tag:blogger.com,1999:blog-15532093.post115102220808061696..comments2007-03-04T07:08:46.956-05:00grimhttp://www.blogger.com/profile/13862618509466218087noreply@blogger.comBlogger45125tag:blogger.com,1999:blog-15532093.post-1151099701966155532006-06-23T16:55:00.000-05:002006-06-23T16:55:00.000-05:00Check on a few properties with dropper price. I am really surprised by the audacity of the seller when their greed goes beyond the control. They are asking for 500K or 400K for some junk! I won't buy most of those until they are below 100K.<BR/><BR/>Let the flipper lose their pants!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151094672949248502006-06-23T15:31:00.000-05:002006-06-23T15:31:00.000-05:00These houses had to be overpriced. <BR/>For example the one in Little Falls, is in flood zone- next to the Passaic river. I've heard that insurance companies will start to buy those properties.- close to the riverAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151091737071505382006-06-23T14:42:00.000-05:002006-06-23T14:42:00.000-05:00Translation<BR/>Breedy = greedy<BR/>owball=lowball<BR/>gruubers=grubbers<BR/>cz=cuz<BR/>Bob <BR/>6/23/2006 02:53:20 PM <BR/><BR/>Bob:<BR/>Can you be "breedy" if you got "owball"?chicagofinancehttp://www.blogger.com/profile/14719422341094780585noreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151091465233501862006-06-23T14:37:00.000-05:002006-06-23T14:37:00.000-05:00<I>"Bob, if I wasn't married...."<BR/><BR/>What?</I><BR/><BR/>Maybe she'd risk losing her family due to jail time for breaking your fingers, just to stop all the inane posting you do?<BR/><BR/>I keed, I keed!RichInNorthNJhttp://www.blogger.com/profile/16610796263371275476noreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151091340379540522006-06-23T14:35:00.000-05:002006-06-23T14:35:00.000-05:00Hah! You do read the other posts.Patnoreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151089743923945912006-06-23T14:09:00.000-05:002006-06-23T14:09:00.000-05:00"Bob, if I wasn't married...."<BR/><BR/>What?<BR/><BR/><BR/>Babababababa<BR/><BR/>BobAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151089703024587382006-06-23T14:08:00.000-05:002006-06-23T14:08:00.000-05:00Inventories are piling up.<BR/><BR/>You buy now your a FOOL!<BR/><BR/>You Buy with a risky Loan that you can't afford You DESERVE the consequences.<BR/><BR/>BABABABBABABABA<BR/><BR/>BOOOOOOOOOOOYcott HOUSES!<BR/><BR/>Bob<BR/><BR/>"A homeowner" who purhcased when houses were priced fairly/reasonably!<BR/><BR/>Do NOT listen to any self-serving RE industry slugs!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151089650570619192006-06-23T14:07:00.000-05:002006-06-23T14:07:00.000-05:00translation<BR/><BR/>wasn't=weren't<BR/><BR/>PatAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151089561127396402006-06-23T14:06:00.000-05:002006-06-23T14:06:00.000-05:00Bob, if I wasn't married....Patnoreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151088800090469552006-06-23T13:53:00.000-05:002006-06-23T13:53:00.000-05:00Translation<BR/>Breedy = greedy<BR/>owball=lowball<BR/>gruubers=grubbers<BR/>cz=cuz<BR/><BR/><BR/>BABABABABABABABABA<BR/><BR/>BobAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151088652406820442006-06-23T13:50:00.000-05:002006-06-23T13:50:00.000-05:00Breedy grubbing sellers pick and choose on comps. They just happen to disregard any owball comps.<BR/><BR/>Not good gruubers cz you ain;t fooling anyone!<BR/><BR/>Suck it up and beg!<BR/><BR/>No BIDS No Visits No buying No MAAS to High ripoff home prices.<BR/><BR/>Don't be a bagholding fool saddled with debt and sign up for monthly slave payments while seller cashes out in comfort.<BR/>Tell'em to shove it and work a little longer for retirement.<BR/><BR/>BOOOOOYcott Houses!<BR/><BR/>BobAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151082099197898452006-06-23T12:01:00.000-05:002006-06-23T12:01:00.000-05:00Home sellers, builders feel pinch of slowdown By Andrea Hopkins<BR/>Thu Jun 22, 12:34 PM ET<BR/> <BR/><BR/><BR/>When Keith Gersin saw the perfect four-bedroom house in southern Ohio four years ago, he jumped to buy it before anyone else could snap it up. When he finally sold it last month, it went for $30,000 less than he had hoped -- and that after seven months on the market.