Orange county house prices fell in August

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invite response
2012 Sep 8, 7:15am 30,064 views 73 comments

Looks like the bull trap has sprung and prices have resumed their fall to affordability
http://lansner.ocregister.com/2012/09/08/166087/166087/
Great news for the buyer watching and waiting.

Goran_K 2012 Sep 12, 3:10am

Anyway, to get back on topic.

Something I've noticed a lot in OC distressed sales.

Home comes on market at respectable price ($700,000, comps support $710,000 to $715,000).

Everyone shows up to open house.

Ends up, $45,000 2nd lien on the home. To get the listed price, you need to come $45,000 out of pocket.

Goran_K 2012 Sep 13, 4:45am

Look who is talking. The guy who predicted silver going to $10-15 by March, 2012. Silver is almost at $35 today

Oh snap. No he didn't!

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