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Mean Reversion.
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March 1, 2008 at 4:26 PM #11973March 1, 2008 at 9:54 PM #163244
temeculaguy
ParticipantI looked but I couldn’t find in the narrative of the listing where oil or gold reserves were found on the property, that would be the only justification, I’m sure Texaco has engineers on site.
I have seen some listings raise their price and then cut it pretty quickly below the original price so they can advertise a “huge price drop” Even though it wasn’t that much of a drop from the original price. Another explanation is that it is a short sale and the bank balked at the original price, short pricing is not set by the banks, the realtors have to guess until they have an offer they can submit, then based on the bank’s rejection feedback they can figure out what the bank will take.
The final theory is that someone (owner or realtor) is a moron and they are counting on not being the only moron in the area.
March 1, 2008 at 9:54 PM #163657temeculaguy
ParticipantI looked but I couldn’t find in the narrative of the listing where oil or gold reserves were found on the property, that would be the only justification, I’m sure Texaco has engineers on site.
I have seen some listings raise their price and then cut it pretty quickly below the original price so they can advertise a “huge price drop” Even though it wasn’t that much of a drop from the original price. Another explanation is that it is a short sale and the bank balked at the original price, short pricing is not set by the banks, the realtors have to guess until they have an offer they can submit, then based on the bank’s rejection feedback they can figure out what the bank will take.
The final theory is that someone (owner or realtor) is a moron and they are counting on not being the only moron in the area.
March 1, 2008 at 9:54 PM #163575temeculaguy
ParticipantI looked but I couldn’t find in the narrative of the listing where oil or gold reserves were found on the property, that would be the only justification, I’m sure Texaco has engineers on site.
I have seen some listings raise their price and then cut it pretty quickly below the original price so they can advertise a “huge price drop” Even though it wasn’t that much of a drop from the original price. Another explanation is that it is a short sale and the bank balked at the original price, short pricing is not set by the banks, the realtors have to guess until they have an offer they can submit, then based on the bank’s rejection feedback they can figure out what the bank will take.
The final theory is that someone (owner or realtor) is a moron and they are counting on not being the only moron in the area.
March 1, 2008 at 9:54 PM #163564temeculaguy
ParticipantI looked but I couldn’t find in the narrative of the listing where oil or gold reserves were found on the property, that would be the only justification, I’m sure Texaco has engineers on site.
I have seen some listings raise their price and then cut it pretty quickly below the original price so they can advertise a “huge price drop” Even though it wasn’t that much of a drop from the original price. Another explanation is that it is a short sale and the bank balked at the original price, short pricing is not set by the banks, the realtors have to guess until they have an offer they can submit, then based on the bank’s rejection feedback they can figure out what the bank will take.
The final theory is that someone (owner or realtor) is a moron and they are counting on not being the only moron in the area.
March 1, 2008 at 9:54 PM #163553temeculaguy
ParticipantI looked but I couldn’t find in the narrative of the listing where oil or gold reserves were found on the property, that would be the only justification, I’m sure Texaco has engineers on site.
I have seen some listings raise their price and then cut it pretty quickly below the original price so they can advertise a “huge price drop” Even though it wasn’t that much of a drop from the original price. Another explanation is that it is a short sale and the bank balked at the original price, short pricing is not set by the banks, the realtors have to guess until they have an offer they can submit, then based on the bank’s rejection feedback they can figure out what the bank will take.
The final theory is that someone (owner or realtor) is a moron and they are counting on not being the only moron in the area.
March 2, 2008 at 8:08 AM #163583hipmatt
ParticipantTake a look at the taxes paid on those homes… ouch about $1400-1600 per month JUST in taxes.
March 2, 2008 at 8:08 AM #163594hipmatt
ParticipantTake a look at the taxes paid on those homes… ouch about $1400-1600 per month JUST in taxes.
March 2, 2008 at 8:08 AM #163605hipmatt
ParticipantTake a look at the taxes paid on those homes… ouch about $1400-1600 per month JUST in taxes.
March 2, 2008 at 8:08 AM #163274hipmatt
ParticipantTake a look at the taxes paid on those homes… ouch about $1400-1600 per month JUST in taxes.
March 2, 2008 at 8:08 AM #163687hipmatt
ParticipantTake a look at the taxes paid on those homes… ouch about $1400-1600 per month JUST in taxes.
March 2, 2008 at 4:21 PM #163399NeetaT
ParticipantLooks more like chainsaw cathcers.
March 2, 2008 at 4:21 PM #163708NeetaT
ParticipantLooks more like chainsaw cathcers.
March 2, 2008 at 4:21 PM #163719NeetaT
ParticipantLooks more like chainsaw cathcers.
March 2, 2008 at 4:21 PM #163731NeetaT
ParticipantLooks more like chainsaw cathcers.
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