Proposal to get prices to come down faster

[La Jolla Renter]

Bugs,

What effect would a house sold at a court house auction have on a neighborhood. I have seen a few go for a solid 20% below comps in nice neighborhoods. Houses that were previously listed in the mls and then canceled when finally sold at auction, so the sold price never shows back up in the mls. My question assumes that an end user buys it and moves in.

[La Jolla Renter]

Breeze,

I like the brainstorming of ideas such as this one.

My friend that wants to buy in La Jolla wants me to lowball the listings he wants, get one in escrow, be a royal pain in the ass, and then walk at 17 days. He then comes in 10-15% lower, all cash.

I do believe that some sort of organized plan could have an impact.

How about we pay a few sign flippers to flip some housing bubble signs on Sundays.

[La Jolla Renter]

Breeze,

I like the brainstorming of ideas such as this one.

My friend that wants to buy in La Jolla wants me to lowball the listings he wants, get one in escrow, be a royal pain in the ass, and then walk at 17 days. He then comes in 10-15% lower, all cash.

I do believe that some sort of organized plan could have an impact.

How about we pay a few sign flippers to flip some housing bubble signs on Sundays.

[La Jolla Renter]

Breeze,

I like the brainstorming of ideas such as this one.

My friend that wants to buy in La Jolla wants me to lowball the listings he wants, get one in escrow, be a royal pain in the ass, and then walk at 17 days. He then comes in 10-15% lower, all cash.

I do believe that some sort of organized plan could have an impact.

How about we pay a few sign flippers to flip some housing bubble signs on Sundays.

[La Jolla Renter]

Breeze,

I like the brainstorming of ideas such as this one.

My friend that wants to buy in La Jolla wants me to lowball the listings he wants, get one in escrow, be a royal pain in the ass, and then walk at 17 days. He then comes in 10-15% lower, all cash.

I do believe that some sort of organized plan could have an impact.

How about we pay a few sign flippers to flip some housing bubble signs on Sundays.

[La Jolla Renter]

Breeze,

I like the brainstorming of ideas such as this one.

My friend that wants to buy in La Jolla wants me to lowball the listings he wants, get one in escrow, be a royal pain in the ass, and then walk at 17 days. He then comes in 10-15% lower, all cash.

I do believe that some sort of organized plan could have an impact.

How about we pay a few sign flippers to flip some housing bubble signs on Sundays.

[Bugs]

Don’t make me laugh. Appraisers do what they’re told. If a bank wants a higher appraisal, the appraiser finds a way to get it. If the bank wants some value chopped off the appraisal, the appraiser chops some value.

That just goes to show that a few bad apples can make any profession look bad. I’m not going to stick up for any of our idiots. I will only say that a solid 30% of the appraisals I did during the runup didn’t meet the borrower’s “expectations”, and I’m hardly an exemplary appraiser.

As for banks having appraisers lowball properties, the only reason it might appear that way is because they’re no longer accepting overvalued appraisals.

[Bugs]

Don’t make me laugh. Appraisers do what they’re told. If a bank wants a higher appraisal, the appraiser finds a way to get it. If the bank wants some value chopped off the appraisal, the appraiser chops some value.

That just goes to show that a few bad apples can make any profession look bad. I’m not going to stick up for any of our idiots. I will only say that a solid 30% of the appraisals I did during the runup didn’t meet the borrower’s “expectations”, and I’m hardly an exemplary appraiser.

As for banks having appraisers lowball properties, the only reason it might appear that way is because they’re no longer accepting overvalued appraisals.

[Bugs]

Don’t make me laugh. Appraisers do what they’re told. If a bank wants a higher appraisal, the appraiser finds a way to get it. If the bank wants some value chopped off the appraisal, the appraiser chops some value.

That just goes to show that a few bad apples can make any profession look bad. I’m not going to stick up for any of our idiots. I will only say that a solid 30% of the appraisals I did during the runup didn’t meet the borrower’s “expectations”, and I’m hardly an exemplary appraiser.

As for banks having appraisers lowball properties, the only reason it might appear that way is because they’re no longer accepting overvalued appraisals.

[Bugs]

Don’t make me laugh. Appraisers do what they’re told. If a bank wants a higher appraisal, the appraiser finds a way to get it. If the bank wants some value chopped off the appraisal, the appraiser chops some value.

That just goes to show that a few bad apples can make any profession look bad. I’m not going to stick up for any of our idiots. I will only say that a solid 30% of the appraisals I did during the runup didn’t meet the borrower’s “expectations”, and I’m hardly an exemplary appraiser.

As for banks having appraisers lowball properties, the only reason it might appear that way is because they’re no longer accepting overvalued appraisals.

[Bugs]

Don’t make me laugh. Appraisers do what they’re told. If a bank wants a higher appraisal, the appraiser finds a way to get it. If the bank wants some value chopped off the appraisal, the appraiser chops some value.

That just goes to show that a few bad apples can make any profession look bad. I’m not going to stick up for any of our idiots. I will only say that a solid 30% of the appraisals I did during the runup didn’t meet the borrower’s “expectations”, and I’m hardly an exemplary appraiser.

As for banks having appraisers lowball properties, the only reason it might appear that way is because they’re no longer accepting overvalued appraisals.

[Bugs]

Having said all that, when foreclosure sales are dominating the market then they’re no longer the exception to the rule.

[Bugs]

Having said all that, when foreclosure sales are dominating the market then they’re no longer the exception to the rule.

[Bugs]

Having said all that, when foreclosure sales are dominating the market then they’re no longer the exception to the rule.

[Bugs]

Having said all that, when foreclosure sales are dominating the market then they’re no longer the exception to the rule.

[Author]

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