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[…] I keep telling y’all… […]
24.4.2025 18:39Comment on Competition Package by SOLD: Code Brown – Big Bear Bummers[…] In a previous update I noted that the sale of Unit 6 meant the new MAXIMUM price of Unit 4 needed to be $335,000. That comp was way back in September, but it took these knuckleheads months to get with the program and get the price below that number. […]
24.4.2025 18:38Comment on UPDATE II: Code Brown by SOLD: Code Brown – Big Bear BummersThis long, sad saga is finally over. *********PREVIOUS POSTS BELOW********* Their down payment was only $90,000, which means if they want to avoid a short sale they will have to write an additional check for $40,000 to get out of this. How on earth have they not walked away yet? I realize it’s difficult for […]
24.4.2025 18:38SOLD: Code BrownThese dorks have been listed since July 2024 and just refuse to do what it takes to get rid of this place. A sale at this price will result in a hefty loss of $104,000. They would still get some of their down payment back, but that assumes this price is FINALLY attractive enough to […]
10.3.2025 16:35PRICE CUT III: Double DoubleGood for the listing agent for convincing their client to get serious, but this means their $88,000 down payment is as good as gone. My advice to recent buyers is to do whatever it takes to hang on for a few more years – things will eventually normalize. The problem is that not everybody is […]
7.3.2025 16:09Price Cut III: Seeing the Light (Saber)They were smart to let it go rather than wasting time with chickenshit price cuts. But that must have hurt. ********PREVIOUS POST BELOW******** Address: 42415 Heavenly Valley Dr, Big Bear Lake, CA 92315 Link: https://www.redfin.com/CA/Big-Bear-Lake/42415-Heavenly-Vly-Dr-92315/home/4114021 Beds/Baths: 3 bed, 3 bath, 2,200 squares Purchase Price (9/2023): $980,000 Asking Price: $999,000 Difference: +$19,000 Commission (3%): -$29,970 Total Loss: -$10,970 […]
6.3.2025 19:31SOLD: It’s a Moose-takeAddress: 332 E Country Club Blvd,Big Bear City, CA 92314 Link: https://www.redfin.com/CA/Big-Bear-City/332-E-Country-Club-Blvd-92314/home/3517229 Beds/Baths: 1 bed, 1 bath, 360 squares Purchase Price (4/2024): $408,000 Asking Price: $599,000 Difference: +$191,999 Commission (3%): -$18,000 Total Gain: +$173,999 Today we’re going to find out what it’s like for flippers in 2025. In April 2024 our seller plunked down $408,000 for a […]
6.3.2025 17:08Fancy Finishes Facilitate Fruitful FlipCalled it! ******PREVIOUS POST BELOW****** Address: 491 Imperial Ave, Sugarloaf, CA 92386 Link: https://www.redfin.com/CA/Sugarloaf/491-Imperial-Ave-92386/home/3077202 Beds/Baths: 1 bed, 1 bath, 504 squares Purchase Price (2/2020): $140,000 Asking Price: $224,900 Difference: +$84,900 Commission (3%): -$6,747 Total Gain: +$78,153 These people are out of their freaking minds if they think they’re going to get 60 percent more than their 2020 […]
5.3.2025 15:45FORECLOSURE: Aurora FloorealisThis is utter devastation. They can only cut the price another $18,000 left before their entire down payment vanishes. And after that they’ll probably just walk away rather than throw more good money after bad. After 254 days on market, it looks like that’s where we’re headed. ********PREVIOUS POSTS BELOW******** While I understand sellers being […]
4.3.2025 17:04PRICE CUT V: The $1,000 Question[…] I keep telling y’all… […]
3.3.2025 01:49Comment on Competition Package by PRICE CUT IV: Code Brown – Big Bear Bummers[…] a previous update I noted that the sale of Unit 6 meant the new MAXIMUM price of Unit 4 needed to be $335,000. That […]
