30 Comments

1. 

   AL on February 4, 2011 at 10:29 pm

   You’re definitely not in La Jolla no more. What a Beauty. I hate to ask if their loan was over $417,000 and no qual…

2. 

   Jim the Realtor on February 4, 2011 at 10:34 pm

   $255,000 in 2005. Previous loan was $40,000 and may have been paid off by then.

3. 

   AL on February 4, 2011 at 10:36 pm

   2005 loan was a refi, or new buyer?

4. 

   Otto Maddox on February 4, 2011 at 10:38 pm

   That one must have hurt.

5. 

   lgs on February 4, 2011 at 10:42 pm

   If I didn’t already like my job, I’d want yours Jim. Great video.

6. 

   AL on February 4, 2011 at 10:48 pm

   Google street view shows the foundation for that ‘2nd unit’ actally used to be the garage in back. The ‘duplex’ concept is the vacant lot west of the house.

7. 

   calpolymom on February 4, 2011 at 11:24 pm

   That place is disgusting and should be demolished. I can’t even imagine the amount of money and time it would take to make it livable. This is one that price can’t fix.

8. 

   Anonymous on February 4, 2011 at 11:52 pm

   I wouldn’t drive the Mercedes to that hood again, it’s only a matter of time before Dirty Mike and the Boys break into your parked car and have a party.

9. 

   tj & the bear on February 5, 2011 at 1:37 am

   Paging Tom Tarrant!

   If he can’t fix it, a D9 can.

10. 

    W.C. Varones on February 5, 2011 at 6:52 am

    AL, looks like a refi.

    Somebody took off with $255,000.

11. 

    Scott on February 5, 2011 at 6:55 am

    That was like an episode of “Good Times”. Casting call for J.J.

12. 

    doughboy on February 5, 2011 at 7:02 am

    Get back on 5 North quick!

13. 

    W.C. Varones on February 5, 2011 at 7:20 am

    Is that a remodel or a scraper?

14. 

    Jim the Realtor on February 5, 2011 at 7:32 am

    Remod – and add modular or cheapie next door?

15. 

    Jim the Realtor on February 5, 2011 at 7:35 am

    Another article ranking SD as the #1 market in 2011:

    But according to Vero Real Estate’s VeroForecast, there is a light at the end of the tunnel — at least for some. Using what it calls “advanced analytics and micro-market data,” the Santa Ana, California-based company says that smaller cities seem to be faring best with housing prices right now, a trend that should continue for the rest of 2011.

    Citing data from December 2010 and projecting through December 2011, the report notes that “smaller metro markets with populations less than 250,000 make up the majority of the better appreciating markets.”

    Such cities, which include Fargo, N.D. — ranked second overall — can expect home price appreciation of 2.5% to 3.5%% in 2011.

    On the downside, Florida is expected to experience the most depreciation, with key areas like Orlando, Daytona Beach and Port St. Lucie all suffering the greatest percentage of housing price loss in 2010.

    See the following chart for Vero’s top five and bottom five housing markets:

    5 Strongest U.S. Housing Markets: Dec. 2010-Dec. 2011

    San Diego, Calif. +3.5%
    Kennewick, Wash. +3.4%
    Pittsburgh, Pa. +2.7%
    Fargo, N.D. +2.6%
    Washington, D.C. +2.5%

    5 Weakest U.S. Housing Markets: Dec. 2010-Dec. 2011

    Reno, Nev. -7.2%
    Orlando, Fla. -6.5%
    Boise City, Id. -6.4%
    Daytona Beach, Fla. -6.3%
    Port St. Lucie, Fla. -6.3%

    http://finance.yahoo.com/real-estate/article/111989/where-will-housing-bounce-back-most?mod=realestate-buy

16. 

    shadash on February 5, 2011 at 7:57 am

    Holy crack house batman

17. 

    chrisanthemama on February 5, 2011 at 9:48 am

    Jim, you needed a hazmat suit (or at least a tetanus shot) for that one. Let’s get that Sotheby’s Realtor on the case with a glitzy video.

18. 

    Jinx on February 5, 2011 at 9:56 am

    Oh Jim. You sure earn your money.

19. 

    Daniel on February 5, 2011 at 11:12 am

    “Unique opportunity for the handyman”
    Jim, do you have a carry permit?

20. 

    David on February 5, 2011 at 11:59 am

    Funniest video I’ve ever seen by you. What a sense of humor.

21. 

    SD_suntaxed on February 5, 2011 at 12:49 pm

    Seems like a miner’s helmet, machete and some muck boots might be a good investment if that REO group gives you more upscale properties like this one. Yuck.

22. 

    FreedomCM on February 5, 2011 at 1:58 pm

    Pittsburgh as a small market with a big upside?

    For a project I was working on, I was monitoring 150 quality SFRs in the 4 best neighborhoods and suburbs of PHG for Jul-Dec 2010. 3 sold. List prices for these markets have decline 10% just in the past six months.

    I’m not saying “therefore their SD projections are FoS”, but…

23. 

    BottomFisher on February 5, 2011 at 7:20 pm

    Speaking of….Go Steelers!!

24. 

    Matt on February 5, 2011 at 8:52 pm

    Congrats with the new hookup!

25. 

    MarkB on February 5, 2011 at 9:27 pm

    I knew you were setting us up with that opening monologue. Outstanding!

    I’d bring the 66 to that ‘hood on the next visit though.

26. 

    Sol on February 6, 2011 at 9:55 am

    Looks like a prime candidate for a bonfire, and some community service.

27. 

    JimG on February 6, 2011 at 10:54 am

    Enjoy that new account JTR. You can always send the B of As this way.

28. 

    Jeeman on February 11, 2011 at 1:50 pm

    Let’s see, some dark cherry wood cabs, some nice granite, travertino and hardwoods throughout, and you could possibly sell the place for $49k. The drive-by in the streets come free of charge.

29. 

    Jeeman on February 11, 2011 at 1:50 pm

    Let’s see, some dark cherry wood cabs, some nice granite, travertino and hardwoods throughout, and you could possibly sell the place for $49k. The drive-bys in the streets come free of charge.

30. 

    Tom Tarrant on February 26, 2011 at 4:26 pm

    “9.Paging Tom Tarrant!

    If he can’t fix it, a D9 can.

    tj & the bear | February 5th, 2011 at 1:37 am”

    You guys know what I like, send em’ my way if you run across anything. Thanks TJ, great upside potential just not the areas for me; )