Carmel Valley sale +10% from Oct 2006- Oct 2007

[cyphire]

Not sure if this is the case, but it would be possible that the house was updated. Lots of houses in Carmel Valley get new kitchens, new wood floors, etc. Perhaps a flipper updated the house and then tried to get their money back out of it. I wouldn’t be surprised if this was the case.

[Coronita]

Not much of a flip if you factor in agent fees, taxes, and mortgage.

Perhaps an over-leveraged person found a knife catcher? 

[Coronita]

Not much of a flip if you factor in agent fees, taxes, and mortgage.

Perhaps an over-leveraged person found a knife catcher? 

[Coronita]

Not much of a flip if you factor in agent fees, taxes, and mortgage.

Perhaps an over-leveraged person found a knife catcher? 

[Coronita]

Not much of a flip if you factor in agent fees, taxes, and mortgage.

Perhaps an over-leveraged person found a knife catcher? 

[Coronita]

Not much of a flip if you factor in agent fees, taxes, and mortgage.

Perhaps an over-leveraged person found a knife catcher? 

[Arty]

As long as is not 100% financed, it is cool with me. I mean it is their money and the down turn in price will eat their 20% (hopefully) down payment.

[Arty]

As long as is not 100% financed, it is cool with me. I mean it is their money and the down turn in price will eat their 20% (hopefully) down payment.

[Arty]

As long as is not 100% financed, it is cool with me. I mean it is their money and the down turn in price will eat their 20% (hopefully) down payment.

[Arty]

As long as is not 100% financed, it is cool with me. I mean it is their money and the down turn in price will eat their 20% (hopefully) down payment.

[Arty]

As long as is not 100% financed, it is cool with me. I mean it is their money and the down turn in price will eat their 20% (hopefully) down payment.

[cyphire]

I’m not suggesting it was a ‘successful’ flip! I just mean the timing is right, where a flipper might have still thought that the market was ripe for another flip, bought the house, did the renovations, and then found out they couldn’t get their costs back. I’m sure that if work was done on the house, they needed to get their equity back out, irregardless of the economics of their flip!

[cyphire]

I’m not suggesting it was a ‘successful’ flip! I just mean the timing is right, where a flipper might have still thought that the market was ripe for another flip, bought the house, did the renovations, and then found out they couldn’t get their costs back. I’m sure that if work was done on the house, they needed to get their equity back out, irregardless of the economics of their flip!

[cyphire]

I’m not suggesting it was a ‘successful’ flip! I just mean the timing is right, where a flipper might have still thought that the market was ripe for another flip, bought the house, did the renovations, and then found out they couldn’t get their costs back. I’m sure that if work was done on the house, they needed to get their equity back out, irregardless of the economics of their flip!

[cyphire]

I’m not suggesting it was a ‘successful’ flip! I just mean the timing is right, where a flipper might have still thought that the market was ripe for another flip, bought the house, did the renovations, and then found out they couldn’t get their costs back. I’m sure that if work was done on the house, they needed to get their equity back out, irregardless of the economics of their flip!

[Author]

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