Wednesday, May 27, 2009

Tick tick tick



Jan 15, 2009 Listed $999,000
Oct 26, 2006 Sold $1,527,500

4 months on market and they can't even get $1m. 2 1/2 years and $600k losses and counting. Call it $600/day.

11 comments:

Tyrone said...

This is probably not the first house in this situation. Things are getting really interesting.

H Simpson said...

nice cinder block landscape walls. A couple 50 cal bullet holes and it will look just like the the compound of some Iraqi farmer.

Take a look at that interactive map. Funny how the street entrance has a cutoff to get out of the way of high speed traffic so you do not get rear ended. Must be fun to hear the trucks hurdling by.

A million bucks to live next to a highway. yeah, right...

The inside looks like that tv ad for using your cashback to buy overpriced furiture at direct from mfg prices.

RV access. In front of the house I take it? Sure the neighbors will appreciate that. Maybe a camper shell on legs while you tool around in your f-250.

Really wish the EPA would check what is in the water out there that causes buyers to lose their flipping minds.

h.

s said...

over $1500/month on tax+HOA would be fun too.

JP said...

Excellent. Is it upwind or downwind of the farm?

over $1500/month on tax+HOA would be fun too.When it sells for $500K, do the taxes reset to FMV?

Mike said...

Wonder when the overhead pic was snapped. Can I haz grass for $1M?

Mike said...

Meant to ask this in the last post...

Dawg, are you seriously predicting a circuit breaker day or just trying to get the peeps at CR fired up?

Rob Dawg said...

I think it is a possibility. The longer reality is deferred the more violent the eventual snap back.

Lex said...

"The longer reality is deferred the more violent the eventual snap back."= F.A. Hayek

Michael said...

Hey Rob,

Could you link me more information about Oxnard's street leaseback situation? I work for an oil company that has its wells in Oxnard. Considering that we are developing plans to shoot seismic data along Oxnard's streets the possibility of the city defaulting on the leaseback is of some concern to us.

Thanks, Michael

strongbad said...

oh man that's harsh, homer. The realtor says "House is priced appropriately". They couldn't say it if it wasn't true.

Mr. Outspoken said...

Visteon and Metaldyne join Chrysler in Chapter 11. GM looming. Is it still possible that Ford will resist the peer-pressure? Is it really possible for them to resist the peer-pressure when the dark-side is armed with government free money finance cookies?