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Hi I'm Bob Flippa and welcome to "This Old House Flip". We will be investigating detailed examples of flippers attempting to quickly make a profit buying and selling the "American Dream" of owning a home in the San Diego County area. This blog serves to educate potential buyers of the unscrupulous activies of these flippers and will hopefully save you money in the longterm.
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- Best Deals in San Diego County
- More trouble in paradise
- Southland home sales slow to ten-year low
- More fun for flippers in San Marcos
- Over 20% loss in 16 months in San Marcos
- Steep Increase in California Foreclosure Activity
- More money to burn in Chula Vista
- San Marcos flippers fleeing
- San Diego foreclosures up nearly 7% in one month
- Flippers be careful of lead paint and zoning issues
- Mission Valley flipper looking for answers
- -$10K per month hit for Carmel Valley flipper
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Disclaimer: Observations made by the publisher of This Old House Flip are made based on gathering articles and data from various real estate, governmental and news sources. We are not responsible for errors or omissions of data and news. All opinions made by the publishers of this web site are not to be taken as investment advise. We recommend everyone to use their own judgment and gather facts regarding their real estate or other financial affairs.
7 comments:
Usually, when a house is priced below comps, there is a reason.
Monte Vista Drive: very busy street
Edgewater: 3 lots down (what is that, about 200 ft) from railway tracks.
Moonglow: houses on that street were engulfed in flames in the 2003 Cedar Fire. Was this one of them? http://www.moonglow.net/fire/index.html
Tamil: Can't dig up any dirt on that one, but it is within a few hundred feet of rows and rows of apts.
But if you have to have a low price tag, they may be worth considering.
Deal? Who wants a 90 minute commute, live where the air is grey, and the summer is hotter than hot? I think I would rather move to Flagstaff and ski my brains off for half that price.
Did more research on Moonglow. It didn't burn in the fire, but the homes across the street, 3 doors down, and 4 doors down all were destroyed in the fire.
That probably makes fire insurance very expensive now, if you can get it at all. Probably hurt the property values, too.
I like that you've included sellers that are actually pricing their houses correctly. As much as a like seeing all the jerfoffs getting burned.
It's nice to see sellers that trying to be realistic.
Take a look at my market history report for Bakersfield and Los Angeles at
http://homepricehistory.blogspot.com/
Additionally, if there's enough interest I'd be willing to do a similiar report for San Diego.
I am very glad that I didn't buy a house last year, and I still think that prices will continue to drop much lower and much faster than anyone can possibly imagine..
http://www.realtor.com/FindHome/HomeListing.asp?snum=33&frm=bymap&pgnum=4&mls=xmls&js=on&fid=so&vtsort=&ss_aywr=&poe=realtor&areaid=3575&ct=escondido&st=CA&zp=&primaryZp=&nearbyZp=&mnprice=450000&mxprice=700000&mnbed=4&mnbath=2.5&typ=1&mnsqft=2000&exft=0&exft=issty&exft=e3cargar&exft=ifirepl&exft=ihwoodfl&exft=e1_2acre&exft=eliteview&exft=emountain&lid=Enter+MLS+ID&sid=079AF2132D8FC&snumxlid=1065918573&lnksrc=00002
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