Enter the Flipper

Apr 7th, 2007  
by IrvineRenter  in House Flips

Astute Observations

Astute Observation by IrvineRenter
2007-04-07 08:18 AM

Do these realtors even read their own copy?
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Astute Observation by zoiks
2007-04-07 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.

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Astute Observation by irvinesinglemom
2007-04-07 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!

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Astute Observation by A POV
2007-04-07 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.

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Astute Observation by Thomas
2007-04-07 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.

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Astute Observation by Eurominds
2007-04-12 01:42 PM

They just reduced it to $725k. I bet people will line-up to buy it now!

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