Tag Archives: Florida

Housing Kool-Aid.

Continuing signs that the housing recovery has not begun, are reflected in existing home resales which fell in March by 2.6%.

In spite of distressed sales lagging February by 15%, they still amounted to 30% of all real estate deals in contract during the month. No, we are not even remotely near the beginning of a recovery. And, we still have another 3 million homes entering foreclosure in the next six months, which by the way, will account for 8.3 million children being misplaced (according to First Focus) due to foreclosure. Children don’t do well being yanked out of their neighborhoods and classrooms in the middle of a school year – or anytime, I suppose.

In addition, Homebuilder sentiment ebbed in April for the first time in seven months as prospective buyers remained hesitant to pull the trigger, the National Association of Home Builders said on Monday.

The NAHB/Wells Fargo Housing Market index slipped to 25 from 28 in March, shy of economists’ expectations for the index to hold steady at 28. The index has a long way to go to the 50 mark that indicates more builders view market conditions as favorable than poor. The index has not been above 50 since April 2006.

“What we’re seeing is essentially a pause in what had been a fairly rapid build-up in builder confidence that started last September,” NAHB chief economist David Crowe said in a statement.

“This is partly because interest expressed by buyers in the past few months has yet to translate into expected sales activity, but is also reflective of the ongoing challenges that are slowing the housing recovery – particularly tight credit conditions for builders and buyers, competition from foreclosures and problems with obtaining accurate appraisals.”

The single-family home sales component fell to 26 from 29. The gauge of single-family sales expectations for the next six months eased to 32 from 35, while prospective buyer traffic waned to 18 from 22.

In more good news, the overall foreclosure activity fell in the first quarter to the lowest level in more than four years, but mainly because the process of removing people from their homes has slowed. The number of homes just beginning the foreclosure process rose in March for a third straight month, another sign that the nation’s housing problems are far from over, according to RealtyTrac.

“The low foreclosure numbers in the first quarter are not an indication that the massive reservoir of distressed properties built up over the past few years has somehow miraculously evaporated,” said Brandon Moore, chief executive officer of RealtyTrac.

He said a large backlog of bank-owned properties that has accumulated over the past few years will put added pressure on the housing market when banks eventually list them for sale. “The dam may not burst in the next 30 to 45 days, but it will eventually burst, and everyone downstream should be prepared for that to happen,” he said in a news release.

New foreclosure filings, which indicate lenders are beginning the process of repossession, rose by 7 percent in March, the third straight monthly increase. Foreclosure starts topped 100,000 for the first time since November 2011, although they were 11 percent lower than a year ago. The 26 states that typically require a judicial review of a foreclosure saw the pace of filings pick up in the first quarter.

The year-over-year pickup in filings in the first quarter was highest in Indiana (up 45 percent), Connecticut (up 38 percent), Massachusetts (up 26 percent), Florida (up 26 percent), South Carolina (up 26 percent), and Pennsylvania (up 23 percent).

States with the biggest monthly increases in foreclosure starts included Nevada (up 153 percent), Utah (up 103 percent), New Jersey (up 73 percent), Maryland (up 53 percent) and North Carolina (up 47 percent).

Nationwide, the length of time it takes to complete a foreclosure continued to rise — to an average of 370 days in the first quarter from 348 days in the previous quarter. The process is picking up in some states, though. The average time to foreclose in California was 320 days, down from 352 days in the fourth quarter of last year.

The process in some states, though, is taking considerably longer. Foreclosures are taking the longest, on average, in New York (1,056 days), New Jersey (966 days), Florida (861 days), Illinois (628 days) and Maryland.

Great news for “squatters”, but not so good news for banks.

My solution has always been simple, and relatively cheap: The banks write-off the existing loans, then renegotiate new loans at today’s interest rates and current values, with the owners. That will solve 50% of the problem. The mortgage-holders who cannot pay even re-negotiated loans should be allowed to remain in those homes, and pay what they can in the form of rent while retaining title. They should be credited with the actual mortgage reduction component of their payments to-date, so that when the market does recover, the will have some equity to show for what they did pay, and should be required to do a financial review every year with their lender to determine a fair amount of rent. There are lots of ways the banks could address this issue without foreclosure, but that would require a different type of banker, and I don’t have high hopes.

