Buying the Views: 450 E. Waterside Drive in Lakeshore East
340 On the Park isn’t the only building with lake views in Lakeshore East. The Chandler, at 450 E. Waterside Drive, also has stunning city and lake views from the north facing units.
Unit #2902, a 3-bedroom unit, is back on the market after closing last February. According to the listing, it is a “very motivated seller.”
It also has higher ceilings than most other units in the building- at around 11 feet and views, both north and east, of the river and the lake.
Do the views sell this unit?
Alison Kahn at Baird and Warner has the listing. You can see more pictures and a guided tour here.
Unit #2902: 3 bedrooms, 2.5 baths, 2131 square feet
- Sold in February 2008 for $1,141,551
- Currently listed for $1.3 million (plus $50k each for 2 parking spaces)
- Assessments of $897 a month
- Taxes are “new”
- OR- you can rent it for $6500 a month
Doesn’t the developer own the rights to land right in front of the lake? I’m sure he won’t build now but at some point (10 years whatever) he will.
Two parking spots for $50K is not a bad deal at all. I’m curious if they would sell them separately.
You’d have a great view of the Chicago Spire from that place, oh wait…
@Jason R, that’s $50k EACH for the parking, or $100k for the two spots. Still a deal?
The seller is obv. entitled to $150K for buying this place 10 months ago.
not motivated enough apparently. I hope the bank will be more motivated.
It is beautiful.
But seriously, this is worth more today than it was 10 months ago?
I don’t think so. And they probably got it with the parking which makes the ask really $1.4MM, or a gain of $250k (~20%) in 10 months.
Get it under $1MM with parking and it might move.
(and Jason R., I read that as $100k for the two spots).
I dunno kp, think of how many flippers have made so much money this year. LOL! This flipper is toast. Do not pass go, do not collect 10% appreciation on a highly leveraged asset, do not collect 200k for doing nothing.
I don’t think it is beautiful at all! The views are nice but that’s it. Standard blah kitchen, blah bedrooms, where is the beauty????????????
The views are million dollar views but the unit reminds me of a 500k condo.
Meanwhile in the real world: HUD chief call mortgage mod program a failure. From wapo article:
“The three-year program was supposed to help 400,000 borrowers avoid foreclosure. But it has attracted only 312 applications since its October launch”
312.
I still don’t get who these people are that bought ten months ago, when the future was pretty clear that things weren’t going to up anytime soon. I bought a place in July but I bought to live for awhile, and not really interested in making a profit regardless (I would’ve waited a little longer in hindsight, but thats a different story). What made these people think they could still make a profit? I wanna punch something just reading the listing.
The developer does still own the land which will block these views, and has every intention of doing so as soon as they can manage to sell enough units. Given the current state of events I would be surprised if that occurred in the next 15 years, but it will eventually happen.
It’s a nice location for sure, but it’s overpriced. It’s going to be hard to maintain that park at it’s current level, and I highly doubt that the elementary school that was promised in the development is coming any time soon.
#2702 closed in september for $1,237,000. The seller of #2902 probably bought preconstruction 3 or 4 years ago. I think this unit was rented by a White Sox player until the season ended. They are also offering the unit for rent again. The direct east views (not shown in the photo) will eventually be blocked but the North views of the city, river, lake and Navy Pier are forever unless they tear down Wacker Dr. The night views down the river are awesome. The neighborhood has formed an association that is helping with the park maintenance and they also installed the faux grass in the dog park this summer.
Keep in mind this is an asking price. Seller’s know that no matter how well they price a unit in this market that the buyer is going to give a low offer. Even if it was priced at $900,000 someone obnoxious uninformed buyer would offer $650,000 and be shocked when the seller doesn’t respond. Besides, the condos in this building are still selling besides the fact that we are in a recession. Many people still understand the value of a forever view.
600 a sq ft… no comment
340 on the park is selling at 750 a s.f. and are selling in record market time. Please……go ahead and give your educated comment.
Woah man I love it when representatives of the properties listed here get on and comment. It so obviously WREAKS of bullshit.
Hi Nicole!
Between 340 on the park and the chandler 4 units closed and 3 units went under contract in the last three days. These units sell because of the views and the numbers prove it. There are 18 listings right now in each building compared to Parkview where there are 28 listings and only 262 units. Views are the difference. By the way I am not the listing agent!!!!! Just an informed consumer.
