Are you looking to get in on the ground floor? Think again.

[djc]

Thursday, February 21, 2008
Half a Million Loss and Still No Sale?
A lawsuit has been threatened against this blog by the owner of this property currently with NOD filed. Comments are disabled and the post removed.

[Ozzie]

sdr,

A bull to me is someone who believes a certain asset is going to rise in price in the near future which I don’t believe I ever said. I did say that LCV has not lost value like all the headlines would lead you to believe. That’s still the case today. It’s has basically been flat for going on 3.5 years. You’ll find a foreclosure or two every couple months, but there are still no real deals.

If you actually read my post you would see that I said it would be stupid to sell because renting is not a viable alternative in term of both lifestyle and the rising cost of renting a decent home. If the train has left the station as you say then why did a house here just sell for the 2nd highest price ever in LCV? And it wasn’t even listed in the MLS. And it had a backup offer. But of course you know everything. Just ask you.

[Ozzie]

sdr,

A bull to me is someone who believes a certain asset is going to rise in price in the near future which I don’t believe I ever said. I did say that LCV has not lost value like all the headlines would lead you to believe. That’s still the case today. It’s has basically been flat for going on 3.5 years. You’ll find a foreclosure or two every couple months, but there are still no real deals.

If you actually read my post you would see that I said it would be stupid to sell because renting is not a viable alternative in term of both lifestyle and the rising cost of renting a decent home. If the train has left the station as you say then why did a house here just sell for the 2nd highest price ever in LCV? And it wasn’t even listed in the MLS. And it had a backup offer. But of course you know everything. Just ask you.

[Ozzie]

sdr,

A bull to me is someone who believes a certain asset is going to rise in price in the near future which I don’t believe I ever said. I did say that LCV has not lost value like all the headlines would lead you to believe. That’s still the case today. It’s has basically been flat for going on 3.5 years. You’ll find a foreclosure or two every couple months, but there are still no real deals.

If you actually read my post you would see that I said it would be stupid to sell because renting is not a viable alternative in term of both lifestyle and the rising cost of renting a decent home. If the train has left the station as you say then why did a house here just sell for the 2nd highest price ever in LCV? And it wasn’t even listed in the MLS. And it had a backup offer. But of course you know everything. Just ask you.

[Ozzie]

sdr,

A bull to me is someone who believes a certain asset is going to rise in price in the near future which I don’t believe I ever said. I did say that LCV has not lost value like all the headlines would lead you to believe. That’s still the case today. It’s has basically been flat for going on 3.5 years. You’ll find a foreclosure or two every couple months, but there are still no real deals.

If you actually read my post you would see that I said it would be stupid to sell because renting is not a viable alternative in term of both lifestyle and the rising cost of renting a decent home. If the train has left the station as you say then why did a house here just sell for the 2nd highest price ever in LCV? And it wasn’t even listed in the MLS. And it had a backup offer. But of course you know everything. Just ask you.

[Ozzie]

sdr,

A bull to me is someone who believes a certain asset is going to rise in price in the near future which I don’t believe I ever said. I did say that LCV has not lost value like all the headlines would lead you to believe. That’s still the case today. It’s has basically been flat for going on 3.5 years. You’ll find a foreclosure or two every couple months, but there are still no real deals.

If you actually read my post you would see that I said it would be stupid to sell because renting is not a viable alternative in term of both lifestyle and the rising cost of renting a decent home. If the train has left the station as you say then why did a house here just sell for the 2nd highest price ever in LCV? And it wasn’t even listed in the MLS. And it had a backup offer. But of course you know everything. Just ask you.

[Ozzie]

Patient renter,

I don’t own it free and clear as indicated in my previous post comparing rental prices to my mortgage so I’m not going to bank $1,000,000+ and stick it into muni’s. I guess I could make about $1500 on my equity, but I could also get a decent return by taking the Rex and Co. payout and sticking that in a CD. If I was convinced that prices were headed way down for a protracted period I would do that Rex and Co. payout immediately. It’s a great hedge, but the people behind the company are smarter than me and I’m wondering why they want to send me a $200k interest free non-taxable check to get a portion of my future equity gains which everyone here is certain does not exist.

