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NotCranky.
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October 7, 2009 at 10:36 AM #465996October 7, 2009 at 10:55 AM #465189
sdrealtor
ParticipantThe only argument for a stabilizing market is not manipulation there are plenty others. Here’s another of the many. Right now all the good deals in SD on the courthouse steps go to deep pocketed invvestors who primp them up and sell them at market rate to slightly below market prices all the while making a killing. Every time they do this, their pockets get deeper. These middle men prevent the layperson from getting the best deals. They layperson cant compete with these pros and any great deal goes to them not rather than ending up as an REO on the open market. Sorry folks but the game aint fair.
October 7, 2009 at 10:55 AM #465375ParticipantThe only argument for a stabilizing market is not manipulation there are plenty others. Here’s another of the many. Right now all the good deals in SD on the courthouse steps go to deep pocketed invvestors who primp them up and sell them at market rate to slightly below market prices all the while making a killing. Every time they do this, their pockets get deeper. These middle men prevent the layperson from getting the best deals. They layperson cant compete with these pros and any great deal goes to them not rather than ending up as an REO on the open market. Sorry folks but the game aint fair.
October 7, 2009 at 10:55 AM #465727ParticipantThe only argument for a stabilizing market is not manipulation there are plenty others. Here’s another of the many. Right now all the good deals in SD on the courthouse steps go to deep pocketed invvestors who primp them up and sell them at market rate to slightly below market prices all the while making a killing. Every time they do this, their pockets get deeper. These middle men prevent the layperson from getting the best deals. They layperson cant compete with these pros and any great deal goes to them not rather than ending up as an REO on the open market. Sorry folks but the game aint fair.
October 7, 2009 at 10:55 AM #465800ParticipantThe only argument for a stabilizing market is not manipulation there are plenty others. Here’s another of the many. Right now all the good deals in SD on the courthouse steps go to deep pocketed invvestors who primp them up and sell them at market rate to slightly below market prices all the while making a killing. Every time they do this, their pockets get deeper. These middle men prevent the layperson from getting the best deals. They layperson cant compete with these pros and any great deal goes to them not rather than ending up as an REO on the open market. Sorry folks but the game aint fair.
October 7, 2009 at 10:55 AM #466010ParticipantThe only argument for a stabilizing market is not manipulation there are plenty others. Here’s another of the many. Right now all the good deals in SD on the courthouse steps go to deep pocketed invvestors who primp them up and sell them at market rate to slightly below market prices all the while making a killing. Every time they do this, their pockets get deeper. These middle men prevent the layperson from getting the best deals. They layperson cant compete with these pros and any great deal goes to them not rather than ending up as an REO on the open market. Sorry folks but the game aint fair.
October 7, 2009 at 10:56 AM #465194jpinpb
ParticipantAs I said on another thread, my friend and husband lived in their condo for anywhere from 3 to 5 months w/out paying and w/no NOD filed. Then they listed their place for sale and after another 5 months of not paying, it successfully short sold. No NOD was ever filed.
October 7, 2009 at 10:56 AM #465380ParticipantAs I said on another thread, my friend and husband lived in their condo for anywhere from 3 to 5 months w/out paying and w/no NOD filed. Then they listed their place for sale and after another 5 months of not paying, it successfully short sold. No NOD was ever filed.
October 7, 2009 at 10:56 AM #465732ParticipantAs I said on another thread, my friend and husband lived in their condo for anywhere from 3 to 5 months w/out paying and w/no NOD filed. Then they listed their place for sale and after another 5 months of not paying, it successfully short sold. No NOD was ever filed.
October 7, 2009 at 10:56 AM #465805ParticipantAs I said on another thread, my friend and husband lived in their condo for anywhere from 3 to 5 months w/out paying and w/no NOD filed. Then they listed their place for sale and after another 5 months of not paying, it successfully short sold. No NOD was ever filed.
October 7, 2009 at 10:56 AM #466015ParticipantAs I said on another thread, my friend and husband lived in their condo for anywhere from 3 to 5 months w/out paying and w/no NOD filed. Then they listed their place for sale and after another 5 months of not paying, it successfully short sold. No NOD was ever filed.
October 7, 2009 at 11:01 AM #465199ParticipantFYI, the bulks sales i have seen advertised go for 30 to 70 cents on the dollar based upon current BPO (probably a little low already) value. Some of these may be flipped but they easily cash flow as rentals and who wants to pay ordinary income instead of long term capital gains? I’d expect alot of bulk sold properties will end up as very profitable rentals until the market goes up, whenever that is.
There are so many things going on behind the scenes in real; estate that the layperson no matter how long they spend on the Internet will never see or understand. Simple this situation is not.
October 7, 2009 at 11:01 AM #465385ParticipantFYI, the bulks sales i have seen advertised go for 30 to 70 cents on the dollar based upon current BPO (probably a little low already) value. Some of these may be flipped but they easily cash flow as rentals and who wants to pay ordinary income instead of long term capital gains? I’d expect alot of bulk sold properties will end up as very profitable rentals until the market goes up, whenever that is.
There are so many things going on behind the scenes in real; estate that the layperson no matter how long they spend on the Internet will never see or understand. Simple this situation is not.
October 7, 2009 at 11:01 AM #465737ParticipantFYI, the bulks sales i have seen advertised go for 30 to 70 cents on the dollar based upon current BPO (probably a little low already) value. Some of these may be flipped but they easily cash flow as rentals and who wants to pay ordinary income instead of long term capital gains? I’d expect alot of bulk sold properties will end up as very profitable rentals until the market goes up, whenever that is.
There are so many things going on behind the scenes in real; estate that the layperson no matter how long they spend on the Internet will never see or understand. Simple this situation is not.
October 7, 2009 at 11:01 AM #465809ParticipantFYI, the bulks sales i have seen advertised go for 30 to 70 cents on the dollar based upon current BPO (probably a little low already) value. Some of these may be flipped but they easily cash flow as rentals and who wants to pay ordinary income instead of long term capital gains? I’d expect alot of bulk sold properties will end up as very profitable rentals until the market goes up, whenever that is.
There are so many things going on behind the scenes in real; estate that the layperson no matter how long they spend on the Internet will never see or understand. Simple this situation is not.
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