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Ira is now my favorite on here!
HOUSES THAT SOLD MORE THAN 6 MONTHS AGO AREN'T COMPS EITHER.
HA HA HA HA HA HA HA HAAAAAAAA HA
[content removed by moderator for being a personal insult]
Hey, we love you Genius, but we dont love you THAT way, don't the gay bars get it done for you???
Ira - Use sales comps from late 2006 and raise your price...
Thanx, D
Why aren't sellers offering me $250k cash towards closing costs and purchasing their home? After all, many of them are still being stupid, listing their homes at 2004-2005 prices. Try listing them at 1996 prices and I'll buy it.
My house is worth more than 2004/2005 prices. If there aren't any real sales, you can't just arbitrarily use foreclosures as comps. That is a distressed seller. Problem is there are very few non-foreclosure sales in my neighborhood, and this is distorting the comps. Thats why you can't use foreclosures as comps.
Buyers have to stop trying to steal houses. Don't offer a non-foreclosure seller the same as the neigboring house that is a foreclosure sale. It's just rude and unfair.
Do you really think you are going to accomplish anything Mark by posting under 50,000 screen names?
This is not fair! The guy who I bought the place off of paid less than $250K back in the late 90's!! He made over $600K, I should at least make something.
And it took you this long to figure out that you over paid... didnt anyone really tell you that prices over the long run only appreciate at rate of inflation... what were you thinking
when you bought it... $1M here I come ? $250K plus inflation gets you to $350K... nice
ride your having ROLLER COASTER ...
http://www.youtube.com/watch?v=kUldGc06S3U
Pretty
A lot of very inteligent people appeared in the news and in the newspaper saying that real estate was going to continue to appreciate at double digits. What makes you think you know more than all those people?
Right now a few bubble bloggers are trying to scare the market and have managed to do so. Once the government tracks them down and deals with them, prices of all real estate will rise at double digit rates again.
Many homes in the SF Bay Area were going for about that much...then doubled and doubled again...
These were the prices 10 years ago... todays prices are unstainable...
Alameda $230K
Contra Costa $210K
Marin $349K
Napa $180K
San Francisco $307K
San Mateo $339K
Santa Clara $311K
Solano $147K
Sonoma $199K
Bay Area Total $260K
"Once the government tracks them down and deals with them, prices of all real estate will rise at double digit rates again. "
And if the government doesn't get them, the terrorists will!
Let me guess that would be spokemen for the NAR, Home Builders and Lenders ... Right!
We call that the vested interest group!
Did you bother reading Robert Shillers books Irrational Exhubarance Second Edition ?
http://en.wikipedia.org/wiki/Us_housing_bubble
We had a bubble, and concurred with Yale economist Robert Shiller's warning that home prices appear overvalued and that the correction could last years with trillions of dollars of home value being lost.[25] Greenspan warned of "large double digit declines" in home values "larger than most people expect."
Lender rating
Since January 2009
Ira likes his sarcasm thick.
prices of all real estate will rise at double digit rates again.
I guess what your saying is that those who purchased stock in Yahoo back in 2000 will
recoup the $350/share prices they paid ? Is that what your saying...
So who will buy your home at peak prices???
BAHAHAHAAHAHAH Too funny !!!!!!
Well SD Lender.. there are still lots of fools out there thinking like IRA...
and how sweet it is.. they go down inflames...
Ira ... this one is dedicated to you and all the other fools...
AC/DC (with Bon Scott)Shot Down In Flames
http://www.youtube.com/watch?v=ikTxIsGwbKg
I guess what your saying is that those who purchased stock in Yahoo back in 2000 will
recoup the $350/share prices they paid ? Is that what your saying...
A house is not a stock!!
Stocks do go up and down in value. But real estate always goes up. Didn't you pay attention to any of the news 1999 and 2007 ?!?!?!
'...news between 1999 and 2007...'
But a Fool is a Fool...
But real estate always goes up.
LOL! someone just hasnt been keep up with the news... has she?
http://en.wikipedia.org/wiki/Us_housing_bubble
We had a bubble for the past 9 years sweetheart!
Lender rating
Since January 2009
I like satire.
I know what you mean Space. When I do loan applications, I ask a customer what their house is worth and then automatically take 20% off for my estimated value.
It's only called a bubble because fear mongers like that evil Peter Schiff are trying to scare potential buyers. You know the government sent his father Irwin to jail, I hope they get Peter too.
Everyone knows real estate only goes up. To say otherwise is seditious and un-American and should be treated as a crime of treason.
Two kitchens would just mean more leaks to paint over.
Ira ! You are hardcore....
You kick some ass!
http://www.youtube.com/watch?v=j2Q9dNOKimc
Well Ira ... look on the bright side.. you paid for one sellers early retirement ...
You should be proud of that... just think how you managed to save the tax payers
all that money that was short in the Social Security fund. We couldnt have done
it with out! Thats the spirit!
... and, it's free and anonymous
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Foreclosures are not comps!!
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Ira Langman, "Ira Langman"
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Why are buyers not giving me at least enough money for my house so that I can break even?
I purchased in March of 2005 for $840K, and the price should have gone up! But, the best offers I've gotten after 2 years of trying to sell has been $700K!
This is not fair! The guy who I bought the place off of paid less than $250K back in the late 90's!! He made over $600K, I should at least make something.
Now people are making offers based upon foreclosure sales in the neighborhood. Foreclosures should not count as comps!! Of the 20 most recent sales in the neighborhood, 13 were foreclosures! Stop using them. Use the 7 sales that were not foreclosures! And it doesn't matter that those 7 didn't sell for $840K, I think my house is nicer. Besides I bought mine in 2005, so it has to be higher.
So, lowball greedy buyers stop wasting time and don't look at foreclosures, they don't count as comparables.
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