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  • The $1,000 Question

    Address: 667 Talmadge Rd, Big Bear Lake, CA 92315 Link: https://www.redfin.com/CA/Big-Bear-Lake/667-Talmadge-Rd-92315/home/3503775 Beds/Baths: 4 bed, 3.5 bath, 2,221 squares Purchase Price (5/2022): $800,000 Asking Price: $799,000 Difference: -$1,000 (LOL) Commission (5%): -$39,950 Total Loss: -$40,950 The sales history is a great demonstration of how AirBnB and cheap mortgages fueled the real estate frenzy in Big Bear. In February…

  • Canary in the Coal Mine?

    Address: 40168 Highland Rd, Big Bear Lake, CA 92315 Redfin: https://www.redfin.com/CA/Big-Bear-Lake/40168-Highland-Rd-92315/home/3501226 Beds/Baths: 2 bed, 2 bath, 810 squares Purchase Price (2/2022): $420,000 Asking Price: $325,000 Difference: -$95,000 Commission (5%): -$16,250 Total Gain/Loss: -$111,250 When was the last time you saw a short sale anywhere – let alone in Big Bear? This is a big deal. Incidentally, the…

  • Pick Your Pain

    Address: 42756 Castlewood Rd, Big Bear Lake, CA 92315 Link: https://www.zillow.com/homedetails/42756-Castlewood-Dr-Big-Bear-Lake-CA-92315/17390045_zpid/ Beds/baths: 5 bed, 3.5 bath, 3,665 squares Purchase Price (7/2023): $1,145,000 Asking Price: $999,999 Difference: -$146,000 Commission (5%): -$49,950 Total Gain/Loss: -$195,950 Damn, this is going to hurt. According to Zillow, our seller purchased exactly one year ago for a whopping $1,145,000. Less than three months…

  • Alta la Vista, Baby

    Address: 42504 Alta Vista Ave, Big Bear Lake, CA 92333 Redfin: https://www.redfin.com/CA/Big-Bear-Lake/42504-Alta-Vista-Ave-92315/home/4114280 Beds/Baths: 3 bed, 2 bath, 1,445 squares Purchase Price (10/2023): $729,999 Asking Price: $800,000 Difference: +$70,000 Commission (5%): -$40,000 Total Gain/Loss: +$30,001 This seller is rabid with delusion if they think they’re getting out of this without a massive financial loss. They purchased in October…

  • A Moment of Clara-ty

    Address: 371 Santa Clara Blvd, Big Bear Lake, CA 92315 Redfin: https://www.redfin.com/CA/Big-Bear-Lake/371-Santa-Clara-Blvd-92315/home/4113833 Beds/Baths: 3 bed, 2 bath, 1,280 squares Purchase Price (5/2019): $410,000 Asking Price: $685,000 Difference: +$275,000 Commission (5%): -$34,250 Total Gain/Loss: +$240,750 This property has been on the market for an incredible 190+ days. Did they, like, forget it was listed for sale?…

  • Code Brown

    Address: 41764 Brownie Ln #4, Big Bear Lake, CA 92315 Zillow: https://www.zillow.com/homedetails/41764-Brownie-Ln-APT-4-Big-Bear-Lake-CA-92315/17618262_zpid/ Beds/baths: 2 bed, 2 bath, 1,200 squares Purchase Price (5/2022): $449,000 Asking Price: $399,000 Difference: -$50,000 Commission (5%): -$19,950 Total Gain/Loss: -$69,950 In May 2022, our seller paid $449,000 and just two years later is willing to flush $70,000 down the toilet just to get…

  • Seeing The Light (Saber)

    First of all, is it just me? Address: 42533 Moonridge Rd #4, Big Bear Lake, CA 92315 Redfin: https://www.redfin.com/CA/Big-Bear-Lake/42533-Moonridge-Rd-92315/unit-4/home/4114382 Beds/Baths: 2 bed, 2 bath, 950 squares Purchase Price (5/2023): $440,000 Asking Price: $458,000 Difference: +$18,000 Commission (5%): -$22,900 Total Gain/Loss: -$4,900 Here is yet another dreamer in for a rude awakening. They purchased in May 2023 for $440,000…

  • Micro Aggressions

    Address: 42618 Peregrine Ave, Big Bear Lake, CA 92315 Realtor.com: https://www.realtor.com/realestateandhomes-detail/42618-Peregrine-Ave_Big-Bear-Lake_CA_92315_M27195-28579 Beds/Baths: 3 bed, 1 bath, 700 squares Purchase Price (4/2023): $435,000 Asking Price: $499,000 Difference: +$64,000 Commission (5%): -$24,950 Total Gain/Loss: +$39,050 That’s not a typo – they somehow, beyond all comprehension, were able to shoehorn three bedrooms and a bathroom into just 700 square feet. Wow.…

  • Pigeon Holed

    Address: 1273 Pigeon Rd, Big Bear Lake, CA 92315 Big Bear Lake, CA 92315 Redfin: https://www.redfin.com/CA/Big-Bear-Lake/1273-Pigeon-Rd-92315/home/3511289 Beds/Baths: 4 bed, 2 bath, 2,424 squares Purchase Price (10/2021): $840,000 Asking Price: $1,200,000 Difference: +$360,000 Commission (5%): -$60,000 Total Gain/Loss: +$300,000 Anybody know the first rule of selling drugs?  That’s right: Never get high on your own supply. Unfortunately, that’s exactly…

  • UPDATE: The Pain Train

    As I hoped, this seller is starting to get serious. On June 20 they reduced the price by a substantial $30,000 and I applaud that aggressive move. Here are the updated financials: Purchase Price (8/2022): $694,900 New Asking Price: $649,000 Difference: -$45,000 Commission (5%): -$32,450 Total Gain/Loss: -$77,450 As you can see, if this new…