Saturday, October 28, 2006

Sacramento: 2006-10-28 Part I


808 Natoma St
Folsom, CA 95630
Total Loss: $158,500Percent Loss: 30.6%
Asking Price: $360,000
Bedrooms:3    Baths: 1    Sq. feet:1262

Previous Sales:
Sold on 2005-12-02 for $518,500

MLS# 60112107      Google Maps
Assessed Value       Property Tax Bill



2731 Gunn Rd
Carmichael, CA 95608
Total Loss: $140,500Percent Loss: 31.2%
Asking Price: $310,000
Bedrooms:3    Baths: 3    Sq. feet:1986

Asking Price Changes:
Down 22.3% from $399,000 On 09-09
Down 13.9% from $360,000 On 10-14
Down 11.4% from $350,000 On 10-21

Previous Sales:
Sold on 2004-05-21 for $40,000
Sold on 2005-02-16 for $351,000
Sold on 2006-03-10 for $450,500

MLS# 60114775      Google Maps
Assessed Value       Property Tax Bill



9947 Kapalua Ln
Elk Grove, CA 95624
Total Loss: $131,000Percent Loss: 14.4%
Asking Price: $779,000
Bedrooms:3    Baths: 3    Sq. feet:3495

Asking Price Changes:
Down 20.1% from $975,000 On 10-07
Down 16.1% from $929,000 On 10-14

Previous Sales:
Sold on 2005-06-21 for $692,000
Sold on 2005-08-11 for $910,000

MLS# 60112470      Google Maps
Assessed Value       Property Tax Bill



4341 Fell St
Sacramento, CA 95838
Total Loss: $130,500Percent Loss: 30.3%
Asking Price: $299,500
Bedrooms:4    Baths: 2    Sq. feet:1823

Asking Price Changes:
Down 11.8% from $339,500 On 10-21

Previous Sales:
Sold on 2005-05-13 for $430,000

MLS# 60116943      Google Maps
Assessed Value       Property Tax Bill



7148 Mariposa Ave
Citrus Heights, CA 95610
Total Loss: $124,000Percent Loss: 27.6%
Asking Price: $325,000
Bedrooms:2    Baths: 1    Sq. feet:1478

Asking Price Changes:
Down 39.3% from $534,999 On 06-01
Down 27.8% from $450,000 On 06-09

Previous Sales:
Sold on 2006-08-31 for $449,000

MLS# 60106971      Google Maps
Assessed Value       Property Tax Bill



12045 Mandolin Way
Rancho Cordova, CA 95742
Total Loss: $119,000Percent Loss: 17.3%
Asking Price: $570,000
Bedrooms:5    Baths: 3    Sq. feet:2821

Asking Price Changes:
Down 18.0% from $695,000 On 04-09
Down 13.6% from $660,000 On 06-01
Down 4.2% from $595,000 On 07-15

Previous Sales:
Sold on 2006-02-16 for $689,000

MLS# 60017236      Google Maps
Assessed Value       Property Tax Bill



7217 Pine Grove Way
Folsom, CA 95630
Total Loss: $115,000Percent Loss: 15.0%
Asking Price: $650,000
Bedrooms:4    Baths: 3    Sq. feet:3254

Asking Price Changes:
Down 6.9% from $698,000 On 09-02

Previous Sales:
Sold on 2006-03-01 for $765,000

MLS# 60099754      Google Maps



8756 Rubystone Ct
Elk Grove, CA 95624
Total Loss: $110,000Percent Loss: 20.2%
Asking Price: $435,000
Bedrooms:3    Baths: 2    Sq. feet:1900

Asking Price Changes:
Down 2.2% from $445,000 On 07-28

Previous Sales:
Sold on 2005-12-02 for $545,000

MLS# 60083355      Google Maps
Assessed Value       Property Tax Bill



9308 Engleside Ct
Elk Grove, CA 95758
Total Loss: $107,500Percent Loss: 19.1%
Asking Price: $455,000
Bedrooms:4    Baths: 3    Sq. feet:2126

Asking Price Changes:
Down 16.1% from $542,000 On 06-16
Down 11.7% from $515,000 On 07-15
Down 6.2% from $485,000 On 08-14
Down 4.2% from $475,000 On 09-02

Previous Sales:
Sold on 2005-08-15 for $562,500

MLS# 60064506      Google Maps
Assessed Value       Property Tax Bill



104 Herrill Ct
Folsom, CA 95630
Total Loss: $104,600Percent Loss: 20.3%
Asking Price: $409,900
Bedrooms:3    Baths: 2    Sq. feet:1913

