Notable and Quotable

“Aside from running outside naked, I don’t know what to do to reach the people who might want to find [and buy] this house.”

Gretchen Rolfe, a Mission Viejo psychologist, whose monthly mortgage payment jumped about 25% last spring, in today’s LA Times

Posted in * Economics, Politics, Economy

9 comments on “Notable and Quotable

  1. KAR says:

    Oh dear … is this “when in doubt, sex sell?”

    (Most folks I know in housing, you might pay for them *not* to run around outside naked).

  2. Pageantmaster Ù† says:

    More likely to frighten them off – but the desperation is real.

  3. Michael+ says:

    Is it desperation or is it greed? I have a suggestion for this person: a) keep clothes on, b) drop price, c) repeat a and b until sale. Having recently achieved escape velocity from California, my personal experience is that the underlying statement is more like, “I can’t sell this house for the price my Realtor said I could, so I can’t make all the money people said I could on real estate, so I can’t have all the stuff I want and still live in beautiful Mission Viejo. It just ain’t fair. I am entitled to 12% escalation in the price of my home.”

  4. Chris says:

    it sounds like she lives alone in a 4 bedroom hous. what’s wrong with this picture?

  5. Jimmy DuPre says:

    there are some who bought at the peak and now their homes are worth 20+ % less than they paid; the old rules will come back now; such as expect to stay in your house for at least 3 years after you buy it, or you will be spending $$ to sell

  6. Brian of Maryland says:

    OR … she sucked out all the equity, went on a grand vacation or put in granite counter tops in her kitchen, and now can’t sell it for less. That’s the problem in our area.

    Maryland Brian

  7. Chazaq says:

    Gretchen Rolfe seems like an interesting person. I found this article written by her,

    http://www.selfhelpmagazine.com/articles/wf/exitleft.html

    and especially liked the following:

    “Reawaken your sensory and spiritual self. Remember the high holy days; celebrate summer solstice; have your palm read; read up on the ancient gods and goddesses.”

  8. Florida Anglican [Support Israel] says:

    In Florida, particularly central Florida, people really are having difficulty selling their homes. I work in Marketing in a retirement home. Most of my residents cannot afford to move in without sellings their homes. One year ago, most would be able to sell their homes within 3-4 weeks. Today, NO ONE is selling a house. Nobody. Even with drastic reductions. Doesn’t have anything to do with profit. It’s just a dead market around here.

  9. CharlesB says:

    First, don’t pass up the point about the monthly payment going up. The person had an ARM at a time when mortgage rates were at an all time low. Not a smart move. Houses, used cars and stocks are worth exactly what a buyer is willing to pay for them, not a penny more. This person can probably stop eating out three time a week and cough up the extra on the payment. Next time, get a fixed rate mortgage.