Comments on: Shameless Flipper http://www.arcadiahousingblog.com/2008/02/22/shameless-flipper/ Tracking the Arcadia and San Gabriel Valley Housing Market Thu, 11 Mar 2010 12:37:20 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Frank Boyd http://www.arcadiahousingblog.com/2008/02/22/shameless-flipper/comment-page-1/#comment-1399 Frank Boyd Wed, 09 Apr 2008 00:05:04 +0000 http://www.arcadiahousingblog.com/2008/02/22/shameless-flipper/#comment-1399 The owner is crazy. But this could be a really cool house. It is a great example of mid-century modern post-beam construction. I drove by it and peeked in the windows. It is very rough, but also very cool. I sure hope the person who ends up buying it is respectful to the original architecture. The owner is crazy. But this could be a really cool house. It is a great example of mid-century modern post-beam construction. I drove by it and peeked in the windows. It is very rough, but also very cool. I sure hope the person who ends up buying it is respectful to the original architecture.

]]> By: Zodiac http://www.arcadiahousingblog.com/2008/02/22/shameless-flipper/comment-page-1/#comment-482 Zodiac Fri, 29 Feb 2008 06:31:20 +0000 http://www.arcadiahousingblog.com/2008/02/22/shameless-flipper/#comment-482 Wow. 1 mil for this POS. It looks like the current owner will be the knife catcher. Wow. 1 mil for this POS. It looks like the current owner will be the knife catcher.

]]> By: Cynthia http://www.arcadiahousingblog.com/2008/02/22/shameless-flipper/comment-page-1/#comment-336 Cynthia Sun, 24 Feb 2008 05:16:59 +0000 http://www.arcadiahousingblog.com/2008/02/22/shameless-flipper/#comment-336 LOL love the post. I hope the flipper gets what he deserves...a short sell. =) LOL love the post. I hope the flipper gets what he deserves…a short sell. =)

]]> By: Nick http://www.arcadiahousingblog.com/2008/02/22/shameless-flipper/comment-page-1/#comment-322 Nick Fri, 22 Feb 2008 23:30:19 +0000 http://www.arcadiahousingblog.com/2008/02/22/shameless-flipper/#comment-322 Keep us updated on this. It'll be interesting to see how much the house sells for. Keep us updated on this. It’ll be interesting to see how much the house sells for.

]]> By: savedbygrace http://www.arcadiahousingblog.com/2008/02/22/shameless-flipper/comment-page-1/#comment-313 savedbygrace Fri, 22 Feb 2008 17:46:25 +0000 http://www.arcadiahousingblog.com/2008/02/22/shameless-flipper/#comment-313 Haha I never thought of it that way but it's basically the same thing. Haha I never thought of it that way but it’s basically the same thing.

]]> By: phantom600rr http://www.arcadiahousingblog.com/2008/02/22/shameless-flipper/comment-page-1/#comment-311 phantom600rr Fri, 22 Feb 2008 16:56:34 +0000 http://www.arcadiahousingblog.com/2008/02/22/shameless-flipper/#comment-311 This listing is insulting even to the average Joe. $149,000 in two months....the seller might as well go straight to a local BofA branch with a ski mask. This listing is insulting even to the average Joe. $149,000 in two months….the seller might as well go straight to a local BofA branch with a ski mask.

]]> By: SavedbyGrace http://www.arcadiahousingblog.com/2008/02/22/shameless-flipper/comment-page-1/#comment-310 SavedbyGrace Fri, 22 Feb 2008 15:54:30 +0000 http://www.arcadiahousingblog.com/2008/02/22/shameless-flipper/#comment-310 No, the information I found on the property details is consistent with what's listed on Redfin and the owner is not a bank. Also, the mailing address is in a nearby socal city so this particular property is not an REO. This flipper put down 15% spread over two loans. The article on rising rents on the LA Times today cites increasing rents in apts. People can also rent condos, townhomes and SFRs during the town turn and still save a bunch over buying. As more condos/SFRs are left unsold, some owners will hope to ride it out by renting and that will increase the supply of homes for rent. Most importantly, rents are directly tied to income so I don't see a significant rise in rents without rise in local income - which seems unlikely with our current economic conditions. No, the information I found on the property details is consistent with what’s listed on Redfin and the owner is not a bank. Also, the mailing address is in a nearby socal city so this particular property is not an REO. This flipper put down 15% spread over two loans.

The article on rising rents on the LA Times today cites increasing rents in apts. People can also rent condos, townhomes and SFRs during the town turn and still save a bunch over buying. As more condos/SFRs are left unsold, some owners will hope to ride it out by renting and that will increase the supply of homes for rent.

Most importantly, rents are directly tied to income so I don’t see a significant rise in rents without rise in local income – which seems unlikely with our current economic conditions.

]]> By: sgv renter http://www.arcadiahousingblog.com/2008/02/22/shameless-flipper/comment-page-1/#comment-309 sgv renter Fri, 22 Feb 2008 15:10:22 +0000 http://www.arcadiahousingblog.com/2008/02/22/shameless-flipper/#comment-309 Is it possible that the house is bank owned, and that's why it is being sold in such short a time? Also, did anyone read the la times story on rising rents? The idea of rents falling in the future seems to be dismissed pretty readily. Is it possible that the house is bank owned, and that’s why it is being sold in such short a time? Also, did anyone read the la times story on rising rents? The idea of rents falling in the future seems to be dismissed pretty readily.

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