Asking Price Changes:
Down 9.9% from $454,900 On 07-22

Previous Sales:
Sold on 2005-10-07 for $514,500

MLS# 60079635      Google Maps
Assessed Value       Property Tax Bill



4211 Brookfield Dr
Sacramento, CA 95823
Total Loss: $103,100Percent Loss: 41.2%
Asking Price: $146,900
Bedrooms:2    Baths: 1    Sq. feet:1116

Asking Price Changes:
Down 18.3% from $179,900 On 04-09
Down 16.0% from $174,900 On 05-20
Down 13.5% from $169,900 On 06-01
Down 10.9% from $164,900 On 06-30
Down 8.1% from $159,900 On 07-15
Down 2.0% from $149,900 On 09-30

Previous Sales:
Sold on 2004-08-03 for $76,000
Sold on 2004-10-28 for $250,000

MLS# 60115170      Google Maps
Assessed Value       Property Tax Bill



8800 Creek Oaks Ln
Orangevale, CA 95662
Total Loss: $100,000Percent Loss: 8.3%
Asking Price: $1,100,000
Bedrooms:5    Baths: 3    Sq. feet:5000

Asking Price Changes:
Down 15.1% from $1,295,000 On 05-04
Down 13.7% from $1,275,000 On 06-01
Down 12.4% from $1,255,000 On 07-08

Previous Sales:
Sold on 2003-11-19 for $1,000,000
Sold on 2006-03-24 for $1,200,000

MLS# 60101736      Google Maps
Assessed Value       Property Tax Bill



6500 Larchmont Dr
North Highlands, CA 95660
Total Loss: $91,000Percent Loss: 27.6%
Asking Price: $239,000
Bedrooms:3    Baths: 2    Sq. feet:1120

Asking Price Changes:
Down 7.7% from $259,000 On 09-09
Down 4.0% from $249,000 On 09-16

Previous Sales:
Sold on 2006-03-23 for $330,000

MLS# 60100568      Google Maps
Assessed Value       Property Tax Bill



990 Snow Lily Ave
Galt, CA 95632
Total Loss: $85,883Percent Loss: 16.2%
Asking Price: $445,085
Bedrooms:4    Baths: 2    Sq. feet:1998

Asking Price Changes:
Down 3.0% from $458,850 On 09-23

Previous Sales:
Sold on 2004-06-25 for $341,000
Sold on 2006-08-29 for $530,968

MLS# 60106931      Google Maps
Assessed Value       Property Tax Bill



5101 Lotus Pond Way
Elk Grove, CA 95757
Total Loss: $85,000Percent Loss: 12.8%
Asking Price: $579,000
Bedrooms:4    Baths: 3    Sq. feet:2816

Asking Price Changes:
Down 3.3% from $599,000 On 09-09

Previous Sales:
Sold on 2006-02-15 for $664,000

MLS# 60102365      Google Maps
Assessed Value       Property Tax Bill



2713 16th St
Sacramento, CA 95818
Total Loss: $80,100Percent Loss: 16.3%
Asking Price: $409,900
Bedrooms:3    Baths: 1    Sq. feet:1168

Asking Price Changes:
Down 13.9% from $475,900 On 04-27
Down 10.4% from $457,500 On 06-09
Down 5.8% from $435,000 On 08-05
Down 3.6% from $425,000 On 09-09

Previous Sales:
Sold on 2004-10-18 for $85,000
Sold on 2005-03-01 for $490,000

MLS# 60102174      Google Maps
Assessed Value       Property Tax Bill



4311 CADEE Ct
Rancho Cordova, CA 95742
Total Loss: $78,000Percent Loss: 10.7%
Asking Price: $650,000
Bedrooms:6    Baths: 4    Sq. feet:3500

Previous Sales:
Sold on 2006-05-05 for $728,000

MLS# 60098335      Google Maps
Assessed Value       Property Tax Bill



5220 Mckellar Ave
Sacramento, CA 95824
Total Loss: $75,050Percent Loss: 30.6%
Asking Price: $169,950
Bedrooms:2    Baths: 1    Sq. feet:708

Asking Price Changes:
Down 19.1% from $209,950 On 09-02
Down 10.5% from $189,950 On 09-09

