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:
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?
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.
Maybe the flippers are indeed the leading indicator…
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.
Not a bad place. Remember, for some people, “big back yard” just means “more work”.
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…
Kinky closet = someone’s HGTV creative headboard idea no doubt.
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.
Another hypothesis about the kinky closet – it looks like what you do when you put in those fancy Murphy beds.