I have a feeling there’s going to be a lot more lushes in the house if/when/once this is sold. Better yet, we’ll see how many lushes show up while it’s REO and the squatters have torn the boards off the windows.
I’m sure they do read their own copy and they think it looks perfect. They are not even literate at a 6th grade level!
Posted by A POV on 04/07/07 at 08:32 PM
The agent mispelled, so what. The discription sounds like a very nice location with attentive ‘pride of ownership’ qualities.
Judgement of value must be viewed (good times and bad) as a long term investment.
Sitting on the sidelines pontificating the ruin of Irvine real-state is silly. Aquisition of a 400k condo or 65m busisiness building have similarities: Have money, create sensible financing, make good use of the asset, plan for a multi-year window.
All other thinking is the rental world.
Long-view investment is not for everybody. Residential real-estate is in a tough patch right now, no question.
Good use of land and improvements have always appreciated over years in well maintained Southern California. That is a fact, not an opinion.
History supports prices will adjust and climb. Picking the perfact time
to buy is humanly impossible.
Either you have the down-payment and income to service the debt or you don’t.
Solid folks may be able to reap from the sub-prime fall-out.
When we live within our means and take the long view, I find real-estate comfortable and rewarding in any market.
Posted by Thomas on 04/07/07 at 09:20 PM
Sounds like the realtor is commenting. Don’t spend your commission yet - the property will be sitting for some time at that price.
Posted by Eurominds on 04/12/07 at 01:42 PM
They just reduced it to $725k. I bet people will line-up to buy it now!
Posted by zoiks on 04/07/07 at 01:12 PM
$739k, that’s ridiculous.
I have a feeling there’s going to be a lot more lushes in the house if/when/once this is sold. Better yet, we’ll see how many lushes show up while it’s REO and the squatters have torn the boards off the windows.
Posted by IrvineRenter on 04/07/07 at 08:18 AM
Do these realtors even read their own copy?
——-
Posted by irvinesinglemom on 04/07/07 at 01:55 PM
I’m sure they do read their own copy and they think it looks perfect. They are not even literate at a 6th grade level!
Posted by A POV on 04/07/07 at 08:32 PM
The agent mispelled, so what. The discription sounds like a very nice location with attentive ‘pride of ownership’ qualities.
Judgement of value must be viewed (good times and bad) as a long term investment.
Sitting on the sidelines pontificating the ruin of Irvine real-state is silly. Aquisition of a 400k condo or 65m busisiness building have similarities: Have money, create sensible financing, make good use of the asset, plan for a multi-year window.
All other thinking is the rental world.
Long-view investment is not for everybody. Residential real-estate is in a tough patch right now, no question.
Good use of land and improvements have always appreciated over years in well maintained Southern California. That is a fact, not an opinion.
History supports prices will adjust and climb. Picking the perfact time
to buy is humanly impossible.
Either you have the down-payment and income to service the debt or you don’t.
Solid folks may be able to reap from the sub-prime fall-out.
When we live within our means and take the long view, I find real-estate comfortable and rewarding in any market.
Posted by Thomas on 04/07/07 at 09:20 PM
Sounds like the realtor is commenting. Don’t spend your commission yet - the property will be sitting for some time at that price.
Posted by Eurominds on 04/12/07 at 01:42 PM
They just reduced it to $725k. I bet people will line-up to buy it now!