Previous Sales:
Sold on 2005-07-15 for $245,000

MLS# 60099834      Google Maps
Assessed Value       Property Tax Bill



3133 T St
Sacramento, CA 95816
Total Loss: $75,000Percent Loss: 11.7%
Asking Price: $565,000
Bedrooms:3    Baths: 2    Sq. feet:1739

Asking Price Changes:
Down 21.0% from $715,000 On 05-14
Down 3.4% from $585,000 On 09-02
Down 2.2% from $578,000 On 09-23

Previous Sales:
Sold on 2005-09-30 for $640,000

MLS# 60099251      Google Maps
Assessed Value       Property Tax Bill



6016 14th St
Sacramento, CA 95822
Total Loss: $74,000Percent Loss: 16.5%
Asking Price: $375,000
Bedrooms:3    Baths: 2    Sq. feet:1456

Asking Price Changes:
Down 14.6% from $439,000 On 04-09
Down 10.5% from $419,000 On 09-02

Previous Sales:
Sold on 2005-02-18 for $364,000
Sold on 2005-07-25 for $449,000

MLS# 60112871      Google Maps
Assessed Value       Property Tax Bill



135 Mcfarland Dr
Folsom, CA 95630
Total Loss: $71,000Percent Loss: 16.7%
Asking Price: $355,000
Bedrooms:3    Baths: 2    Sq. feet:1371

Asking Price Changes:
Up 1.4% from $350,000 On 08-05
Down 7.8% from $385,000 On 08-14
Down 2.7% from $365,000 On 09-23

Previous Sales:
Sold on 2005-06-17 for $426,000

MLS# 60087877      Google Maps
Assessed Value       Property Tax Bill



15007 Guadalupe Dr
Rancho Murieta, CA 95683
Total Loss: $70,100Percent Loss: 10.8%
Asking Price: $579,900
Bedrooms:5    Baths: 3    Sq. feet:2851

Asking Price Changes:
Down 17.1% from $699,900 On 04-09
Down 14.6% from $679,000 On 04-27
Down 10.1% from $645,000 On 09-30

Previous Sales:
Sold on 2005-07-21 for $650,000

MLS# 60109227      Google Maps
Assessed Value       Property Tax Bill



6829 Fruitridge Rd
Sacramento, CA 95820
Total Loss: $70,000Percent Loss: 20.6%
Asking Price: $270,000
Bedrooms:5    Baths: 2    Sq. feet:1843

Asking Price Changes:
Down 10.0% from $300,000 On 06-22

Previous Sales:
Sold on 2005-03-16 for $340,000

MLS# 60067432      Google Maps
Assessed Value       Property Tax Bill



8738 Lemas Rd
Sacramento, CA 95828
Total Loss: $69,011Percent Loss: 18.7%
Asking Price: $299,989
Bedrooms:3    Baths: 2    Sq. feet:1457

Asking Price Changes:
Down 14.3% from $349,900 On 08-14
Down 10.5% from $335,000 On 09-09

Previous Sales:
Sold on 2005-10-21 for $369,000

MLS# 60090511      Google Maps
Assessed Value       Property Tax Bill



5931 Mascot Ave
Sacramento, CA 95824
Total Loss: $67,983Percent Loss: 26.7%
Asking Price: $187,000
Bedrooms:3    Baths: 1    Sq. feet:1020

Asking Price Changes:
Down 26.7% from $255,000 On 05-14
Down 2.6% from $192,000 On 09-23

Previous Sales:
Sold on 2006-08-23 for $254,983

MLS# 60107420      Google Maps
Assessed Value       Property Tax Bill



8456 Mockenhaupt Ct
Elk Grove, CA 95624
Total Loss: $67,000Percent Loss: 16.8%
Asking Price: $333,000
Bedrooms:3    Baths: 2    Sq. feet:1217

Asking Price Changes:
Down 4.9% from $350,000 On 09-23

Previous Sales:
Sold on 2005-10-31 for $400,000

MLS# 60106145      Google Maps
Assessed Value       Property Tax Bill



3320 9th Ave
Sacramento, CA 95817
Total Loss: $65,100Percent Loss: 26.0%
Asking Price: $184,900
Bedrooms:2    Baths: 1    Sq. feet:936

Asking Price Changes:
Down 26.0% from $250,000 On 04-09
Down 14.0% from $214,900 On 06-16
Down 7.5% from $199,900 On 07-22
Down 2.6% from $189,900 On 08-14

