Real Estate-Home for Sale-Wildomar, CA-can’t flip this house

by Dave on April 20, 2009

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Tagged as: Angeles, Bernardino, California, diego, estate, flip, flipper, For, home, homes, Los, Orange, real, realtor, realty, Riverside, sale, san

{ 25 comments… read them below or add one }

Anonymous 04.20.09 at 4:00 pm: Yep me too. Keep in touch.
Anonymous 04.20.09 at 4:00 pm: 3rd Q. 2009 - we still have a tsunami of foreclosures. after it hits the bottom starts appearing. but i hope your right, because your view is better news. peace…in the middle east.
Anonymous 04.20.09 at 4:00 pm: I am thinking 3rd quarter 2008.
Anonymous 04.20.09 at 4:00 pm: 2009 will be the start of the bottom. ta ta
Anonymous 04.20.09 at 4:00 pm: in action value u may pay more or less because its actual market. not a kinked contract based market. subprimes are kinked contracts. non qualidied people signed kinked contracts thereby creating an inflated market via loose lending
Anonymous 04.20.09 at 4:00 pm: You are speaking from an investor’s perspective, which only speaks for a small group. Think about it in terms of stocks-who sets the price in the stock market, Warren Buffett or Joe Schmoe from Idaho buying stocks online? There are a lot more Joe Schmoes, and that is how Buffett is able to buy great deals at the right times, and sell for great profits at the right times. Prices in markets are relative and reactive.
Anonymous 04.20.09 at 4:00 pm: But someone will buy it and pay the extra, because they determine value from a different perspective. Therefore, all home sales are not auction value based; prices are relative to the consumer’s motives.
Anonymous 04.20.09 at 4:00 pm: Okay that makes more sense to me than what Flow Lox said. And believe me, I have in no way said that the subprime loan market was a good idea.
“all home sales are auction value based, because values are fluid most of the time.” Not necessarily true. For instance, I may decide to buy a car on Ebay for $7,000. That same car may be available at the local dealer for $8,000.
Anonymous 04.20.09 at 4:00 pm: business 101 - increase only when demand is greater then the output. i don’t know where you are getting your data, but i can tell…get better data, it lacks perspective.

don’t increase input if demand is same or less - overstocked!
Anonymous 04.20.09 at 4:00 pm: sals price is a set price, value auctions is variable i.e. the actual value cost a market can bear. all home sales are auction value based, because values are fluid most of the time. there was no real market value - “kinked contracts” no qualify - the home value was ignored - refi x take free cash x dump house
Anonymous 04.20.09 at 4:00 pm: I am not sure what you mean by “No value auctions”
Subprime loans are new, and experienced surges and retractions since 1995. However, companies have increased prepayment penalties and down payment requirements to offset losses.
So to sum up, “there is nothing new under the sun-Ecclesiastes”, meaning, the home market will continue it’s upward march with regular corrections like the one we are experiencing now.
Anonymous 04.20.09 at 4:00 pm: It could also be defined as the situation in which an equal percentage increase in all inputs results in a greater percentage increase in output.”
Anonymous 04.20.09 at 4:00 pm: flow models assume a repeated scenario. repeated scenario requires economies of scale, but present scenario reveals no value auctions (sale value+cash back x no qualify = $ scam)
not in 100 (never in history) has so much $ been given on a “no questions” basis = creation of “new type” of Flow Cycle.
Anonymous 04.20.09 at 4:00 pm: I don’t think so. You have to look at the cycles over the last 100 years-I have 2 charts on my blog. One is for the historical home prices since the late 1800s. The other is for the interest rates. If you are as smart as I think you are you should discover a correlation.
Anonymous 04.20.09 at 4:00 pm: as i said…do it! but u can lose my number…its crazy to buy anything now. bottom won’t be till 2010 unless u live in fantasy land. LOL! good luck…but..
Anonymous 04.20.09 at 4:00 pm: This is the bottoming-out time period: now until summer. Example: open house I sat a few weeks ago-got 6 offers and the bank got to choose. Investors are coming out and starting to bite-see if you can find the monthly inventory of homes for sale in your area-when it shows a decrease that sustains for a few months, you know to buy.
Anonymous 04.20.09 at 4:00 pm: Well, I am not saying buy all the homes you can…unless you are very rich and can afford to buy multiple homes and hold them for a couple of years.
I’m saying if you are in the market to buy a home, now is a great time to get a bargain.
Anonymous 04.20.09 at 4:00 pm: ok have at it…buy all the homes u can. CRITICAL ERROR!
Anonymous 04.20.09 at 4:00 pm: Actually in my humble opinion and based on time-tested data, now is the perfect time to BUY but a not-so-great time to sell. The data shows that we should see the turn-around by the end of 08. “Buy now before the sale is over!”
Anonymous 04.20.09 at 4:00 pm: congradz! u found a fish! i’m not a hater and i’m glad u sold it. now as for the sucker who payed 349…LOL! just took a blood-bath of a loss. at least some are getten out with a profit. some win…most will lose. anybody buying now is a loser. good luck
Anonymous 04.20.09 at 4:00 pm: SOLD and closed escrow on September 21, 2007 for 335,000!
Anonymous 04.20.09 at 4:00 pm: SOLD for 335,000 -closed escrow on September 21, 2007. Originally listed for 349,000 and reduced to 339,000.
Anonymous 04.20.09 at 4:00 pm: i’ll pay 145K not a penny more. BUBBLES BABY!
Anonymous 04.20.09 at 4:00 pm: I knew there was no way this house sold at that asking price. I looked it up on the county records! This Realtor probably lost the listing that’s his definition of “sold”. He did not sell this house he is a lair!
Anonymous 04.20.09 at 4:00 pm: Thanks for your opinion. However, the house sold!

Real Estate-Home for Sale-Wildomar, CA-can’t flip this house

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