In the meantime, for those of you who still think that prices have bottomed and the housing market is in recovery, you might want to think again. Permits are up but we’re not building. Interest rates are lower than they’ve ever been, but were not buying. Houses are being sold, but only as distressed properties. How long do you think this is going to go on? You won’t like my answer. I can hardly wait for the Q2 numbers.

 

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More Pressure on Home Prices.

Home Prices Seen Dropping 10% in U.S. in 2012.

A steal at $4.9m. Nick Cage‘s house in Las Vegas sold out of foreclosure.

As many as 1.25 million of America’s least cared for homes are headed for auction after a year-long probe into foreclosure practices kept them off the market.

Sales of repossessed properties probably will rise 25 percent this year from 1 million in 2011, according to Moody’s Analytics Inc. Prices for the homes could drop as much as 10 percent because they deteriorated as they were held in reserve during investigations by state officials resolved in February, according to RealtyTrac Inc. That month, 43 percent of foreclosures were delinquent for two or more years, from a 21 percent share in 2010, according to Lender Processing Services Inc. in Jacksonville, Florida.

$175K on the Intercoastal Bank-owned in foreclosure. Pool, Boat and Boat dock included.

“The longer a foreclosed home is in the mill, the bigger the losses,” said Todd Sherer, who manages distressed mortgage investments for Dalton Investments LLC, a Los Angeles-based hedge fund that oversees $1.5 billion. “We have a bulge of these properties coming through the system.”

Homes stockpiled less than a year sell for about 35 percent below the value set by lenders, according to a March 15 report by the Federal Reserve Bank of Cleveland. At two years, the loss is close to 60 percent. A surge of cheap foreclosures may erode prices in the broader real estate market, even as the economy expands and residential building increases, said Karl Case, one of the creators of the S&P/Case-Shiller home-price index.

“The question on these aging foreclosures is how many are going to be sold and affect prices and how many will be complete losses,” said Case, professor emeritus at Wellesley College in Wellesley, Massachusetts. “Depending on their condition, they could have a big impact on home prices.”

Lowell MA, Bank-owned in foreclosure on sale for $92,000.

The best measure of the influence foreclosures have on the broader market is the 20-city S&P/Case-Shiller home-price index that tracks deeds, including homes sold directly by banks and deals that don’t use mortgages, said Patrick Newport, an economist at IHS Global Insight in Lexington, Massachusetts. The index probably will fall 5 percent to 10 percent this year, a range that depends on the condition of the mothballed homes, he said. That compares with a forecast for a 2.9 percent decline by Celia Chen, a housing economist at Moody’s Analytics in West ChesterPennsylvania, and a prediction of a 3.9 percent decline by Diane Swonk, chief economist of Mesirow Financial Inc. in Chicago.

While foreclosures slowed, the wider real estate market improved. As banks held onto properties, the supply of homes for sale dropped to 2.3 million in December, the lowest since 2005, before rising 4.7 percent the following two months, according to the National Association of Realtors. Spurred by low inventory, building permits that signal future housing demand rose 4.8 percent in February, from the prior month, to the highest level since 2008, according to the Commerce Department.

“A lot of people look at bumps in the monthly data and say we’re reaching a bottom,” said Joshua Shapiro, chief U.S. economist at MFR Inc. in New York. “We won’t be there until this supply of foreclosures clears.”

The Tinley Park mansion formerly owned by Antoine Walker

The Tinley Park mansion that the former NBA star Antoine Walker lost in foreclosure is a steal at $1,000,000.

And the high-end is not immune. The latest foreclosure report from the Woodstock Institute shows that Chicago neighborhoods known for their trendiness have not been immune from foreclosure. Some of the neighborhoods that had the highest increases in foreclosure filings over the past year were the famous Loop district, which saw filings increase 76.7 percent, and the Near South Side, where filings were up 70.1 percent. Additionally, the Near West Side saw foreclosures rise 63.7 percent from the third quarter of last year. As a whole, foreclosures in Chicago rose 14 percent.

A quarter of homes in long-term foreclosure may need to be bulldozed, according to the Cleveland Fed’s report. About 500,000 foreclosures in the U.S. are vacant, according to a housing study Fed Chairman Ben Bernanke sent to Congress in January. Many of them are “badly damaged,” he said. Gloria Washington, 80, knows about dilapidated foreclosures first-hand. There are four of them on her block on the south side of Chicago. When she applied for a home equity loan last year to fix up her front walkway, she was turned down because her home’s value had plummeted.