Previous Sales:
Sold on 2005-06-30 for $250,000

MLS# 60114955      Google Maps



6046 Windbreaker Way
Sacramento, CA 95823
Total Loss: $65,000Percent Loss: 17.6%
Asking Price: $305,000
Bedrooms:4    Baths: 2    Sq. feet:1600

Previous Sales:
Sold on 2006-03-30 for $370,000

MLS# 60116228      Google Maps
Assessed Value       Property Tax Bill



7936 Golden Field Way
Sacramento, CA 95823
Total Loss: $64,000Percent Loss: 20.1%
Asking Price: $255,000
Bedrooms:4    Baths: 2    Sq. feet:1318

Asking Price Changes:
Down 5.6% from $269,999 On 10-14

Previous Sales:
Sold on 2005-08-01 for $319,000

MLS# 60115221      Google Maps
Assessed Value       Property Tax Bill



11769 Loisdale Way
Rancho Cordova, CA 95742
Total Loss: $62,500Percent Loss: 14.4%
Asking Price: $372,000
Bedrooms:4    Baths: 3    Sq. feet:2139

Asking Price Changes:
Down 22.3% from $479,000 On 08-05
Down 2.1% from $380,000 On 09-23

Previous Sales:
Sold on 2005-10-28 for $434,500

MLS# 60106338      Google Maps
Assessed Value       Property Tax Bill



10238 Countryside Way
Sacramento, CA 95827
Total Loss: $62,000Percent Loss: 17.9%
Asking Price: $285,000
Bedrooms:4    Baths: 2    Sq. feet:1590

Asking Price Changes:
Down 1.4% from $289,000 On 10-14

Previous Sales:
Sold on 2005-08-10 for $347,000

MLS# 60113323      Google Maps
Assessed Value       Property Tax Bill



9435 Soaring Oaks Dr
Elk Grove, CA 95758
Total Loss: $61,050Percent Loss: 17.4%
Asking Price: $289,950
Bedrooms:3    Baths: 2    Sq. feet:1154

Asking Price Changes:
Down 1.7% from $294,950 On 09-23

Previous Sales:
Sold on 2005-06-13 for $351,000

MLS# 60107019      Google Maps
Assessed Value       Property Tax Bill



3311 Franklin Blvd
Sacramento, CA 95818
Total Loss: $61,000Percent Loss: 15.3%
Asking Price: $339,000
Bedrooms:4    Baths: 2    Sq. feet:1509

Previous Sales:
Sold on 2004-07-26 for $272,000
Sold on 2006-02-17 for $400,000

MLS# 60003190      Google Maps
Assessed Value       Property Tax Bill



3519 Port Dr
Sacramento, CA 95826
Total Loss: $60,500Percent Loss: 15.7%
Asking Price: $324,500
Bedrooms:3    Baths: 2    Sq. feet:1768

Previous Sales:
Sold on 2005-09-21 for $385,000

MLS# 60117663      Google Maps



9123 Cobblefield Dr
Sacramento, CA 95829
Total Loss: $60,100Percent Loss: 11.6%
Asking Price: $459,900
Bedrooms:5    Baths: 4    Sq. feet:2680

Asking Price Changes:
Down 19.6% from $572,250 On 06-16
Down 15.6% from $544,900 On 06-22
Down 10.7% from $514,900 On 07-28
Down 8.0% from $499,900 On 09-09

Previous Sales:
Sold on 2005-02-18 for $383,500
Sold on 2005-05-12 for $520,000

MLS# 60063235      Google Maps



6549 RIO OSO Dr
Rancho Murieta, CA 95683
Total Loss: $60,000Percent Loss: 8.8%
Asking Price: $625,000
Bedrooms:3    Baths: 2    Sq. feet:2785

Asking Price Changes:
Down 2.3% from $640,000 On 05-18

Previous Sales:
Sold on 2003-12-17 for $548,000
Sold on 2005-04-04 for $685,000

MLS# 60051343      Google Maps
Assessed Value       Property Tax Bill



5 Northwich Ct
Sacramento, CA 95832
Total Loss: $59,000Percent Loss: 14.1%
Asking Price: $360,000
Bedrooms:3    Baths: 2    Sq. feet:1536 $349,900

Previous Sales:
Sold on 2005-12-16 for $419,000

MLS# 60106240      Google Maps
Assessed Value       Property Tax Bill



5412 Ravine Creek Way
Elk Grove, CA 95758
Total Loss: $58,945Percent Loss: 13.4%
Asking Price: $379,900
Bedrooms:4    Baths: 3    Sq. feet:2267

