Comments on: The Lot History for Obama’s House and the Vacant Lot http://archpundit.com/blog/2008/02/08/the-lot-history-for-obamas-house-and-the-vacant-lot/ Illinois, From Misery Thu, 18 Mar 2010 15:00:08 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: ArchPundit » Blog Archive » Rezko Primer IX: Lot History and Loose Ends http://archpundit.com/blog/2008/02/08/the-lot-history-for-obamas-house-and-the-vacant-lot/comment-page-1/#comment-12615 ArchPundit » Blog Archive » Rezko Primer IX: Lot History and Loose Ends Wed, 19 Mar 2008 21:58:22 +0000 http://69.89.31.63/~archpund/2008/02/08/the-lot-history-for-obamas-house-and-the-vacant-lot/#comment-12615 [...] I replied why this was incorrect here: There are several problems with this including that the properties were listed separately before they ever went on the market. [...] [...] I replied why this was incorrect here: There are several problems with this including that the properties were listed separately before they ever went on the market. [...]

]]> By: ArchPundit http://archpundit.com/blog/2008/02/08/the-lot-history-for-obamas-house-and-the-vacant-lot/comment-page-1/#comment-6963 ArchPundit Fri, 08 Feb 2008 23:14:07 +0000 http://69.89.31.63/~archpund/2008/02/08/the-lot-history-for-obamas-house-and-the-vacant-lot/#comment-6963 BTW, the house was on the market for several months so it's hard to say that the value was clear. BTW, the house was on the market for several months so it’s hard to say that the value was clear.

]]> By: Dr. Squid http://archpundit.com/blog/2008/02/08/the-lot-history-for-obamas-house-and-the-vacant-lot/comment-page-1/#comment-6964 Dr. Squid Fri, 08 Feb 2008 22:56:13 +0000 http://69.89.31.63/~archpund/2008/02/08/the-lot-history-for-obamas-house-and-the-vacant-lot/#comment-6964 Did these people learn nothing from <i>Fools for Scandal</i> and <i>The Hunting of the President</i>? One lesson from those books about Whitewater is that when the Big Bad New York Media comes in retreading the same path done by the local media, they do an inferior job. You'd think Clinton fans would know this by now. Did these people learn nothing from Fools for Scandal and The Hunting of the President?

One lesson from those books about Whitewater is that when the Big Bad New York Media comes in retreading the same path done by the local media, they do an inferior job.

You’d think Clinton fans would know this by now.

]]> By: ArchPundit http://archpundit.com/blog/2008/02/08/the-lot-history-for-obamas-house-and-the-vacant-lot/comment-page-1/#comment-6959 ArchPundit Fri, 08 Feb 2008 21:53:54 +0000 http://69.89.31.63/~archpund/2008/02/08/the-lot-history-for-obamas-house-and-the-vacant-lot/#comment-6959 ===However, I find one tiny problem with the credibility of the seller only wanting to sell both properties for the SAME that he paid for them. The sale prices are not only “reasonable” but do not reflect what even the real estate agent would have recommended. Having a realtor in the family, he would say that selling at below market value was insanity on the realtor’s part. There is no allowance for real estate appreciation and 2005 was definitely NOT a down real estate market. Don’t you find that a bit odd? Who invests in real estate to NOT make a profit? They did want to make a profit--but they were moving to the Baltimore area and had to sell. So they took the high bid on the House. High end property is very spotty and, in fact, has to be thrown out when you do assessment ratio studies because the sales are automatically outliers. From everything written about the sale, it appears the wanted to sell the two lots separately for exactly this reason. Together the property would have less of a market while the house could sell for around what they paid and then the lot is in a desirable area to build upon--thus an easier property to get rid of--and there were more bids for it. ===However, I find one tiny problem with the credibility of the seller only wanting to sell both properties for the SAME that he paid for them. The sale prices are not only “reasonable” but do not reflect what even the real estate agent would have recommended. Having a realtor in the family, he would say that selling at below market value was insanity on the realtor’s part. There is no allowance for real estate appreciation and 2005 was definitely NOT a down real estate market. Don’t you find that a bit odd? Who invests in real estate to NOT make a profit?

They did want to make a profit–but they were moving to the Baltimore area and had to sell. So they took the high bid on the House.

High end property is very spotty and, in fact, has to be thrown out when you do assessment ratio studies because the sales are automatically outliers.

From everything written about the sale, it appears the wanted to sell the two lots separately for exactly this reason. Together the property would have less of a market while the house could sell for around what they paid and then the lot is in a desirable area to build upon–thus an easier property to get rid of–and there were more bids for it.

]]> By: rawdawgbuffalo http://archpundit.com/blog/2008/02/08/the-lot-history-for-obamas-house-and-the-vacant-lot/comment-page-1/#comment-6962 rawdawgbuffalo Fri, 08 Feb 2008 21:20:15 +0000 http://69.89.31.63/~archpund/2008/02/08/the-lot-history-for-obamas-house-and-the-vacant-lot/#comment-6962 To be completely pragmatic, it is a non issue, she makes America look good, Michelle tha is<a href="http://rawdawgb.blogspot.com/2008/01/he-has-coretta.html" rel="nofollow">he has a Coretta.</a> To be completely pragmatic, it is a non issue, she makes America look good, Michelle tha ishe has a Coretta.

]]> By: B Merry http://archpundit.com/blog/2008/02/08/the-lot-history-for-obamas-house-and-the-vacant-lot/comment-page-1/#comment-6960 B Merry Fri, 08 Feb 2008 20:30:55 +0000 http://69.89.31.63/~archpund/2008/02/08/the-lot-history-for-obamas-house-and-the-vacant-lot/#comment-6960 I have added your rebuttal to the MyDD diary link I had published at RezkoWatch. However, I find one tiny problem with the credibility of the seller only wanting to sell both properties for the SAME that he paid for them. The sale prices are not only "reasonable" but do not reflect what even the real estate agent would have recommended. Having a realtor in the family, he would say that selling at below market value was insanity on the realtor's part. There is no allowance for real estate appreciation and 2005 was definitely NOT a down real estate market. Don't you find that a bit odd? Who invests in real estate to NOT make a profit? I have added your rebuttal to the MyDD diary link I had published at RezkoWatch. However, I find one tiny problem with the credibility of the seller only wanting to sell both properties for the SAME that he paid for them. The sale prices are not only “reasonable” but do not reflect what even the real estate agent would have recommended. Having a realtor in the family, he would say that selling at below market value was insanity on the realtor’s part. There is no allowance for real estate appreciation and 2005 was definitely NOT a down real estate market. Don’t you find that a bit odd? Who invests in real estate to NOT make a profit?

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