Whether a foreclosed property is occupied or not, its value is deteriorating, said Tom Popik, research director for Campbell Surveys, a real estate data firm in Washington. The mortgage servicers that oversee the homes aren’t likely to do major repairs, he said. Residents probably would solve a problem like a leaky roof by nailing a sheet of plywood over it, Popik said. “They lack money — that’s why they’re in foreclosure –so maintenance isn’t going to get done, and that’s going to hurt the value of the house,” Popik said. “Many of them feel abused by the system and are going to strip the fixtures, the hot water heater and even the kitchen cabinets when they go.”

This $4 million Tampa, Fla beauty is foreclosed and on the market for $1.1 million.

Aging foreclosures also erode values in higher-priced neighborhoods, such as a community in Tampa, Florida, where properties sell for up to $500,000. A three-bedroom house with a double garage and a pool came on the market in January for $139,900 after being in foreclosure for almost three years, according to court records. When the case was finalized in December, the unpaid amount owed on the mortgage was $403,000, the records show. Not trivial, but not unusual.

In 2008 the same owner, a real estate investor, went through a foreclosure on a similar home located less than a mile away. In that situation, the foreclosure lasted six months, helping to preserve the value of the property. The house sold for $305,000 that same year and now is worth about $429,000, according to an estimate by Zillow Inc. (Z).

“You can easily strip $100,000 or more off the value of a property by letting it sit in foreclosure for an extended period of time,” said Dean Baker, co-director of the Center for Economic and Policy Research in Washington. “You’ve got to fill that home as quickly as possible.” In Ohio, $75 million of an estimated $335 million it received from the Feb. 9 settlement between state attorneys general and servicers will be used to tear down vacant foreclosures, the state’s Attorney General Mike DeWine announced the same day. Banks held back on processing home seizures during the probe to avoid potential liabilities. U.S. Representatives Marcia Fudge and Steve LaTourette, both from Ohio, last month said they would introduce a bill to provide $4 billion to issue 30-year bonds to demolish foreclosures.

This Paradise Valley home in Scottsdale, AZ is a $1.2 million foreclosure that was on the market for $4.3 million last April.

“Any homeowner knows that housing depreciates pretty rapidly if you don’t take care of it,” said Case, who created the index with Yale University professor Robert Shiller. “Some of the supply in the bin is going to have to be dumped.” The average price of a repossessed property has dropped 22 percent to $146,285 since 2008, according to RealtyTrac.

The age of the foreclosure backlog complicates 2012 price- forecasting, said Newport at IHS Global. The share of homes in the legal process of being seized was 3.5 percent in 2011 compared with 3.2 percent in 2010, according to CoreLogic Inc. in Santa Ana, California. Completed foreclosures fell to 870,000 in 2011 from 1.1 million a year earlier, the firm’s data shows. “We don’t know how much damage has happened to these homes,” Newport said. The properties “are going to have a lot of wear and tear in an already weak housing market.”

Even if the sale prices of long-term foreclosures affect the value of homes in the wider market, it’s still better to get rid of the properties as quickly as possible, said Stan Humphries, Zillow’s chief economist. “We deferred a lot of the pain of foreclosure during the post-robo-signing period,” Humphries said, referring to the fraudulent signing of affidavits that sparked the servicer probe. “Getting those homes onto the market and getting them sold is the only way through it.”

At least, there is an end in sight, assuming nothing else happens.


Flood Of Foreclosures On The Way.

The golden age for foreclosure squatters may soon be coming to an end now that the $26 billion mortgage settlement has been approved.

The settlement, agreed to by the nation’s five largest mortgage lenders, is expected to speed up the foreclosure process by providing stricter guidelines for the banks to follow when repossessing homes.

The banks involved include Bank of America (BACFortune 500), JPMorgan Chase (JPMFortune 500), Citibank (CFortune 500), Wells Fargo (WFCFortune 500) and Ally Financial.

Most foreclosures have been in limbo since fall 2010 following the so-called robo-signing scandal, when banks allowed employees to sign off on thousands of foreclosure documents a month with little verification. Lenders hit the pause button on foreclosures because they “were afraid that anything they did would be under a microscope,” said Eric Higgins, a professor of business at Kansas State University.

