{"id":559,"date":"2007-04-03T20:44:56","date_gmt":"2007-04-04T00:44:56","guid":{"rendered":"http:\/\/tour.airstreamlife.com\/wordpress\/?p=559"},"modified":"2007-04-03T20:44:56","modified_gmt":"2007-04-04T00:44:56","slug":"3br-2ba-ugly-kit-nice-vu-hi-price","status":"publish","type":"post","link":"https:\/\/tour.airstreamlife.com\/wordpress\/?p=559","title":{"rendered":"3BR, 2BA, ugly kit., nice vu, hi price"},"content":{"rendered":"

We looked at another couple of houses today. It feels like the search is narrowing, but there’s no slam-dunk yet. There are 8,000 properties for sale in the Tucson MLS, and yet it seems like every one we see is holding out for a high price based on the frenzied market peak of 2005.<\/p>\n

The latest one is owned by one of the hundreds (thousands?) of California investors who helped drive up prices. Now a lot of them are left holding the bag. This one is typical — bought by starry-eyed speculators with 5% down, lightly made over, and left vacant for two years. Yet they expect a tidy profit of 50% even in a slow market.<\/p>\n

It’s frustrating for us as buyers, because many of them won’t negotiate. Too many people are watching either “Flip This House<\/a>” or “Flip That House<\/a>” on cable, and getting the idea that real estate speculation guarantees a big return. Most of them will be disappointed, as this article<\/a> explains.<\/p>\n

\"Tucson<\/a><\/p>\n

The last house we saw today has little charm or curb appeal, a crummy kitchen makeover and a hideous backyard … but the front has a pretty decent view (above). Mostly we’re interested in it because it is close to the school we like for Emma, it has space for the Airstream, and it’s in a nice quiet spot up near the mountains. We shall see. We’ve learned not to get our hearts set on anything, since we’ve already passed on a few other houses with inflexible owners.<\/p>\n","protected":false},"excerpt":{"rendered":"

We looked at another couple of houses today. It feels like the search is narrowing, but there’s no slam-dunk yet. There are 8,000 properties for sale in the Tucson MLS, and yet it seems like every one we see is holding out for a high price based on the frenzied market peak of 2005. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/tour.airstreamlife.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/559"}],"collection":[{"href":"https:\/\/tour.airstreamlife.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tour.airstreamlife.com\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tour.airstreamlife.com\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tour.airstreamlife.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=559"}],"version-history":[{"count":0,"href":"https:\/\/tour.airstreamlife.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/559\/revisions"}],"wp:attachment":[{"href":"https:\/\/tour.airstreamlife.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tour.airstreamlife.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tour.airstreamlife.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}