North park flips… relatistic prices?

[jpinpb]

CAR – Once again, thank you for eloquently conveying my thoughts on this. I am in complete agreement w/everything you’ve been saying. Just b/c I’m not licensed, doesn’t mean I don’t know what’s going on out there. My dad was a broker and I’ve been following real estate in California for a few bubbles now. The only thing I underestimated was the extent the government was going to invest in this. But I’ve recently come to realize that real estate has been pushed by the government for the past 60 years.

[pemeliza]

CAR, as a fellow buyer I think you and JP may be getting a little carried away with the flipper theory.

I spent two years looking at houses basically starting late 2007 and then finally buying in late 2009. I put in at least a dozen offers on houses all over San Diego county including a few in your neck of the woods in Carlsbad. In all cases where I did not get the house, I was never outbid by a flipper. In all cases I was outbid by an owner occupant. The houses were never put back on the market. When I bid I just put in the price I wanted to pay and that was that. If I lost out I moved on. It never even occurred to me during the process that somehow the market was being manipulated by flippers, banks, and scammers. I was much more focused on getting a great location on a great street at a what I thought to be a fair price.

To be fair I was primarily looking in the 700k+ range so it is possible that at the lower end of the spectrum things are different and what you and JP are suggesting is more common.

Anyway, it seems you and JP have been looking very hard these last few years just like I did and I truly believe that your patience will be rewarded.

[pemeliza]

CAR, as a fellow buyer I think you and JP may be getting a little carried away with the flipper theory.

I spent two years looking at houses basically starting late 2007 and then finally buying in late 2009. I put in at least a dozen offers on houses all over San Diego county including a few in your neck of the woods in Carlsbad. In all cases where I did not get the house, I was never outbid by a flipper. In all cases I was outbid by an owner occupant. The houses were never put back on the market. When I bid I just put in the price I wanted to pay and that was that. If I lost out I moved on. It never even occurred to me during the process that somehow the market was being manipulated by flippers, banks, and scammers. I was much more focused on getting a great location on a great street at a what I thought to be a fair price.

To be fair I was primarily looking in the 700k+ range so it is possible that at the lower end of the spectrum things are different and what you and JP are suggesting is more common.

Anyway, it seems you and JP have been looking very hard these last few years just like I did and I truly believe that your patience will be rewarded.

[pemeliza]

CAR, as a fellow buyer I think you and JP may be getting a little carried away with the flipper theory.

I spent two years looking at houses basically starting late 2007 and then finally buying in late 2009. I put in at least a dozen offers on houses all over San Diego county including a few in your neck of the woods in Carlsbad. In all cases where I did not get the house, I was never outbid by a flipper. In all cases I was outbid by an owner occupant. The houses were never put back on the market. When I bid I just put in the price I wanted to pay and that was that. If I lost out I moved on. It never even occurred to me during the process that somehow the market was being manipulated by flippers, banks, and scammers. I was much more focused on getting a great location on a great street at a what I thought to be a fair price.

To be fair I was primarily looking in the 700k+ range so it is possible that at the lower end of the spectrum things are different and what you and JP are suggesting is more common.

Anyway, it seems you and JP have been looking very hard these last few years just like I did and I truly believe that your patience will be rewarded.

[pemeliza]

CAR, as a fellow buyer I think you and JP may be getting a little carried away with the flipper theory.

I spent two years looking at houses basically starting late 2007 and then finally buying in late 2009. I put in at least a dozen offers on houses all over San Diego county including a few in your neck of the woods in Carlsbad. In all cases where I did not get the house, I was never outbid by a flipper. In all cases I was outbid by an owner occupant. The houses were never put back on the market. When I bid I just put in the price I wanted to pay and that was that. If I lost out I moved on. It never even occurred to me during the process that somehow the market was being manipulated by flippers, banks, and scammers. I was much more focused on getting a great location on a great street at a what I thought to be a fair price.

To be fair I was primarily looking in the 700k+ range so it is possible that at the lower end of the spectrum things are different and what you and JP are suggesting is more common.

Anyway, it seems you and JP have been looking very hard these last few years just like I did and I truly believe that your patience will be rewarded.

[pemeliza]

CAR, as a fellow buyer I think you and JP may be getting a little carried away with the flipper theory.

I spent two years looking at houses basically starting late 2007 and then finally buying in late 2009. I put in at least a dozen offers on houses all over San Diego county including a few in your neck of the woods in Carlsbad. In all cases where I did not get the house, I was never outbid by a flipper. In all cases I was outbid by an owner occupant. The houses were never put back on the market. When I bid I just put in the price I wanted to pay and that was that. If I lost out I moved on. It never even occurred to me during the process that somehow the market was being manipulated by flippers, banks, and scammers. I was much more focused on getting a great location on a great street at a what I thought to be a fair price.

To be fair I was primarily looking in the 700k+ range so it is possible that at the lower end of the spectrum things are different and what you and JP are suggesting is more common.

Anyway, it seems you and JP have been looking very hard these last few years just like I did and I truly believe that your patience will be rewarded.

[jpinpb]

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[jpinpb]

pemeliza – I assure you I’m competing w/investor flippers in many ZIPs. I cannot escape them. Another example: 1979 Beryl. I contacted them the minute it was listed. Seriously. The LA said he just listed it. He was leaving for the weekend and would call me on Monday when he returned. I did not have a chance. They received three all cash offers. One was Esajian from FTH. I fully expect to see this back on the market soon spruced up w/a higher price tag, propping up future comps.

I hope CAR and I get as lucky as you and find a suitable place. The search continues. Some days more frustrating than others.

[jpinpb]

pemeliza – I assure you I’m competing w/investor flippers in many ZIPs. I cannot escape them. Another example: 1979 Beryl. I contacted them the minute it was listed. Seriously. The LA said he just listed it. He was leaving for the weekend and would call me on Monday when he returned. I did not have a chance. They received three all cash offers. One was Esajian from FTH. I fully expect to see this back on the market soon spruced up w/a higher price tag, propping up future comps.

I hope CAR and I get as lucky as you and find a suitable place. The search continues. Some days more frustrating than others.

[jpinpb]

pemeliza – I assure you I’m competing w/investor flippers in many ZIPs. I cannot escape them. Another example: 1979 Beryl. I contacted them the minute it was listed. Seriously. The LA said he just listed it. He was leaving for the weekend and would call me on Monday when he returned. I did not have a chance. They received three all cash offers. One was Esajian from FTH. I fully expect to see this back on the market soon spruced up w/a higher price tag, propping up future comps.

I hope CAR and I get as lucky as you and find a suitable place. The search continues. Some days more frustrating than others.

[jpinpb]

pemeliza – I assure you I’m competing w/investor flippers in many ZIPs. I cannot escape them. Another example: 1979 Beryl. I contacted them the minute it was listed. Seriously. The LA said he just listed it. He was leaving for the weekend and would call me on Monday when he returned. I did not have a chance. They received three all cash offers. One was Esajian from FTH. I fully expect to see this back on the market soon spruced up w/a higher price tag, propping up future comps.

I hope CAR and I get as lucky as you and find a suitable place. The search continues. Some days more frustrating than others.

[Author]

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