As a result, borrowers who were seriously delinquent on their loans have been able to stay in their homes for months, or even years without making a single payment. Nationwide, the average time it takes to foreclose on a home — from the first missed payment to the final bank repossession — stretched to 370 days during the first quarter, almost twice as long as it took five years ago, according to Daren Blomquist, the marketing director at RealtyTrac.

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Reporter Helps to Bring Down Steven J. Baum Foreclosure Mill the New York Times Susan Chana Lask Steven J Baum Joe Nocera Halloween party  real estate related mortgage related debt articles
I know who these ladies are. Don’t bother writing.

In some states, delinquent borrowers have been squatting in their homes much longer. In Florida, the average time was 861 days, and in New York it was 1,056 days — close to three years. “Perhaps a million foreclosures could have been pursued last year but weren’t,” said Rick Sharga, executive vice president for real estate investment company, Carrington Holdings.

But that’s all about to change, he said. “We’re going to see an increase in the speed of foreclosures and a higher number of foreclosure starts.” In fact, there are indications that the pace of foreclosures are already starting to pick up.

While overall foreclosure activity was down during the first quarter, filings were up 10% in the 26 states where foreclosures must undergo court scrutiny, according to RealtyTrac. It was in these judicial states that the processing of foreclosures slowed the most following news of the robo-signing scandal, said Blomquist. Many banks in these states stopped filing foreclosures unless they were extremely confident it would pass muster in the court. (In non-judicial states, foreclosures are reviewed by a trustee, which is a third party such as a title company and less likely to parse every legal document).

But now lenders can move more confidently, said Brandon Moore, RealtyTrac’s CEO.

In the judicial state of Indiana, for example, foreclosure filings were up 45% year-over year. And in Florida, they were up by almost 26%, according to RealtyTrac.

“The dam may not burst in the next 30 to 45 days, but it will eventually burst, and everyone downstream should be prepared for that to happen — both in terms of new foreclosure activity and new short sale activity,” Moore said in a statement.

The resulting flood could bring home prices down even further — yet another impetus for the banks to clear out their foreclosure pipeline as quickly as possible, said Kansas State’s Higgins.

Then, industry thinking is, the housing market would be able to get back to normal and home prices could eventually find their true value. Some industry analysts, such as the chief economist for listing site Zillow, Stan Humphries, are predicting that could happen as soon as the end of the year. Zillow estimates that home values nationwide will fall another 3.7% by the end of 2012, and that price will likely bottom out by early 2013. But, don’t hold your breath. We’re talking about 3 million homes in foreclosure, about to be in foreclosure or about to be bank-owned. I suspect this rush of inventory overhang will knock another 15% off the market, and the bottom won’t be seen until 2014. This is in keeping with Merrill-Lynch‘s earlier forecast just prior to the $26B banking free ride deal. So, if anything it could be 2015 before we hit true bottom. Hold onto those checkbooks, folks, there’s much more to come. 


Trayvon Martin and The New Black Panthers.

It’s complicated.
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Edward Wyckoff Williams, a columnist, political analyst for MSNBC and a former investment banker said recently that the tragic death of Trayvon Martin has ignited a firestorm of emotion across the country, in the African-Americancommunity and beyond. He says that at the heart of the case there are centuries-old ideologies about black masculinity and white fear. As I tried to point out in an earlier post, we are neurologically wired for defense of our tribe, and in the Trayvon Martin instance, George Zimmerman was defending his race against a perceived threat. The FloridaStand Your Ground” law and conceal carry permits, of course did much to help.
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Recently, a group named the New Black Panther Party offered $10,000 to anyone who makes a citizen’s arrest of George Zimmerman, the white Hispanic man who admittedly shot the 17-year-old Martin on the night of Feb. 26 in Sanford, Fla.Despite apparent evidence that the Sanford police were negligent in the handling of the case, they appear to be attempting to regain a forfeited moral high ground.
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In response to the New Black Panther Party’s bounty offer, the Sanford Police offered, “The city of Sanford does not condone the actions and recommendations of the New Black Panther Party,” in a statement. “Attempts by civilians to take any person into custody may result in criminal charges or unnecessary violence.”

Williams claims that this statement “offers insight into the death of Martin, the response of the police at the scene and an antiquated, discriminatory mindset that requires addressing now. If the Sanford police had exercised an equally balanced reaction to Zimmerman, as expressed in the statement to the New Black Panthers, Zimmerman would be behind bars today.”