<BR/><BR/>In retrospect, the 41-year-old physician admits he overestimated the U.S. housing market, which has begun cooling after five years of record-breaking sales and double-digit price appreciation.<BR/><BR/>"I was naive," said Gersin, who sold his Cincinnati-area home in May to move to North Carolina with his wife and son. He made about $60,000 on the sale, but had hoped for better.<BR/><BR/>"Everyone thinks their house is the most beautiful in the world, so it comes as a bit of a shock when it doesn't sell right away."<BR/><BR/>The housing slowdown -- sharp in some regions and more gradual in others -- is seen by many economists as an inevitable and even healthy moderation to an overheated market. Even so, for many homeowners, real-estate agents and builders, the market's new direction is not particularly welcome.<BR/><BR/>With mortgage rates rising, sales of existing homes were 5.7 percent slower in April than they were a year earlier, and the inventory of new homes is at a record high.<BR/><BR/>The rising supply of unsold homes makes it that much harder for homeowners to get the sale price they hoped for.<BR/><BR/>"In our neighborhood, on our street, there were three houses that went up for sale within months of each other," said Gersin.<BR/><BR/>Cincinnati real-estate agent Jeff Schnedl has seen a shift in the market.<BR/><BR/>"It is absolutely slower. Some areas are still chugging along but even those are chugging along more slowly than they used to," said Schnedl, who has been selling homes in the Ohio River city for five years.<BR/><BR/>A drive down any street in Cincinnati, whose suburbs straddle Ohio, Kentucky and Indiana, turns up plenty of "For Sale" signs -- with the occasional "Price Reduced" addendum slapped on top.<BR/><BR/>Schnedl said homes are staying on the market longer.<BR/><BR/>"There is a lot more inventory on the market this year than last year -- about 25 percent more. So buyers have more homes to choose from and that slows the sale cycle down. Plus with rising interest rates, people are thinking harder. That slows it down, too."<BR/><BR/>The average rate on a 30-year fixed mortgage rose to 6.63 percent last week, up a full percentage point from 5.63 percent last year, according to mortgage finance company Freddie Mac.<BR/><BR/>Such an increase boosts the cost of a $200,000 mortgage by about 11 percent, or $129 a month, to $1,281 -- an unwelcome jump for consumers who are already feeling the pinch of soaring energy prices.<BR/><BR/>The housing slowdown is also being felt by home builders. While housing starts rose 5 percent in May, permits for future groundbreaking -- an indication of builder confidence -- dropped to the lowest level since 2003, government figures showed this week.<BR/><BR/>In Cincinnati, builders have felt the chill already.<BR/><BR/>"It has slowed a bit -- not to a screeching halt, but some momentum is not there," said Dan Dressman, executive vice-president of the Home Builders Association of Northern Kentucky, which represents about 1,280 building companies. <BR/><BR/>While many builders can likely diversify into commercial construction or rental housing as the market slows, Dressman said job losses will come in about six months if the slowdown persists. <BR/><BR/>"I haven't seen where there actually have been layoffs but if there is a continuous downturn that is one of the likely results," he said. <BR/><BR/>If it is any consolation, home builders have at least one more client. Gersin and his wife are planning to have a house built for them in North Carolina, rising mortgage rates or not. <BR/><BR/>"What are you going to do?" Gersin said. "We're not going to trade our house in for a tent." <BR/><BR/><BR/>POIGNANTAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151082004719902702006-06-23T12:00:00.000-05:002006-06-23T12:00:00.000-05:00MLS# 2274620 - Montclair, NJ (Colonial)<BR/>Previous Price $729,900<BR/>List Price $598,000 (Price Reduced 18.1%)<BR/><BR/>This house was originally listed by another realtor under a diffrent MLS number for $869,000---so in actuality the price was reduced by 31.1%!