[jpinpb]

That’s true. I can’t imagine paying more thank 5k a month for rent. Even if they put money down, gosh, I can’t see more than 20%. Maybe they’ll reduce it 20%, then and walk away. Tragic loss for them. Hard lesson.

Sorry I misunderstood about 60k. That would put in a very nice pool. I’ll bring towels and suntan lotion. 🙂

Let’s keep an eye. Maybe he will get lucky and find someone to give him what he wants. Surprise us all.

[jpinpb]

That’s true. I can’t imagine paying more thank 5k a month for rent. Even if they put money down, gosh, I can’t see more than 20%. Maybe they’ll reduce it 20%, then and walk away. Tragic loss for them. Hard lesson.

Sorry I misunderstood about 60k. That would put in a very nice pool. I’ll bring towels and suntan lotion. 🙂

Let’s keep an eye. Maybe he will get lucky and find someone to give him what he wants. Surprise us all.

[jpinpb]

That’s true. I can’t imagine paying more thank 5k a month for rent. Even if they put money down, gosh, I can’t see more than 20%. Maybe they’ll reduce it 20%, then and walk away. Tragic loss for them. Hard lesson.

Sorry I misunderstood about 60k. That would put in a very nice pool. I’ll bring towels and suntan lotion. 🙂

Let’s keep an eye. Maybe he will get lucky and find someone to give him what he wants. Surprise us all.

[jpinpb]

If you pick up that place for 600k less, you better invite me over for your pool party. 🙂

I’ll tell you I just don’t see that place going for any less that 1.1 mil, what the guy paid for it. I see them paying til it hurts to keep it going. Hopefully they have a good realtor who will go out there and market and push to sell.

I don’t see the bank taking it back. Maybe they’ll rent it out. I don’t know what options are available. I don’t see them going down or walking away. That would be a hell of a mark on your credit for quite a while.

If you have the kind of pull to get a million dollar house, then why would you take that risk. Of course, I don’t know the details, if they put money down, if it’s the last of the ARMs.

It will be great to follow this and see what happens for sure. I think they bit off more than they can chew, but you never know. They were foolish enough to buy thinking they’ve got a deal. Maybe there’s another person out there thinking it’s a good time to buy and they stopped making land and everyone wants to live here and we’ve hit bottom and even though the media is putting out all this bad news, next year prices are going to go up, up and away.

If someone buys that place for 1.3+, I want to talk to them about this great bridge I’m trying to sell.

[jpinpb]

If you pick up that place for 600k less, you better invite me over for your pool party. 🙂

I’ll tell you I just don’t see that place going for any less that 1.1 mil, what the guy paid for it. I see them paying til it hurts to keep it going. Hopefully they have a good realtor who will go out there and market and push to sell.

I don’t see the bank taking it back. Maybe they’ll rent it out. I don’t know what options are available. I don’t see them going down or walking away. That would be a hell of a mark on your credit for quite a while.

If you have the kind of pull to get a million dollar house, then why would you take that risk. Of course, I don’t know the details, if they put money down, if it’s the last of the ARMs.

It will be great to follow this and see what happens for sure. I think they bit off more than they can chew, but you never know. They were foolish enough to buy thinking they’ve got a deal. Maybe there’s another person out there thinking it’s a good time to buy and they stopped making land and everyone wants to live here and we’ve hit bottom and even though the media is putting out all this bad news, next year prices are going to go up, up and away.

If someone buys that place for 1.3+, I want to talk to them about this great bridge I’m trying to sell.

[jpinpb]

If you pick up that place for 600k less, you better invite me over for your pool party. 🙂

I’ll tell you I just don’t see that place going for any less that 1.1 mil, what the guy paid for it. I see them paying til it hurts to keep it going. Hopefully they have a good realtor who will go out there and market and push to sell.

I don’t see the bank taking it back. Maybe they’ll rent it out. I don’t know what options are available. I don’t see them going down or walking away. That would be a hell of a mark on your credit for quite a while.

If you have the kind of pull to get a million dollar house, then why would you take that risk. Of course, I don’t know the details, if they put money down, if it’s the last of the ARMs.

