WSJ Article on Housing: Local Jim Klinge quoted

[UCGal]

[quote=ocrenter][quote]Not all sellers will take that step. Jerry Anderson has listed his four-bedroom home in Dana Point, Calif., on and off the market for the last two years. He’s cut the price to $1.25 million, down from $1.75 million, but hasn’t had any offers on the home, which has three fireplaces and ocean views.

Mr. Anderson, who bought the home in 1987, says he’ll take it off the market in December if it doesn’t sell rather than cut the price. [quote]

[img_assist|nid=13653|title=dana point million dollar mansion|desc=|link=node|align=left|width=100|height=67]

This is Mr. Anderson’s 1.75 million dollar mansion that he is discounting at $1.25!

it is 2800 sqft on 10,000 sqft lot and first purchased for $400k back in 1987. backing up to a busy street.

I say just take the home off listing. there’s a similar sqft home with less upgrades going for $1.06 in the same tract.[/quote]
3 houses down is listed for $985k. 200 sf smaller – but is 200sf worth $235k?

[jimklinge]

Thanks for including the article – Nick mentioned some great OPT examples, and the inventory is growing daily with them.

Why doesn’t NAR, CAR, or the local associations say something? Why doesn’t any of the major real estate companies say anything? I’m just a little guy, and the WSJ has to come all the way to SD to dig me up to get the truth? Embarassing.

Here is the message that should be ringing from coast to coast:

Sellers, mortgage rates are at all-time lows and prices are down 25-50% depending on your area – those two ingredients are making for ideal conditions. Buyers want to buy, and are extremely well-educated on values.

IF YOUR HOUSE ISN’T SELLING, YOUR PRICE IS TOO HIGH. THERE IS NO OTHER REASON.

[jimklinge]

Thanks for including the article – Nick mentioned some great OPT examples, and the inventory is growing daily with them.

Why doesn’t NAR, CAR, or the local associations say something? Why doesn’t any of the major real estate companies say anything? I’m just a little guy, and the WSJ has to come all the way to SD to dig me up to get the truth? Embarassing.

Here is the message that should be ringing from coast to coast:

Sellers, mortgage rates are at all-time lows and prices are down 25-50% depending on your area – those two ingredients are making for ideal conditions. Buyers want to buy, and are extremely well-educated on values.

IF YOUR HOUSE ISN’T SELLING, YOUR PRICE IS TOO HIGH. THERE IS NO OTHER REASON.

[jimklinge]

Thanks for including the article – Nick mentioned some great OPT examples, and the inventory is growing daily with them.

Why doesn’t NAR, CAR, or the local associations say something? Why doesn’t any of the major real estate companies say anything? I’m just a little guy, and the WSJ has to come all the way to SD to dig me up to get the truth? Embarassing.

Here is the message that should be ringing from coast to coast:

Sellers, mortgage rates are at all-time lows and prices are down 25-50% depending on your area – those two ingredients are making for ideal conditions. Buyers want to buy, and are extremely well-educated on values.

IF YOUR HOUSE ISN’T SELLING, YOUR PRICE IS TOO HIGH. THERE IS NO OTHER REASON.

[jimklinge]

Thanks for including the article – Nick mentioned some great OPT examples, and the inventory is growing daily with them.

Why doesn’t NAR, CAR, or the local associations say something? Why doesn’t any of the major real estate companies say anything? I’m just a little guy, and the WSJ has to come all the way to SD to dig me up to get the truth? Embarassing.

Here is the message that should be ringing from coast to coast:

Sellers, mortgage rates are at all-time lows and prices are down 25-50% depending on your area – those two ingredients are making for ideal conditions. Buyers want to buy, and are extremely well-educated on values.

IF YOUR HOUSE ISN’T SELLING, YOUR PRICE IS TOO HIGH. THERE IS NO OTHER REASON.

[jimklinge]

Thanks for including the article – Nick mentioned some great OPT examples, and the inventory is growing daily with them.

Why doesn’t NAR, CAR, or the local associations say something? Why doesn’t any of the major real estate companies say anything? I’m just a little guy, and the WSJ has to come all the way to SD to dig me up to get the truth? Embarassing.

Here is the message that should be ringing from coast to coast:

Sellers, mortgage rates are at all-time lows and prices are down 25-50% depending on your area – those two ingredients are making for ideal conditions. Buyers want to buy, and are extremely well-educated on values.

IF YOUR HOUSE ISN’T SELLING, YOUR PRICE IS TOO HIGH. THERE IS NO OTHER REASON.

[CA renter]

Amen, Jim!

[CA renter]

Amen, Jim!

[CA renter]

Amen, Jim!

[CA renter]

Amen, Jim!

[CA renter]

Amen, Jim!

[scaredyclassic]

if your house isn’t selling over what time period? 1 hour? i day? 1 week? 1 month? without a time qualifier, the statement is kinda meaningless.

[scaredyclassic]

if your house isn’t selling over what time period? 1 hour? i day? 1 week? 1 month? without a time qualifier, the statement is kinda meaningless.

[scaredyclassic]

if your house isn’t selling over what time period? 1 hour? i day? 1 week? 1 month? without a time qualifier, the statement is kinda meaningless.

[scaredyclassic]

if your house isn’t selling over what time period? 1 hour? i day? 1 week? 1 month? without a time qualifier, the statement is kinda meaningless.

[Author]

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