OCR,
The story hasnt just begun! It began about 4 years at the beginning of 2004 when things got completely whacked! I still stand by my comments that you mocked 100% and will be back on 12/31/07 to taunt you in return. There is NO WAY you will see “the 2300 sq ft model that was the basis of this thread from the outset sell at a price close to the low 400’s. End of story!”
I thought you were smart enough to realize that extraordinary low asking prices set on short sales are intended to bring offers to the table so the seller can at least find out what the bank will do?
Breeze,
I own my dream home that I have been in for about a decade with a very low mortgage locked in for 30 yrs well below 6%. Not that I’ll ever sell but it is still worth at least 2X what I paid. I could write a check today and pay it off if I wanted to. I also own 2 other very profitable businesses that provide most of my income completely unrelated to RE. RE commissions are nice but certainly not something I sit around waiting for.
All,
Those Joy Ct homes are ridiculous! Have any of you ever been in one? I have. They are huge McMansions in a lousy location overlooking a busy road, industrial parks and what looks like a swamp or toxic waste. Frankly, I cant believe that anyone ever bought one at any price.
SD R,
Thank you for being the voice of reason. I am as bearish as anyone. The big difference is that I (and you) understand how this plays out on a micro level. Things take time! Most of the folks out here as guilty of greed and impatience as the the FB’s who bought on the way up.
Patience Grasshoppahs! It’s coming….
Lastly, OCR a belated “Your Welcome” as I have provided you leads for some of the best material on your blog without taking credit.
