I don’t know a thing about this house, but whoever listed it, listed the location as “Truxton Circle” and because of that, it’s gettin’ featured on the blog. This bank owned foreclosure @ 119 Bates St is (when you throw in a 100 dollars) $300K. It’s been on the market almost 90 days. And I’ve got an oriental runner bigger than that front yard. But hey, it’s a yard with a southern view.
There are several bank owned houses in the hood, but they don’t seem to be moving quickly. Someone mentioned one reason why, people won’t leave. Well in one instance. I don’t know how widespread it is. I’ve also heard that banks are slow as molasses at moving on offers and are still too focused on how much was owed for the property as opposed to the amount someone is willing to spend to take said property off the bank’s hands.
But the bank is no different than other investors or people who are trying to sell remembering too fondly the prices of yesteryear. But the market has changed. There are too many great looking deals out there. If I weren’t broke….. Yeah, I daydream about selling the crumbly pile of bricks and buying another (but larger with a bigger yard) crumbly pile o’ bricks fixer upper. But not now. I’ll wait for the next downward cycle.
Day: May 19, 2008
This sunday
I ran into Timor Sunday after getting a few things at the Bloomingdale Farmer’s market because the line for the bacon was too long. Oh, and there weren’t any eggs at the market. Too long, as in it was raining, and the line at the salad/ pork products tent was a little past the canopy. So it was just easier to walk over to Timor. While I was there I noticed Kim has some cleaning and other products from Seventh Generation.
Anyway, the market was good to have back. I don’t know what’s going on with the seasons but the only fruit in abundance I saw were apples. I’ve noticed the same problem at the Penn Quarter market. The 7th Street Garden had one little pint of strawberries that got bought up while I was wandering around. I thought May was strawberry season. Well I’ll wait for the cherries and berries that make the markets a joy.