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December 7, 2007 at 9:42 AM in reply to: If California is so worried about Real Estate then why don’t they #111490December 7, 2007 at 9:42 AM in reply to: If California is so worried about Real Estate then why don’t they #111513
ocrenter
Participantduring the bust, the properties with outrageous mello roos will be severely punished.
Participantthis is the perfect example of why RSF prices are sticky.
this group went out and bought 15 million worth of homes all highly leveraged, they are trying to sell most of them but finding no buyers. yet these guys continue to be current on the mortgage and taxes.
almost as if you are paying a game of chicken with them. you know they are draining their resources, but they have a firm belief that things will turn around shortly so they keep making the payments and keeping the asking price high up there.
who’s going to blink first?
Participantthis is the perfect example of why RSF prices are sticky.
this group went out and bought 15 million worth of homes all highly leveraged, they are trying to sell most of them but finding no buyers. yet these guys continue to be current on the mortgage and taxes.
almost as if you are paying a game of chicken with them. you know they are draining their resources, but they have a firm belief that things will turn around shortly so they keep making the payments and keeping the asking price high up there.
who’s going to blink first?
Participantthis is the perfect example of why RSF prices are sticky.
this group went out and bought 15 million worth of homes all highly leveraged, they are trying to sell most of them but finding no buyers. yet these guys continue to be current on the mortgage and taxes.
almost as if you are paying a game of chicken with them. you know they are draining their resources, but they have a firm belief that things will turn around shortly so they keep making the payments and keeping the asking price high up there.
who’s going to blink first?
Participantthis is the perfect example of why RSF prices are sticky.
this group went out and bought 15 million worth of homes all highly leveraged, they are trying to sell most of them but finding no buyers. yet these guys continue to be current on the mortgage and taxes.
almost as if you are paying a game of chicken with them. you know they are draining their resources, but they have a firm belief that things will turn around shortly so they keep making the payments and keeping the asking price high up there.
who’s going to blink first?
Participantthis is the perfect example of why RSF prices are sticky.
this group went out and bought 15 million worth of homes all highly leveraged, they are trying to sell most of them but finding no buyers. yet these guys continue to be current on the mortgage and taxes.
almost as if you are paying a game of chicken with them. you know they are draining their resources, but they have a firm belief that things will turn around shortly so they keep making the payments and keeping the asking price high up there.
who’s going to blink first?
Participantit isn’t just the builders, the floppers are flopping away as well.
17259 4S RANCH PARKWAY, SD – Rancho Bernardo, CA 92127
–3,525 sqft
–purchased for $765,000 back in June of ’07 (per zillow)
–asking for $706,845looks like this one is right next door.
this guy thought he had a screaming deal (well, much better mello roos payment on this one), but that doesn’t seem to be the case any more. the neighbor next door is scheduled to be auctioned off this month, will be interesting.
Participantit isn’t just the builders, the floppers are flopping away as well.
17259 4S RANCH PARKWAY, SD – Rancho Bernardo, CA 92127
–3,525 sqft
–purchased for $765,000 back in June of ’07 (per zillow)
–asking for $706,845looks like this one is right next door.
this guy thought he had a screaming deal (well, much better mello roos payment on this one), but that doesn’t seem to be the case any more. the neighbor next door is scheduled to be auctioned off this month, will be interesting.
Participantit isn’t just the builders, the floppers are flopping away as well.
17259 4S RANCH PARKWAY, SD – Rancho Bernardo, CA 92127
–3,525 sqft
–purchased for $765,000 back in June of ’07 (per zillow)
–asking for $706,845looks like this one is right next door.
this guy thought he had a screaming deal (well, much better mello roos payment on this one), but that doesn’t seem to be the case any more. the neighbor next door is scheduled to be auctioned off this month, will be interesting.
Participantit isn’t just the builders, the floppers are flopping away as well.
17259 4S RANCH PARKWAY, SD – Rancho Bernardo, CA 92127
–3,525 sqft
–purchased for $765,000 back in June of ’07 (per zillow)
–asking for $706,845looks like this one is right next door.
this guy thought he had a screaming deal (well, much better mello roos payment on this one), but that doesn’t seem to be the case any more. the neighbor next door is scheduled to be auctioned off this month, will be interesting.
Participantit isn’t just the builders, the floppers are flopping away as well.
17259 4S RANCH PARKWAY, SD – Rancho Bernardo, CA 92127
–3,525 sqft
–purchased for $765,000 back in June of ’07 (per zillow)
–asking for $706,845looks like this one is right next door.
this guy thought he had a screaming deal (well, much better mello roos payment on this one), but that doesn’t seem to be the case any more. the neighbor next door is scheduled to be auctioned off this month, will be interesting.
Participanttrue, was thinking about that later on today.
what these folks really need to do is go on a strict budget and cut out any unnecessary expenses. if that doesn’t work, there’s always Arizona.
Participanttrue, was thinking about that later on today.
what these folks really need to do is go on a strict budget and cut out any unnecessary expenses. if that doesn’t work, there’s always Arizona.
Participanttrue, was thinking about that later on today.
what these folks really need to do is go on a strict budget and cut out any unnecessary expenses. if that doesn’t work, there’s always Arizona.
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