Asking Price Changes:
Down 10.1% from $422,650 On 07-15
Down 5.7% from $402,900 On 08-26
Down 3.1% from $392,000 On 09-09

Previous Sales:
Sold on 2005-05-17 for $410,000
Sold on 2005-09-27 for $519,000
Sold on 2006-06-23 for $438,845

MLS# 60077522      Google Maps
Assessed Value       Property Tax Bill



7109 Paul Do Mar Way
Elk Grove, CA 95757
Total Loss: $58,600Percent Loss: 10.0%
Asking Price: $529,900
Bedrooms:4    Baths: 3    Sq. feet:2984

Asking Price Changes:
Down 18.4% from $649,000 On 07-08
Down 15.1% from $624,000 On 07-15
Down 8.5% from $579,000 On 07-22
Down 5.2% from $559,000 On 08-05
Down 3.7% from $550,000 On 08-14

Previous Sales:
Sold on 2005-06-06 for $588,500

MLS# 60074230      Google Maps
Assessed Value       Property Tax Bill



7613 Muschetto Ct
Citrus Heights, CA 95621
Total Loss: $58,100Percent Loss: 16.9%
Asking Price: $284,900
Bedrooms:3    Baths: 2    Sq. feet:1316

Asking Price Changes:
Down 22.8% from $369,000 On 08-19
Down 11.8% from $323,000 On 08-26
Down 5.0% from $299,900 On 09-02
Down 3.4% from $294,900 On 09-09
Down 1.7% from $289,900 On 09-23

Previous Sales:
Sold on 2005-05-13 for $343,000

MLS# 60094297      Google Maps
Assessed Value       Property Tax Bill



2057 Danvers Way
Sacramento, CA 95832
Total Loss: $58,000Percent Loss: 14.2%
Asking Price: $350,000
Bedrooms:3    Baths: 2    Sq. feet:1662

Previous Sales:
Sold on 2004-12-15 for $332,000
Sold on 2005-08-12 for $408,000

MLS# 60104931      Google Maps
Assessed Value       Property Tax Bill



4925 15th Ave
Sacramento, CA 95820
Total Loss: $57,100Percent Loss: 22.2%
Asking Price: $199,900
Bedrooms:3    Baths: 1    Sq. feet:1134

Asking Price Changes:
Down 7.6% from $216,375 On 09-30

Previous Sales:
Sold on 2006-07-12 for $257,000

MLS# 60085485      Google Maps
Assessed Value       Property Tax Bill



9117 Trumbauer Way
Elk Grove, CA 95758
Total Loss: $56,050Percent Loss: 11.6%
Asking Price: $425,950
Bedrooms:4    Baths: 3    Sq. feet:2008

Asking Price Changes:
Down 19.4% from $528,500 On 08-05
Down 14.1% from $495,950 On 08-19
Down 10.5% from $475,950 On 09-09
Down 8.6% from $465,950 On 09-16
Down 6.6% from $455,950 On 09-30

Previous Sales:
Sold on 2006-03-03 for $482,000

MLS# 60087970      Google Maps
Assessed Value       Property Tax Bill



8168 Saddlebrook Ct
Sacramento, CA 95828
Total Loss: $56,000Percent Loss: 15.3%
Asking Price: $309,000
Bedrooms:4    Baths: 2    Sq. feet:1442

Asking Price Changes:
Down 3.1% from $319,000 On 09-23

Previous Sales:
Sold on 2005-06-30 for $365,000

MLS# 60105083      Google Maps
Assessed Value       Property Tax Bill



9261 Fruited Plain Way
Elk Grove, CA 95624
Total Loss: $55,500Percent Loss: 9.1%
Asking Price: $555,000
Bedrooms:4    Baths: 3    Sq. feet:2685

Previous Sales:
Sold on 2005-01-14 for $610,500

MLS# 60116992      Google Maps
Assessed Value       Property Tax Bill



5026 Creek View Way
Sacramento, CA 95841
Total Loss: $55,000Percent Loss: 13.1%
Asking Price: $365,000
Bedrooms:4    Baths: 2    Sq. feet:1904

Previous Sales:
Sold on 2005-07-08 for $320,000
Sold on 2006-03-02 for $420,000

MLS# 60095216      Google Maps
Assessed Value       Property Tax Bill



1030 Hildebrand Cir
Folsom, CA 95630
Total Loss: $54,000Percent Loss: 11.0%
Asking Price: $435,000
Bedrooms:3    Baths: 2    Sq. feet:1687

