tag:blogger.com,1999:blog-8903336.post2459142350914176900..comments2023-10-11T06:20:11.391-04:00Comments on Key West Chronicle - Key West Blog: Flippers in Key West Losing Their GuayaberasUnknownnoreply@blogger.comBlogger18125tag:blogger.com,1999:blog-8903336.post-51461352748304192262007-09-19T08:21:00.000-04:002007-09-19T08:21:00.000-04:00To the previous anonymous commenter - The problem ...To the previous anonymous commenter - <BR/>The problem with the flippers was a temporary one - once the market turned down (or even flat) they disappeared. But they did drive up prices, and made everything affordable unavailable.<BR/>I am glad you are happy with your purchase from a flipper. But without knowing how much you paid per square foot, I can't say if this flipper was part of the Cayo Davehttps://www.blogger.com/profile/15987361594608889802noreply@blogger.comtag:blogger.com,1999:blog-8903336.post-71699020455547138492007-09-19T00:02:00.000-04:002007-09-19T00:02:00.000-04:00Please explain what is wrong with someone who make...Please explain what is wrong with someone who makes an investment in a home that is in major disrepair and competently and expertly renovates the property using THEIR OWN MONEY. Then sells the property to a homebuyer who has the INTENTION of living there. <BR/><BR/>I bought a home in Old Town that had been renovated. It was not a cheapie cosmetic fix. I hear from the neighbors that it had Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-72594706028677213092007-09-14T11:02:00.000-04:002007-09-14T11:02:00.000-04:00Wrong! A flipper is someone who has no intention o...Wrong! A flipper is someone who has no intention of either living in the home or renting the home. This includes speculators and pre-construction get- rich- quick schemers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-65929924956741374152007-09-07T10:33:00.000-04:002007-09-07T10:33:00.000-04:00Good article, but some important info was left out...Good article, but some important info was left out. Some of the houses identified in the article were hurricane damages, ergo, their value was decreased by 'Mother Nature', These houses were covered by insurance, so actually, gthe 100k - 200k, the difference in the 'sales price of the house was offset by the insurance $$ the owners received. Speaking of flippers. There are those individuals Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-1169945137872238562007-08-20T20:55:00.000-04:002007-08-20T20:55:00.000-04:00but its different in key westbut its different in key westAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-40057448139326092542007-08-18T23:20:00.000-04:002007-08-18T23:20:00.000-04:00Flipper was really an aquatic mammal (thanks Wikip...Flipper was really an aquatic mammal (thanks Wikipedia.)<BR/>At least he was a friendly mammal.<BR/>House flippers have driven home prices out of reach for the average first time home buyer.<BR/>What does that make a house flipper?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-20980348172872409502007-08-17T16:21:00.000-04:002007-08-17T16:21:00.000-04:00Good article. I would like to get a house someday,...Good article. I would like to get a house someday, but with these RE flippers, I am locked out.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-28026373841962166992007-08-17T14:46:00.000-04:002007-08-17T14:46:00.000-04:00I thought flipper was a fish. How can fish affect...I thought flipper was a fish. How can fish affect the housing market?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-15626978762916536132007-08-17T12:40:00.000-04:002007-08-17T12:40:00.000-04:00You can even add substantially more to the price d...You can even add substantially more to the price decrease because those are prices at which the houses are offered, and generally still not selling!!! Final sale price will usually be a lot lower.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-58369476221383518632007-08-17T11:32:00.000-04:002007-08-17T11:32:00.000-04:00--Simple rules to purchasing the home you can affo...--Simple rules to purchasing the home you can afford to keep---<BR/>1- the house is more than 4 times your income? walk. <BR/>2- DO you need a piggy-back loan to qualify? walk.