The Big Bang that Started Pamiko's Downfall

1211 Knox Ave N

2402 4th St S

2616 Cedar Ave

Post and photos by the Hawthorne Hawkman, although the photos first appeared on the Johnny Northside blog.  The three properties above were owned by Pamiko at the time of the photographs, and had been part of a lawsuit involving various partners who made up the numerous Dream Home LLCs.

POST IN PROGRESS - more hyperlinks to add back stories will be added later.

Physicists widely point to "The Big Bang" as a likely starting point for our universe, and although they can surmise the origins of the universe, there are two questions such a theory leaves unanswered:  1) Why did matter exist in the first place? and 2) What CAUSED the Big Bang?  We can measure up to the first few nanoseconds, but still are unable to fill in the gaps these conundrums leave us.

Likewise, NoMi blogs (more famously on Johnny Northside) have chronicled the downfall of Paul Koenig, Michelle Koenig, and their various LLC's - Pamiko, MCK Investments, and Marklee Construction.  However, we never really answered the questions of why Koenig was allowed to acquire so many properties in the first place (technically in the second place, since he screwed over north Minneapolis first with the Dream Homes and then through Pamiko).  Nor have we understood what was the spark that set off the 80-foreclosure powder keg.

Well, after finding a confession of judgment on the Dream Homes lawsuit (a previous JNS post chronicled much of that suit, but had not come across its conclusion), I now have a theory about what started Pamiko's foreclosures over a year ago.  Bear in mind, this is only a theory, and there may be equally valid theories out there - although I sincerely doubt "Intelligent Design" is one of them.

First, a brief history...

Dream Homes Are Made of This

Post and photos by the Hawthorne Hawkman. Above photo originally appeared on Johnny Northside.

About six years ago, Paul Koenig and David Kohlenberger concocted a plan to build hundreds of "Dream Homes" throughout the Twin Cities, but primarily in north Minneapolis. Approximately 80 such homes were built before a moratorium on new construction in north Minneapolis was put into place. For once, I can say, "Thank GOD they were committing fraud and lying to each other and their investors about the income streams associated with the properties." That helped put a stop to these housing atrocities.

As the Eurythmics song referenced in the tile says, "I've traveled the world and the seven seas." I've shoveled out homes that were filled with dirt in Honduras after Hurricane Mitch. I've been in huts made entirely out of cow dung in Tanzania. Don't even get me started on El Salvador. And never ONCE have I been inside a dwelling as dreary as a Dream Home. Pictures are after the link, if you dare...