Greenlake flipper goes flop, or just a FB who overpaid?

[deejayoh]

[GetMeTheHellOutOfCA]

Based on my experience in Seattle, Seattle is a story of 2 housing markets (perhaps more). The good homes that are well priced move quickly. The overpriced, ugly, fixers sit.....until price is reduced to be in line with market. I can look at a home listing as it comes on the market and with pretty good accuracy, forecasy how long it will sit on the market. Bottom line, people are not overpaying anymore and don't buy the buy now or be priced out BS. THe home you posted looks like an overpriced POS. Compare it to homes in Greenlake that are STI and you will see $745k gets you the cute, in great shape home ready to move into. Why pay $699k for the POS in your link even if it does have a tiny lake view if you stand on a kitchen stool, peer out the attic window while praying the neighbors don't add a second story?.

[carlislematthew]

[mike2]