Zillow Advice: Home Buying - Real estate investors are betting on bargains in depressed markets

"Ok, I am convinced that ...

Tue, 21 Oct 2008 18:45:00 GMT

"Ok, I am convinced that prices will never fall in Alpine."

LOL

"Flippers" in my area are, ...

Sat, 29 Sep 2007 07:57:00 GMT

"Flippers" in my area are, unexpectedly, flipping right into piles of dog s**t.

http://flippersintrouble.blogspot.com/

Bubblehead,The statistics ...

Sat, 29 Sep 2007 05:04:00 GMT

Bubblehead,

The statistics that Toll provided are indeeed correct because countless condos in those building have already been successfully flipped for 6 digit profits. I have seen the records.

Man, this is where I should ...

Fri, 28 Sep 2007 23:54:00 GMT

Man, this is where I should have been today. "Smart Money" buys when down, "Dumb Money" all the whiners that don't know what to do, cause they over baught.

****Robert Toll Pretty much ...

Fri, 28 Sep 2007 19:35:00 GMT

****Robert Toll

Pretty much same. Let me see, 70% sold at 1500 Washington, which is Hudson Tea, 72% sold in Harborside Lofts. Commencing design, commencing design, future building completed, garage. Oh, I see. Wait a minute. Maxwell, 78%, 97%, and Jersey City, 84% sold out. ****

Allpain:

http://www.forbes.com/feeds/ap/2007/09/18/ap4132392.html

But Toll, famously optimistic about a housing rebound that has yet to materialize, poked fun at himself, telling his audience that "anything I say should be viewed with suspicion. Use your mind. Don't believe me."

The smart investor listens ...

Fri, 28 Sep 2007 19:32:00 GMT

The smart investor listens to the market to decide when the time is right, not listen to some editor (or Allpain) to tell them.

The smart money is always the first that goes in to a rising market and the last to get in when it crashes.

I really do not have that ...

Fri, 28 Sep 2007 04:49:00 GMT

I really do not have that much information on the Bergen market. But the waterfront condos in neighboring Hudson County (Hoboken and Jersey City) are selling well:

Update on % sold from Robert Toll:

http://seekingalpha.com/article/45366-toll-brothers-f3q07-qtr-end-7-31-07-earnings-call-transcript

Joel Locker - FBN Securities

I just wanted to get your comment on the 700 Grove Street. You had mentioned that Hoboken was B plus markets, but just wondering if that differentiated between the Grove Street and your other project there?

Robert Toll

Pretty much same. Let me see, 70% sold at 1500 Washington, which is Hudson Tea, 72% sold in Harborside Lofts. Commencing design, commencing design, future building completed, garage. Oh, I see. Wait a minute. Maxwell, 78%, 97%, and Jersey City, 84% sold out.

Alpine, how do you feel the ...

Fri, 28 Sep 2007 03:10:00 GMT

Alpine, how do you feel the current market is in Bergen these days?

Ok, I am convinced that prices ...

Fri, 28 Sep 2007 03:03:00 GMT

Ok, I am convinced that prices will never fall in Alpine. Why? Because even the foreclosures in Alpine are mucho money. Here is one from the sheriff's office:

9/28/07 20 PIKE STREET ALPINE $1,573,485.58

http://www.bcsd.us/sheriff_sale.aspx

As far as I can tell, this is the only foreclosure in the entire town.

Corona, Love me, or Hate ...

Fri, 28 Sep 2007 02:45:00 GMT

Corona, Love me, or Hate me,
but at the end, you need me.