Go have some fun again, ask the realtors there if they'd consider an offer "substantially less" than the posted price. Ask 'em how business is. Ask 'em if all this silly "bubble talk" is driving 'em crazy
June 02, 2006
HP'ers - go hit some open houses and model homes this weekend and report back
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Keith, good job on that UCLA interview btw.
here's my model home report from Carlsbad/North County San Diego.
--$60,000 price reduction over the last 10 months and $20,000 additional in options plus $10,000 in lender incentive for La Costa Greens homes that were selling for $840,000 in 8/05.
I actually get more of a kick out of knowing that nobody is going to them.
Every time I call the listing agent on a property (to low ball), they are the owner broker, or sold it to the current flipper 5 months ago.
What I have found intersting is they do not disclose that the are the owner and listing agent until I ask.
"HP'ers - go hit some open houses and model homes this weekend and report back"...
No thanks... I'd rather let them sweat it out alone, than give them false hope!
"HP'ers - go hit some open houses and model homes this weekend and report back"...
No thanks, I don't want them thinking in their mind when I walk in saying to themself..." Is this a sucker who we can convince to buy today?"
In austin, new homes normally 500+ are for sale 50k off, with options. That's already 10%. Haven't seen much decrease from regular sellers, they are still holding out for top dollar, and some are getting it. Inventory is creeping up.
While the Rose blows along the River Brink, with old Khayyam the ruby vintage drink:
And when the Angel with his darker draught draws up to thee -- take that, and do not shrink.
From Omar Khayyam
Anybody know how much a 3 bedroom home in Bagdad, close to the green area and in a good school zone sells for in USD?
I'm thinking of investing heavly in bagdad real estate.
,,, Real Estate Investors watchout for this!!!
US homeowners see mortgage rates topping 8 pct
Fri Jun 2, 2006 3:24 PM ET
When investors are listing 20 year old hideous looking manufactured houses (trailors without wheels) in Cottonwood, AZ (2 hours north of Phoenix) for $240K, I am convinced of people's stupidity.
It's only a matter of the next recession to take these people out.
I'm thinking of investing heavly in bagdad real estate.
Actually, that would probably be very good investment (as long as you don't have to visit there personally for a few years). New Iraqi stock exchange (yes, they do have such) has also seen rising rapidly.
You see almost daily car bombs on TV but life goes on in Baghdad and business is booming.
"Buy low, sell high" is a good strategy. I doubt Baghdad RE is very expensive right now. Beirut RE was super hot 10 years after the civil war.
"You see almost daily car bombs on TV but life goes on in Baghdad and business is booming."
Saw a study that shows Baghdad is actually safer (deaths per 100K population) than Washington DC or Baltimore.
Stopped by Beazer Homes's Dallas sale office on Veteran Day and saw only the saleman sitting there by himself. No customer. They had apparently reduced their sale prices on all communities at least $5000 in the Dallas/Fort Worth area. In New Jersey, Delaware, etc., they were having to reduce prices anywhere from $50K to $150K http://www.beazer.com/72/default.asp?ic_campID=2
This does not look too good on my RE investments.
And the funny thing is the prices on these homes are even lower now then when they had this sale on Veteran day.
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