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151077453830322592006-06-23T10:44:00.000-05:002006-06-23T10:44:00.000-05:00Stop telling Bob!<BR/><BR/>Una falta de ortografía makes me laugh all afternoon.<BR/><BR/>I like thinking about saving the mules by not bidding on real estate. We're like tree hugger contrarians.<BR/><BR/>PatAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151076859190490142006-06-23T10:34:00.000-05:002006-06-23T10:34:00.000-05:00Bob:<BR/><BR/>"mula" is donkey in Spanish [also Pedro Astacio]<BR/><BR/>I think you meant "moola".<BR/><BR/>I don't know if Kevin Maas would approve.<BR/><BR/>chicagochicagofinancehttp://www.blogger.com/profile/14719422341094780585noreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151075622345258012006-06-23T10:13:00.000-05:002006-06-23T10:13:00.000-05:00butt lod of reductions!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151073133950076222006-06-23T09:32:00.001-05:002006-06-23T09:32:00.001-05:00Rich,<BR/><BR/>Assessed value did jump dramatically.<BR/><BR/>2003 $626,600<BR/>2000 $174,000<BR/><BR/>grimgrimhttp://www.blogger.com/profile/13862618509466218087noreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151073122839441702006-06-23T09:32:00.000-05:002006-06-23T09:32:00.000-05:00<I>"It's possible the original home could have been knocked down and a McMansion was put up in it's place."</I><BR/><BR/><BR/>Nope, it's the original structure. They did remodel the kitchen, etc, though.<BR/><BR/>The house and lot are not large, it's just in a 'prime' location (town).UnRealtornoreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151072385274987802006-06-23T09:19:00.001-05:002006-06-23T09:19:00.001-05:00<I>"Sale date: 10/23/1996<BR/>Sale price: $342,000"</I><BR/><BR/>It's possible the original home could have been knocked down and a McMansion was put up in it's place.<BR/><BR/>Just a thought.RichInNorthNJhttp://www.blogger.com/profile/16610796263371275476noreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151072340223897052006-06-23T09:19:00.000-05:002006-06-23T09:19:00.000-05:00Anon, didn't see your post, guess we agree on that one. :)UnRealtornoreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151072259438037692006-06-23T09:17:00.000-05:002006-06-23T09:17:00.000-05:00<I>"Another prior sale on that property.<BR/><BR/>Sale date: 10/23/1996<BR/>Sale price: $342,000"</I><BR/><BR/><BR/>Wow, they made almost 4X in 10 years. Shows how crazy today's prices are. <BR/><BR/>For $350K today you can buy a nice place in Newark.UnRealtornoreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151071957210314112006-06-23T09:12:00.000-05:002006-06-23T09:12:00.000-05:00<I>Sale date:<BR/>10/23/1996<BR/>Sale price:<BR/>$342,000.00 <BR/><BR/>Jun 2005 - Bought for $1,300,000</I><BR/><BR/>Unreal. No wonder the buyer lost his shirt. The seller made about 15% annual gains over 10 years... on real estate.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151071839210181222006-06-23T09:10:00.000-05:002006-06-23T09:10:00.000-05:00<I>"Could there be other circumstances surrounding the prior or current sale that we are unaware of? Sure."</I><BR/><BR/><BR/>Far as I know, a Greater Fool doctor bought that house in June, and then decided not to move in.<BR/><BR/>The market then decided to punish Dr Greater Fool, and make him a bagholder to the tune of $300,000 + 2 closing costs ($30,000) + 12 months of carrying costs ($40,000).<BR/><BR/>Total beating: $370,000 <B>minimum</B>, in only 12 months.UnRealtornoreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151070198432452922006-06-23T08:43:00.000-05:002006-06-23T08:43:00.000-05:00(6/23) CME Housing Futures:<BR/><BR/> Composite NYC LA Mia<BR/>8/06 222 214 262 271<BR/>11/06 217 215 260 264<BR/>2/07 220 209 260 257<BR/>5/07 215 208 251 251<BR/><BR/>Prices are dropping everywhere.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15532093.post-1151067617506350252006-06-23T08:00:00.000-05:002006-06-23T08:00:00.000-05:00Greedy money grubbing sellers do not count the lowball comps.<BR/><BR/>Hahahaha<BR/><BR/>BOOOOOOOYcott Houses...let'em ROT on the market<BR/><BR/>BobAnonymousnoreply@blogger.com