UPDATE VI: The $1,000 Question

***********PREVIOUS POSTS BELOW*********** This is utter devastation. They can only cut the price another $18,000 before their entire down payment vanishes. And after that they'll probably just walk away rather than throw more good money after bad. After 254 days on market, it looks like that's where we're headed. ********PREVIOUS POSTS BELOW******** While I understand sellers being slow to make meaningful price cuts in a desperate desire…

http://bigbearbummers.com/2025/08/21/update-vi-the-1000-question/

SOLD: Code Brown

This long, sad saga is finally over. *********PREVIOUS POSTS BELOW********* Their down payment was only $90,000, which means if they want to avoid a short sale they will have to write an additional check for $40,000 to get out of this. How on earth have they not walked away yet? I realize it’s difficult for banks to foreclose in California, but this is insane.

http://bigbearbummers.com/2025/04/24/sold-code-brown/

PRICE CUT III: Double Double

These dorks have been listed since July 2024 and just refuse to do what it takes to get rid of this place. A sale at this price will result in a loss of $102,000. They would still get some of their down payment back, but that assumes this price is FINALLY attractive enough to nab a buyer. The listing history is absolutely nuts:

http://bigbearbummers.com/2025/03/10/price-cut-iii-double-double/

Price Cut III: Seeing the Light (Saber)

Good for the listing agent for convincing their client to get serious, but this means their $88,000 down payment is as good as gone. My advice to recent buyers is to do whatever it takes to hang on for a few more years – things will eventually normalize. The problem is that not everybody is in that financial position to ride things out (rising insurance costs aren't helping), and job losses, relocations and divorces make it so…

http://bigbearbummers.com/2025/03/07/price-cut-iii-seeing-the-light-saber/

SOLD: It’s a Moose-take

They were smart to let it go rather than wasting time with chickenshit price cuts. But that must have hurt. ********PREVIOUS POST BELOW******** Address: 42415 Heavenly Valley Dr, Big Bear Lake, CA 92315 Link: Beds/Baths: 3 bed, 3 bath, 2,200 squares Purchase Price (9/2023): $980,000 Asking Price: $999,000 Difference: +$19,000 Commission (3%): -$29,970 Total Loss: -$10,970 In September 2023 our intrepid investor plunked down $980,000 for this…

http://bigbearbummers.com/2025/03/06/sold-its-a-moose-take/

Fancy Finishes Facilitate Fruitful Flip

Address: 332 E Country Club Blvd,Big Bear City, CA 92314 Link: Beds/Baths: 1 bed, 1 bath, 360 squares Purchase Price (4/2024): $408,000 Asking Price: $599,000 Difference: +$191,999 Commission (3%): -$18,000 Total Gain: +$173,999 Today we're going to find out what it's like for flippers in 2025. In April 2024 our seller plunked down $408,000 for a pretty rough cabin in an undesirable area.

http://bigbearbummers.com/2025/03/06/fancy-finishes-facilitate-fruitful-flip/

FORECLOSURE: Aurora Floorealis

Called it! ******PREVIOUS POST BELOW****** Address: 491 Imperial Ave, Sugarloaf, CA 92386 Link: Beds/Baths: 1 bed, 1 bath, 504 squares Purchase Price (2/2020): $140,000 Asking Price: $224,900 Difference: +$84,900 Commission (3%): -$6,747 Total Gain: +$78,153 These people are out of their freaking minds if they think they're going to get 60 percent more than their 2020 purchase price. This is pure, unfettered delusion.

http://bigbearbummers.com/2025/03/05/foreclosure-aurora-floorealis/

PRICE CUT V: The $1,000 Question

This is utter devastation. They can only cut the price another $18,000 left before their entire down payment vanishes. And after that they'll probably just walk away rather than throw more good money after bad. After 254 days on market, it looks like that's where we're headed. ********PREVIOUS POSTS BELOW******** While I understand sellers being slow to make meaningful price cuts in a desperate desire to avoid monetary loss, this is…

http://bigbearbummers.com/2025/03/04/price-cut-v-the-1000-question/

PRICE CUT IV: Code Brown

Their down payment was only $90,000, which means if they want to avoid a short sale they will have to write an additional check for $40,000. How on earth have they not walked away yet? I realize it's difficult for banks to foreclose in California, but this is kind of insane. In a previous update I noted that the sale of Unit 6 meant the new MAXIMUM price of Unit 4 needed to be $335,000.

http://bigbearbummers.com/2025/03/02/price-cut-iv-code-brown/

PRICE CUT II: Seeing The Light (Saber)

A sale at this price will result in a brutal loss of $53,000. Clearly not how they saw things going when they first listed for a wildly optimistic $475,000. I bet they're kicking themselves for waiting so long to get serious, but what's done is done. ********PREVIOUS POSTS BELOW******** Oh man, I had forgotten about these people. Despite a full year on the market they are committed to these tiny, meaningless price cuts.

http://bigbearbummers.com/2025/02/28/price-cut-ii-seeing-the-light-saber/