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55% Haircut in Huntington Beach


By DaveM_Renter   Follow   Thu, 9 Feb 2012, 5:23pm PST   4,401 views   15 comments
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Here's someone who bought at the peak and then went crazy pimping out his place, putting $750k into upgrades:
http://www.redfin.com/CA/Huntington-Beach/21254-Ronda-Cir-92648/home/5948207

After 2 months of dramatic asking price changes, the price just got dropped to $800k with status "Pending", which is 53% below the purchase price of $1.6Million in 2006 - check out the price history, a great example of delusion and wishful thinking...

Let's wait for the final sale price to see if the current price is real...

Comments 1-15 of 15     Last »

APOCALYPSEFUCKisShostikovitch   Thu, 9 Feb 2012, 9:52pm PST   Share   Quote   Permalink   Like (3)   Dislike (2)     Comment 1

The bottom hit in 2009!

It's never been a better time to buy!

You're not in this year, you and your progeny will never have a chance to live indoors again!

Hahahahahahahahaha! Hahahahahahahaha!

elliemae   Thu, 9 Feb 2012, 10:45pm PST   Share   Quote   Permalink   Like   Dislike     Comment 2

Wow! that place is gorgeous. But I couldn't live there. Why would anyone want to live where there's nowhere for little people to write on the wall with crayons? You can't slide down the bannister and it's a freakin' condo - no yard.

But it's gorgeous enough for the real elliemae clampett to love, i guess.

bubblesitter   Thu, 9 Feb 2012, 10:47pm PST   Share   Quote   Permalink   Like   Dislike (1)     Comment 3

APOCALYPSEFUCK is Tony Manero says

The bottom hit in 2009!

It's never been a better time to buy!

You're not in this year, you and your progeny will never have a chance to live indoors again!

Hahahahahahahahaha! Hahahahahahahaha!

Dude. You realize you are on the top of ignore list? What the heck, keep it coming.

bubblesitter   Thu, 9 Feb 2012, 10:49pm PST   Share   Quote   Permalink   Like (1)   Dislike     Comment 4

Wait a minute, 800K for a condo? LOL.

PockyClipsNow   Fri, 10 Feb 2012, 1:32am PST   Share   Quote   Permalink   Like (1)   Dislike (1)     Comment 5

haha the plasma is mounted 12 feet high above fire place. totally useless except to show off the 60 inch tv (during bubble era those cost about 6k, now under 2k at costco).

I cant stand it when the TV is mounted above the Fireplace. You cant watch it that high.

Waitingtobuy   Sat, 11 Feb 2012, 1:25am PST   Share   Quote   Permalink   Like   Dislike     Comment 6

Lots of upgrades, but definitely not my style. Too gaudy. And I don't like gated communities with a $400 HOA either.

I'm not sure this fits the true description of a condo. More like a townhouse, but for loan purposes, have to describe it as such.

We paid $800K for a townhouse in July. We wanted to stay in the South Bay (LA) and we could either get a 1400-1500 sq foot mid century place with a 5000 sq foot lot away from the ocean, or a townhouse with a tiny yard, but walking distance to the beach. It's truly a lifestyle decision. Sometimes I wish for the yard (and its accompanying yard care headaches), but our neighborhood is great and we live in one of the least expensive places on the block.

As for the plasma mounted above the fireplace, we did the same. At first it was an adjustment, but from 12 feet out, it's no big deal. (and we paid $1500 at costco 5 years ago for our 50 inch).

toothfairy   Sat, 11 Feb 2012, 1:35am PST   Share   Quote   Permalink   Like   Dislike     Comment 7

nobody cuts their asking price in half in one month. probably looking to incite a bidding war.

SubOink   Sat, 11 Feb 2012, 2:28am PST   Share   Quote   Permalink   Like   Dislike     Comment 8

this is what comes to mind ...

http://en.wikipedia.org/wiki/Kitsch

thomas.wong1986   Sun, 12 Feb 2012, 5:04pm PST   Share   Quote   Permalink   Like   Dislike (1)     Comment 9

As they say... rich people buying million plus homes dont take out loans.

Similar home saw equal cuts...
http://www.redfin.com/CA/Huntington-Beach/21347-Andalucia-Ln-92648/home/5948347

Property History for 21347 ANDALUCIA Ln
Date Event Price Appreciation Source
Nov 02, 2011 Sold (Public Records) $920,000 -6.8%/yr Public Records
Nov 02, 2011 Sold (MLS) (Closed) $920,000 -- Inactive CRMLS #S669173
Aug 13, 2011 Pending -- -- Inactive CRMLS #S669173
Aug 05, 2011 Listed (Active) $949,900 -- Inactive CRMLS #S669173
Aug 18, 2010 Sold (Public Records)
This home was foreclosed
Foreclosure more info and bank-owned

REO (Real Estate Owned Home)
Short for "real estate owned," REOs are foreclosed homes owned by banks and lenders.
more info . $967,500 -- Public Records

Mar 08, 2005 Sold (Public Records) $1,468,500 -- Public Records

ArtimusMaxtor   Sun, 12 Feb 2012, 6:39pm PST   Share   Quote   Permalink   Like   Dislike     Comment 10

See you later, sucker 5:13

You rich people, listen! Cry and be very sad because of the troubles that are coming to you.2 Your riches have rotted, and your clothes have been eaten by moths.3 Your gold and silver have rusted, and that rust will be a proof that you were wrong *(see: "by the time your dead"). It will eat your bodies like fire. You saved your treasure for the last days.4 The pay you did not give the workers who mowed your fields cries out against you, and the cries of the workers have been heard by the Lord All-Powerful. (See: work for nothing. Only in debt. Can't wait till I'm dead) 5 Your life on earth was full of rich living and pleasing yourselves with everything you wanted.

