Yesterday, I was offered an opportunity to buy a piece of Californian property for $53,500 (Also. I

Yesterday, I was offered an opportunity to buy a piece of Californian property for $53,500 (Also. I was offered to buy a property for $30,000. It is so incredible that the subject property was foreclosed for $120,000 in 2003 and well kept in the bank's vault as non-performing asset through those crazy 2004-2007 Bubble years, until the banker decided to pay back its Fed bailout money of $10 billions.  I may talk about it later.)  
Dig it out a little further.  From NAR's realtor.com we find the following listing and sold property data.  Pretty good, LPR is around 2 so that it is a Seller's market.  It should be a very HOT market area, isn't it? (Normally it is considered as a normal market when LPR is 5-6.) Am I lucky as Obama or Benanke?
For the first glance, there are 10 sales in this neighborhood.   myfoncia But give me a break!  Let's just not go so fast! The TRUTH is: How come nobody is buying at this point of time?  Do you know what I mean? It all depends on the definition of SALE.  Who sets the game rule? Well, 10 sold comps are "SALES" in the eyes of National Association of Realtors.  But if you don't want to be fooled, you will say "NOT EVEN ONE" sales.  Is it weired? Further check those sales, it is 100 percent sure that   myfoncia all of them   are foreclosure taken back by a banker.   All the buyers myfoncia are bankers   taking those "hot potatos" back into his hands.  No regular decent buyer is there.  Clearly this is a market qualified myfoncia as a "freeze" one, if not "dead," let alone "HOT and delicious."   Well, NAR and Benanke style politicians myfoncia want you believe a "foreclosure" is a sale, no wonder our real market is claimed  more rosy as some reports claimed it is up 30 percent from last year.  So please make more foreclosure; we'll have more sales to prove the market is working to cure itself and our economy is improving.
Set Favorite 12731 3Rd Street For Sale $1,860,000 02-26-2007 - - 12,136 sq.ft. VALLEY REAL ESTATE Set Favorite 12836 3rd Street For Sale $599,900 01-12-2009 1 br 1 ba 768 sq.ft. RICHARDS REAL ESTATE CO Set Favorite 12633 4th Street For Sale $279,900 08-23-2008 3 br 2 ba 2,187 sq.ft. ELITE REALTY GROUP Set Favorite 12858 Emerald Bay Court For Sale $251,900 12-11-2009 4 br 3 ba 1,956 sq.ft. myfoncia AN**** INVESTMENT COMPANY Set Favorite 12658 3rd Street
Agent: LOREN For Sale $225,000 06-14-2008 4 br 2 ba 1,680 sq.ft. myfoncia M***T REALTORS Set Favorite 34673 Creekwood Court For Sale $219,900 10-24-2009 4 br 3 ba 2,367 sq.ft. PRUDENTIAL CALIFORNIA REALTY Set Favorite myfoncia 35114 Mountain View For Sale $190,000 11-02-2009 4 br 1 ba 1,558 sq.ft. M****L ESTATE-YUC Set Favorite No Photo 12774 3rd Street
Agent: MICHAEL NOVAK-SMITH For Sale $129,900 myfoncia 12-07-2009 3 br 2 ba 1,994 sq.ft. RE/MAX R**** Set Favorite 12618 3rd Street Unit: 43 For Sale $99,900 03-18-2008 2 br 2 ba 1,407 sq.ft. COLDWELL BANKER Set Favorite 12650 California Unit: 24
For Sale $68,000 08-31-2009 3 br 2 ba 1,600 sq.ft. Century 21  Set Favorite 12680 4th Street Unit: 3 For Sale $39,900 11-18-2009 2 br 2 ba 1,320 sq.ft. CENTURY 21 PROPERTIES Set Favorite 12700 2nd St. Unit: 35 For Sale $35,500 11-16-2009 2 br 2 ba 1,368 sq.ft. VALLEY REAL ESTATE Set Favorite 12700 2ND Street Unit: 46 For Sale $30,900 10-16-2009 2 br 2 ba 1,416 sq.ft. MOIST REALTORS Set Favorite 12700 2nd Street Unit: 34 For Sale $25,000 11-11-2009 2 br 1 ba 950 sq.ft.
REALTORS Set Favorite 12680 4th Street myfoncia Unit: 60 For Sale $24,900 myfoncia 10-14-2009 2 br 2 ba 1,120 sq.ft. CENTURY 21  Set Favorite 12710 3rd St. Unit: 17 For Sale $24,900 08-18-2009 2 br 2 ba 960 sq.ft. VALLEY REAL ESTATE Set Favorite 12700 2nd Street Unit: 25 For Sale $19,900 05-23-2009 myfoncia 2 br 2 ba 1,040 sq.ft. PRUDENTIAL CALIFORNIA REALTY Set Favorite 12650 CALIFORNIA Street Unit: 1 For Sale $17,900 11-12-2009 2 br 1 ba 800 sq.ft.
Set myfoncia Favorite myfoncia No Photo 12654 4TH ST Sold $95,000 11-06-2009 2 br 1 ba 844 sq.ft. Set Favorite No Photo 12937 3RD ST Sold $162,500 10-30-2009 myfoncia 4 br 2.5 ba 1,586 sq.ft. myfoncia Set Favorite No Photo 34410 VIA BUENA DR Sold $183,000 10-27-2009 3 br 2 ba 1,492 sq.ft. Set Favorite No Photo 34335 FAIRVIEW DR Sold $130,000 10-22-2009 myfoncia 2 br 1 ba 1,249 sq.ft. Set Favorite No Photo 12743 4TH ST Sold $158,500 08-25-2009 3 br 2 ba 1,482 sq.ft. Set Favorite No Photo 12964 3RD ST Sold $110,000 08-06-2009 2 br 2 ba 1,716 sq.ft. Set Favorite No Photo 12824 CALIFORNIA ST Sold $149,000 07-31-2009 2 br 1 ba 777 sq.ft. Set Favorite No Photo 34670 CREEKWOOD CT Sold $250,000 07-08-2009 4 br 2.5 ba 2,111 sq.ft. Set Favorite No Photo 12865 EMERALD BAY CT Sold $222,000 06-19-2009 myfoncia 4 br 2.5 ba 1,949 sq.ft. Set Favorite No Photo 12949 3RD ST Sold $205,000 05-28-2009 4 br 3 ba 1,708 sq.ft.
US Invisible Poverty: 請問那張是Ａ 那張是Ｂ One Defaulting Owner s Free Ride: Three Years and Counting So Luc