Home › Forums › Closed Forums › Properties or Areas › 1b/1b–HOA $380–Mira Mesa
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PadreBrian.
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April 9, 2009 at 2:21 PM #379120April 9, 2009 at 3:06 PM #379013
eyePod
ParticipantSince condos are usually managed by residents, then mismanagement = owner mismanagement (not an evil plot). HOAs are usually set too low by the builder to sell the condos. Especially in Calif many people just don’t want to pay. So when the community ages you can be in for some nasty surprises.
April 9, 2009 at 3:06 PM #379140ParticipantSince condos are usually managed by residents, then mismanagement = owner mismanagement (not an evil plot). HOAs are usually set too low by the builder to sell the condos. Especially in Calif many people just don’t want to pay. So when the community ages you can be in for some nasty surprises.
April 9, 2009 at 3:06 PM #378970ParticipantSince condos are usually managed by residents, then mismanagement = owner mismanagement (not an evil plot). HOAs are usually set too low by the builder to sell the condos. Especially in Calif many people just don’t want to pay. So when the community ages you can be in for some nasty surprises.
April 9, 2009 at 3:06 PM #378787ParticipantSince condos are usually managed by residents, then mismanagement = owner mismanagement (not an evil plot). HOAs are usually set too low by the builder to sell the condos. Especially in Calif many people just don’t want to pay. So when the community ages you can be in for some nasty surprises.
April 9, 2009 at 3:06 PM #378510ParticipantSince condos are usually managed by residents, then mismanagement = owner mismanagement (not an evil plot). HOAs are usually set too low by the builder to sell the condos. Especially in Calif many people just don’t want to pay. So when the community ages you can be in for some nasty surprises.
April 9, 2009 at 4:14 PM #378797
CoronitaParticipant[quote=svelte]What is up with the ONE photo attached to the listing?
A nice shot of a blank white wall and glimpse of a stove! If that’s the best of that condo, keep moving.
It looks like someone is in distress. Purse in the chair, car keys and cell phone thrown on the table over a myriad of paperwork and stats. It really looks like they said “That’s it, I’ve had it”, stood up, picked up their camera, walked around the table, snapped a photo, and decided to sell their POS.[/quote]
Well, the current owner did pay $264,000 for it 11/04 and is now selling for $84k. It seems like someone bought it 2/04 and was able to flip it for 50k in 9 months. It’s interesting that 1984 pricing places this at $65k.
Just seems kinda interesting that if you bought this in 1984 at $65k and sold it now for $84k, you only booked a 29% increase in over 25 years in nominal dollars. What the rate of inflation over the past 25 years???….So if that’s the case, is there any possibility this property could do any better over the next 25 years?
Without understanding, I’d say…pass…
April 9, 2009 at 4:14 PM #379023CoronitaParticipant[quote=svelte]What is up with the ONE photo attached to the listing?
A nice shot of a blank white wall and glimpse of a stove! If that’s the best of that condo, keep moving.
It looks like someone is in distress. Purse in the chair, car keys and cell phone thrown on the table over a myriad of paperwork and stats. It really looks like they said “That’s it, I’ve had it”, stood up, picked up their camera, walked around the table, snapped a photo, and decided to sell their POS.[/quote]
Well, the current owner did pay $264,000 for it 11/04 and is now selling for $84k. It seems like someone bought it 2/04 and was able to flip it for 50k in 9 months. It’s interesting that 1984 pricing places this at $65k.
Just seems kinda interesting that if you bought this in 1984 at $65k and sold it now for $84k, you only booked a 29% increase in over 25 years in nominal dollars. What the rate of inflation over the past 25 years???….So if that’s the case, is there any possibility this property could do any better over the next 25 years?
Without understanding, I’d say…pass…
April 9, 2009 at 4:14 PM #378520CoronitaParticipant[quote=svelte]What is up with the ONE photo attached to the listing?
A nice shot of a blank white wall and glimpse of a stove! If that’s the best of that condo, keep moving.
It looks like someone is in distress. Purse in the chair, car keys and cell phone thrown on the table over a myriad of paperwork and stats. It really looks like they said “That’s it, I’ve had it”, stood up, picked up their camera, walked around the table, snapped a photo, and decided to sell their POS.[/quote]
Well, the current owner did pay $264,000 for it 11/04 and is now selling for $84k. It seems like someone bought it 2/04 and was able to flip it for 50k in 9 months. It’s interesting that 1984 pricing places this at $65k.
Just seems kinda interesting that if you bought this in 1984 at $65k and sold it now for $84k, you only booked a 29% increase in over 25 years in nominal dollars. What the rate of inflation over the past 25 years???….So if that’s the case, is there any possibility this property could do any better over the next 25 years?
Without understanding, I’d say…pass…
April 9, 2009 at 4:14 PM #379150CoronitaParticipant[quote=svelte]What is up with the ONE photo attached to the listing?
A nice shot of a blank white wall and glimpse of a stove! If that’s the best of that condo, keep moving.
It looks like someone is in distress. Purse in the chair, car keys and cell phone thrown on the table over a myriad of paperwork and stats. It really looks like they said “That’s it, I’ve had it”, stood up, picked up their camera, walked around the table, snapped a photo, and decided to sell their POS.[/quote]
Well, the current owner did pay $264,000 for it 11/04 and is now selling for $84k. It seems like someone bought it 2/04 and was able to flip it for 50k in 9 months. It’s interesting that 1984 pricing places this at $65k.
Just seems kinda interesting that if you bought this in 1984 at $65k and sold it now for $84k, you only booked a 29% increase in over 25 years in nominal dollars. What the rate of inflation over the past 25 years???….So if that’s the case, is there any possibility this property could do any better over the next 25 years?
Without understanding, I’d say…pass…
April 9, 2009 at 4:14 PM #378979CoronitaParticipant[quote=svelte]What is up with the ONE photo attached to the listing?
A nice shot of a blank white wall and glimpse of a stove! If that’s the best of that condo, keep moving.
It looks like someone is in distress. Purse in the chair, car keys and cell phone thrown on the table over a myriad of paperwork and stats. It really looks like they said “That’s it, I’ve had it”, stood up, picked up their camera, walked around the table, snapped a photo, and decided to sell their POS.[/quote]
Well, the current owner did pay $264,000 for it 11/04 and is now selling for $84k. It seems like someone bought it 2/04 and was able to flip it for 50k in 9 months. It’s interesting that 1984 pricing places this at $65k.
Just seems kinda interesting that if you bought this in 1984 at $65k and sold it now for $84k, you only booked a 29% increase in over 25 years in nominal dollars. What the rate of inflation over the past 25 years???….So if that’s the case, is there any possibility this property could do any better over the next 25 years?
Without understanding, I’d say…pass…
May 12, 2009 at 1:58 PM #397820Anonymous
GuestThe condo is a short-sale. If anything this is a good investment, buy it while the economy sucks and prices are low. There will be equity in this property
May 12, 2009 at 1:58 PM #397762GuestThe condo is a short-sale. If anything this is a good investment, buy it while the economy sucks and prices are low. There will be equity in this property
May 12, 2009 at 1:58 PM #397961GuestThe condo is a short-sale. If anything this is a good investment, buy it while the economy sucks and prices are low. There will be equity in this property
May 12, 2009 at 1:58 PM #397538GuestThe condo is a short-sale. If anything this is a good investment, buy it while the economy sucks and prices are low. There will be equity in this property
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