NonFCB said:
frank69m said:
holy crap. You're right, the noise you must get from Culver. It's interesting if you look at the activity:
Apr 02, 2011 Listed (Active) $1,199,000 -- SoCalMLS #S653830
Jan 22, 2009 Delisted -- -- Inactive SoCalMLS #S553116
Jan 22, 2009 Sold (Public Records) $900,000 -- Public Records
Jan 22, 2009 Sold (MLS) (Closed) $900,000 -- Inactive SoCalMLS #S553116
Nov 24, 2008 Price Changed $989,000 -- Inactive SoCalMLS #S553116
Nov 20, 2008 Price Changed $1,074,000 -- Inactive SoCalMLS #S553116
Nov 15, 2008 Price Changed $1,099,000 -- Inactive SoCalMLS #S553116
Nov 04, 2008 Listed $1,125,000 -- Inactive SoCalMLS #S553116
So the dude put it up for sale in late 2008...couldn't sell the bloody house until he sold it in 2009 for 900k. What makes this dumb guy who is selling this think that he can make 300k on it with these market conditions?
Also, what constitutes a flip? That was like 2 years ago?
Why do you have to be so mean in public forum even though you can do it anonymously? Do you understand pricing strategy? My friend is way smarter than you. $2m cash he paid for his newport coast house is more than you can save in your life time. You are just a whining loser here hoping that Irvine house price can be 50% off so that you can afford a house here.
Ah, so the personal name calling starts. It really shows you don't know me here. And trust me, he won't be getting 1.2 million for this property. And, as far as your 2 million number. haha..You don't even know how much I have. Nor, have you read any of my posts to where I live. I'm just not dumb enough to put all my assets in my house like you probably..... like most americans. Hence, the reason why so many have gone under. Probably, one of the worst investments now.
And, if he does get 1.2, I'll buy you a nice lunch cause I can guarantee he won't. Also, what does this have to do with price strategy. Tell me. I can list my house for 10 million. What does that have to do with price strategy if I spend 100k on upgrades? Plus, if you list the house too high, it can scare people off...like I said, price strategy? Maybe he thinks the street name refects the city he lives in: Malibu. Except, the freeway called Culver isn't the ocean. Let's say he paid 900k for it, put 150k in upgrades and he sells it for 1.1k (even though it is next to Culver), Minus commissons (unless he is his own broker which we know he isn't because we all know Mike Dunn), he may lose out a little, which may be fine by his book. More power to him.
By the way, people who intend on living at a house who do upgrades, tend to spend more money on these upgrades than the casual flipper who is upgrading a house.
Just remember, the topic at hand was if this was a flip and the 1.2 price the owner was asking.