RoFR back??

[tom1944]

I believe that is the 750 point contract I have been looking at…..

Even resale, that 100k do not a huge demand for that contract !

It is a 160 point contract

February use year

 

[Stank]

Nope wrong again,
1500 points June 23 use year
750 2024
750 2025

But thanks for playing

2250 points before 2025 (not 0 points until 2025) listed less than 2 weeks ago (not 5 weeks).

The lack of due diligence….

 

[Robbie Cottam]

Literally just had 3 BLT contracts in the past two weeks in mid-120s. Several months ago when BLT was $140, I was told any lower and they’d be bought up instantly. Now there are 24 listed sub-$140.

In 8 months BLT has dropped over $15 PP. I imagine 8 months from now it’ll drop another $25 for various reasons.

So yea, only other sub 140 contract I see is in fact stripped, the others and doing fine

 

[Robbie Cottam]

It is a 160 point contract

February use year

Not the one I’ll looking at,
I’m looking at a 750 point contract….
160 points does not help me

 

[tom1944]

Literally just had 3 BLT contracts in the past two weeks in mid-120s. Several months ago when BLT was $140, I was told any lower and they’d be bought up instantly. Now there are 24 listed sub-$140.

In 8 months BLT has dropped over $15 PP. I imagine 8 months from now it’ll drop another $25 for various reasons.

I agree that BLT prices are on a downward trend and if POLY2 is the same association I believe they drop further. But you are making it seem worse than it currently is.

 

[Robbie Cottam]

2250 points before 2025 (not 0 points until 2025) listed less than 2 weeks ago (not 5 weeks).

The lack of due diligence….

Here is your due diligence,
It appears to have gone up since I first saw it,
Or it is post somewhere else for less….

But again, thanks for playing, better luck next time

 

[Stank]

If I could buy a house at 410k, I would buy two….

No, it means the median home price in my area is well over 325 or 410k, and in fact all things are in FACT subjective.

Btw Rolling your eyes, and pointing it out, is a good way to prove I was right, and you really don’t have anything objective left to say….

Hahah, this is comical.

You CAN buy two homes at $410k each. Yet you aren’t.

I rolled my eyes because it’s cringe. And there are cheap homes in many neighborhoods, yet many don’t buy. Because it’s all about…location

 

[Ruttangel]

Not sure what game we are playing but this is not a stripped contract 150pts at $130pp
https://www.fidelityrealestate.com/...s-bay-lake-tower-at-the-contemporary/6056413/

 

[Sandisw]

Literally just had 3 BLT contracts in the past two weeks in mid-120s. Several months ago when BLT was $140, I was told any lower and they’d be bought up instantly. Now there are 24 listed sub-$140.

In 8 months BLT has dropped over $15 PP. I imagine 8 months from now it’ll drop another $25 for various reasons.

iIRC, the conversation was about it getting to $100..your thought….and others, myself included, that selling around the $120s they’d go fast…which would keep it falling to your prediction of $100

We are definitely seeing people getting it less than it was and most of us knew things were trending down in the market.

It was just that it would not be going to $100 anytime soon and so far, it’s not.

 

[Stank]

Here is your due diligence,
It appears to have gone up since I first saw it,
Or it is post somewhere else for less….

But again, thanks for playing, better luck next time

 

[Robbie Cottam]

Hahah, this is comical.

You CAN buy two homes at $410k each. Yet you aren’t.

I rolled my eyes because it’s cringe. And there are cheap homes in many neighborhoods, yet many don’t buy. Because it’s all about…location

Yes, the cheap sub 410k homes are not in my location!!!

In my location houses start in the upper 600, the nicest ones start with a 9,

Go 45 minutes north or south and they start in the 900s and average 1.2…..

Sure sure two house for 820, IF they could be had….. why not

 

[Stank]

iIRC, the conversation was about it getting to $100..your thought….and others, myself included, that selling around the $120s they’d go fast…which would keep it falling to your prediction of $100

We are definitely seeing people getting it less than it and most of knew things were trending down in the market.

It was just that it would not be going to $100 anytime soon and so far, it’s not.

We’re about halfway in price decline to $100 in 8 months. I predict $100 BLT within next 8.

 

[Robbie Cottam]

We’re about halfway in price decline to $100 in 8 months. I predict $100 BLT within next 8.

that would be awesome.
It would save me 25k,
And I wouldn’t care about the restrictions

 

[Stank]

Yes, the cheap sub 410k homes are not in my location!!!

