Big Bear Bummers

Blog

bigbearbummers.com/

Profile

bigbearbummers.com/author/bigb

Homepage

bigbearbummers.wordpress.com

  • Down Payment Destroyed

    Address: 1036 Robinhood Blvd, Big Bear City, CA 92314 Link: https://www.redfin.com/CA/Big-Bear-City/1036-Robinhood-Blvd-92314/home/3514308 Beds/Baths: 2 bed, 1 bath, 896 squares Purchase Price (5/2022): $421,000 Asking Price: $349,000 Difference: -$72,000 Commission (5%): -$10,470 Total Loss: -$82,470 These people know they’re fucked. They originally listed for $389,000 in November 2023, just a year-and-a-half after purchasing. Considering they (over)paid $421,000 for this…

  • SOLD: Competition Package

    The new owner of Unit #10 is 100-percent, without a doubt, catching a falling knife. Although $585,000 might seem like a good deal compared to the seller’s original asking price of $699,900, when you compare it to actual comps in the building it makes no sense. I could understand if this place was dialed in…

  • PRICE CUT III: The $1,000 Question

    Another useless price cut. Good for them for finally doing something – remember, there wasn’t a single price cut between June and October. So three cuts in November alone is commendable. But these chickenshit price cuts are not going to…cut it. It’s been listed for more than 160 days with no love. But at $326…

  • PRICE CUT: Stay Focused

    I cannot believe these greedy morons are still on the market – I had completely forgotten about them. And considering it took them an entire year to finally cut the price (by a measly $10,000, mind you), they also might have forgotten their house was still for sale. A sale at this price would grant…

  • UPDATE III: Code Brown

    Well, this is what you get for fucking around with Wishing Prices, rather than accepting reality and pricing to sell. As we covered in the previous post, Unit 6 took advantage of Unit 4’s delusional pricing and severely undercut him. And when Unit 6 quickly sold for $335,000, that immediately set a new comp for…

  • PRICE CUT II: The $1,000 Question

    Things are not looking good for our sellers. They listed in June for $799,000 and have been chasing the market down ever since. After five price cuts they are currently begging for $729,000, representing a $93,000 loss after commissions. It’s still possible to salvage some of their $160,000 down payment, but rates are on the…

  • PRICE CUT II: Double Double

    After being stuck at $549,000 since September, they finally committed to another price cut. Sure, it’s only 10 grand, but keep in mind that every little reduction brings them closer to losing their entire down $123,000 payment. At the current asking price, they are staring down the barrel of a $95,000 loss. Surely this latest…

  • Robbin’ in the Hood

    Address: 1037 W Robinhood Blvd, Big Bear City, CA 92314 Link: https://www.redfin.com/CA/Big-Bear-City/1037-Robinhood-Blvd-92314/home/17276765  Beds/Baths: 3 beds, 2 bath, 1,410 squares Purchase Price (4/2022): $705,000 Asking Price: $679,000 Difference: -$26,000 Commission (3%): -$20,370 Total Loss: -$46,370 Today’s featured seller bought in 2022 for a hefty $705,000 and completely missed the memo that the party ended for Big Bear real…

  • PRICE CUT III: A Moment of Clara-ty

    After this generous 2-percent price cut, these sellers will “only” walk away with $220,000. Thank you for your sacrifice. https://www.redfin.com/CA/Big-Bear-Lake/371-Santa-Clara-Blvd-92315/home/4113833 **********PREVIOUS POSTS BELOW********** Congratulations on 300 days! You guys are doing great! Also, why the fuck is your property still on the market? You clearly have no interest in actually selling it. **********PREVIOUS POSTS BELOW**********…

  • That’s the Thing About the Old Days

    Address: 41952 Mapleleaf Dr, Big Bear Lake, CA 92315 Link: https://www.redfin.com/CA/Big-Bear-Lake/41952-Mapleleaf-Dr-92315/home/4112568  Beds/Baths: 3 beds, 2 bath, 1,376 squares Purchase Price (3/2023): $685,000 Asking Price (9/2024): $699,000 Difference: +$14,000 Commission (3%): -$20,970 Total Loss: -$6,970 This is my favorite type of seller: Buys a property in 2023, then, in complete ignorance of the realities of the market staring…