Comments on: Flipper Turn Sucker http://www.arcadiahousingblog.com/2008/02/18/flipper-turn-sucker/ Tracking the Arcadia and San Gabriel Valley Housing Market Sat, 04 Feb 2012 08:44:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Anonymous http://www.arcadiahousingblog.com/2008/02/18/flipper-turn-sucker/comment-page-1/#comment-258 Anonymous Tue, 19 Feb 2008 08:29:51 +0000 http://www.arcadiahousingblog.com/2008/02/18/flipper-turn-sucker/#comment-258 I personally know a good number of people who truly believe that since a property is 20% off its initial list price or previous sale price, they will be purchasing that particular property for a great deal. Some actually think the new list price is low enough that they can simply turn around and put it back on the market for a 20% gain. Still amazed at how some folks are still so oblivious to this insane bubble. I personally know a good number of people who truly believe that since a property is 20% off its initial list price or previous sale price, they will be purchasing that particular property for a great deal. Some actually think the new list price is low enough that they can simply turn around and put it back on the market for a 20% gain. Still amazed at how some folks are still so oblivious to this insane bubble.

]]> By: SavedbyGrace http://www.arcadiahousingblog.com/2008/02/18/flipper-turn-sucker/comment-page-1/#comment-255 SavedbyGrace Mon, 18 Feb 2008 21:48:57 +0000 http://www.arcadiahousingblog.com/2008/02/18/flipper-turn-sucker/#comment-255 Oh you live in the same complex? I think everyone is surprised that this unit sold in this dying market. If you ever get to meet the owner/flipper, ask him why he bought the place and come back to let us all know what he said. Oh you live in the same complex? I think everyone is surprised that this unit sold in this dying market. If you ever get to meet the owner/flipper, ask him why he bought the place and come back to let us all know what he said.

]]> By: yUSiyE http://www.arcadiahousingblog.com/2008/02/18/flipper-turn-sucker/comment-page-1/#comment-253 yUSiyE Mon, 18 Feb 2008 19:29:22 +0000 http://www.arcadiahousingblog.com/2008/02/18/flipper-turn-sucker/#comment-253 hey guys. I actually live there(807 w camino real). This unit has been on sale forever, changed few agents. I didn't even realized it got sold until last week, someone was there to change the carpet. I can't believe someone actually buy this, with near $300 monthly management fee. I can't wait to meet the new sucker, sorry I mean owner. hey guys. I actually live there(807 w camino real). This unit has been on sale forever, changed few agents. I didn’t even realized it got sold until last week, someone was there to change the carpet.
I can’t believe someone actually buy this, with near $300 monthly management fee.
I can’t wait to meet the new sucker, sorry I mean owner.

]]> By: Nick http://www.arcadiahousingblog.com/2008/02/18/flipper-turn-sucker/comment-page-1/#comment-252 Nick Mon, 18 Feb 2008 18:50:44 +0000 http://www.arcadiahousingblog.com/2008/02/18/flipper-turn-sucker/#comment-252 They still have shows like Flip This House on TV. Most people still seem to make a lot of money on the flips. Of course, the shows were taped a long time ago, and they leave out some crucial financial information, giving the impression that the flippers were making a lot of money, when in fact they were not. They still have shows like Flip This House on TV. Most people still seem to make a lot of money on the flips. Of course, the shows were taped a long time ago, and they leave out some crucial financial information, giving the impression that the flippers were making a lot of money, when in fact they were not.

]]> By: SavedByGrace http://www.arcadiahousingblog.com/2008/02/18/flipper-turn-sucker/comment-page-1/#comment-251 SavedByGrace Mon, 18 Feb 2008 17:21:01 +0000 http://www.arcadiahousingblog.com/2008/02/18/flipper-turn-sucker/#comment-251 It's natural for people to push away things that they don't want to deal with. Denial is the first phase of this process and they will usually not accept reality until much later. No homeowner wants to hear that their home's value is going down. There's always some white lie they tell themselves to justify why prices in (insert city) will hold despite the news. Right now, I'm hearing a lot of arguments stating that prices in the SGV area have been holding well while the IE and OC are sliding. They have completely ignored that volume has fallen off a cliff. This argument will not hold for much longer. It’s natural for people to push away things that they don’t want to deal with. Denial is the first phase of this process and they will usually not accept reality until much later. No homeowner wants to hear that their home’s value is going down. There’s always some white lie they tell themselves to justify why prices in (insert city) will hold despite the news.

Right now, I’m hearing a lot of arguments stating that prices in the SGV area have been holding well while the IE and OC are sliding. They have completely ignored that volume has fallen off a cliff. This argument will not hold for much longer.

]]> By: Zodiac http://www.arcadiahousingblog.com/2008/02/18/flipper-turn-sucker/comment-page-1/#comment-250 Zodiac Mon, 18 Feb 2008 16:44:20 +0000 http://www.arcadiahousingblog.com/2008/02/18/flipper-turn-sucker/#comment-250 Haven't the flipper watch TV or open a newspaper? The news of the housing bubble and the possibility of a CA recession are in the news everyday. I talked to a lot of people in the San Gabriel valley, San Marino, Temple City and Arcadia area and most of them think the price of houses will hold in these area. Haven’t the flipper watch TV or open a newspaper? The news of the housing bubble and the possibility of a CA recession are in the news everyday. I talked to a lot of people in the San Gabriel valley, San Marino, Temple City and Arcadia area and most of them think the price of houses will hold in these area.

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