I’m not sure what exactly it costs to pay someone to go down to the steps, but this last one has been postponed probably every month since Jan 2009. That probably adds up. Then to have it sell for 450k as a pocket listing. That just seems like a lot of wasted time, money and energy, no? Different for investors who are there every day on multiple different properties where one or two out of the multitude they are checking actually goes. As you say, it is their job and they make a living doing it. Unfortunately, they flip for very high prices, raising comps and making it more difficult for normal people to buy at a decent price. That’s just the way it is. And it sucks for people like me and CAR.