Nicole is right. By far the most successful new construction in this city has been 340 OTP and places like this which are near north with “forever views.” They have certainly defied my own predictions so far.
From Tipster
“The developer does still own the land which will block these views”
This unit has primarily a north facing view, so unless the developer owns Wacker drive and the river, there will be nothing blocking it, ever. The developer owns the property to the east, however this will only block a tiny bit of the view. The buildings in lakeshore east (340 OTP, Chandler, Regatta) are designed with eased edges to lessen the obstruction of views of the units in neighboring buildings.
Do the “forever” views really matter? Because The Heritage also has “forever” east views of the lake that cannot be obstructed (the building in front of it is a protected historic property.)
And prices are NOT holding in that building. It’s about 5 years old now and sellers are selling, in some cases, below pre-construction prices.
Similar great views.
340 On the Park is “new” so maybe that’s why people are flocking to it. But The Heritage is the much better “deal”.
Also- this is just my personal opinion- but 340 OTP will age quicker because every single unit is the same (same finishes were done in each unit.) There is no individuality in the building.
Nicole,
I wasn’t aware that offers in an of themselves can have characteristics associated with them of “obnoxious and uninformed”.
The offers themselves really can’t. Maybe your sellers need to disentangle their emotions from economics. In fact their inability to do this with real estate is probably why many are facing financial ruin.
In my opinion an ask list 23% higher from where they bought it while the Case Shiller index shows prices have fallen 3.5% since this is an unformed decision. In fact they probably bought at pre-construction prices in 2006. That I would consider an uninformed financial decision as well.
Being honest Nicole: this seller is a greedy specuvestor and got caught in the downturn with their hand in the cookie jar. I bet they take a loss on this one.
Hi Bob,
I do not know the seller but an offer of $1,100,000 with parking would be a great opening offer. Maybe a target of a $1,200,000 would be reasonable. The Case Shiller index does not measure prime market areas and include specific details like “forever views.” Best of luck to you! The point is that with the number of sales and recent closing prices that sellers do not take ridiculous offers serious. Buyers looking for a steal need to look in a less desirable location overlooking a dumpster. These seller’s are aware there is and always be another buyer around the corner. Therefore do not waste anyone’s time with an unrealistic price.
Bob,
When a seller agrees to sell one of these condos to you at a 3.5% discount from their purchase price please let me know. At that time I will no longer see you as “obnoxious and uninformed.”
Well they won’t be selling it to me. I’ll never be in the market for $1MM condos, at least not anytime soon.
But we will see sales at prices 3.5% and lower from their initial purchase price. 2009 is going to be a tough year for those specvestors who can’t afford the carry costs.
The heritage has it’s own difficulty’s. Walking out of the lobby and facing pan handler’s is not a selling point. The views is the only thing (if that) carrying the building. Watch the numbers, that will tell you the future. The 07 at 340 E. Randolph sold for $690 in the spring and is now selling for $715. If you want to argue please give me solid numbers.
Also, those who could afford to close on a million + dollar condo are not likely to be in financial distress (can happen but rare). So do not worry! They are not targeting you as a potential buyer!!!!
I would hope they’re not targeting me as a potential buyer. Unfortunately for them their target market likely isn’t nearly as big as they think now that credit standards are back. They aren’t going to get an 18% return (over 30% annualized) for essentially doing nothing.
And regardless of petty name calling, I’d rather be called names than be the seller of this unit. I’d bet they’re levered to the hilt and about to take a big hit. Just keep partying like its 2006 and RE appreciation is a ‘sure thing’.
I don’t have foreclosure data on foreclosures by price range, however I suspect they occur in $1MM+ properties as much as others. Theres nothing special or elite (or ‘obnoxious’) about a person who brings 60k to a 1.15MM closing, hoping to parlay that 60k into 260k within five years time by gambling on RE appreciation.
But keep calling names and waiting for Godot (the real estate turnaround). Maybe, just maybe, it will have some sort of affect and turn it around. Though probably not.
No name calling Bob! Just wasting time and words! Show me specific numbers and then we can have an adult conversation! So far you have no data or numbers (specific to the views or area) to show your knowledge is either valuable or relevant. Best of luck!