Asking Price Changes:
Down 18.7% from $535,000 On 05-20
Down 17.1% from $525,000 On 08-05
Down 5.2% from $459,000 On 09-02
Down 3.1% from $449,000 On 09-09

Previous Sales:
Sold on 2005-10-20 for $489,000

MLS# 60099658      Google Maps
Assessed Value       Property Tax Bill



5855 13th St
Sacramento, CA 95822
Total Loss: $53,050Percent Loss: 10.3%
Asking Price: $459,950
Bedrooms:3    Baths: 2    Sq. feet:1907

Asking Price Changes:
Down 8.0% from $499,950 On 06-01

Previous Sales:
Sold on 2005-09-29 for $513,000

MLS# 60057500      Google Maps
Assessed Value       Property Tax Bill



2412 51st Ave
Sacramento, CA 95822
Total Loss: $53,000Percent Loss: 15.5%
Asking Price: $290,000
Bedrooms:3    Baths: 2    Sq. feet:1900

Asking Price Changes:
Down 27.5% from $400,000 On 06-22
Down 27.0% from $397,000 On 08-05
Down 26.6% from $395,000 On 08-26
Down 19.4% from $360,000 On 09-30
Down 9.4% from $320,000 On 10-14

Previous Sales:
Sold on 2005-10-24 for $343,000

MLS# 60064709      Google Maps



2611 28th St
Sacramento, CA 95818
Total Loss: $52,000Percent Loss: 14.9%
Asking Price: $298,000
Bedrooms:2    Baths: 1    Sq. feet:1040

Asking Price Changes:
Down 9.7% from $329,900 On 06-01
Down 4.1% from $310,900 On 08-26
Down 1.3% from $301,900 On 09-30

Previous Sales:
Sold on 2004-01-06 for $119,000
Sold on 2005-03-29 for $350,000

MLS# 60096502      Google Maps
Assessed Value       Property Tax Bill



9968 Autumn Sage Way
Elk Grove, CA 95757
Total Loss: $51,500Percent Loss: 11.5%
Asking Price: $395,000
Bedrooms:3    Baths: 2    Sq. feet:1708

Asking Price Changes:
Down 11.2% from $445,000 On 06-22
Down 9.2% from $435,000 On 07-22

Previous Sales:
Sold on 2005-10-06 for $446,500

MLS# 60067888      Google Maps
Assessed Value       Property Tax Bill



15 Yardis Ct
Sacramento, CA 95833
Total Loss: $51,000Percent Loss: 12.9%
Asking Price: $345,000
Bedrooms:3    Baths: 2    Sq. feet:1479

Previous Sales:
Sold on 2005-10-03 for $396,000

MLS# 60110479      Google Maps
Assessed Value       Property Tax Bill


Total 401 in Sacramento County
Go to Part II

5 comments :

Anonymous said...

Holy Forclosures, Batman. The FITs are growing by 5-10% every week. SLAP! BAM! ARM! FICO! Call the Riddler, see if he can find a Joker or two or even 401 (# of FITs this week). Preferably get the ones with a bucket of money and box of stupid. It's going to take everything we've got to try and save Gothom this time.

Anonymous said...

Flippers are in big trouble in San Diego, too. A real estate agent bought the place next door for 800K in 12/05. He's been trying to "flip it" for 1.2 Million, but guess what....no one's biting! The place has been on the market almost a year.

Anonymous said...

An Agent in SD trying to flip a million dollar POS? That is going to hurt! First, his income is dropping like a rock. Now his assets are too. It would be very unfortunate if he had to actually get a real job and actually contribute to the production and betterment of society, instead of living off the rest of us like a leach.

If there is one good thing about this bubble bursting, it is that all these real estate parasites are going to finally shrivel up and blow away. It is too bad the host body has to feel the pain too.

Anonymous said...

Wow, some people made like 300k in a year off some of those POS sub 100k houses they bought just back in 2004. Who would buy an 85k house for 350k? Those days are over.

Anonymous said...

I wonder how many of the prior purchase prices were inflated by these fraudulent "cash-back" deals.

I have a hard time thinking some of these flippers would take a $115,000 hit (on a $600,000 property) just 8 months after purchasing.

Thanks very much for your work on this. I check it every week or so--great information.

Jeff