Can anyone explain the logic behind this one?

[JC]

They actually raised the price on this unit in this market. http://www.sdlookup.com/MLS-076050334-3759_Florida_St_F_San_Diego_CA_92104

[NotCranky]

They adjusted for inflation, fed cut, and a strong stock market and the inventory removed by the “La Boheme” auction. Just Kidding. If no one here knows you could call Century 21 Carole Realty. That is the listing office.

[JC]

LOL. Thanks for a good laugh. 🙂 I thought La B was a comp killer, not a reason to boost prices, but I’m no expert.

[bsrsharma]

Would any of you buy it for $100K? { Not me }

[JC]

Interesting question (if you were serious). I think I might actually buy it at 100k. At that point, it is almost a good investment, no? Mortgage payment + HOA + wear and tear could be covered by renting it out. I guess this is assuming my math is correct. 🙂

BTW. I am just having fun speculating. I am looking to buy something to live in, not to rent out.

[Diego Mamani]

Delusional seller who lists with a “value range” yet thinks he’ll get the upper range limit.

The house looks awful from the outside: more like an industrial building; it’s essentially a garage with some construction on top of it. And what’s with those tiny windows? Is that for safety?

[drunkle]

if everyone raised their prices, median prices would go up, appraisals will go up, equity will go up, the housing market would be saved, people wouldn’t get foreclosed on, the economy will boom and the america hating bears would be wrong.

that’s the logic, anyway.

[JC]

hmmm. seems like there is so much that can’t be predicted in this market, but it does seem pretty certain that raising prices on “low-end” properties isn’t the best strategy if one actually wants to sell right now. again, i am no expert….

[bubble_contagion]

Some sellers are now listing prices in Euros to hedge againt inflation 😉

[Author]

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