Nicole… to clarify tings a bit. My comment had more to do with the fact that I would not pay anything a sq ft to live south of the Mich Ave bridge. Period!!! And the Lakeshore East area. Let me count the times in Chicago when I said I needed to pick something up, get something to eat, go near Lakeshore East. hmmm… that would be 0. I do like the access to the bike path though but in Chicagos lovely 9 months of winter I would rather freakin die than live here. Now I must go play Bob the Constructor again today. All the best. Ciao!!
Guess the only months you consider to be “non winter” in Chicago are June, July and August? Personally, I find sub tropical humid climates to be the definition of misery. We leave Chicago for New England in the summer to escape the heat when we can. I love the change of seasons, the colors in fall and the spells in spring. And I love to bundle up in the winter and enjoy sitting by a cozy fire while its snowing outside my window. For spring break we always take the kids to the mountains for skiing instead of some beach. I always dreamed of living close enough to ski the good days all season. To each his own.
Ze: “I do like the access to the bike path though but in Chicagos lovely 9 months of winter I would rather freakin die than live (t)here.”
Heritage is a good deal compared to these
I don’t think there’s any argument to be made: this flipper is toast.
Nicole said: “Also, those who could afford to close on a million + dollar condo are not likely to be in financial distress (can happen but rare).”
Rare?
How many lis pendens/foreclosures over a million dollars have we chattered about on this site in the last 4 weeks?
It’s NOT rare (stay tuned for another one later today.)
And the number is picking up in the upper bracket now as the new construction developers can’t sell and are finally throwing in the towel and those living way above their means are also throwing in the towel. Then there is the outright fraud- which we have seen several times, again, in just the last few weeks on this site.
Nicole, have you been in a coma since 2005? Let me clue you in on something: the real estate market has crashed. No longer is the seller entitled to double digit annual appreciation. Do you really think there is “always another buyer around the corner” for a million dollar condo? Many developers and flippers would like to disagree with you on this. Also, why do you go on and on about these “forever views” when numerous posters have stated the adjacent land is owned by the builder? This means those views will only last until the next real estate boom, when a taller building is built on that land. You are crazy if you think this unit is worth more now than it was in February of this year. Would you pay more for someone’s year old Mercedes than you would for a brand new one?
Juliana where the hell do you live? You described Vail, not Chicago.
Snowy nights, changing of the leaves???? Never thought of Chicago as a snow city or an Adirondack destination for foliage. Oh and June is 50/50.
And Nicole is in La La Land… I remember trying to sell my home and having someone explain to me the true financial condition of about 95% of my neighbors. She has no idea how stretched some of these people live or what their burn rates are.
As you can see on site plan from the lakeshore east website the North and North East views are protected which are the primary views from this building. There is property directly to the east that can be developed.
http://www.lakeshoreeast.com/site-plan-map.html
The change of seasons is beautiful here in the Midwest with all our deciduous trees. My subdivision in Naperville is old enough to have a canopy of maples, oaks, ashes, birches, etc. over the streets and most people have chosen landscaping carefully to accentuate the seasonal changes. It may not be Currier & Ives, but I can appreciate it. This afternoon another big snowstorm is headed for our area and we are already a winter wonderland from the one we had two days ago. Not so cool if you have to commute, but those of us who don’t have to can just enjoy the serene beauty of snow covered landscapes. Very cozy if you are into that sort of thing.
As far as the skiing goes, I do own some acreage in Summit county, Colorado on which I had hoped to build my dream home at some point. Best laid plans… Now I just pay the property taxes on a depreciating asset, but they aren’t too high and I bought it 20 years ago, for cash, so it could be worse. Wish I had sold it a year ago though.
Ze: “Juliana where the hell do you live? You described Vail, not Chicago.
Snowy nights, changing of the leaves???? Never thought of Chicago as a snow city or an Adirondack destination for foliage. Oh and June is 50/50.”
ahh to be a housewife or telecommute and not have to go to work. I could probably handle the winter much better if I stayed at home with the kiddies all day. but alas, i have to earn money for the bills which involves the CTA daily. Small price to pay to live in the city and not the ‘burbs, though.
@ Juliana
/VOMIT
Naperville blows. I grew up there. And Naperville is NOT Chicago.
Guys:
Leave it alone. If you want to pick on Juliana’s “i’m rich” schtick, go ahead, but ‘burbs v. city is tired and pointless; obviously she prefers Naper and nothing you can say will change her view–nor should any of us care.
