Lifestyles Real Estate sued by investors who loaned $1.46 million for projects in Costa Rica, Geo...

A trio of Watsonville produce shippers is suing Lifestyles Real Estate of Santa Cruz, alleging the company failed to pay back loans made three years ago totaling $1.46 million for two development projects. Read more
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Waaaa Waaaa

Santa Cruz, CA

#1 Oct 26, 2010
"had an established relationship of trust" with the Lifestyles agents. Yeah, nice, young & good looking guys. Who wouldn't invest a million with these guys. The "ol' boy" mentality prevails once again.

Lifestyle Boys...don't go joy riding AGAIN after a few drinks...remember what happened the last time. You were lucky!
Yeah

Wilmington, NC

#2 Oct 26, 2010
Yeah and DeDiego sued the hell out of the Indian dude who was driving. These slicksters were always acting so rich and better than everyone else, but they sued their friend and business partner and ripped these guys off. Good luck getting any money out of them now!
Waaaa Waaaa

Santa Cruz, CA

#3 Oct 26, 2010
Yeah, DeDiego used to be a "real" pleasant guy when he was a rookie. Then the big bucks changed him. Too bad. Now most real estate agents are in the s__t hole today. Time to come down to earth. And about time.
"sued their friend and business partner and ripped these guys off." Karma is catching up.
Anon4Now

San Jose, CA

#4 Oct 26, 2010
can anyone enlighten me about the "accident"?

Since: Oct 10

Santa Cruz, CA

#5 Oct 26, 2010
Oceanz 3 scammers?
Blotter Dave

San Francisco, CA

#6 Oct 26, 2010
The winner in this snafu is Costa Rica. They have been spared a giant cancerous luxury resort.
Skylar

United States

#7 Oct 26, 2010
I don't know any of them personally, I heard that a few years back they (4 guys) went out drinking to celebrate? The driver (the Indian guy they are referring)said he was fine to drive even though the other 3 wanted to take a taxi. He insisted and drove his new Mercedes S500 over 100 mph on a residential street, hit a grove of trees and flipped his car. Almost killed them all. Brian was I believe in a coma for a month or so, broken back, etc and almost didn't make it. Another guy was also badly injured and may have lost his eyesight in one eye. What they did in this story sounds a bit shady, but who am I to judge? The accident should not be any part of the story. What would YOU have done if you were in the car accident?
fabio

San Francisco, CA

#8 Oct 26, 2010
Whoever would trust a Mervyn's model to invest a pile of money must be out of their friggin mind.
Mommie

Tracy, CA

#9 Oct 26, 2010
Spank them all soundly, send them to bed. If they're naughty again, cut off their......
The poor one

Fremont, CA

#10 Oct 26, 2010
Local douch bag boys !!!!!!!!!! pete is not he is cool)
taxpayer

Pacific Grove, CA

#11 Oct 26, 2010
a contract is a contract,however, when will people learn that when someone is offering a huge return way above the going rates..it is fishy.

stop the racist comments toward white people regarding the indian. he was guilty so be it
taxpayer

Pacific Grove, CA

#12 Oct 26, 2010
Yeah wrote:
Yeah and DeDiego sued the hell out of the Indian dude who was driving. These slicksters were always acting so rich and better than everyone else, but they sued their friend and business partner and ripped these guys off. Good luck getting any money out of them now!
stop making racist comments toward white people..there is another racism happening in this country beginning with obama
Karma

Hayward, CA

#13 Oct 26, 2010
Hey Brian...Paul...Peter.... Andy...
I'm Karma... I'm a bitch.
You deserve this.
Sincerely.
You do.
Jim

San Francisco, CA

#15 Oct 26, 2010
This is what happens when when greedy (21%) investors meet slick (creepy & ignorant) real estate brokers. Do you really think these guys knew anything about property in Costa Rica and Georgia? No way! They deserve each other!
Aptos neighbor

Palo Alto, CA

#16 Oct 26, 2010
Chad Waters wrote:
Take it from me fellows, pay these guys back. Especially, the one from Serbia. Paul Locatelli, I am ashamed that you have soiled your family's local legacy. To all you local wanabee investors heed these words - lending money to a local Realtor/Developer is like lending money to a downtown transient. You'll never see it again. Nobody ever said that a good education wasn't expensive. On the flip side, most of the agents around these parts call Chico State or Cabrillo a good education. Come join me in Hawaii cause if I ever go back to Santa Cruz I'll be signing my death contract. The only reason the Wall Street guys got away with it is because they actually earned an Ivy League education and used some sophistication. Putting out cookies at your next open house, I learned, is not exactly sophisticated.
Wow Chad Waters do you have some cojones. You of all people to be pointing fingers. Shame on you - I was a Waters Fund Investor that lost $200K with your scam. You bought up everything in sight, kept the commissions and then ran to Hawaii with your plunder. You destroyed my family and so many others in Santa Cruz. You are right to stay off the mainland - there are alot of people that would love 15 minutes alone with you. Yeah I'd love to join you in Hawaii - please go ahead and forward me your address so we can make up for lost time - you filthy coward. You can run but you can't hide from Karma.
Blotter Dave

San Carlos, CA

#17 Oct 26, 2010
Uh like dude. Why don't you just buy a plane ticket and go talk to him face to face. Faking a post by some guy that left town, and then answering it yourself, is just weird. But then I just dropped 200 mics of vitamin L so what do I known about "weird".
26th guy

Watsonville, CA

#18 Oct 26, 2010
you all should wait to make judgement the facts are not out yet. not defending or accusing just wishing people wouldnt rush to judge
Barn Owl

Santa Cruz, CA

#19 Oct 27, 2010
Which Paul Locatelli? Is it the PL of BC and Felton, pharmacy and grocery businesses? A son or nephew? Who?
Local REALTOR

Scotts Valley, CA

#20 Oct 27, 2010
Wow, somebody invested in Real Estate and lost money, shocker. Nobody was complaining when the market was hot and the bucks were coming in but now they want to sue since they are going to lose money. Pretty common for our society now, every time something bad happens we try to find a scapegoat. I know all those boys and I guarantee none of them had any bad intent, the market just fell apart. I'll bet they lost their fair share too. Although I hope they didn't withhold facts or misrepresent the situation to thier investors or that would be inexcusable.
Bridge

San Jose, CA

#21 Oct 27, 2010
Jim wrote:
This is what happens when when greedy (21%) investors meet slick (creepy & ignorant) real estate brokers. Do you really think these guys knew anything about property in Costa Rica and Georgia? No way! They deserve each other!
It really does sound like someone is selling the ubiquitous bridge. They thought the money would keep flowing like many people did. They got in over their heads. Too ignorant to understand that it's all cyclical. It never lasts.

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