Yeah that owner’s situation isn’t looking good and I don’t know how they got somebody to pay those rents…way to high.

PB is an interesting market as many have held tight to their original listing prices. For those that have the room to discount their price by 10%-20% do it now and you still might get it sold quickly. Very apparent with condos as you might see 5 similar units in the same building listed at way to high prices but the one priced 10-20% lower sells fast even though I don’t know why anyone would buy today. Maybe psychologically it gives that buyer a feeling that they are getting a good deal even though they might take another 15-20% dive over the next 4-5 years.

I am also seeing a few that still think they can flip……