It will be great to follow this and see what happens for sure. I think they bit off more than they can chew, but you never know. They were foolish enough to buy thinking they’ve got a deal. Maybe there’s another person out there thinking it’s a good time to buy and they stopped making land and everyone wants to live here and we’ve hit bottom and even though the media is putting out all this bad news, next year prices are going to go up, up and away.

If someone buys that place for 1.3+, I want to talk to them about this great bridge I’m trying to sell.

[jpinpb]

If you pick up that place for 600k less, you better invite me over for your pool party. 🙂

I’ll tell you I just don’t see that place going for any less that 1.1 mil, what the guy paid for it. I see them paying til it hurts to keep it going. Hopefully they have a good realtor who will go out there and market and push to sell.

I don’t see the bank taking it back. Maybe they’ll rent it out. I don’t know what options are available. I don’t see them going down or walking away. That would be a hell of a mark on your credit for quite a while.

If you have the kind of pull to get a million dollar house, then why would you take that risk. Of course, I don’t know the details, if they put money down, if it’s the last of the ARMs.

It will be great to follow this and see what happens for sure. I think they bit off more than they can chew, but you never know. They were foolish enough to buy thinking they’ve got a deal. Maybe there’s another person out there thinking it’s a good time to buy and they stopped making land and everyone wants to live here and we’ve hit bottom and even though the media is putting out all this bad news, next year prices are going to go up, up and away.

If someone buys that place for 1.3+, I want to talk to them about this great bridge I’m trying to sell.

[jpinpb]

If you pick up that place for 600k less, you better invite me over for your pool party. 🙂

I’ll tell you I just don’t see that place going for any less that 1.1 mil, what the guy paid for it. I see them paying til it hurts to keep it going. Hopefully they have a good realtor who will go out there and market and push to sell.

I don’t see the bank taking it back. Maybe they’ll rent it out. I don’t know what options are available. I don’t see them going down or walking away. That would be a hell of a mark on your credit for quite a while.

If you have the kind of pull to get a million dollar house, then why would you take that risk. Of course, I don’t know the details, if they put money down, if it’s the last of the ARMs.

It will be great to follow this and see what happens for sure. I think they bit off more than they can chew, but you never know. They were foolish enough to buy thinking they’ve got a deal. Maybe there’s another person out there thinking it’s a good time to buy and they stopped making land and everyone wants to live here and we’ve hit bottom and even though the media is putting out all this bad news, next year prices are going to go up, up and away.

If someone buys that place for 1.3+, I want to talk to them about this great bridge I’m trying to sell.

[jpinpb]

That lot sure is big enough for a pool in the backyard, and quite private w/that endless canyon behind you. But I think you’re right. If you like that area, it seems 800k would be a very good price. I am not in love w/the area or the house. Probably the people who bought it aren’t either, or they’d be living in it. Clearly they bought it for investment purposes only.

I just keep thinking if in 2006 it sold for nearly 1.5 mil, then picking it up for a mil was a good deal. But I agree w/you. It is amusing that someone actually believes they can flip it in today’s market for a quick 300k profit. Very bold. I’m just surprised and rather stunned. When I see that, I start questioning whether what I’m hearing about the market is accurate, if these kinds of transactions are still occurring. And if builders are selling for the same amount or less in that area, hard to compete w/builders. Builders are dealing and throwing in xtras and even willing to pay HOAs or buy-downs. Can’t justify 300k for some grass and trees, especially if you want a pool anyway.

[jpinpb]

That lot sure is big enough for a pool in the backyard, and quite private w/that endless canyon behind you. But I think you’re right. If you like that area, it seems 800k would be a very good price. I am not in love w/the area or the house. Probably the people who bought it aren’t either, or they’d be living in it. Clearly they bought it for investment purposes only.

I just keep thinking if in 2006 it sold for nearly 1.5 mil, then picking it up for a mil was a good deal. But I agree w/you. It is amusing that someone actually believes they can flip it in today’s market for a quick 300k profit. Very bold. I’m just surprised and rather stunned. When I see that, I start questioning whether what I’m hearing about the market is accurate, if these kinds of transactions are still occurring. And if builders are selling for the same amount or less in that area, hard to compete w/builders. Builders are dealing and throwing in xtras and even willing to pay HOAs or buy-downs. Can’t justify 300k for some grass and trees, especially if you want a pool anyway.

