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Thursday, July 29th, 2010 at 9:26 PM

How to Double Dip

It could have been that the flippers, all on a good run, decided to go on vacation this week – and didn’t coordinate their plans with each other? If it wasn’t some quirky oddball coincidence, then maybe they’re getting nervous? That’s hard to believe, because this one seems like a no-brainer. A good reminder – be looking when everyone else isn’t:

Posted on Thursday, July 29th, 2010 at 9:26 PM in Double Dip, Jim TV, Market Conditions | 9 Comments » | Print Print You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Reader Comments: 9 Responses

  1. Why no takers at the courthouse? Thought that market was totally efficient. This house, in that neighborhood, west of the 5, is obviously a steal in the 520′s. Are the flippers getting out and/or unable to take advantage of deals because of bad flips?

    Mike C | July 30th, 2010 at 12:14 am

  2. I bet it’s getting harder for the flippers to get funding. Also I bet after the banks stopped forecloseing earlier this summer flippers stopped going to the steps.

    Put more chum in the water and they’ll be back.

    shadash | July 30th, 2010 at 5:57 am

  3. Maybe the flippers are indeed the leading indicator…

    george8 | July 30th, 2010 at 7:28 am

  4. Thanks for that tour. That is one of the neighborhoods I have been watching like a hawk. I will put up with the small yard to be closer to the beach. The first think I would do is burn the hot tub.

    Waiting_for_ever_to_buy | July 30th, 2010 at 9:39 am

  5. Not a bad place. Remember, for some people, “big back yard” just means “more work”.

    Dwip | July 30th, 2010 at 12:56 pm

  6. Jim, that property may have had an opening bid at $529k, but there was a high bid of $679k. Banks can competitively bid up to the full debt if they want. Just sayin…

    Mr. Man | July 30th, 2010 at 4:11 pm

  7. Kinky closet = someone’s HGTV creative headboard idea no doubt.

    Sol | July 30th, 2010 at 5:54 pm

  8. Old post and probably nobody is reading this, but two things:

    1. I’m guessing the kinky closet is some sort of religious shrine. Looks like the place for photos and incense and buddas and the like.

    2. More importantly, US Bank is absolutely NOT Bank of America. It’s totally seperate, and is either the fifth or sixth largest bank in the US, depending on how you calculate it. They did buy out Downey Savings and PFF Bank though.

    Geotpf | August 4th, 2010 at 7:11 pm

  9. Another hypothesis about the kinky closet – it looks like what you do when you put in those fancy Murphy beds.

    profhoff | November 4th, 2010 at 11:39 am

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