Don’t worry, you won’t be bailing me out.

[Ozzie]

Patient renter,

I don’t own it free and clear as indicated in my previous post comparing rental prices to my mortgage so I’m not going to bank $1,000,000+ and stick it into muni’s. I guess I could make about $1500 on my equity, but I could also get a decent return by taking the Rex and Co. payout and sticking that in a CD. If I was convinced that prices were headed way down for a protracted period I would do that Rex and Co. payout immediately. It’s a great hedge, but the people behind the company are smarter than me and I’m wondering why they want to send me a $200k interest free non-taxable check to get a portion of my future equity gains which everyone here is certain does not exist.

Don’t worry, you won’t be bailing me out.

[Ozzie]

Patient renter,

I don’t own it free and clear as indicated in my previous post comparing rental prices to my mortgage so I’m not going to bank $1,000,000+ and stick it into muni’s. I guess I could make about $1500 on my equity, but I could also get a decent return by taking the Rex and Co. payout and sticking that in a CD. If I was convinced that prices were headed way down for a protracted period I would do that Rex and Co. payout immediately. It’s a great hedge, but the people behind the company are smarter than me and I’m wondering why they want to send me a $200k interest free non-taxable check to get a portion of my future equity gains which everyone here is certain does not exist.

Don’t worry, you won’t be bailing me out.

[Ozzie]

Patient renter,

I don’t own it free and clear as indicated in my previous post comparing rental prices to my mortgage so I’m not going to bank $1,000,000+ and stick it into muni’s. I guess I could make about $1500 on my equity, but I could also get a decent return by taking the Rex and Co. payout and sticking that in a CD. If I was convinced that prices were headed way down for a protracted period I would do that Rex and Co. payout immediately. It’s a great hedge, but the people behind the company are smarter than me and I’m wondering why they want to send me a $200k interest free non-taxable check to get a portion of my future equity gains which everyone here is certain does not exist.

Don’t worry, you won’t be bailing me out.

[Ozzie]

Patient renter,

I don’t own it free and clear as indicated in my previous post comparing rental prices to my mortgage so I’m not going to bank $1,000,000+ and stick it into muni’s. I guess I could make about $1500 on my equity, but I could also get a decent return by taking the Rex and Co. payout and sticking that in a CD. If I was convinced that prices were headed way down for a protracted period I would do that Rex and Co. payout immediately. It’s a great hedge, but the people behind the company are smarter than me and I’m wondering why they want to send me a $200k interest free non-taxable check to get a portion of my future equity gains which everyone here is certain does not exist.

Don’t worry, you won’t be bailing me out.

[sdrealtor]

Ozzie,
Dont try to compare your house or any others to the one at the end of your street. That was a unique situation and one of less than 5 in LCV that could garner that type of attention. When the house 3 doors down sells you will see the market has not been flat for 3.5 years. Why dont you compare the current value of any of the other homes you sold there in the last couple years with what they could go for today?

sdr

[sdrealtor]

Ozzie,
Dont try to compare your house or any others to the one at the end of your street. That was a unique situation and one of less than 5 in LCV that could garner that type of attention. When the house 3 doors down sells you will see the market has not been flat for 3.5 years. Why dont you compare the current value of any of the other homes you sold there in the last couple years with what they could go for today?

sdr

[sdrealtor]

Ozzie,
Dont try to compare your house or any others to the one at the end of your street. That was a unique situation and one of less than 5 in LCV that could garner that type of attention. When the house 3 doors down sells you will see the market has not been flat for 3.5 years. Why dont you compare the current value of any of the other homes you sold there in the last couple years with what they could go for today?

sdr

[sdrealtor]

Ozzie,
Dont try to compare your house or any others to the one at the end of your street. That was a unique situation and one of less than 5 in LCV that could garner that type of attention. When the house 3 doors down sells you will see the market has not been flat for 3.5 years. Why dont you compare the current value of any of the other homes you sold there in the last couple years with what they could go for today?

sdr

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