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poway_seller.
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May 28, 2008 at 7:32 AM #212571May 28, 2008 at 8:23 AM #212464
poway_seller
ParticipantAs a Vulture, you should love times like this.
I didn’t actually use the word “invest” – did I?
As an investment, one whereby the ‘investor’ has primary motivations that lie in making money is totally different than my response which was a lifestyle decision, for both seller and buyer.
May 28, 2008 at 8:23 AM #212537poway_seller
ParticipantAs a Vulture, you should love times like this.
I didn’t actually use the word “invest” – did I?
As an investment, one whereby the ‘investor’ has primary motivations that lie in making money is totally different than my response which was a lifestyle decision, for both seller and buyer.
May 28, 2008 at 8:23 AM #212564poway_seller
ParticipantAs a Vulture, you should love times like this.
I didn’t actually use the word “invest” – did I?
As an investment, one whereby the ‘investor’ has primary motivations that lie in making money is totally different than my response which was a lifestyle decision, for both seller and buyer.
May 28, 2008 at 8:23 AM #212585poway_seller
ParticipantAs a Vulture, you should love times like this.
I didn’t actually use the word “invest” – did I?
As an investment, one whereby the ‘investor’ has primary motivations that lie in making money is totally different than my response which was a lifestyle decision, for both seller and buyer.
May 28, 2008 at 8:23 AM #212615poway_seller
ParticipantAs a Vulture, you should love times like this.
I didn’t actually use the word “invest” – did I?
As an investment, one whereby the ‘investor’ has primary motivations that lie in making money is totally different than my response which was a lifestyle decision, for both seller and buyer.
May 28, 2008 at 8:49 AM #212478macmichael
ParticipantPoway
Your last comment is right on – upper del cerro is where to look for quality, excellent living and to raise a family, and not flipping opportunities, qualities I discussed in my recent post. Actually I would believe that most vulture lookers already know this and are looking in the more low hanging fruit areas.
Following up on our favorite Norman. Wife and I were thinking how would this ever get valued in a default. Probably at lot value less cost to scrape, demo and regrade, but some credit for water / sewer charges which were long ago paid. So maybe something in the $ 200K area. What do yo think?
May 28, 2008 at 8:49 AM #212552macmichael
ParticipantPoway
Your last comment is right on – upper del cerro is where to look for quality, excellent living and to raise a family, and not flipping opportunities, qualities I discussed in my recent post. Actually I would believe that most vulture lookers already know this and are looking in the more low hanging fruit areas.
Following up on our favorite Norman. Wife and I were thinking how would this ever get valued in a default. Probably at lot value less cost to scrape, demo and regrade, but some credit for water / sewer charges which were long ago paid. So maybe something in the $ 200K area. What do yo think?
May 28, 2008 at 8:49 AM #212579macmichael
ParticipantPoway
Your last comment is right on – upper del cerro is where to look for quality, excellent living and to raise a family, and not flipping opportunities, qualities I discussed in my recent post. Actually I would believe that most vulture lookers already know this and are looking in the more low hanging fruit areas.
Following up on our favorite Norman. Wife and I were thinking how would this ever get valued in a default. Probably at lot value less cost to scrape, demo and regrade, but some credit for water / sewer charges which were long ago paid. So maybe something in the $ 200K area. What do yo think?
May 28, 2008 at 8:49 AM #212600macmichael
ParticipantPoway
Your last comment is right on – upper del cerro is where to look for quality, excellent living and to raise a family, and not flipping opportunities, qualities I discussed in my recent post. Actually I would believe that most vulture lookers already know this and are looking in the more low hanging fruit areas.
Following up on our favorite Norman. Wife and I were thinking how would this ever get valued in a default. Probably at lot value less cost to scrape, demo and regrade, but some credit for water / sewer charges which were long ago paid. So maybe something in the $ 200K area. What do yo think?
May 28, 2008 at 8:49 AM #212631macmichael
ParticipantPoway
Your last comment is right on – upper del cerro is where to look for quality, excellent living and to raise a family, and not flipping opportunities, qualities I discussed in my recent post. Actually I would believe that most vulture lookers already know this and are looking in the more low hanging fruit areas.
Following up on our favorite Norman. Wife and I were thinking how would this ever get valued in a default. Probably at lot value less cost to scrape, demo and regrade, but some credit for water / sewer charges which were long ago paid. So maybe something in the $ 200K area. What do yo think?
May 28, 2008 at 11:17 AM #212725poway_seller
ParticipantI’ve got no idea how a bank would value a tear down default. I’m sure you are on the right track. Anyone else have any input here?
As far as $200,000 price? No clue, but it is a corner lot on a nice street with good views (other than the large pine type trees the across the street neighbors don’t cut).
But it surely would need a lot of work. Perhaps the foundation they poured before starting the red steel art project is sufficient, and they might even have plans (plans for what? I don’t know). But I’d guess the lot price would be closer to double (or more) the $200k price. No clue really, that was a totally guess.
on another note…
time will tell when the “realtard/builder/seller” will lower their price on Madra $1.3m in MMM/MMB. I overheard the seller/builder/husband last week down at Madra Deli trying to sell the house to a guy that was just there to buy pizza.
May 28, 2008 at 11:17 AM #212803poway_seller
ParticipantI’ve got no idea how a bank would value a tear down default. I’m sure you are on the right track. Anyone else have any input here?
As far as $200,000 price? No clue, but it is a corner lot on a nice street with good views (other than the large pine type trees the across the street neighbors don’t cut).
But it surely would need a lot of work. Perhaps the foundation they poured before starting the red steel art project is sufficient, and they might even have plans (plans for what? I don’t know). But I’d guess the lot price would be closer to double (or more) the $200k price. No clue really, that was a totally guess.
on another note…
time will tell when the “realtard/builder/seller” will lower their price on Madra $1.3m in MMM/MMB. I overheard the seller/builder/husband last week down at Madra Deli trying to sell the house to a guy that was just there to buy pizza.
May 28, 2008 at 11:17 AM #212829poway_seller
ParticipantI’ve got no idea how a bank would value a tear down default. I’m sure you are on the right track. Anyone else have any input here?
As far as $200,000 price? No clue, but it is a corner lot on a nice street with good views (other than the large pine type trees the across the street neighbors don’t cut).
But it surely would need a lot of work. Perhaps the foundation they poured before starting the red steel art project is sufficient, and they might even have plans (plans for what? I don’t know). But I’d guess the lot price would be closer to double (or more) the $200k price. No clue really, that was a totally guess.
on another note…
time will tell when the “realtard/builder/seller” will lower their price on Madra $1.3m in MMM/MMB. I overheard the seller/builder/husband last week down at Madra Deli trying to sell the house to a guy that was just there to buy pizza.
May 28, 2008 at 11:17 AM #212851poway_seller
ParticipantI’ve got no idea how a bank would value a tear down default. I’m sure you are on the right track. Anyone else have any input here?
As far as $200,000 price? No clue, but it is a corner lot on a nice street with good views (other than the large pine type trees the across the street neighbors don’t cut).
But it surely would need a lot of work. Perhaps the foundation they poured before starting the red steel art project is sufficient, and they might even have plans (plans for what? I don’t know). But I’d guess the lot price would be closer to double (or more) the $200k price. No clue really, that was a totally guess.
on another note…
time will tell when the “realtard/builder/seller” will lower their price on Madra $1.3m in MMM/MMB. I overheard the seller/builder/husband last week down at Madra Deli trying to sell the house to a guy that was just there to buy pizza.
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