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Orange county house prices fell in August


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2012 Sep 8, 7:15am   30,765 views  73 comments

by Strategic Renter   ➕follow (0)   💰tip   ignore  

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.

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71   Bigsby   2012 Sep 12, 2:58am  

Darrell In Phoenix says

That's precisely what our lapdog and coward in hiding wants. Diversion to his lies and away from the truth that housing is a massive loss at current inflated asking prices.

No, I'm fine talking about housing. Why not post something other than one of your copy and paste comments to get the ball rolling?

72   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.

73   Goran_K   2012 Sep 13, 4:45am  

dunnross says

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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