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Saturday, July 19, 2008 at 09:18PM

REO Trail - 60% off

This 3 br/1 ba, 1,034 sf attached home in Oceanside sold for $368,000 in February, 2005. Today's price? $147,900

Posted on Saturday, July 19, 2008 at 09:18PM by Registered CommenterJim the Realtor | Comments15 Comments

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Reader Comments (15)

WTF is that? Please tell me how that house got appraised for $368,000 three years ago?

I love how you seem to be doing your best to avoid the mirrors when you do these videos! The last several videos have close calls as you can just about see you and then you dart out of frame.

July 19, 2008 | Unregistered CommenterKeith Rettig

This house (or comparable unit) will go for $100k or less within the next 36 months.

My opinion.

July 20, 2008 | Unregistered CommenterMercutio.Mont

I've been told to keep the focus on the property because I have a face made for radio....

July 20, 2008 | Registered CommenterJim the Realtor

I love how you seem to be doing your best to avoid the mirrors when you do these videos!

Wait a second, Keith. Jim got caught pretty good in that bathroom mirror. :)

July 20, 2008 | Unregistered CommenterTyrone

LoL. Tell the truth, how many takes did you need before you could do that walkthrough deadpan? "Permits for that," "extra rental income," "junior office." Gold, pure gold.

July 20, 2008 | Unregistered CommenterRob Dawg

I usually just go with the first take, but this one took three, but it was because of the dueling ice cream trucks out front creating a racket.

July 20, 2008 | Registered CommenterJim the Realtor

Pure Garabage. How was the smell? I agree with Mercutio.Mont

July 20, 2008 | Unregistered Commenter306

That was absolutely hilarious. Made my day.

July 20, 2008 | Unregistered CommenterChris

What a dump. Don't forget to wipe your feet on the way out. Which bank owns that gem? I'm guessing 368K was 100% financed.

July 20, 2008 | Unregistered CommenterJE

"Extra rental income" priceless....

July 20, 2008 | Unregistered CommenterInland Empire

Jim, I've watched two of your videos now, and I don't know how you do it. I guess we have to make a living somehow but I just don't see how you can turn a profit on these crap properties that take so long to process. I don't think I could do these videos in just one take either (or not without a stiff drink).

July 20, 2008 | Unregistered CommenterUnsureBuyer

60% off, AKA the barrio discount

July 20, 2008 | Unregistered CommenterKev

Love the sound effects in the video. Sounds like screaming neighbors and dogs barking. Add in the ice cream trucks...pure paradise! :)

While the extra rooms are funny, it's sad to think some people have to live that way. Probably had 10-15 people living there. Good neighborhood, too!!! ;)

July 21, 2008 | Unregistered CommenterCA renter

A gallon of gas and a match could clean that up nicely.

Someone will buy this, add a coat of paint and rent it out to people like those who lived there before.

July 21, 2008 | Unregistered Commenterbearing01

At the right price, this can make a decent rental property. Not the best place to live, but again if the price is right. Back in LA cramming different people into one rental is common, I've seen rent go between $200-$600 for a small room.

July 21, 2008 | Unregistered CommenterBDiego

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