tag:blogger.com,1999:blog-3329419642567789295.post7831429516120976793..comments2023-10-30T06:49:13.259-07:00Comments on Larry Roberts real estate writing blog: What is the fascination with cabinet hardware?Larry Robertshttp://www.blogger.com/profile/07551274023310137270noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-3329419642567789295.post-27390203430488019072008-02-17T21:47:00.000-08:002008-02-17T21:47:00.000-08:00In terms of abandoned houses, I went to the McMans...In terms of abandoned houses, I went to the McMansion farms in Jurupa and while the neighborhoods were mostly sold out, they looked pretty empty. I suspect lots of foreclosures/absentee floppers. There was respectable traffic at the model houses but I just couldn't see how the IE could absorb an entire city of 2400-plus sq. ft. houses. Often very plus!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-68213738386102593072008-02-17T17:40:00.000-08:002008-02-17T17:40:00.000-08:00There is for sure more traffic at the open houses....There is for sure more traffic at the open houses. I went to a few more today and also stopped in at some new developments. There was quite a lot of traffic at both. I'm not worried about prices going back up anytime soon though. Like RobDawg said, let the knife catchers buy so we can weed them out of the buyer pool. I didn't see anyone buying or even talking to a sales rep. Prices are still high at most of the new homes in Riverside. I just don't know who they expect to buy all these $700k homes in Riversidegolfer_Xhttps://www.blogger.com/profile/08426050465032209520noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-89576871251884564532008-02-17T13:49:00.000-08:002008-02-17T13:49:00.000-08:00So I went to some open houses today just for shits...So I went to some open houses today just for shits and giggles. OMG these realtors are full of crap. "It's a great time to buy" and "rates are down" and "prices are at historical lows". My favorite quotes of the day are<BR/><BR/>1."Right now many homes are listed 100-150K below what they are really worth"......really worth???hahahahah.<BR/><BR/>2. As I'm touring a garbage filled repo realtor says "you know I always say it's better to have them leave stuff than to have them take stuff"<BR/><BR/>3. Oh and the usual..."Write down your name and number. I would love to help you out. You know I specialize in repo properties"....ya you and every other blood sucking 6%er...<BR/><BR/>I swear this one agent was like 19 years old. He was so nervous when he was talking to me that his voice was shaking. Almost like he couldn't stand listening to the lies coming out of his own mouth. I must admit that I am getting a little jumpy though....anyone notice the increase of traffic at open houses lately or is it just in my area?<BR/><BR/>Rob in HighlandAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-47509276908004179262008-02-17T10:51:00.000-08:002008-02-17T10:51:00.000-08:00Buying now is out of the question, unless I can fi...Buying now is out of the question, unless I can find something selling for 2001 prices that I really really want. Houses that size around there were selling for around $400k in 2001. That first house at $525k is still 100k away. But, it's getting close. If that were a 4 bedroom and they would take $425k I would take that house. That's well within my comfort zone as far as price goes, the area is awesome and the house was damn near new. Why wait 2 years if you can find a deal now. Finding the deals is hard but they are out there. I've seen a few sell for way below current comps. In 2 years the prices will probably be right where those guys bought. So they get two additional years of living in their home plus they bought when rates are around 5.5%. Who knows what the rates will be in 2 years. <BR/><BR/>MLS #F1745343<BR/>This house is in the same area and was purchased new in 2000 for $380k. It's bigger and they have added a pool, and lots of nice landscaping. They think it's worth $900k which is insane. There are a couple of short sales in this tract for $600k. Or even this one which is beautiful at $699k MLS K08023160<BR/>Does anyone think these will go back to 2000 prices? I don't, I'd take either of these at $500k if I could get them at it today.golfer_Xhttps://www.blogger.com/profile/08426050465032209520noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-79599054194823068772008-02-17T10:27:00.000-08:002008-02-17T10:27:00.000-08:00If an item (knob or appliance) was rolled into you...If an item (knob or appliance) was rolled into your original mortgage and you were forclosed, then those items properly belong to the loan company because you are unable to pay them for any of those items. A person in that circumstance should be charged with theft, or even grand theft depending on the level. However, if the items were out-of-pocket, paid by the person living there, then the loan company should have no quarrel, providing that the items were replaced with whatever came with the house when they took out the loan.<BR/>Of course we all know that ethics take a back seat to passion brought on by foreclosure. A sledge hammer becomes a therapeutic device for the woeful upside-downer.<BR/>I'm just happy that it has only been screwdrivers and hammers being used so far. In most depressions we also hear of people going postal and suicidal.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-34501051933372184742008-02-17T09:28:00.000-08:002008-02-17T09:28:00.000-08:00Whats wrong with renting for awhile until things s...Whats wrong with renting for awhile until things settle down, even if you are being transfered for a job. I really cannot see any reason where someone is "forced" to buy. Just my opinion.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-56598319605144181682008-02-17T08:18:00.000-08:002008-02-17T08:18:00.000-08:00I agree with Rob here. Let the folks who want to ...I agree with Rob here. Let the folks who want to buy now, buy now. The people who have to buy now, well, they have to. Nothing they can do to wait if they're being transferred or whatever. But for the most part buying now seems like an invitation to, in the matter of a dozen months or so, cut 20% off your equity. To me, it just makes no sense.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-3126597357799901272008-02-17T07:46:00.000-08:002008-02-17T07:46:00.000-08:00Those freaky knobs go for $5 apiece. A screwdriv...Those freaky knobs go for $5 apiece. A screwdriver and 10 minutes nets more than trying to wrestle a Sub-Zero into the Corolla. <BR/><BR/>Let these people buy for now, we need to clear them out of the way so they don't screw up our plans in a year or two.Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-6571223244131072652008-02-16T23:19:00.000-08:002008-02-16T23:19:00.000-08:00One of the ones we looked at had the dishwasher re...One of the ones we looked at had the dishwasher removed but they left all the other stuff. Another thing I've noticed them taking is the shower heads? I've seen that now in at least a half dozen houses. <BR/><BR/>I'm with ya on the price. Another 200k would be great.golfer_Xhttps://www.blogger.com/profile/08426050465032209520noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-27596220553068657322008-02-16T23:07:00.000-08:002008-02-16T23:07:00.000-08:00I find that most places have another $200k to shav...I find that most places have another $200k to shave off before I'll be interested, your REO included.<BR/><BR/>Weird about the cabinet hardware. The REO I looked at yesterday had the stove removed, but a high end SS refrig. still there. I thought "WTF?"Anonymousnoreply@blogger.com