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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Where are the buyers? Posted by gc on August 05, 2006 at 12:13 AM In Reply to: Re: Where are the buyers? posted by Terminator on August 04, 2006 at 8:39 PM I agree that speculators could get burned pretty quickly, however I don't get how u get to the conclusion that there was speculation. I sold the house next door (because I owned a few houses on that same block) with only one more bedroom, same square footage, etc. and sold for 472k, which shows my point: " You better know what you are doing in this market or you will get burned badly". Fortunatelly I got this property at a very deep discount,and I can still make a decent profit even if I bring the price down to 360k. I knew the market was about to correct, but honestly I didn't think it would be this quickly. Needless to say, every realtor I talk to, tells me that they didn't think it was going to be this fast. ( I am in the inland Empire Area, CA). Think about it. I sold basically the same house for 472k, and I put this other one at 419k just one month after, (less han 10% the price of the other one)with very few curiosity from Buyers. GC : I think all you speculators will gin this downturn. As bukzin said, buyers et burned off : are on top of the market than greedy sellers in denial. : Of course, I'll be buying your home for 30-40 cents on the dollar when it goes into foreclosure. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : I agree that speculators could get burned pretty quickly, however I don't get how u get to the conclusion that there was speculation. I sold the house next door (because I owned a few houses on that same block) with only one more bedroom, same square footage, etc. and sold for 472k, which shows my point: " You better know what you are doing in this market or you will get burned badly". Fortunatelly I got this property at a very deep discount,and I can still make a decent profit even if I bring the price down to 360k. I knew the market was about to correct, but honestly I didn't think it would be this quickly. Needless to say, every realtor I talk to, tells me that they didn't think it was going to be this fast. ( I am in the inland Empire Area, CA). Think about it. I sold basically the same house for 472k, and I put this other one at 419k just one month after, (less han 10% the price of the other one)with very few curiosity from Buyers. : GC : : : I think all you speculators will gin this downturn. As bukzin said, buyers : et burned off : are on top of the market than greedy sellers in denial. : : Of course, I'll be buying your home for 30-40 cents on the dollar when it goes into foreclosure. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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