In my location houses start in the upper 600, the nicest ones start with a 9,

Go 45 minutes north or south and they start in the 900s and average 1.2…..

Sure sure two house for 820, IF they could be had….. why not

Exactly. The $410k home isn’t in your location, so you’re not buying two. To hear a home price of $410k and say you’ll take two, then admitting you won’t because you can’t.

The point entirely. And still cringe.

 

[DonMacGregor]

There’s just a lot of price inertia. Real estate agents are just now realizing it’s not May 2022. I have a relative selling their house—agent listed it at $325k. Been on market for over a month; multiple price cuts and now $199k. Still nothing. Agents are delusional. They’re just now realizing 7-8% mortgages cannot possibly work on 2022 housing prices. DVC is competing with all of this.

I guess it depends on where you live:

1524 Cameron Way

Sold for $26K over listed price (and $75K over the Redfin estimate) in 3 days. 8/29 is the closing date after a 21-day escrow.

 

[Sandisw]

We’re about halfway in price decline to $100 in 8 months. I predict $100 BLT within next 8.

Just clarifying that no one ever said it wouldn’t sell for less than $140…and to take 16 months to get somewhere is different than it getting there soon…which was what we were discussing last winter.

I still predict that BLT will be averaging in the $120s…or higher..for several more years, especially with Poly tower coming on board in 2024 and VGF direct becoming sold out soon.

But, let’s get this thread back to ROFR and whether it’s coming back in force or not and away from housing market, etc.

ETA: Based on the data, here and the two big resale brokers, BLT is still. averaging in the $130 to $140s

 

[Stank]

I guess it depends on where you live:

1524 Cameron Way

Sold for $26K over listed price (and $75K over the Redfin estimate) in 3 days. 8/29 is the closing date after a 21-day escrow.

View attachment 791047

That doesn’t really say much of anything. Looks like an offer was made above ask and it closed. I don’t see where it relisted—looks like it waited for contingency to clear.

Regardless, it’s on par for the neighborhood and didn’t pay 2x market value, which was the entire point I made above. I don’t see how people a struggling to realize this.

 

[Robbie Cottam]

Exactly. The $410k home isn’t in your location, so you’re not buying two. To hear a home price of $410k and say you’ll take two, then admitting you won’t because you can’t.

The point entirely. And still cringe.

Like I said If I could buy a house for that I would buy two….

your using some type of circular logic that does doesn’t add up…..

My point was, and still is everything is SUBJECTIVE….
Including cringe….. to me your logical is cringe…..

But if you think BLT, is going to lose 30 to 40 percent of it value in the next 8 months….

That’s a bold prediction, Dare I say cringe worthy ?

But I hope you are right.
Only helps my position!

 

[DonMacGregor]

That doesn’t really say much of anything. Looks like an offer was made above ask and it closed. I don’t see where it relisted—looks like it waited for contingency to clear.

Regardless, it’s on par for the neighborhood and didn’t pay 2x market value, which was the entire point I made above. I don’t see how people a struggling to realize this.

It goes to your assertion that "Real estate agents are just now realizing it’s not May 2022" and "Agents are delusional. They’re just now realizing 7-8% mortgages cannot possibly work on 2022 housing prices. DVC is competing with all of this". That, and your single supporting example with some idiot broker failing to understand the local market and grossly over listing (by what appears to be over 60%). Home prices here are still going up, regardless of mortgage rates, and people are still offering over list.

Anyway, as Sandi said, this isn't a housing market thread. I'm out.

 

[Stank]

Like I said If I could buy a house for that I would buy two….

your using some type of circular logic that does doesn’t add up…..

My point was, and still is everything is SUBJECTIVE….
Including cringe….. to me your logical is cringe…..

But if you think BLT, is going to lose 30 to 40 percent of it value in the next 8 months….

That’s a bold prediction, Dare I say cringe worthy ?

But I hope you are right.
Only helps my position!

Going from $124 to $100 is losing less than 20%, not 30-40%, to get to $100 for BLT.

Saying something is “cheap” because it’s lower than what you paid for something completely different is…funny. Example: a Porsche sells for $100,000, argue you’d happily buy a car listed for $50,000 with no details. Well, hey, it’s cheaper. But the fair market value is $25,000. But you’re insisting on telling me $50k is less than the $100k you paid. I’m telling you the $50k is 2x book value, and there are similar cars available at $25k. But you insist on paying double to make a point.

It’s just….whatever. People with discerning minds can see for themselves.