Williams wonders “How can police sanction vigilante justice in the name of self-defense by Zimmerman against an unarmed child but condemn a response of “perceived” vigilante justice by the New Black Panthers? The double standard inherent in this inequitable response is solely defined by race.”

Williams is not alone. Most  African-Americans would say that in American society, the very potential for black aggression is immediately met with force and an admonishment to use caution and temperance. How is it they wonder, that Zimmerman is somehow excused for being rash, unreasonable and violent and that he and his family are deserving of more protection than a child walking home with Skittles and an iced tea?

Politicians, pundits and community leaders alike have expressed discontent with the methods of the New Black Panthers. Originally their quest was described as a “bounty” on Zimmerman’s head. A spokesman for the party has since clarified its intent not to use violence at all but simply to act as responsible citizens.Williams wants us to know that regardless of the veracity of the New Black Panther Party’s intent, actions or statements, the truth remains that vigilante justice is excused for white people in America but never for blacks. In fact, just days after the statement, Hasim Nzinga, a 49-year-old leader of the Panthers, was arrested on gun charges. This is in stark contrast to Zimmerman who, more than a month following Trayvon’s death, remains free and uncharged.
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Strange dudes. You must admit.
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He reminds us that the Ku Klux Klan committed violent offenses for more than a century and hardly ever facing prosecution. But black men are swiftly arrested for nonviolent offenses every day.

Williams says Martin, as described by Zimmerman in the 911 tapes, was “suspicious.” Why? Because, as Zimmerman claimed, he was “a black male.” Despite the suggestion of the lead investigator on the scene to charge Zimmerman with homicide and unintentional manslaughter, the police officers at the station chose to overrule that decision and let Zimmerman walk. In what universe does this happen?

Sanford issued a press release “requesting calm heads and no vigilante justice” in response to the Panthers. But vigilante activity has already occurred, the most direct result being the death of Martin, who, according to his English teacher was an “A and B student who majored in cheerfulness.”

The double standards around race in general and black masculinity in particular are deeply entrenched in old racial codes that have been reinforced by Hollywood, media images and false metanarratives for decades. And, anyone can understand how it must make Williams and all black men and women feel to know that they are still chained to the racial slavery of opinion that surrounds our culture today, just as it did 60, 200 and 400 years ago. That every time they step out of their homes, African-Americans are in some way a target for fearful and prejudiced whites, who may or may not be carrying guns.

But, it is equally true that by an order of magnitude, more black males commit violent crime than that of their white peers, so it may not be unwarranted that black males should arouse greater suspicion when, walking while black. Not reasonable, but maybe understandable.

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Looks like another guy who was majoring in cheerfulness. To me.
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But, Amadou Diallo‘s brutal death on Feb. 4, 1999 — just a day before Trayvon Martin’s birthday — ignited what then-president Bill Clinton called a “national dialogue on race.” Diallo, a Guinean immigrant, was killed after four plain-clothed officers fired 41 shots, though he himself was unarmed and had simply reached for his wallet. The officers were all acquitted. It seems America is in desperate need of more than a “dialogue” on race, but a moratorium on gun violence, racial profiling and the double standards inherent in our sociopolitical construct that correlates black male identity with criminality.
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When simply having brown skin while walking becomes a crime, then Jim Crow isn’t a thing of the past — it is a reality of 21st-century life.Tea Party activists attend rallies with guns openly displayed to underscore their intense desire to retain their rights provided by the second amendment, while marches for justice by African Americans are required to be nonviolent, yet garner significant police presence to ensure order.
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The problem with Zimmerman’s behavior and the police department’s failure to adequately investigate, detain and arraign is that such a failure sanctioned the very actions the police now claim to abhor. Had they answered Zimmerman with the response given to the Panthers, no need for consideration of “race” as a factor in law enforcement’s role would be necessary. Instead, police discarded the civil rights of an innocent child — at the word of a man with a criminal record — and by doing so engendered the very tactics of vigilantism against which they now claim to guard.
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To sanction vigilante justice in one instance is to open the door to unbridled violence in another. Without acknowledgment of that truth, there can be no justice.

Tribal Violence? We’re Wired For It.

The Neurobiological Theory That Explains Why Trayvon Martin Had To Die.

