Morse to buy out Historic District?

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Old 06-27-2014, 05:18 AM
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Wouldn't a evil developer 1st run down the prices of the homes.
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Old 06-27-2014, 05:21 AM
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Wouldn't a evil developer 1st run down the prices of the homes.




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Old 06-27-2014, 02:25 PM
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Some of the places in the Historic Area were going for less than lot value IMHO. To buy up a bunch of teardowns, replace them with modern dwellings and sell them at a fine profit makes sense to me!

This has been going on in my 1962 beach close neighborhood in SoCal for years. A lot of smart money got in when the market took a dive. Now with the upturn the buyers are building new homes on great sites, some for their own use; others for resale. http://articles.latimes.com/2014/jan...downs-20140104
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  #154  
Old 06-27-2014, 02:47 PM
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Originally Posted by JB in TV View Post
If these properties are currently "under contract" thru TV sales dept, a quick search on TV website selecting "preowned" and check "pending" should show them, yes?

Sort by price (not Open House), then click the little arrow to the right of the "sort by" window to show lower priced homes first.

I see a bunch of Manufactured Homes" showing as pendings on the Historic side.
Yep. But only four are under $100,000. The rest are $120,000+ and up into the $140s. Plus unless the developer closed on a bunch of them already (so they're not listed as pending; they're off the site), there really aren't enough pending to say he's buying up the historic side.

But BK, if you go to that site, you will find addresses. If you want. (I can't remember if you want.)
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Old 06-27-2014, 02:50 PM
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Old 06-27-2014, 03:36 PM
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I think they are..........................
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Old 06-27-2014, 04:13 PM
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I think they are..........................
Hmmmm!
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Old 06-27-2014, 04:21 PM
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Wouldn't a evil developer 1st run down the prices of the homes.
The homes that have been abandoned are pretty much at the lowest possible price. The lots over here are valued at $39,000. There are homes here that have sold for that, but they are pretty much ready to be torn down. On on Dustin just went in an absolute auction. I have no idea what it went for but it is a mess an has been sitting for a long time.
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Old 06-27-2014, 08:30 PM
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Originally Posted by CFrance View Post
Yep. But only four are under $100,000. The rest are $120,000+ and up into the $140s. Plus unless the developer closed on a bunch of them already (so they're not listed as pending; they're off the site), there really aren't enough pending to say he's buying up the historic side.

But BK, if you go to that site, you will find addresses. If you want. (I can't remember if you want.)
Go to what site? I'm confused (but that isn't unusual).
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Old 06-27-2014, 08:32 PM
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Oh, never mind. I just reread the post before your post.
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