Volk You, Buddy! UPDATE

Well, it’s technically not an update because nothing has changed since last year, but I just wanted to draw to your attention that this rube still refuses to reduce the price--despite almost 400 days on the market.

Great plan there, Sparky!

Check out these shenanigans:

Apr 11, 2009 - Relisted
Mar 26, 2009 - Off Redfin
Dec 04, 2008 - Listed $649,000
Dec 04, 2008 - Off Redfin
Sep 06, 2008 - Listed
Sep 02, 2008 - Off Redfin
May 09, 2008 - Price Changed
Feb 24, 2008 - Listed

The unwavering delusion of Long Beach sellers is astounding.

What do you want to bet that each of those "Off Redfin" entries represents a listing agent getting fired? "Reduce the price?! How dare you! I'm not going to give the thing away! If you're not going to help me find a buyer to overpay for my 'investment' then I'll find someone who will!"

The saddest thing about this listing is that after a full year on the market, we have yet to see a photo of any of the three bathrooms. You know what that means: They are unmitigated disasters. Probably pink tile and everything.

I mean, keep in mind that horrendous, incredibly outdated kitchen gets two listing photos!



How bad must the bathrooms be to consciously (and conspicuously) leave them out?

Obviously this seller is sticking to his idiotic guns and is waiting for as long as it takes to sell for what he believes this house is worth. We'll see you in 2040, pal!

And as he waits for that knife catcher with a heart of gold to arrive on his magical unicorn, the market will get further and further away from him. And then a foreclosure will pop up, and then another, and another.

And then, as the countless Option ARMs in Rancho (how else do think LB buyers could afford to pay $600,000+ for these average homes at the peak?) explode, the cascade of falling prices will become overwhelming. We will no longer be talking about losses in the tens of thousands...18 months from now the losses will be in the hundreds of thousands.

Somebody needs to be a friend and tell him what he so obviously doesn't want to hear: $650,000 will NEVER happen. Get serious now, or regret it forever.