Sigh…w/e. Like I said,to each his own. Tell me that when you are raising kids. I think Naperville might be an okay-ish place to hide out during the coming economic crapstorm. Not so sure about Chicago, fiscally. Things could get pretty bleak there. I lived in Chicago for 12 years, owned/lived in a 3 flat in Wrigleyville back when rents paid for our mortgage. Moving to Naperville felt like a real step up. But, like I said, to each his own.
Sonies: Naperville blows. I grew up there. And Naperville is NOT Chicago.
lol, rich? Its all relative, I guess, but I consider myself solidly middle class. My family may have less to worry about than some of my neighbors because we have always lived below our means, and we were able to absorb the shocks which have come our way over the last year, but we are not rich. I certainly am in no position to not have to worry about the economic downturn and am scrambling to keep assets as safe as possible, since early retirement may happen before we planned.
anon (tfo):”If you want to pick on Juliana’s “i’m rich” schtick, go ahead,”
anon(tfo)–I think you are confusing Juliana with that despicable poster from, I think it was, Willmette? Or something like that. The one who lived next to all the CEOs and preferred the private northside beaches so that her children would not have to be exposed to poor people. She hasn’t been around in a while. Thank god.
kw,
I think that poster you are referring to was probably just a troll looking to stir up emotions. Remember trolls thrive on drama.
Chances are they didn’t even live there and weren’t who they represented they were. Although they probably aspire to be who they purport to be.
You are right, Bob. And I’m pretty sure I didn’t respond to her. I don’t take anyone’s word for what they do for a living, experience they have, nothing. As they say, everyone’s a millionaire on the internets. I try to go solely by the logic of their arguments and the evidence they cite.
Trolling is a weird pasttime, isn’t it? Anyone remember ol’ Deaconblue? Nah, scratch that–it will probably bring him/her/it back.
kw:
“We leave Chicago for New England in the summer to escape the heat when we can.” & “…we always take the kids to the mountains for skiing” & “Not so cool if you have to commute, but those of us who don’t have to” & “I do own some acreage in Summit county, Colorado”?
Yeah, she’s not the name-dropper, but the above does **not** describe “middle class” either, except from the common American perspective that “*WE* are middle class–only those other people are rich” despite any evidence to the contrary.
I don’t think of myself as middle class, but we couldn’t afford acreage in Summit County, even at 1988 prices, in cash, as a spec holding.
mmmmm… good point. But so far she hasn’t been nasty, at least. And anyone who can speak with that much affection for the midwest–even, or perhaps especially, Naperville–is okay in my book. 🙂
Okay, so I need to defend myself? My mother-in-law lives in New Hampshire and owned a lake house there that we have been lucky enough to visit every summer until this last one, when we had to clean it out since we finally sold it. My extended family loves skiing too, so we rent out a big condo every year in Summit County for spring break. Pretty cost effective when you split the rent on a VRBO place, buy weekly lift tickets, etc. This is our biggest splurge. Never took the kids to Disneyland, cruise, or anywhere else, much to their dismay. But when we had kids we decided that skiing was the one thing we wouldn’t give up. Before we had kids, when we were both working professionals, we saved up and bought the aforementioned Wrigleyville 3-Flat and the land in Colorado. We were able to roll the gain on the 3-flat into our place in Naperville. Too bad we sold before the bubble, but you can’t win it all. For many years before we did that, we banked our extra dollars, lived frugally (except for the annual ski trip!), rode CTA, found cheap ways to afford entertainment, etc. We never “lived large”, although we could have. We are rewarded now for our frugality in that we have a cushion, but nowhere near enough to be worry-free.
anon (tfo):Yeah, she’s not the name-dropper, but the above does **not** describe “middle class” either, except from the common American perspective that “*WE* are middle class–only those other people are rich” despite any evidence to the contrary.
juliana:
you don’t need to defend yourself, I just disagree with your use of “middle class”. Yeah, I know, everyone defines themselves as middle class except (some) billionaires; doesn’t make it right to abuse the term. I don’t doubt you feel middle class; I don’t think you are, based on what you’ve posted here. Nothing wrong with not being middle class.
Juliana I think you hit the nail on the head why I detest the overly class-conscious envy many have and seem to hold those in wealth in contempt.
Truth be told many people make a lot of sacrifices along the way to build wealth. No Caddy Escalade and spinning rims or any of the other consumerist nonsense that is blasted over every conceivable medium.
