This didn’t turn out so well – this owner paid $2,000,000 in 2004, then sold it for $2.25M in 2006 and carried the second mortgage.
He has since foreclosed, and now has it listed for $1,850,000:
by Jim the Realtor | Sep 19, 2013 | Bubbleinfo TV, Del Mar | 0 comments
This didn’t turn out so well – this owner paid $2,000,000 in 2004, then sold it for $2.25M in 2006 and carried the second mortgage.
He has since foreclosed, and now has it listed for $1,850,000:
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CA DRE #01527365, CA DRE #00873197
"Although the residential NYC market froze up in March and April, it’s been booming in recent months." Compass’ Robert Reffkin bought $16M Tribeca pad: sources https://therealdeal.com/2021/01/21/compass-robert-reffkin-bought-16m-tribeca-pad-sources/?utm_medium=social&utm_source=twitter&utm_campaign=single_content_share
Americans are holding on to their homes longer, and that is helping drive house prices to near record highs
The typical homeowner in 2020 had remained in place for 13 years...well ahead of 2010’s reading of 8.7 years
$ITB $XHB $HD $LOW
https://www.wsj.com/articles/housing-market-stays-tight-as-homeowners-stay-put-11611226802?reflink=desktopwebshare_twitter via @WSJ
Extended monthly so it doesn't seem permanent: https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Extends-Foreclosure-and-REO-Eviction-Moratoriums-1192021.aspx