Home › Forums › Closed Forums › Properties or Areas › Powerline in Stonebridge
- This topic has 155 replies, 12 voices, and was last updated 13 years, 7 months ago by
bearishgurl.
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July 21, 2011 at 7:09 AM #712671July 21, 2011 at 7:48 AM #711494
bearishgurl
Participant[quote=ocrenter][quote=familyguy]Maybe I am just hoping it isn’t true (from an owners standpoint) but I just can’t imagine the bank would accept 895k for that house.[/quote]
I’m of the opinion that banks should get aggressive, take the loss now, get folks into houses at prices they can actually afford. This type of cleansing is actually much better for a neighborhood.[/quote]
I agree, ocrenter. The few properties around me that sold for lower prices as REOs in the last few years are now owned by people that have improved them substantially. This quick “churning” (foreclosure/new qualified buyer) lifts ALL boats in the neighborhood. I’m not concerned at all about lower sold comps (which reflected distress and condition upon sale). Those sold comps “disappear” after six months.
July 21, 2011 at 7:48 AM #711590bearishgurl
Participant[quote=ocrenter][quote=familyguy]Maybe I am just hoping it isn’t true (from an owners standpoint) but I just can’t imagine the bank would accept 895k for that house.[/quote]
I’m of the opinion that banks should get aggressive, take the loss now, get folks into houses at prices they can actually afford. This type of cleansing is actually much better for a neighborhood.[/quote]
I agree, ocrenter. The few properties around me that sold for lower prices as REOs in the last few years are now owned by people that have improved them substantially. This quick “churning” (foreclosure/new qualified buyer) lifts ALL boats in the neighborhood. I’m not concerned at all about lower sold comps (which reflected distress and condition upon sale). Those sold comps “disappear” after six months.
July 21, 2011 at 7:48 AM #712189bearishgurl
Participant[quote=ocrenter][quote=familyguy]Maybe I am just hoping it isn’t true (from an owners standpoint) but I just can’t imagine the bank would accept 895k for that house.[/quote]
I’m of the opinion that banks should get aggressive, take the loss now, get folks into houses at prices they can actually afford. This type of cleansing is actually much better for a neighborhood.[/quote]
I agree, ocrenter. The few properties around me that sold for lower prices as REOs in the last few years are now owned by people that have improved them substantially. This quick “churning” (foreclosure/new qualified buyer) lifts ALL boats in the neighborhood. I’m not concerned at all about lower sold comps (which reflected distress and condition upon sale). Those sold comps “disappear” after six months.
July 21, 2011 at 7:48 AM #712340bearishgurl
Participant[quote=ocrenter][quote=familyguy]Maybe I am just hoping it isn’t true (from an owners standpoint) but I just can’t imagine the bank would accept 895k for that house.[/quote]
I’m of the opinion that banks should get aggressive, take the loss now, get folks into houses at prices they can actually afford. This type of cleansing is actually much better for a neighborhood.[/quote]
I agree, ocrenter. The few properties around me that sold for lower prices as REOs in the last few years are now owned by people that have improved them substantially. This quick “churning” (foreclosure/new qualified buyer) lifts ALL boats in the neighborhood. I’m not concerned at all about lower sold comps (which reflected distress and condition upon sale). Those sold comps “disappear” after six months.
July 21, 2011 at 7:48 AM #712701bearishgurl
Participant[quote=ocrenter][quote=familyguy]Maybe I am just hoping it isn’t true (from an owners standpoint) but I just can’t imagine the bank would accept 895k for that house.[/quote]
I’m of the opinion that banks should get aggressive, take the loss now, get folks into houses at prices they can actually afford. This type of cleansing is actually much better for a neighborhood.[/quote]
I agree, ocrenter. The few properties around me that sold for lower prices as REOs in the last few years are now owned by people that have improved them substantially. This quick “churning” (foreclosure/new qualified buyer) lifts ALL boats in the neighborhood. I’m not concerned at all about lower sold comps (which reflected distress and condition upon sale). Those sold comps “disappear” after six months.
July 21, 2011 at 8:21 AM #711503familyguy
Participantocr and bg…you both make very good points. I guess it’s simply the mental aspect of seeing homes that were once 1.5 now on the market for under 900k. I have heard the stories, but hitting so close to home is a bit of a shocker.
July 21, 2011 at 8:21 AM #711600familyguy
Participantocr and bg…you both make very good points. I guess it’s simply the mental aspect of seeing homes that were once 1.5 now on the market for under 900k. I have heard the stories, but hitting so close to home is a bit of a shocker.
July 21, 2011 at 8:21 AM #712199familyguy
Participantocr and bg…you both make very good points. I guess it’s simply the mental aspect of seeing homes that were once 1.5 now on the market for under 900k. I have heard the stories, but hitting so close to home is a bit of a shocker.
July 21, 2011 at 8:21 AM #712350familyguy
Participantocr and bg…you both make very good points. I guess it’s simply the mental aspect of seeing homes that were once 1.5 now on the market for under 900k. I have heard the stories, but hitting so close to home is a bit of a shocker.
July 21, 2011 at 8:21 AM #712711familyguy
Participantocr and bg…you both make very good points. I guess it’s simply the mental aspect of seeing homes that were once 1.5 now on the market for under 900k. I have heard the stories, but hitting so close to home is a bit of a shocker.
July 21, 2011 at 6:59 PM #711724Anonymous
GuestExtensive research has been conducted on the property value impacts of overhead high voltage power lines. Depending on how close a home is located to an overhead line, property devaluation can be up to 38% and more for larger luxury homes. Property devaluation on raw agricultural land can be up to 29%. See http://www.RETA.ca for list of studies.
July 21, 2011 at 6:59 PM #711820Anonymous
GuestExtensive research has been conducted on the property value impacts of overhead high voltage power lines. Depending on how close a home is located to an overhead line, property devaluation can be up to 38% and more for larger luxury homes. Property devaluation on raw agricultural land can be up to 29%. See http://www.RETA.ca for list of studies.
July 21, 2011 at 6:59 PM #712418Anonymous
GuestExtensive research has been conducted on the property value impacts of overhead high voltage power lines. Depending on how close a home is located to an overhead line, property devaluation can be up to 38% and more for larger luxury homes. Property devaluation on raw agricultural land can be up to 29%. See http://www.RETA.ca for list of studies.
July 21, 2011 at 6:59 PM #712571Anonymous
GuestExtensive research has been conducted on the property value impacts of overhead high voltage power lines. Depending on how close a home is located to an overhead line, property devaluation can be up to 38% and more for larger luxury homes. Property devaluation on raw agricultural land can be up to 29%. See http://www.RETA.ca for list of studies.
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