Browsing all posts in "housing bubble".
Over four months on the market but still no taker, you might ask why they are refusing to budge on the price when they paid a mere 14K for the place. I immediately thought, “ATM.”
One day during walk I peeked in the yard and a woman yelled from her truck, “You can go around the house and look. No one’s there.” I was curious – it was the first house in the neighborhood to drop below the half million mark. Continue reading →
Three years ago they paid over 700K.
Note that they are asking below the 2005 price. Continue reading →
Two years later, maybe break even after broker fees. Unlikely after almost 3 months on the market.
Culver City is cracking.
And this guy – dude, the year is going to wrap up with house unsold. Maybe it’s time to lower the price? Especially when you look at the last sale (Anyone else thinking HELOC from HELL?) Continue reading →
This neighborhood just to the south of the Holy Cross Cemetery has rather large homes priced on the high side. They are starting to see some cracks in prices up there, with homes priced below what they paid or bank-owned homes for which the bank is unlikely to make back its loan.
San Diego area house for sale:
Pretty nice-looking place, huh? Price doesn’t seem all that bad… Continue reading →
Just a brief update on Culver City, which has still managed to miss much of the carnage except on the condominium side.
UPDATE: The house sold finally at the end of July 2008 for 485K, a loss of almost 200K.
Update Dec 4 2007 – still holding at 799K 151 days into it – poor bag holder hasn’t a clue what he’s in for…
Located just on the outskirts of Culver City, the photos look like typical “after” shots from Flip This House with all the cliches…but did they mis-time the market?
The description says: “BUYER TO PROVIDE PRE-APPROVAL LETTER & PROOF OF FUNDS TO CLOSE BEFORE SCHEDULING VIEWING.” Continue reading →