Mission Valley Flippers Frustrated
8355 STATION VILLAGE LANE, MISSION VALLEY
These flippers purchased these 5 units last year and attempted to pull a fast one on the general public.
Unit # 4304
2 br, 2 ba 1171 sq ft, purchased for $481,267 on 6/21/2005, listed on 8/31/2006 for $430,000-$485,876
Unit # 4104
2 br, 2 ba 1171 sq ft, purchased for $402,713 on 6/24/2005, listed on 8/3/2006 for $549,000 has now been reduced to $512,999-$524,999
Unit # 4218
2 br, 2 ba 1171 sq ft, purchased for $516,769 on 6/24/2005, listed on 9/5/2006 for $517,000-$535,000
2 br, 2 ba 1171 sq ft, purchased for $516,769 on 6/24/2005, listed on 9/5/2006 for $517,000-$535,000
Unit # 4309
2 br, 2 ba 1176 sq ft, purchased for $485,738 on 6/20/2005, listed on 9/6/2006 for $539,900 has now been reduced to $525,000
2 br, 2 ba 1176 sq ft, purchased for $485,738 on 6/20/2005, listed on 9/6/2006 for $539,900 has now been reduced to $525,000
Unit # 4203
2 br, 2 ba 1179 sq ft, purchased for $507,999 on 6/15/2005, listed on 3/28/2006 for $610,000 has now been reduced to $529,999
All of these flippers will be lucky to break even. What ever happened to earning money the old fashioned way with screwing innocent folks who just want a place to live without pay 80% of their take home salary.
Folks, the blog is for your education spread the word and stop this outrageous behavior. We must make a stand and take back our county.......together.
3 comments:
I don't understand your nominclature. You list the selling price as a range??
for examle 629,000 - 679,000
Which is the listing price, the high number or the low number? Is it common in San Diego to give a range when selling?
In Los Angeles, there is only 1 listing price. Please clarify.
This is the way it is in SD county, it is totally ridiculous. The realtors are the real criminals
Ah, San Diego..
America's finest city of crooked real estate professionals and their associated scam artist mortgage companies..
Folks, the blog is for your education spread the word and stop this outrageous behavior. We must make a stand and take back our county.......together.
I agree. We need to stop this real estate BS 'bubble' right now!
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