Comments on: Feeling trapped by a home? Bella Vista in Los Gatos will set you free!

By: Herve Estater

Herve Estater — Tue, 04 Aug 2009 03:41:36 +0000

Two more Bella Vista houses: 196 Bersano Ln: $1,778,000. 214 Bersano Ln: $1,748,000.

By: anon

anon — Fri, 10 Jul 2009 16:05:35 +0000

Sounds good to me, Pralay…If you’re not making money on a house, there’s no reason to pay a mortgage!

By: nomadic

nomadic — Thu, 09 Jul 2009 15:37:30 +0000

Even with the recent increase, it’s already listed for less than they paid.

I wonder if they’ll just stop paying the mortgage on the one-year anniversary? Let the bank sell it for them!

By: anon

anon — Thu, 09 Jul 2009 07:56:07 +0000

DT, i think that they were just hoping someone would get drunk enough on the fourth of july to buy the home…

“Well, on Aug 1 it going to have one year anniversary for this listing. It didn’t sell in spite of ten months of continuous price reduction. So it got to be selling when price increased. That’s called Realtardized logic.”

Because, Pralay, homes never depreciate in value. That’s how they know not to sell for less than what they paid.

By: Pralay

Pralay — Thu, 09 Jul 2009 07:47:53 +0000

Which is the right move in this environment? Both!
—–

Well, on Aug 1 it going to have one year anniversary for this listing. It didn’t sell in spite of ten months of continuous price reduction. So it got to be selling when price increased. That’s called Realtardized logic.

By: DreamT

DreamT — Thu, 09 Jul 2009 07:38:52 +0000

anon – that’s what you’d call factoring in the intrinsic gain in value! They’re essentially saying “If you don’t snatch it now, it’ll cost you more later! So hurry!”

By: anon

anon — Thu, 09 Jul 2009 07:31:07 +0000

Interesting. These FBs http://www.redfin.com/CA/San-Mateo/421-S-Eldorado-St-94402/home/704448 just made their price more attractive by raising it 32k on July 3rd!

Which is the right move in this environment? Both!

That is the beauty of real estate.

By: Pralay

Pralay — Thu, 09 Jul 2009 07:05:27 +0000

No downturn here! ---- No downturn for this Sunnyvale property either. Seller just made it "attractive price" by reducing it $50K.

By: Alex

Alex — Thu, 09 Jul 2009 06:51:27 +0000

I live in SF and it chaps my hide when people refer to it as “THE city.” LOL More like “the POS.”

Anyone has any ponzi scheme they want to run with me so I can get into one of these RBA homes?

By: anon

anon — Thu, 09 Jul 2009 06:22:26 +0000

Why, oh why, do they make realtors so stupid? I just don’t understand.