July 05, 2007

Here's what housing crash desperation looks like

Thanks HP'er E.B. for the pic.

Got any funny ones send 'em in folks...

Next Desperate Homedebtors will be hiring these guys themselves to move their dead weight



14 comments:

bozonian said...

Ha! So that's what that is. Many of the houses around here have a "Make Offer" sign.

However, I'm afraid the sellers would punch me out when I offer 50% so I'll have to wait awhile. I want the true gravity of the situation to sink in before I deliver the coup de grace.

I thought maybe one could test the waters by making an offer anonymously by email. That way if you offend the seller you can come back later when things are worse and they won't think, "This is the same butthead who tried to lowball me last month". People do irrational things when you insult them.

Anonymous said...

Man that sign spinner is good!

Anonymous said...

Sure, I do. Check these mui creative flippers in Miami coming up with a new excuse to get out of their f-d units: too many panhandlers around the hood. I checked public records and that building is full with resetting ARMs and flippers who bought units in 2005 and 2006. Oh man, it's going to be sooo ugly! Check the entire story here; we believe them *wink wink*:

http://tinyurl.com/2wyj6e

Anonymous said...

I offer 50% of what it was "worth" last year

michael said...

that house (i think) is in vienna va. my wife and i saw it yesterday. that general neighborhood has been turning over the past few years.

there are huge brand new 5000 sqft homes just down the street.

still alot of greater fools in the northern va area.

(point of post is do not let that sign fool you).

Anonymous said...

Folks should parallel the CDO market and offer 30% (at most) of last year's price.

Anonymous said...

"still alot of greater fools in the northern va area."

Agreed. And, do people not read or do any research before making a major purchase?

In any event, it probably won't sell- but if it does, there will be about 15-20 illegals living there.

Finally, they probably want 500-700K for that dump- I'd pay 50,000 for it.

Anonymous said...

On the video - $3.39 per gallon.

Wait, that's Chewie in Long Beach, California! Woohoo! YES! I know that guy!

Anonymous said...

Wait, everyone said that DC is different....But 703 area code is Northern Va/ DC burbs.

Anonymous said...

Saw a beter picture of this die-off protected potato farm for 65,000 in verdant season

Anonymous said...

That's the problem with that pic - FSBO, not using a realtor!

armed said...

Talk about wasted talent. He could double his take selling flowers.

Chris said...

It's already happening in the DC area. It's taken longer because of the heavy gov't spending, but NoVa is ripe for a serious housing downturn.

Check out this blog for more info. Not my site - Harriet does a great job of presenting the pulse of the local housing mkt in this area.

http://novabubblefallout.blogspot.com/

Anonymous said...

If there are really some nicer houses around I would offer just the lot value minus the cost of tearing down the house, which is not worth anything.