Why would someone list a WTF like this

[conciseusa_IHB]

I am currently living in Lakewood and we are thinking about moving to Irvine when the market looks to be bottoming out.

Someone in our neighborhood is trying to sell a house for $1,100,000 that they brought for $739,000 in 2006 and is Zillowing for $528,000.

http://www.redfin.com/CA/Lakewood/2128-Lark-bay-Ln-90712/home/7544859

Why do people do this? It is so obviously out of whack that I am wondering if this is some ploy with an objective other than trying to sell the house. Or are they just on some really good drugs?

 

[no_vaseline_IHB]

I'd make a note of the listing agent, and make sure you add that name to your blacklist book of fools to never do anything with.

 

[IrvineRealtor_IHB]

I'd make a note of the listing agent, and make sure you add that name to your blacklist book of fools to never do anything with.

You're never going to get lunch at the Hat that way, no_vas. ;-)

 

[gwailo168_IHB]

maybe it is park front property. Similar to beach front -=P

 

[no_vaseline_IHB]

I'd make a note of the listing agent, and make sure you add that name to your blacklist book of fools to never do anything with.

You're never going to get lunch at the Hat that way, no_vas. ;-)

If you and I go to lunch, I'm buying. End of story.