducated, white racists! These well-informed voters should decide who our next prez should be...

She should be very proud that she is carrying the uneducated racist inbred wonderbread toothless welfare case vote. This country needs pain, and lots of it.