Love Thy Neighbor?
5175 SEA MIST COURT , SORRENTO VALLEY
Love thy neighbor? Well, only if he doesn't bring down the price of my home.
The neighbor at 5175 SEA MIST CT (1902 sq ft at $649-699K) is about to royally screw his buddy at 5092 SEA MIST CT. 5092 committed the ultimate no-no in July 2005 when he purchased his 1902 sq ft home for $795K.
Can you imagine the hate these neighbors must have for each other? The constant monitoring of price reductions, the anxiety, the sleepless nights …..ohhhhh the heart ache. Well that is what happens when you either flip a house or make someone rich trying at the wrong time in the market.
As far as I am concerned anyone who purchased a home after mid-2004 will eventually go through that hell, its just a matter of time.
The big difference here is that 5175 purchased his home for $500K and can afford to come down and still make a handsome profit while completely and utterly devastating his neighbor.
Lesson learned: If you live by the sword, not only will you die from it but you will have an agonizing death.
2 comments:
Boy, I tell ya.. I'm going to really enjoy watching these poor greedy dumb SOBs price themselves into foreclosure.
Lowball offers should start at $200K.. They're insulted?! .. Then lower the offer by another $10K..
MAKE THEM SWEAT FOR A CHANGE!
My God, if that was my neighbor I would be soooooooooo mad :<
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