3.3.2025 01:48Comment on UPDATE II: Code Brown by PRICE CUT IV: Code Brown – Big Bear BummersTheir down payment was only $90,000, which means if they want to avoid a short sale they will have to write an additional check for $40,000 to get out of this. How on earth have they not walked away yet? I realize it’s difficult for banks to foreclose in California, but this is insane. In […]
3.3.2025 01:48PRICE CUT IV: Code BrownA sale at this price will result in a brutal loss of $53,000. Clearly not how they saw things going when they first listed for a wildly optimistic $475,000. I bet they’re kicking themselves for waiting so long to get serious, but what’s done is done. ********PREVIOUS POSTS BELOW******** Oh man, I had forgotten about […]
28.2.2025 16:28PRICE CUT II: Seeing The Light (Saber)A sale at the current price will result in a profit of roughly $2,900 after they pay their agent’s commission. Their dream of getting out of this without taking any financial damage is still alive. But they’ll have to wake up and face reality at some point. ********PREVIOUS POST BELOW******** Address: 42769 La Placida Ave, Big […]
28.2.2025 16:12PRICE CUT: Doing a Full 360[…] sales are incredibly rare in Big Bear, so this listing immediately stood […]
26.2.2025 17:19Comment on Canary in the Coal Mine? by PRICE CUT II: FHA Fail – Big Bear BummersIn reply to <a href="https://bigbearbummers.com/2025/01/28/the-knight-stuff/comment-page-1/#comment-105">Anonymous</a>. <!-- wp:paragraph --> <p>Yep, that pretty much sums it up. They know they're screwed, but they're desperately trying to contain the damage and avoid losing their entire down payment.</p> <!-- /wp:paragraph --><!-- wp:paragraph --> <p>Once the ski-season rental money starts dwindling, they'll re-list it and try again. </p> <!-- /wp:paragraph -->
24.2.2025 02:36Comment on The Knight Stuff by Big Bear Bummers<!-- wp:paragraph --> <p>Help me understand...</p> <!-- /wp:paragraph --><!-- wp:paragraph --> <p></p> <!-- /wp:paragraph --><!-- wp:paragraph --> <p>Land was worth about $100k in 2021, pandemic/post-pandemic building costs about $350/sq ft, size is 1,600 sq ft - or about $560k. </p> <!-- /wp:paragraph --><!-- wp:paragraph --> <p></p> <!-- /wp:paragraph --><!-- wp:paragraph --> <p>All in that would be $660k, not $725k. </p> <!-- /wp:paragraph --><!-- wp:paragraph --> <p></p> <!-- /wp:paragraph --><!-- wp:paragraph --> <p>House is now delisted.</p> <!-- /wp:paragraph -->
23.2.2025 18:43Comment on The Knight Stuff by Anonymous<!-- wp:paragraph --> <p>This is just an odd house, with a poor layout.</p> <!-- /wp:paragraph --><!-- wp:paragraph --> <p>Look at the kitchen, it all angled and wastes so much space. Same for the bigger bath.</p> <!-- /wp:paragraph --><!-- wp:paragraph --> <p>So even though its a lot of sq ft, the inside is clunky, and the updating looks rushed.</p> <!-- /wp:paragraph --><!-- wp:paragraph --> <p>Also when the snow melts in the elevated backyard, where will it go?</p> <!-- /wp:paragraph -->
20.2.2025 14:19Comment on PRICE CUT: “Seller Wants it Sold” by AnonymousIn reply to <a href="https://bigbearbummers.com/2025/01/16/price-cut-2-4-1/comment-page-1/#comment-101">Anonymous</a>. <!-- wp:paragraph --> <p>Great breakdown. These people are in DEEP trouble.</p> <!-- /wp:paragraph -->
19.2.2025 18:05Comment on PRICE CUT: 2-4-1 by Big Bear BummersIn reply to <a href="https://bigbearbummers.com/2024/08/20/seller-wants-it-sold/comment-page-1/#comment-100">Anonymous</a>. <!-- wp:paragraph --> <p>I guess the seller doesn't "want it sold" after all...</p> <!-- /wp:paragraph -->
19.2.2025 18:04Comment on “Seller Wants it Sold” by Big Bear Bummers