If I ever do build sizeable wealth I would hold the normal middle class envys in deep contempt myself. They are the ones incapable of building wealth (because they are incapable of saving) yet instead of taking actions with their life to do so they instead have a litany of excuses and rationales why other people’s wealth should be theirs.
Also having relatives work and live very closely with money I know how to spot it when I see it. Nicole obviously isn’t from money and likely doesn’t have it now: it is glaringly obvious from the way she attaches a certain mystique to “that segment” and speaks in untrue superlatives “rare to have financial distress”. Do those with money “rarely” get divorced or need to change job locations or is that for the lesser mortals? Also its about equity not debt, and assets not income. Having an 800k+ mortgage isn’t wealth.
🙂
But keep livin’ the dream Nicole if giving guided tours of this unit makes you feel wealthy more power to ya.
The truly wealthy people I know just get themselves in trouble….call girls, alcohol, a little blow here and there, stupid investments….Madoff just fleeced $50 billion from the truly wealthy. …
“If I ever do build sizeable wealth I would hold the normal middle class envys in deep contempt myself. They are the ones incapable of building wealth”
Right, but she self-identifies as middle class. And seems bent out of shape being called rich (wealthy is probably better, but, as implied by your post, Bob, middle class ain’t right either).
I shudder to think of what the future holds if I have to defend myself as being middle class. Will I become the target of “wealth haters” who resent anybody who is not a wage slave? Is the American Dream dead? I wasn’t born into money, and am the first generation in my family to go to college. Have you stopped to consider that the middle class is shrinking as more people are forced into the lower tier as a result of the economic turmoil? I have had to suffer watching helplessly as the credit bubble inflated to unsustainable levels, refusing to buy into it. And now that its bursting am I supposed to feel guilty because I’m not exposed as much as others? I’m sorry for my children. I wanted so much more for them than it appears they will have. If I were wealthy I wouldn’t have those worries.
anon (tfo):”you don’t need to defend yourself, I just disagree with your use of “middle class”. Yeah, I know, everyone defines themselves as middle class except (some) billionaires; doesn’t make it right to abuse the term. I don’t doubt you feel middle class; I don’t think you are, based on what you’ve posted here. Nothing wrong with not being middle class.”
Its understandable. Most people with wealth that didn’t come from it identify as middle class. Thats because its a lot easier to identify with their background and with other people than self-identifying as wealthy. Also most people do have class envy it would be much harder to make friends or talk to people if you have money and self-identify as wealthy. Also others define their social strata by what they consume, not what they have, so that could be a factor too.
“Will I become the target of “wealth haters””
You won’t have to worry Juliana–you’re middle class!!
“Also others define their social strata by what they consume, not what they have, so that could be a factor too.”
Construe your point (which I agree with, btw) narrowly enough and Warren Buffett is middle class. Did you know he lives in a house he paid $31,500 for in 1964 (or something)?
hahahaha.
Juliana–I do think you are taking the objection the wrong way. Just because you worked and were frugal and savvy in acquiring your wealth, doesn’t mean you are not wealthy. I’m in the same boat: did not come from money (in fact send money in the other direction every month), live below my means, etc.–but I’m unambiguously wealthy now. (Even seen the house Buffet lives in? Not saying you are Buffet, obvs.–but that living below your means doesn’t make you “middle class.”) If you can afford to not work, if you afford a week in Vail, if you can fly to NH for a week with family every summer, etc., you may not be Ms. Gottrocks… but you aren’t middle class, either. Don’t forget, the median HOUSEHOLD income for a family of four in Chicago is, what, around $50,000? If that?
Like I said, don’t take it the wrong way. Anon (tfo) is not someone who, as far as I can tell, hates rich people. I suspect, like me, that s/he likes rich people like you far better than the ones who got there easy. But the point is valid: in America, it seems like only those in the top and bottom five percent are willing to define themselves as rich and poor, respectively. Everyone else semms to think they are middle class.
So seriously, sorry this has taken this turn–keep up the good work! You genuinely sound like you will be a wonderful example to your kids. Just make sure they don’t grow up without realizing how well off they are. I’ve dated a few of those–not good. 😉
doh–you and I used the same example, anon. (note to self: hit refresh)
But, but, “Nicole researched this.”
Again KW there is vested class envy that you contain too that you don’t even know about more than likely. Why are those that made their own way somehow better people than those who inherited it?
Its making a generalized assumption about those that inherited vs. earned their own that may or may not be true depending on the person. There are probably some who were born into money who are far more pleasant to be around than those who earned their own way.