Several neurobiologists share a theory about why humans, are driven by greed, avarice and tribal fear. The theory is that the core of our brain is essentially that of the most primitive reptilian species, and evolved over millions of years in an environment defined largely by scarcity. Our primitive ancestors, these reptiles, not only had to forage for days before they found anything edible, when they found it they had to brace for the fight of their lives (literally) to defend their catch. They also found that their odds of survival were greatest when they joined like groups who could mount an even fiercer defense of their territory. Sort of like Gorillas, the American Indian, Tribal Bedouin, Greeks, The Aryan Brotherhood, Irish, Catholics, Crips and Bloods, The US Navy, Delta Chi, The Olympic Club and the E-Street Band.

The theory continues to posit that the layer wrapped around this reptilian core is a mammalian layer, which deals with issues like maternal concerns and social interactions, and then the next and final layer is the one that enables memory and abstract thought, the use of tools and the ability to understand mathematics, art and poetry. These last two layers evolved very recently, say in the last million years or so, and as such, are still in evolution. When faced with conditions that send signals to our old reptilian core, we blow right through the barely developed layers surrounding that core and respond as we would ten million years ago.

Humans are therefore programmed to acquire as much of the things that we perceive to be scarce and/or prohibited as we possibly can. Like sex, drugs, power, money, food, safety and celebrity.

Michael Douglas – Choate Alumni

This explains a lot. This explains why people who are smart in the conventional sense, were academically trained at schools like Choate Rosemary Hall, then Princeton and maybe Harvard, who were given an enforced moral compass, and who ended up on Wall Street and then were given what is essentially a large wheelbarrow and led to a room full of gold bars with nobody watching, simply stacked as many of those bars that could fit in that wheelbarrow, and then rolled it right out the door. After all, nobody was watching. When was the last time you did something illicit or illegal when no one was watching? I’ll bet it was yesterday.

This also explains why Politicians lie, cheat and steal for a chance at that most exclusive private club on the planet, the US Congress.

This explains why we have a dangerous and ever-growing obesity problem in this country. It explains why white people donned strange white hoodies and rode horses through black neighborhoods in the middle of the night burning crosses, lynching black men and raping black women, in 1875, 27 years after the slavery laws in this country were repealed for the second time in 1848. And, were still  doing it in the 1950s and 1960s.

This also explains bull fighting, the UFC, gladiators, cock-fighting, dog races, boxing, dog-fighting, football, war, and genocide. If we can’t do it, we damn well love watching someone else do it.

It explains the gun laws and the politics of paranoia. It explains political parties, Donald Trump, the NRA, the NAACP, the ACLU, Black Panthers, Malcolm X and Dr. Martin Luther King and his women. It’s how we organize and empower our families, our schools, our games, our businesses, our entertainment. It explains why being human is being human, and it also explains why a frightened, prejudiced young man by the name of George Zimmerman, followed and then shot and killed an unarmed, defenseless boy by the name of Trayvon Martin, as he walked home to watch the second half of a basketball game on TV.

It explains the Second Amendment to the Constitution, and the “stand your ground” law in the state of Florida, which allows anyone to carry a weapon and use it to inflict fatal harm on anyone they might perceive to be a threat to their person. At any time. For any reason. You go, Sarah, you go!

One of the neurobiologists who share this theory is Dr. Peter Whybrow, a British neuroscientist at U.C.L.A.

Dr. Whybrow says “The richest society the world has ever seen, has grown rich by devising better and better ways to give people what they want. The effect on the brain of lots of instant gratification is something like the effect on the right hand of cutting off the left: the more the lizard core is used, the more dominant it becomes. ‘What we’re doing is minimizing the use of the part of the brain that lizards don’t have,’ says Whybrow. ‘We’ve created physiological dysfunction. We have lost the ability to self-regulate, at all levels of the society.” And, he’s right.

This explains why you happily do whatever Goldman Sachs asks you to do in exchange for that $5 million bonus.  Sorry, G-Sax. You earned it.

It also explains The Tea Party, Big Macs, Paris Hilton, Newt Gingrich, 16 oz. Frozen Latte’s, Jesse James, Sarah Palin, John Gosselin,  Brooke Hogan, Americans for Prosperity, Kim Zolciak, Michelle Bachman, Blood Diamonds, Herman Cain, 50 Million Dollar Homes, Kim Kardashian and the whole cast of Jersey Shore.

It explains it all, but it doesn’t change the fact that Trayvon Martin’s Mother will never see her beautiful boy again.