tag:blogger.com,1999:blog-5140004705538204727.post8409018484723043880..comments2023-12-16T04:08:06.419-08:00Comments on Real Estate in the LBC: LBPost: Foreclosure Up-Tick May Signal Impending Floodel beehttp://www.blogger.com/profile/14187665973956068496noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5140004705538204727.post-22489666014671818092010-02-13T22:45:11.158-08:002010-02-13T22:45:11.158-08:00This one of the lamest I've seen in a while:
T...This one of the lamest I've seen in a while:<br />This property at 1168 East Ocean listed at a short sale at $200,000. Look closely at the only picture they show of a beach. This is not any beach in LB! It's some tropical beach somewhere. Love that aqua blue water. Lame,Lame, Lame!JKnoreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-33449434483465903182010-02-13T19:23:16.083-08:002010-02-13T19:23:16.083-08:00I agree no tsunami of foreclosures, but what goes ...I agree no tsunami of foreclosures, but what goes up must come down, something has got to happen with the excess inventory, which is continuing to build. If I hadn't bought already last month, I'd be happy to wait a couple of years because RE in the LBC is pretty far from hitting bottom, IMHO.Qualified to Represent...http://nowhere.bol.comnoreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-37037446849808995442010-02-12T20:27:32.121-08:002010-02-12T20:27:32.121-08:00If you've read some of the posts regarding the...If you've read some of the posts regarding the FDIC covering losses on the orginal amount of loans that are sold at a discount, you can see that a lot of "losses" on short sales are actually profitable with our tax money. Also the properties that are selling short are being handled by realtors who are hiding the listing so they can have an exclusive. I'd like to see a web site that outed these realtors.oc bearnoreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-5452676782422922922010-02-12T17:47:50.416-08:002010-02-12T17:47:50.416-08:00Many teachers in LA, Long Beach, and Orange County...Many teachers in LA, Long Beach, and Orange County live in Long Beach. I think the massive layoffs taking place at the school districts will have to impact the housing market.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-12289663307490183782010-02-12T11:28:40.332-08:002010-02-12T11:28:40.332-08:00Anon,
Ahh, the guy from the "Not Selling? Tr...Anon,<br /><br />Ahh, the guy from the "Not Selling? Try a Price Increase" post. I see his dipshit realtor still hasn't fixed those horrendous typos and punctuation errors. <br /><br />The agent doesn't care, the bank doesn't care (like you said, it's in no hurry to take that loss onto the books) and the deadbeat tenant doesn't care because he can kick it for as long as he wants and is loving life. <br /><br />And the sold comps are much nicer (this kitchen is an utter disaster) so potential buyers don't care either.el beehttps://www.blogger.com/profile/14187665973956068496noreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-45742202624625603402010-02-12T11:14:10.779-08:002010-02-12T11:14:10.779-08:00Speaking of short-sales, this zombie is back on th...Speaking of short-sales, this zombie is back on the market: http://www.redfin.com/CA/Long-Beach/700-E-Ocean-Blvd-90802/unit-1004/home/7619284. I still think it's over-priced, but given the comps, I thought he'd sold. Betcha anything the bank isn't playing ball (and why would they be in any hurry to realize a $271,000 loss?).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-49978526454803766492010-02-12T09:46:42.579-08:002010-02-12T09:46:42.579-08:00I agree, El Bee. I don't see the tsunami comin...I agree, El Bee. I don't see the tsunami coming either...lots of short sales maybe.<br /><br />You mentioned an interesting item here...those that bought the latter half of last year. Was this too soon? Will be an interesting topic in the next 2-4 years.<br /><br />I picked up a GREAT book recently, "The Great Depression, a Diary." He specifically mentions how cheap RE (& stocks) became by 1931. He revists his original entries years later and notes that things continued on down for years. Those early great buys turned into disasters. <br /><br />I highly recommend this book.Unknownhttps://www.blogger.com/profile/09077995424017715618noreply@blogger.com