Menu

Home › Forums › Housing › Delusional? You wanna see delusional????

Viewing 15 posts - 1 through 15 (of 31 total)
1 2 3
  • Author
    Posts
  • January 30, 2009 at 9:59 PM #14947
    AK
    Participant

    Here’s a FSBO in the Emerald Point development near Oceanside Blvd. and College Ave., which is a nice, well-kept, if slightly claustrophobic tract of 3-4 BD starter homes.

    In this development there are four active listings (three short sales and an REO) all with asking prices between $260K and $285K. A fifth (REO) just went pending this week, asking price around $220K.

    But wait … there is a sixth house for sale, this one a FSBO:

    http://www.forsalebyowner.com/listing/22344

    “This property was the former model home: there are incredible 11 lights in garage, alarm system & central AC. … Few miles to Oceanside beach/pier, ocean breeze, close to freeway 78 & I-5. Property is liked new, excellent conditions, ready to move in. … Good for first time home buyers.”

    Now for the asking price … make sure you’re sitting down.

    “Sale Price $425,000 (firm).”

    Oh, there is a lease-to-own option, but yeah, you know how those are.

    January 31, 2009 at 6:28 AM #339222
    4plexowner
    Participant

    lease-to-own is one way to try and recover from a bad RE investment

    statistically, only 20% or so of lease-to-owns are ever purchased by the renter

    landlord gets a premium rent and a tenant that takes care of the property and then gets to keep to property to boot

    it doesn’t get much better than that!

    January 31, 2009 at 6:28 AM #339549
    4plexowner
    Participant

    lease-to-own is one way to try and recover from a bad RE investment

    statistically, only 20% or so of lease-to-owns are ever purchased by the renter

    landlord gets a premium rent and a tenant that takes care of the property and then gets to keep to property to boot

    it doesn’t get much better than that!

    January 31, 2009 at 6:28 AM #339643
    4plexowner
    Participant

    lease-to-own is one way to try and recover from a bad RE investment

    statistically, only 20% or so of lease-to-owns are ever purchased by the renter

    landlord gets a premium rent and a tenant that takes care of the property and then gets to keep to property to boot

    it doesn’t get much better than that!

    January 31, 2009 at 6:28 AM #339671
    4plexowner
    Participant

    lease-to-own is one way to try and recover from a bad RE investment

    statistically, only 20% or so of lease-to-owns are ever purchased by the renter

    landlord gets a premium rent and a tenant that takes care of the property and then gets to keep to property to boot

    it doesn’t get much better than that!

    January 31, 2009 at 6:28 AM #339765
    4plexowner
    Participant

    lease-to-own is one way to try and recover from a bad RE investment

    statistically, only 20% or so of lease-to-owns are ever purchased by the renter

    landlord gets a premium rent and a tenant that takes care of the property and then gets to keep to property to boot

    it doesn’t get much better than that!

    January 31, 2009 at 8:19 PM #339512
    AK
    Participant

    I’m surprised even 20% of lease-to-own deals ever go through.

    January 31, 2009 at 8:19 PM #339838
    AK
    Participant

    I’m surprised even 20% of lease-to-own deals ever go through.

    January 31, 2009 at 8:19 PM #339934
    AK
    Participant

    I’m surprised even 20% of lease-to-own deals ever go through.

    January 31, 2009 at 8:19 PM #339961
    AK
    Participant

    I’m surprised even 20% of lease-to-own deals ever go through.

    January 31, 2009 at 8:19 PM #340055
    AK
    Participant

    I’m surprised even 20% of lease-to-own deals ever go through.

    February 1, 2009 at 7:37 PM #340149
    Blissful Ignoramus
    Participant

    According to Zillow, it last sold in Sep 2003 for 327K.

    Maybe they’re thinking that if someone comes in at 100K under the asking price, they won’t take a bath.

    Anyway, you know things are pretty bad when people who bought 5+ years ago are looking at a good 20% price decline.

    February 1, 2009 at 7:37 PM #340270
    Blissful Ignoramus
    Participant

    According to Zillow, it last sold in Sep 2003 for 327K.

    Maybe they’re thinking that if someone comes in at 100K under the asking price, they won’t take a bath.

    Anyway, you know things are pretty bad when people who bought 5+ years ago are looking at a good 20% price decline.

    February 1, 2009 at 7:37 PM #340176
    Blissful Ignoramus
    Participant

    According to Zillow, it last sold in Sep 2003 for 327K.

    Maybe they’re thinking that if someone comes in at 100K under the asking price, they won’t take a bath.

    Anyway, you know things are pretty bad when people who bought 5+ years ago are looking at a good 20% price decline.

    February 1, 2009 at 7:37 PM #340053
    Blissful Ignoramus
    Participant

    According to Zillow, it last sold in Sep 2003 for 327K.

    Maybe they’re thinking that if someone comes in at 100K under the asking price, they won’t take a bath.

    Anyway, you know things are pretty bad when people who bought 5+ years ago are looking at a good 20% price decline.

  • Author
    Posts
Viewing 15 posts - 1 through 15 (of 31 total)
1 2 3
  • You must be logged in to reply to this topic.