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CA renter.
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March 20, 2009 at 8:13 PM #371406March 20, 2009 at 8:35 PM #370804
kicksavedave
ParticipantRather than try to compete directly against the bulk buyers and all their millions, why not fight em a different way. Publicize what they are doing and make their bulk buy prices known to the public. If the public knew they were buying these dumps for $250, they wouldn’t be paying them $350 as willingly. If enough people know about it, and enough people stay away from them, eventually they will bring their prices back down. I realize its a horrendous long shot, but it’s easier to fight them with information – like these blogs – than with cash. They have too much cash, but the power of information is priceless.
Heck, put a sign on every one of their properties that says “bought in bulk for $XXX”. As soon as their profits erode, they’ll quit the business, like all the other flippers du jour.
March 20, 2009 at 8:35 PM #371092ParticipantRather than try to compete directly against the bulk buyers and all their millions, why not fight em a different way. Publicize what they are doing and make their bulk buy prices known to the public. If the public knew they were buying these dumps for $250, they wouldn’t be paying them $350 as willingly. If enough people know about it, and enough people stay away from them, eventually they will bring their prices back down. I realize its a horrendous long shot, but it’s easier to fight them with information – like these blogs – than with cash. They have too much cash, but the power of information is priceless.
Heck, put a sign on every one of their properties that says “bought in bulk for $XXX”. As soon as their profits erode, they’ll quit the business, like all the other flippers du jour.
March 20, 2009 at 8:35 PM #371260ParticipantRather than try to compete directly against the bulk buyers and all their millions, why not fight em a different way. Publicize what they are doing and make their bulk buy prices known to the public. If the public knew they were buying these dumps for $250, they wouldn’t be paying them $350 as willingly. If enough people know about it, and enough people stay away from them, eventually they will bring their prices back down. I realize its a horrendous long shot, but it’s easier to fight them with information – like these blogs – than with cash. They have too much cash, but the power of information is priceless.
Heck, put a sign on every one of their properties that says “bought in bulk for $XXX”. As soon as their profits erode, they’ll quit the business, like all the other flippers du jour.
March 20, 2009 at 8:35 PM #371304ParticipantRather than try to compete directly against the bulk buyers and all their millions, why not fight em a different way. Publicize what they are doing and make their bulk buy prices known to the public. If the public knew they were buying these dumps for $250, they wouldn’t be paying them $350 as willingly. If enough people know about it, and enough people stay away from them, eventually they will bring their prices back down. I realize its a horrendous long shot, but it’s easier to fight them with information – like these blogs – than with cash. They have too much cash, but the power of information is priceless.
Heck, put a sign on every one of their properties that says “bought in bulk for $XXX”. As soon as their profits erode, they’ll quit the business, like all the other flippers du jour.
March 20, 2009 at 8:35 PM #371416ParticipantRather than try to compete directly against the bulk buyers and all their millions, why not fight em a different way. Publicize what they are doing and make their bulk buy prices known to the public. If the public knew they were buying these dumps for $250, they wouldn’t be paying them $350 as willingly. If enough people know about it, and enough people stay away from them, eventually they will bring their prices back down. I realize its a horrendous long shot, but it’s easier to fight them with information – like these blogs – than with cash. They have too much cash, but the power of information is priceless.
Heck, put a sign on every one of their properties that says “bought in bulk for $XXX”. As soon as their profits erode, they’ll quit the business, like all the other flippers du jour.
March 20, 2009 at 9:02 PM #370809jpinpb
ParticipantYes, but HOW do you know which ones were bought in bulk. It is not disclosed. That’s what we were arguing. It should be/needs to be public information!
March 20, 2009 at 9:02 PM #371097ParticipantYes, but HOW do you know which ones were bought in bulk. It is not disclosed. That’s what we were arguing. It should be/needs to be public information!
March 20, 2009 at 9:02 PM #371265ParticipantYes, but HOW do you know which ones were bought in bulk. It is not disclosed. That’s what we were arguing. It should be/needs to be public information!