So the rich are screwed. *You have to wait till your dead of course. By then your loan is paid off (close to dead). It all works out. For someone...

Now heres the thing. You don't think the lenders are there when your dead. Oh they wouldn't miss that one. It's part of the deal. Theyre going to make sure you get to Wonderland. You get a complementary bible of course. Don't thank them. They printed way more than they needed. Don't ever forget those bastards can print.

You also might not be aware. That they will also finance vengence. On any people. Any act of outrage. Of course you have to provide the outrage or catalyst to precipitate any act of "Righteous" vengence. On successful "Overthrow" of any government. Or of any peoples governments. Or successful installation of a "New government" payments may be deferred for up to 3 months. The nation of Israel will be provided for any apocalyptic purpose. Or any act of religous "Righteousness" or religous "Indignation" for a small fee. Any damage to homes and commerical buildings in Israel caused by any staged apocalyptic or religious (Herein known as "Righteous") event (due to bad planning). From rockets or any other incendiary shall be the sole responibility of the borrower. All limited engagments will be financed on ballon payments. Targets will be provided at no extra charge. Nuclear targets (herein known as "The Shell") advertising will be provided at no extra charge for "The Shell". As long as religous belief in the last days and Pat Robertson exsist. Also any apocolyptic "spoofing" on the part of both parties involved in any limited engagment is subject to the "dual agency" rule. Actually I added that one. It's my fond wish they meet in the middle of a field somewhere blow each others heads off. So I don't have to hear or see their obnoxious bullshit anymore.

Bigsby   Sun, 12 Feb 2012, 7:33pm PST   Share   Quote   Permalink   Like   Dislike     Comment 11

That is complete and utter gibberish.

investor90   Sun, 12 Feb 2012, 11:34pm PST   Share   Quote   Permalink   Like   Dislike     Comment 12

APOCALYPSEFUCK is Tony Manero says

The bottom hit in 2009!

It's never been a better time to buy!

You're not in this year, you and your progeny will never have a chance to live indoors again!

Hahahahahahahahaha! Hahahahahahahaha!

Why are you so optimistic? I am looking at houses to buy that averaged $650-700 k in 2005 that today are at $250k. I told one agent that the asking price was way out of line with reality. They gave me the "this is a $650k house---this is the best time to buy blast of gas" and I told them--look at the sold comps! This house will sell for $210k and is on the way down to $150k! The Real-idiot reluctantly agreed that he though $210K was realistic TODAY but that he felt (30 yrs experience) we had 5 more years to go. I asked him "why try so hard to keep asking prices high?" and he replied I have to try something to keep them up---most people will think they are getting a deal. Haha ha

Dan8267   Mon, 13 Feb 2012, 5:13am PST   Share   Quote   Permalink   Like (1)   Dislike     Comment 13

I can honestly see how this place would be worth more than $100/sq.ft. if it were a single family detached house since it has a nice interior. If it were a single family detached house on a decent size lot, I could imagine it being worth $400k, half of what it sold for.

But it's a freakin' condo. You share walls with noisy neighbors. It doesn't have it's own lots. Sure, it's a nice condo, a big condo, but it's not a house! $250k tops in real value.

PockyClipsNow says

haha the plasma is mounted 12 feet high above fire place. totally useless except to show off the 60 inch tv

Yeah, the plasma TV adds $1000 to the value of the condo. Plasma TVs are cheap. I guess realtors believe that people are dumb enough to overestimate how much the TV would cost to buy separate from the house, which you would want to do anyway to avoid paying property taxes on the TV for the rest of your life, even after the TV is gone.

Still, perhaps people are dumb enough to fall for the plasma TV trick.

leo707   Mon, 13 Feb 2012, 5:35am PST   Share   Quote   Permalink   Like   Dislike (1)     Comment 14

investor90 says

Why are you so optimistic?

Ah, ha, I don't think anyone has ever accused APOCALYPSEFUCK is Tony Manero as being optimistic.

everything   Mon, 13 Feb 2012, 12:04pm PST   Share   Quote   Permalink   Like   Dislike     Comment 15

We have condo's, near where I work for 60k now. They are the ones hawked for probably 120k at one time. The location though, is literally right above the interstate, down wind, only hundreds of yards away.

Nice cookie cutter condo. Seems obvious the owner has some rich blood in them.

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