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Ah... the flippers...


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2011 Aug 17, 4:08pm   2,542 views  10 comments

by Malkovich   ➕follow (2)   💰tip   ignore  

Been seeing this pop up on Redfin's "nearby similar listings" as I am looking at places around the area.

Price seems a bit high....

2502 8TH Ave Oakland, CA 94606

overpriced house

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1   Done!   2011 Aug 17, 10:52pm  

What crappy Tile and Cabinets they chose for that house.
Home Depot has been a detriment and a blight on the American landscape. And what in the hell are they thinking with painting that house Terd brown?

Are the Prison bars extra, half a million to live in your own private drunk tank.

They took that house from Art Deco Mediterranean to Miller Lowlife.
Earth tones?

2   bubblesitter   2011 Aug 17, 11:47pm  

Flippers are just as any businessmen. They are trying to make as much profit as they can through some person that is willing to catch the bait and there are plenty in America to pull that bait.

3   PockyClipsNow   2011 Aug 18, 2:08am  

Its called reselling. Half the country is probably directly or indirectly involved in reselling or a company that resells products.

People who hate flippers need to look in the mirror and ask 'why do I hate capitalists?' Is it jealously? Certainly there are PLENTY of communist countries you could emigrate to.....but the waves of people are instead moving from them to us. So obviously this is a superior system.

Flipping is hard work and there is no insurance against loss or lawsuits.

4   leo707   2011 Aug 18, 2:10am  

Yeah, it does look a little high compared to others in its neighborhood, and it is on the "wrong side" of Park Blvd.

5   corntrollio   2011 Aug 18, 4:29am  

PockyClipsNow says

Flipping is hard work and there is no insurance against loss or lawsuits.

In some industries, we call that speculation. Not hard work.

That said, flippers have to be much smarter now than they were during the boom. Any amateur could flip a house during the boom.

6   EBGuy   2011 Aug 18, 7:29am  

I was talking to someone recently who lives 'uphill' (east and slightly north) from this house. Their high schooler was mugged, I kid you not, taking out the trash in the evening. That said, it was definitely a crime of opportunity (or as they say, bad timing) as trash day coincided with some not so nice folks strolling through the neighborhood.

7   corntrollio   2011 Aug 18, 7:44am  

EBGuy says

I was talking to someone recently who lives 'uphill' (east and slightly north) from this house. Their high schooler was mugged, I kid you not, taking out the trash in the evening.

I'm not sure how far east and north, you're saying, but the area SE of Lake Merritt has had an increase in gang activity of late. This has had a downward effect on the prices here out of proportion to what would be expected.

8   EBGuy   2011 Aug 18, 8:36am  

Isn't that the Parkway effect?
;-)

9   corntrollio   2011 Aug 18, 8:44am  

EBGuy says

Isn't that the Parkway effect?

I hadn't heard it called that before, but did understand the reference.

10   leo707   2011 Aug 18, 8:46am  

corntrollio says

EBGuy says

Isn't that the Parkway effect?

I hadn't heard it called that before, but did understand the reference.

I have not heard that before, but my guess is that it has something to do with the shutting down of the Parkway Theater.

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