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Craziness
Posted:
Mon May 28, 2007 8:57 pmby Alan
A house in my neighborhood recently sold for $700k and immediately went up for rent. It is around 1200 square feet. I do not understand these business decisions. It looks like the buyer owns two other properties in King County.
The previous owner bought it in 2005 for just over $400k.
Posted:
Mon May 28, 2007 9:37 pmby EastSider
Wow, that's close to $600/sqft.
Where is this home located?
Posted:
Tue May 29, 2007 4:49 amby Jazen
If I had to hazzard a guess into the mind of a flipper, buy now when you can still get a wacko loan, rent during the slow-down, then next year when EVERYONE says it's supposed to pick up (sales pace), sell for a huge profit, should be worth 1.4 mil. Greed is predictable.
Posted:
Tue May 29, 2007 8:06 amby Alan
It is in south Bellevue.
Posted:
Tue May 29, 2007 9:16 amby Lake Hills Renter
Posted:
Wed May 30, 2007 11:03 pmby Alan
Posted:
Thu May 31, 2007 10:27 amby biliruben
Nice work, Alan.
What's the area?
I might take a gander at the Cedar Park area if I find some time.