I leave the Hortaio Alger stories to the storybooks: the level of someone else’s wealth and how they acquired it has no bearing on me or my judgement of the person and often does not have any correlation to what kind of person they are. I suppose it would if they acquired it via illicit means.
I had a realtor recently tell me “you don’t understand markets”
I bet that person was Nicole.
And when I say I wanted so much more for my children, I’m not speaking of a big inheritance. I hope they will have an inheritance, but who knows, there may be very little left for them. I have so little faith in the direction our country is going, I can only hope that what we have lasts for my lifetime. What I’m sorry for is how different I believe their world will be from what they have grown up in. I watch my daughter work so hard to get good grades and help others and I think of how limited her choices may be when she gets out of school. And since my son has always relied on his brains without having to work very hard, I’m even more afraid for him. Lucky for him, he is pretty low maintenance. He would probably be content to live in a basement playing video games for the rest of his days.
Bob, you might be right. My “class envy” might explain my belief that inherited wealth is corrupting, and that we should have a massive inheritance tax. The wealthier your parents, on average the far better and more enriched your environment growing up, probably the better your education, the more likely you are to have parents who, while they are alive, can help you with down payments, etc, and the far better the education you receive. All of that is advantage enough. OK, back to actually earning my keep.
Nicole: “The 07 at 340 E. Randolph sold for $690 in the spring and is now selling for $715.”
Then why has #407 been available since 7/11/08 for $699,000? Or, #1007 since 11/11/08 for $720,000?
Nicole, “So far you have no data or numbers (specific to the views or area) to show your knowledge is either valuable or relevant. Best of luck!”
“Or, #1007 since 11/11/08 for $720,000?”
C’mon G, you know they just won’t sell for the “market” price of $715k, even tho there have been several offers at that price.
Wait … what?
Those aren’t low floor exceptions, either. The 07 units are SW corner units on floors 2-14. They have good south views, but they also have west windows facing the BCBS bldg.
“only those in the top and bottom five percent are willing to define themselves as rich and poor”
It’s a lot smaller than top 5% who will call themselves rich rather than middle class. Not that taxable income is the best proxy for “rich”, but the minimum income for “top 5%” income (nationally) in 2005 (latest year I could easily find) was $126,300 (for an individual–$252,600 for a family of four). Few of those just above that threashold call themselves rich or wealthy, unless they live in very low cost areas or earn ALL that income passively.
“Anon (tfo) is not someone who, as far as I can tell, hates rich people.”
Like I said, I don’t think of myself as middle class. It ain’t because I think I’m poor. I guess I could be self-loathing, but wasn’t last I checked. I don’t have anything like the kind of money John has, tho [haha].
KW,
I am against society making value judgements via the tax code so would be against massive inheritance taxes. Generally though what you will find is that it is toughest to build wealth from non-wealth. Maintaining wealth isn’t easy either: it takes the right mindset and the right environment. Losing wealth is easy, anybody can do that. So what you find is after a generation or two the wealth generally depletes and the lineage is middle class again.
Social engineering via massive government programs and policy I believe is why we’re in so much trouble to begin with. Its not the wealthy that are a drain on society and societies resources: its the poor. The poor get far too much sympathy in our society for the problems they create. Welfare is one of the biggest enablers of inter-generational poverty, violent crime and our burgeoning prison population.
Inheritance taxes are a joke. All they really do is guarantee employment for estate planners. Do you really think the wealthy would permit 60-70% of their money to go to the government? Of course there will be plenty of loopholes.
Juliana I am not saying Chicago is not a wonderful city and parts of the burbs arent American to the extreme (which is why it is used over and over again in movies) I was just saying if I am CITY LIVIN it I do not want to be anywhere that is more than a quick walk from the things I like when it is winter time. You are talkin burb..I am talkin city.
Oh and on the internets me be poor 🙂
“Oh and on the internets me be poor”
Because, as we all know, it’s the poor who move overseas and spend time surfing the intertubes.
These flippers are incredible. The market has been horrible for 1-2 years now… The market is getting worse by the day… You can’t even sell a place that’s priced well.
And yet these people think they can get $150K MORE than what they closed on 8 months ago???
“Very Motivated Seller?” Try $650K MAX if you expect to sell it in this market. And do something about the “$50K/space parking problem” while you’re at it.