Jim TV Rawhide

Loading...

Sign in or sign up now!
Alert icon
Upgrade to the latest Flash Player for improved playback performance. Upgrade now or more info.
1,467
Loading...
Alert icon
Sign in or sign up now!
Alert icon

Uploaded by on May 3, 2009

This will be a good test case of the north Oceanside market - if a few more like this sell, could you say prices are going up? Sold new in 2002 for $360,500, and the last sale of this model was $390,000 on April 8, 2009.

Category:

People & Blogs

Tags:

License:

Standard YouTube License

  • likes, 0 dislikes

Link to this comment:

Share to:
see all

All Comments (4)

Sign In or Sign Up now to post a comment!
  • @diqster: I think they don't try too hard to sell them because they are carrying them on their books as if they're worth the full loan amount. If they actually sell them, they have to immediately mark their book the to market. That would ruin their balance sheet and push them into FDIC receivership. That's my speculation.

  • Why would the banks price high and try to hold out for more? It doesn't make sense from a cash flow perspective both for maintenance and their own capital reserves. Aggressive municipalities have started to fine banks that let their foreclosed properties fall into disrepair. That's not the case here, but it is in other place. I think the best move is to price 'em low and move 'em.

Loading...
Alert icon
0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more