March 20, 2009 at 9:02 PM #371309ParticipantYes, but HOW do you know which ones were bought in bulk. It is not disclosed. That’s what we were arguing. It should be/needs to be public information!
March 20, 2009 at 9:02 PM #371421ParticipantYes, but HOW do you know which ones were bought in bulk. It is not disclosed. That’s what we were arguing. It should be/needs to be public information!
March 20, 2009 at 10:41 PM #370873SD Realtor
ParticipantOkay wait a minute. The bulk purchases ARE public information. They are on the tax roll. Guys lets identify the problem correctly. That is, the problem is that the current method of appraising properties is inherently fraudulent because only a SUBSET of sales are used for comps.
This is the problem correct?
The fact is that appraisers need to look beyond the MLS recent sales to find comps….
Let’s not stray from the facts. That is, these bulk sales are not hidden from the public. I believe they are indeed on the tax roll okay?
In fact the only hidden manipulations are those that are loan modifications or reductions in principal. I do not think those events are made part of the tax roll although I keep harping that they should be.
****************
Now I am gonna plant a little food for thought that I know most of you will disagree with but… just think about it…
Do you think there should be a seperate market for cash verses a seperate market for a financed home? Now I know as you read this your gut will say hell no we should not… but I am not so sure. I am not saying yes or no but I am thinking about it more.
March 20, 2009 at 10:41 PM #371162ParticipantOkay wait a minute. The bulk purchases ARE public information. They are on the tax roll. Guys lets identify the problem correctly. That is, the problem is that the current method of appraising properties is inherently fraudulent because only a SUBSET of sales are used for comps.
This is the problem correct?
The fact is that appraisers need to look beyond the MLS recent sales to find comps….
Let’s not stray from the facts. That is, these bulk sales are not hidden from the public. I believe they are indeed on the tax roll okay?
In fact the only hidden manipulations are those that are loan modifications or reductions in principal. I do not think those events are made part of the tax roll although I keep harping that they should be.
****************
Now I am gonna plant a little food for thought that I know most of you will disagree with but… just think about it…
Do you think there should be a seperate market for cash verses a seperate market for a financed home? Now I know as you read this your gut will say hell no we should not… but I am not so sure. I am not saying yes or no but I am thinking about it more.
March 20, 2009 at 10:41 PM #371330ParticipantOkay wait a minute. The bulk purchases ARE public information. They are on the tax roll. Guys lets identify the problem correctly. That is, the problem is that the current method of appraising properties is inherently fraudulent because only a SUBSET of sales are used for comps.
This is the problem correct?
The fact is that appraisers need to look beyond the MLS recent sales to find comps….
Let’s not stray from the facts. That is, these bulk sales are not hidden from the public. I believe they are indeed on the tax roll okay?
In fact the only hidden manipulations are those that are loan modifications or reductions in principal. I do not think those events are made part of the tax roll although I keep harping that they should be.
****************
Now I am gonna plant a little food for thought that I know most of you will disagree with but… just think about it…
Do you think there should be a seperate market for cash verses a seperate market for a financed home? Now I know as you read this your gut will say hell no we should not… but I am not so sure. I am not saying yes or no but I am thinking about it more.
March 20, 2009 at 10:41 PM #371374ParticipantOkay wait a minute. The bulk purchases ARE public information. They are on the tax roll. Guys lets identify the problem correctly. That is, the problem is that the current method of appraising properties is inherently fraudulent because only a SUBSET of sales are used for comps.
This is the problem correct?
The fact is that appraisers need to look beyond the MLS recent sales to find comps….
Let’s not stray from the facts. That is, these bulk sales are not hidden from the public. I believe they are indeed on the tax roll okay?
In fact the only hidden manipulations are those that are loan modifications or reductions in principal. I do not think those events are made part of the tax roll although I keep harping that they should be.
****************
Now I am gonna plant a little food for thought that I know most of you will disagree with but… just think about it…
Do you think there should be a seperate market for cash verses a seperate market for a financed home? Now I know as you read this your gut will say hell no we should not… but I am not so sure. I am not saying yes or no but I am thinking about it more.
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