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Quick flip RIP.
Date Jul 21, 2022
Price Changed
Price $765,000
Date Jul 7, 2022
Price Changed
Price $775,000
Date Jun 16, 2022
Price Changed
Price $798,000
Date Jun 2, 2022
Price Changed
Price $820,000
Date May 19, 2022
Listed (Active)
Price $825,000
Date Oct 19, 2021
Sold (MLS) (Closed)
Price $389,000
How is it a RIP?
WookieMan says
You have to be an unethical dick to work in RE and I couldn't do it anymore.
I agree. Is this because agents work only on commission (no salary at all)? They don't eat if they don't kill. And they kill using any means necessary. An ethical real estate agent will soon leave real estate business. In fact, I met a young real estate agent who pretty much told me this.
I also hate the brag part of brokers. "I sold $10M last year." You'd be lucky to walk with $100-120k net if you don't own the brokerage. Big fucking deal. To be wealthy as a broker today you'd need to sell $20M+ and own the brokerage. 80% of agents, even with higher prices are lucky to sell $2-5M, which is $50-70k/yr net. Hence the reason Realtors are so shady. It's a shitty living unless you're super social and click with everyone you meet and aren't a tool. That's all there really is to it. Sales 101.
Silly question. When we call a house a single family home, does it mean that only one family should or is legally allowed to live there?
Designed for single family use. Can be used otherwise, just like a screwdriver does not only have to be used to drive screws.
Designed for single family use. Can be used otherwise, just like a screwdriver does not only have to be used to drive screws.
So its lawful for more than 1 family to live in a single family house?
Do laws specifically prohibit single family homes to be used for business purposes?
Don't ever use a realtor. My realtor kept telling me to not give lower than asking offers. She was annoyed that I made low ball offers at several homes. When she realized that I was canceling a 500K home to look at homes under 400K, she tried hard to convince me that other homes have low re-sell values and other flaws.
Don't ever buy from a national builder because their contract is made to protect them and only them.
zzyzzx says
I just looked up this listing. Something is amiss. They dropped the price by $350,000?
I just looked up this listing. Something is amiss. They dropped the price by $350,000?
WineHorror1 says
I just looked up this listing. Something is amiss. They dropped the price by $350,000?
May have been repossessed by the bank and the bank is doing some insider trading selling it below value at the expense of all the equity the previous owners put up. Saw it all the time in 2008 in Silly Con Valley.
Fat finger typing problem?
he U.S. is facing a "perfect storm" for a housing crisis similar to that of 2008, according to Jose Torres, a senior economist for Interactive Brokers.
Torres made the comment during an interview with Insider, and his analysis comes as concerns over the economy and housing market remain a key issue for millions of Americans. Housing prices increased throughout the first half of 2022, as inflation continues to affect nearly every sector of the economy, but the prices could soon crash, Torres warned.
He predicted that within the next few years, housing prices could drop up to 25 percent, and that they will begin to decline in early 2023, which could see double-digit drops in prices.
He predicted that within the next few years, housing prices could drop up to 25 percent, and that they will begin to decline in early 2023, which could see double-digit drops in prices.
How is that insider trading if it's for sale to the general public?
Patrick says
He predicted that within the next few years, housing prices could drop up to 25 percent, and that they will begin to decline in early 2023, which could see double-digit drops in prices.
Early 2023 is when sheet will hit the fan, according to Michael Burry.
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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.