<BR/>3- Can't afford the mortgage at fully indexed rate? (ie after the rate re-set? walk.<BR/>4- The broker fudging numbers to make you qualify? walk.<BR/>5- The broker pushing an ARM on you? walk.<BR/>6- Only qualifying Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-21684695583903634272007-08-17T11:28:00.000-04:002007-08-17T11:28:00.000-04:00--Simple rules to purchasing the home you can affo...--Simple rules to purchasing the home you can afford to keep---<BR/>1- the house is more than 4 times your income? walk. <BR/>2- DO you need a piggy-back loan to qualify? walk.<BR/>3- Can't afford the mortgage at fully indexed rate? (ie after the rate re-set? walk.<BR/>4- The broker fudging numbers to make you qualify? walk.<BR/>5- The broker pushing an ARM on you? walk.<BR/>6- Only qualifying Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-40569695234759890272007-08-16T17:08:00.000-04:002007-08-16T17:08:00.000-04:00Just curious, but what kind of a place does $309,0...Just curious, but what kind of a place does $309,000 get a buyer on Whitehead Street?caddishttps://www.blogger.com/profile/09665582112424007001noreply@blogger.comtag:blogger.com,1999:blog-8903336.post-84757247515683392012007-08-16T14:23:00.000-04:002007-08-16T14:23:00.000-04:00there is an old saying on Wall Street."You know th...there is an old saying on Wall Street.<BR/>"You know the difference between a short-term investment and a long-term investment? A long-term investment is a short-term investment that didn't work out."<BR/>Down markets have a way of flushing out the short-term investors - in real estate called a "flipper" - and this is what we are seeing now.<BR/>If these were long-term investors - how could theyCayo Davehttps://www.blogger.com/profile/15987361594608889802noreply@blogger.comtag:blogger.com,1999:blog-8903336.post-49452845946007346272007-08-16T14:04:00.000-04:002007-08-16T14:04:00.000-04:00One correction: We don't know if these buyers pur...One correction: We don't know if these buyers purchased these properties with the intention of flipping them, or if they bought them as a long-term investment but increases in insurance costs and property taxes have made it impossible for them to hang on any longer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-77009685355266975352007-08-16T09:50:00.000-04:002007-08-16T09:50:00.000-04:00Hi Rock! Hi Sally!Maybe next time I'll look at sal...Hi Rock! <BR/>Hi Sally!<BR/>Maybe next time I'll look at sales that have occurred and compare that to previous purchase price. Good idea Sally.<BR/>The Citizen still puts the Good Deeds in the paper - but it is pretty skinny.<BR/>One thing I did notice (that Rock posted about) - properties are being relisted as a New Listing even though they have been on the market for many months. This has the Cayo Davehttps://www.blogger.com/profile/15987361594608889802noreply@blogger.comtag:blogger.com,1999:blog-8903336.post-81668798609144184542007-08-16T09:32:00.000-04:002007-08-16T09:32:00.000-04:00Excellent chart, Dave. I would expect sale prices ...Excellent chart, Dave. I would expect sale prices to be 10% less than that. Perhaps you can get the actual solds data from your supplier?<BR/><BR/>I've been occasionally posting a pdf file with recent sales data but it has not included the previous sale price. Didn't occur to me, but that is the most telling figure.<BR/><BR/>Is the KWC still advertising last sale price like they used to in the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8903336.post-334172880316902512007-08-15T18:22:00.000-04:002007-08-15T18:22:00.000-04:00That's the way to mine data, Dave!I'm reposting to...That's the way to mine data, Dave!<BR/><BR/>I'm reposting to Motley Fool.<BR/><BR/>I will email you with questions about the data.<BR/><BR/><BR/>RockRock Truebloodhttps://www.blogger.com/profile/12530856593253068223noreply@blogger.comtag:blogger.com,1999:blog-8903336.post-2789309256027019702007-08-15T13:10:00.000-04:002007-08-15T13:10:00.000-04:00funny we never see this kind of honesty in the "ne...funny we never see this kind of honesty in the "newspaper" thanks for keeping me informed on what is really going on in kw!!!Anonymousnoreply@blogger.com