This appears to be the work of a disgruntled tenant (or former owner seeking revenge), because it looks like the water was turned to full volume upstairs, and flooded through three levels. Hat tip to daytrip!
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Real Estate Investing
La Jolla Project
This had been on the MLS for less than 24 hours when I went by around lunchtime today, and people were already all over it. Compared to the rest of the recent offerings around La Jolla, it looks like a deal:
Big Investors Dumping Yet?
A report on whether the big investor groups are doing the dump-and-run:
Flippers Causing Bubble?
Hat tip to SD Squatter for sending in this article from the wsj.com: LADERA RANCH, Calif.—Rising home prices have fueled the return of a practice that some blamed for inflating the bubble: house flipping. In California, the number of homes sold in recent months that...
Demand, Illusion or Real?
Comments from two readers: 1. Can you please cover one more buyer anxiety – this one’s personal for me? I think that, after the artificial supply suppression and/or institutional investors are gone, the prices will drop. However, I’m not sure how far. So, my fear is...
Real Estate Crowdfunding
I don't endorse this company but I like the idea: Realty Mogul, a site where accredited investors can can pool their money to back real estate deals, is going live today. Co-founder and Jilliene Helman argued that in the current financial landscape, real estate is...
More Highlands
This is right down the street from the flipper who made $850,000 gross profit when he sold his duplex for $1,825,000 cash, so others nearby figure that it means something, and are hoping to get in on the action. This doesn't really pencil as an investment property,...
“My Wife Wants Them”
Shiller is asked in the video how many houses he owns (two) and why - his answer - "My wife wants them". (at the 7:50-min mark) Robert Shiller, the Yale economist who nailed the housing bubble before it burst, was on Bloomberg Television with Trish Regan and Adam...
Cash-Flow Rentals
Six offers already submitted on this short-sale duplex in La Costa, with one a cash offer well over list price:
Crowdfunding for Real Estate
From the pyramids to the Empire State Building, the world’s largest structures have typically been financed by the superrich. New York-based Prodigy Network, best known for marketing the Trump SoHo hotel condominium, is now trying a different model: It’s bringing...
