Monday, May 11, 2009

Silly Selling Season

The second best part of watching this real estate disaster is when somebody shows up late to the party. Here's an example:
A BEAUTIFUL setting with an incredible flat lot of over 1/2 an acre. Rich and warm with woodflooring and wood accented walls. 6 bedrooms, one used as an office, 3 baths, large laundry room, includes appx. 600sqft room, which could be in-law quarters-kitchenette possible. Double garage in front, plus second double garage with 850+sqft added space that would be ideal workshop or craft area. 2-forced air units, 2 water heaters. Storage under house.

Seems like a nice place. And I know the 'hood. It is fine. i wouldn't raise teenagers in the area but other than that good 4 season weather, lots of recreational opportunity, a great place to retire as well. What's the problem? Price. This time traveller missed the last three years and upon emerging from the capsule expects to collect their appreciation.

May 09, 2009 Listed $549,000
Dec 10, 2008 Delisted *
Oct 25, 2008 Listed *
Jul 12, 2006 Sold $360,000

I mean if anyone bought at the top wouldn't this be it? Prices in Wrightwood are 2002 not even 2004 anymore. Come on. $549k buys entire neighborhoods "down below" in the desert communities. It doesn't matter what the "needs price" or the "worth price" are. And there's our new meme. "Worth price." Be very careful. These are the same jerks who on the way up were saying; "it doesn't matter what it is worth, this is the price." Don't let them turn the tables now.

1 comment:

Sweet Cashback said...

"First" just as a feel good moment of the day....