[jpinpb]

Didn’t Japan lower their rate almost to zero and it didn’t help them? I don’t know the details of how similar we are to what they went through, but I see some resemblance.

[jpinpb]

Didn’t Japan lower their rate almost to zero and it didn’t help them? I don’t know the details of how similar we are to what they went through, but I see some resemblance.

[jpinpb]

Didn’t Japan lower their rate almost to zero and it didn’t help them? I don’t know the details of how similar we are to what they went through, but I see some resemblance.

[jpinpb]

I noticed that the bank owned ones sit on the market for a LONG time. The banks seem unwilling to budge. I guess they’d rather the place sit empty until they get their price. But I have real trouble understanding their logic. Everything I read seems to indicate the real estate market will be suffering for the next year or two, maybe longer. You would think the bank would just cut their losses. I can understand holding on if you think the market is going to get better, but when people are just walking away and inventory rising and prices coming down and credit tightening, it blows my mind that they wait longer.

Example
This place is a short sale on the market since 09/13/2007.

http://www.sdlookup.com/MLS-076073308-10254_Wateridge_Cir_213_San_Diego_CA_92121

[jpinpb]

I noticed that the bank owned ones sit on the market for a LONG time. The banks seem unwilling to budge. I guess they’d rather the place sit empty until they get their price. But I have real trouble understanding their logic. Everything I read seems to indicate the real estate market will be suffering for the next year or two, maybe longer. You would think the bank would just cut their losses. I can understand holding on if you think the market is going to get better, but when people are just walking away and inventory rising and prices coming down and credit tightening, it blows my mind that they wait longer.

Example
This place is a short sale on the market since 09/13/2007.

http://www.sdlookup.com/MLS-076073308-10254_Wateridge_Cir_213_San_Diego_CA_92121

[jpinpb]

I noticed that the bank owned ones sit on the market for a LONG time. The banks seem unwilling to budge. I guess they’d rather the place sit empty until they get their price. But I have real trouble understanding their logic. Everything I read seems to indicate the real estate market will be suffering for the next year or two, maybe longer. You would think the bank would just cut their losses. I can understand holding on if you think the market is going to get better, but when people are just walking away and inventory rising and prices coming down and credit tightening, it blows my mind that they wait longer.

Example
This place is a short sale on the market since 09/13/2007.

http://www.sdlookup.com/MLS-076073308-10254_Wateridge_Cir_213_San_Diego_CA_92121

[jpinpb]

I noticed that the bank owned ones sit on the market for a LONG time. The banks seem unwilling to budge. I guess they’d rather the place sit empty until they get their price. But I have real trouble understanding their logic. Everything I read seems to indicate the real estate market will be suffering for the next year or two, maybe longer. You would think the bank would just cut their losses. I can understand holding on if you think the market is going to get better, but when people are just walking away and inventory rising and prices coming down and credit tightening, it blows my mind that they wait longer.

Example
This place is a short sale on the market since 09/13/2007.

http://www.sdlookup.com/MLS-076073308-10254_Wateridge_Cir_213_San_Diego_CA_92121

[jpinpb]

I noticed that the bank owned ones sit on the market for a LONG time. The banks seem unwilling to budge. I guess they’d rather the place sit empty until they get their price. But I have real trouble understanding their logic. Everything I read seems to indicate the real estate market will be suffering for the next year or two, maybe longer. You would think the bank would just cut their losses. I can understand holding on if you think the market is going to get better, but when people are just walking away and inventory rising and prices coming down and credit tightening, it blows my mind that they wait longer.

Example
This place is a short sale on the market since 09/13/2007.

http://www.sdlookup.com/MLS-076073308-10254_Wateridge_Cir_213_San_Diego_CA_92121

[jpinpb]

I had my doubts about REDC, which is one of the reasons I didn’t attend. That and seems auctions always end up overpriced. They had the 5% fee and undisclosed reserve and right to cancel.

Too many fools attending, thinking they’re getting a deal. Stand by for more auctions in the future on other complexes that aren’t selling well.

[jpinpb]

I had my doubts about REDC, which is one of the reasons I didn’t attend. That and seems auctions always end up overpriced. They had the 5% fee and undisclosed reserve and right to cancel.

Too many fools attending, thinking they’re getting a deal. Stand by for more auctions in the future on other complexes that aren’t selling well.

[jpinpb]

I had my doubts about REDC, which is one of the reasons I didn’t attend. That and seems auctions always end up overpriced. They had the 5% fee and undisclosed reserve and right to cancel.

Too many fools attending, thinking they’re getting a deal. Stand by for more auctions in the future on other complexes that aren’t selling well.

[jpinpb]

I had my doubts about REDC, which is one of the reasons I didn’t attend. That and seems auctions always end up overpriced. They had the 5% fee and undisclosed reserve and right to cancel.

Too many fools attending, thinking they’re getting a deal. Stand by for more auctions in the future on other complexes that aren’t selling well.

[jpinpb]

I had my doubts about REDC, which is one of the reasons I didn’t attend. That and seems auctions always end up overpriced. They had the 5% fee and undisclosed reserve and right to cancel.

Too many fools attending, thinking they’re getting a deal. Stand by for more auctions in the future on other complexes that aren’t selling well.

[jpinpb]

I had my doubts about REDC and that’s why I didn’t bother to go, besides the fact that it seems people always overbid at auctions. It doesn’t surprise me that they might have had people trying to bump up bids. That and their undisclosed reserve and right to cancel if it doesn’t meet what they want and the 5% commssion.

Suckers is right, anyone that attends these auctions thinking they’re getting some deal. Complete waste of time. Problem is too many fools are going for it. So expect to see more auctions by them for other complexes not selling so well.

[jpinpb]

I had my doubts about REDC and that’s why I didn’t bother to go, besides the fact that it seems people always overbid at auctions. It doesn’t surprise me that they might have had people trying to bump up bids. That and their undisclosed reserve and right to cancel if it doesn’t meet what they want and the 5% commssion.

Suckers is right, anyone that attends these auctions thinking they’re getting some deal. Complete waste of time. Problem is too many fools are going for it. So expect to see more auctions by them for other complexes not selling so well.

[Author]

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