Looking at some property

[RLLD 4,143]

I am working on a bid for this property, talking it over with the wife. The twit who bought it overpaid nicely and is apparently having some trouble, has it listed for $1.2, half the asking price from two years ago.

 

I am thinking of an offer in in 800k range.....

 

Rink

[Rusty Syringes 478]

Does it come with a tooth-whitening center?

 

[RLLD 4,143]

Does it come with a tooth-whitening center?

 

 

Why must you hide your love for me?

[NorthernVike 2,083]

This begs the question...

 

Which is more unethical?

 

Selling a home which is overpriced?

 

Buying a home for less than market value because the seller is in a financial pinch?

 

 

[Eagles Green 34]

Does the hot tub have a "poop filter?"

[Rusty Syringes 478]

Why must you hide your love for me?

 

 

I'd love you more if your teef didn't look like a dehydrated person's urine.

 

[RLLD 4,143]

This begs the question...

 

Which is more unethical?

 

Selling a home which is overpriced?

 

Buying a home for less than market value because the seller is in a financial pinch?

 

Excellent question.

 

However, let's keep in mind that "market value" is the price at which the home actually sells, so to suggest that because person A overpaid for it that person B should as well is a tough sell.

 

The problem during the fraud of recent years being that people bought at the monthly payment, and ignored the total cost. Creating the current financial horror.

 

I prefer to have the total cost and monthly payment coincide.

[DuckStupid 40]

Excellent question.

 

However, let's keep in mind that "market value" is the price at which the home actually sells, so to suggest that because person A overpaid for it that person B should as well is a tough sell.

 

The problem during the fraud of recent years being that people bought at the monthly payment, and ignored the total cost. Creating the current financial horror.

 

I prefer to have the total cost and monthly payment coincide.

 

hop hop hop dance dance dance

[joeshushu 51]

From that angle it looks like Tiger Wood's house.

[RicemanX 20]

GODDAMNITTT!!!

$850k gets you THAT?!

 

http://www.homesforsaleinlosgatos.com/defa...=0&l=390931

 

THAT is what you get for 850k in the bay...

[NorthernVike 2,083]

GODDAMNITTT!!!

$850k gets you THAT?!

 

http://www.homesforsaleinlosgatos.com/defa...=0&l=390931

 

THAT is what you get for 850k in the bay...

Ha ha

 

 

$850,000 in Northern Minny

[dolphin-g 0]

Ha ha

$850,000 in Northern Minny

 

 

Or you could get this in Westport CT FOR 30M

 

http://www.realtor.com/realestateandhomes-...6880_1107764541

[Bert 1,128]

Excellent question.

 

However, let's keep in mind that "market value" is the price at which the home actually sells, so to suggest that because person A overpaid for it that person B should as well is a tough sell.

 

The problem during the fraud of recent years being that people bought at the monthly payment, and ignored the total cost. Creating the current financial horror.

 

I prefer to have the total cost and monthly payment coincide.

 

 

Fred Astaire would be jealous.

 

This property in under valued and you are a greedy POS for taking advantage of these people and not offering $1.4. People like you are destroying the economy.

[buffalobillsffl2003 0]

850k starter home nearby.

 

 

http://property.buffaloniagarahomes.com/pr...perty_type=RES#

[Giants Fan 85]

My Mom has 5 acres just outside Tucson. It's got 2 houses, with 4 structures and a lot of trees, for being out in the desert. Mountain views. They spent like $350k building one of the houses. Entire property recently surveyed at $300k. They don't care. Means the taxes are cheap.

[shotsup 832]

My Mom has 5 acres just outside Tucson. It's got 2 houses, with 4 structures and a lot of trees, for being out in the desert. Mountain views. They spent like $350k building one of the houses. Entire property recently surveyed at $300k. They don't care. Means the taxes are cheap.

 

Too bad she had to do black guys to get that house

[RLLD 4,143]

Fred Astaire would be jealous.

 

This property in under valued and you are a greedy POS for taking advantage of these people and not offering $1.4. People like you are destroying the economy.

 

Not really, though that is a precious view of the situation. As it is now well known that the real estate market was in a huge bubble, and the correction is still under way, there is a rather real potential that the value of the property could perhaps drop below even my offer, we know its not worth anything close to what is being asked for it.

 

Assigning an accurate value to an asset is in the best interests of everyone.

[Bert 1,128]

Assigning an accurate value to an asset is in the best interests of everyone.

 

Hhhhhmmmm. Isn't what the governement does with all items in a socialist economy???

[RLLD 4,143]

Hhhhhmmmm. Isn't what the governement does with all items in a socialist economy???

 

Yes, I think so.

[Bert 1,128]

Yes, I think so.

 

So this is what you want? Price controls?

[RLLD 4,143]

So this is what you want? Price controls?

 

I never said any such thing, left to itself the free market is rather adept at controlling costs and prices. In fact it wasn't until the government stepped in with its community reinvestment act, repealed Glass-Seagal, lowered interest rates and allowed bankruptcy reform that things truly got out of hand. The market ran rather well for decades, with small bubbles here and there, but it was not until the government took its socialist stance that things went badly.

 

Accurate asset prices became something of a joke, with both real estate and stocks spiraling into obscene bubbles, resulting in what we have now.

 

So again, assigning an accurate value to an asset is in the best interests of everyone.

[Bert 1,128]

I never said any such thing, left to itself the free market is rather adept at controlling costs and prices. In fact it wasn't until the government stepped in with its community reinvestment act, repealed Glass-Seagal, lowered interest rates and allowed bankruptcy reform that things truly got out of hand. The market ran rather well for decades, with small bubbles here and there, but it was not until the government took its socialist stance that things went badly.

 

Accurate asset prices became something of a joke, with both real estate and stocks spiraling into obscene bubbles, resulting in what we have now.

 

So again, assigning an accurate value to an asset is in the best interests of everyone.

 

Just checking.

 

The use of the word "assigning" caused some confusion on my part.

 

The government did so good with realestate I can't wait to see what they do with health care.

[NorthernVike 2,083]

I never said any such thing, left to itself the free market is rather adept at controlling costs and prices. In fact it wasn't until the government stepped in with its community reinvestment act, repealed Glass-Seagal, lowered interest rates and allowed bankruptcy reform that things truly got out of hand. The market ran rather well for decades, with small bubbles here and there, but it was not until the government took its socialist stance that things went badly.

 

Accurate asset prices became something of a joke, with both real estate and stocks spiraling into obscene bubbles, resulting in what we have now.

 

So again, assigning an accurate value to an asset is in the best interests of everyone.

Cat, I'm a kitty cat. And I dance dance dance...

[RLLD 4,143]

Just checking.

 

The use of the word "assigning" caused some confusion on my part.

 

The government did so good with realestate I can't wait to see what they do with health care.

 

For real estate the appraisers are integral to the process, but have been compromised as banks sought to exploit the weaknesses in the system - thanks to the government actions - in order to exploit those who were least capable of making the right decisions.

 

It still staggers the imagination that banks continue to use every tool at their disposal to gouge the people who can least afford the financial assault, and as such are killing themselves in the process.