Comments on: Real Homes of Genius: Anaheim Half-Off Sale! Down 40 Percent in Less Than Two Years. http://www.doctorhousingbubble.com/real-homes-of-genius-anaheim-half-off-sale-down-40-percent-in-less-than-two-years/ How I Learned to Love Southern California and Forget the Housing Bubble Wed, 19 Nov 2008 22:24:47 +0000 http://wordpress.org/?v=2.2.2 By: Genius http://www.doctorhousingbubble.com/real-homes-of-genius-anaheim-half-off-sale-down-40-percent-in-less-than-two-years/#comment-7009 Genius Mon, 28 Jan 2008 20:45:09 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-anaheim-half-off-sale-down-40-percent-in-less-than-two-years/#comment-7009 This is one of my favorite postings so far; well written. I've been reading for a while now, wondering when the time would be that things finally broke. I think it's safe to say we're past that point, and I'm definitely enjoying the show. Things always come back to equilibrium, depite the pleas of those who will be afflicted. This is one of my favorite postings so far; well written. I’ve been reading for a while now, wondering when the time would be that things finally broke. I think it’s safe to say we’re past that point, and I’m definitely enjoying the show.

Things always come back to equilibrium, depite the pleas of those who will be afflicted.

]]> By: BK http://www.doctorhousingbubble.com/real-homes-of-genius-anaheim-half-off-sale-down-40-percent-in-less-than-two-years/#comment-6946 BK Mon, 28 Jan 2008 14:40:55 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-anaheim-half-off-sale-down-40-percent-in-less-than-two-years/#comment-6946 The story about Stockton, CA on 60 Minutes Sunday night was certainly eye opening; especially when you see the map with all the dots showing the defaults/forelclosures... http://www.cbsnews.com/sections/i_video/main500251.shtml?id=3756665n BK The story about Stockton, CA on 60 Minutes Sunday night was certainly eye opening; especially when you see the map with all the dots showing the defaults/forelclosures…

http://www.cbsnews.com/sections/i_video/main500251.shtml?id=3756665n

BK

]]> By: David http://www.doctorhousingbubble.com/real-homes-of-genius-anaheim-half-off-sale-down-40-percent-in-less-than-two-years/#comment-6908 David Mon, 28 Jan 2008 08:53:23 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-anaheim-half-off-sale-down-40-percent-in-less-than-two-years/#comment-6908 This Anaheim house reminds me of my old house in Westminster Ca. (Orange County) 13602 Palomar St ,92683. Ca. Single family 3 beds 2.0 bath 1,254 sqft Lot 7,200 sqft Built in 1955 Below is Z's hilarious estimates. ZESTIMATE®: $537,500 $451,500 - $569,750 30-day change: -$40,000 This is the history : I bought it in 1997 and sold in 06 01/30/2006 $625,000 18.3%/yr 12/04/1997 $159,000 2.2%/yr 08/11/1993 $145,000 -2.5%/yr 01/04/1993 $147,250 -- I am now seeing homeowners listing their houses in this same neighborood for 400k and below and not selling. I have seen a house priced at 375K sit empty for about a year now... its one block away from my old house ! My wife and I went out looking at houses a month ago and actually made three low ball offers. I looked in areas that were asking 700k a few years ago . The scary part was after a counter offer from each agent they all excepted our offers at 475K. We of course backed out . Does anyone know what a good lowball price per sq foot would be for 92647 and 92683? What is a good base to start from? Thanks for this website Doc. I read it every night. David This Anaheim house reminds me of my old house in Westminster Ca. (Orange County) 13602 Palomar St ,92683. Ca.
Single family 3 beds 2.0 bath 1,254 sqft Lot 7,200 sqft Built in 1955
Below is Z’s hilarious estimates.
ZESTIMATE®: $537,500
$451,500 - $569,750 30-day change: -$40,000
This is the history : I bought it in 1997 and sold in 06

01/30/2006 $625,000 18.3%/yr
12/04/1997 $159,000 2.2%/yr
08/11/1993 $145,000 -2.5%/yr
01/04/1993 $147,250 —

I am now seeing homeowners listing their houses in this same neighborood for 400k and below and not selling. I have seen a house priced at 375K sit empty for about a year now… its one block away from my old house ! My wife and I went out looking at houses a month ago and actually made three low ball offers.
I looked in areas that were asking 700k a few years ago . The scary part was after a counter offer from each agent they all excepted our offers at 475K. We of course backed out . Does anyone know what a good lowball price per sq foot
would be for 92647 and 92683? What is a good base to start from? Thanks for this website Doc. I read it every night. David

]]> By: dutchtrader http://www.doctorhousingbubble.com/real-homes-of-genius-anaheim-half-off-sale-down-40-percent-in-less-than-two-years/#comment-6904 dutchtrader Mon, 28 Jan 2008 01:41:17 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-anaheim-half-off-sale-down-40-percent-in-less-than-two-years/#comment-6904 I dont know but I just have the sinking feeling that we are not going to become like Flint Michigan. I could be totally wrong by the way, but it is a thought. I dont know but I just have the sinking feeling that we are not going to become like Flint Michigan.

I could be totally wrong by the way, but it is a thought.

]]> By: Steve http://www.doctorhousingbubble.com/real-homes-of-genius-anaheim-half-off-sale-down-40-percent-in-less-than-two-years/#comment-6893 Steve Sun, 27 Jan 2008 22:27:26 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-anaheim-half-off-sale-down-40-percent-in-less-than-two-years/#comment-6893 A correction of only 30% will be nothing but a fanciful dream in a few years. What happens when the 50-100K per year jobs also go away? Go to realtor.com put in Flint, MI and search for homes UNDER $10,000 As of today there are 203 for sale and these are real homes for around $2K. NOT monthly rentals. How many of the 700 square foot crap shacks that we see courtesy of the Dr. are just a couple years away from being sold for scrap value? A correction of only 30% will be nothing but a fanciful dream in a few years.

What happens when the 50-100K per year jobs also go away?

Go to realtor.com put in Flint, MI and search for homes UNDER $10,000

As of today there are 203 for sale and these are real homes for around $2K. NOT monthly rentals.

How many of the 700 square foot crap shacks that we see courtesy of the Dr. are just a couple years away from being sold for scrap value?

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