[jpinpb]

That lot sure is big enough for a pool in the backyard, and quite private w/that endless canyon behind you. But I think you’re right. If you like that area, it seems 800k would be a very good price. I am not in love w/the area or the house. Probably the people who bought it aren’t either, or they’d be living in it. Clearly they bought it for investment purposes only.

I just keep thinking if in 2006 it sold for nearly 1.5 mil, then picking it up for a mil was a good deal. But I agree w/you. It is amusing that someone actually believes they can flip it in today’s market for a quick 300k profit. Very bold. I’m just surprised and rather stunned. When I see that, I start questioning whether what I’m hearing about the market is accurate, if these kinds of transactions are still occurring. And if builders are selling for the same amount or less in that area, hard to compete w/builders. Builders are dealing and throwing in xtras and even willing to pay HOAs or buy-downs. Can’t justify 300k for some grass and trees, especially if you want a pool anyway.

[jpinpb]

That lot sure is big enough for a pool in the backyard, and quite private w/that endless canyon behind you. But I think you’re right. If you like that area, it seems 800k would be a very good price. I am not in love w/the area or the house. Probably the people who bought it aren’t either, or they’d be living in it. Clearly they bought it for investment purposes only.

I just keep thinking if in 2006 it sold for nearly 1.5 mil, then picking it up for a mil was a good deal. But I agree w/you. It is amusing that someone actually believes they can flip it in today’s market for a quick 300k profit. Very bold. I’m just surprised and rather stunned. When I see that, I start questioning whether what I’m hearing about the market is accurate, if these kinds of transactions are still occurring. And if builders are selling for the same amount or less in that area, hard to compete w/builders. Builders are dealing and throwing in xtras and even willing to pay HOAs or buy-downs. Can’t justify 300k for some grass and trees, especially if you want a pool anyway.

[jpinpb]

That lot sure is big enough for a pool in the backyard, and quite private w/that endless canyon behind you. But I think you’re right. If you like that area, it seems 800k would be a very good price. I am not in love w/the area or the house. Probably the people who bought it aren’t either, or they’d be living in it. Clearly they bought it for investment purposes only.

I just keep thinking if in 2006 it sold for nearly 1.5 mil, then picking it up for a mil was a good deal. But I agree w/you. It is amusing that someone actually believes they can flip it in today’s market for a quick 300k profit. Very bold. I’m just surprised and rather stunned. When I see that, I start questioning whether what I’m hearing about the market is accurate, if these kinds of transactions are still occurring. And if builders are selling for the same amount or less in that area, hard to compete w/builders. Builders are dealing and throwing in xtras and even willing to pay HOAs or buy-downs. Can’t justify 300k for some grass and trees, especially if you want a pool anyway.

[jpinpb]

ucodegen – I think that fireplace is actually in the courtyard between the 2 garages. You can’t see the courtyard from the from of the house. I am not so impressed w/that kind of layout. Seems like the courtyard wouldn’t get much sunlight.

Even the exterior is not so stunning. I’ve seen much nicer exteriors in 4S Ranch, some that look like villas in Tuscany. But I don’t have a million to spend right now. Close, but not quite. Nevertheless, if I had a million right now, I doubt I’d get this place, regardless of their view on top of the hill in the middle of nowhere.

From what I understand, builders in that area are selling homes for under that amount they’re asking for this place. Some sod and trees doesn’t amount to 300k more than other properties in the area. Builders are willing to deal.

[jpinpb]

ucodegen – I think that fireplace is actually in the courtyard between the 2 garages. You can’t see the courtyard from the from of the house. I am not so impressed w/that kind of layout. Seems like the courtyard wouldn’t get much sunlight.

Even the exterior is not so stunning. I’ve seen much nicer exteriors in 4S Ranch, some that look like villas in Tuscany. But I don’t have a million to spend right now. Close, but not quite. Nevertheless, if I had a million right now, I doubt I’d get this place, regardless of their view on top of the hill in the middle of nowhere.

From what I understand, builders in that area are selling homes for under that amount they’re asking for this place. Some sod and trees doesn’t amount to 300k more than other properties in the area. Builders are willing to deal.

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