All Forum Posts by: Alex R.

As you can see for this single family house, there are 3 price estimates which are quite different from each other:

http://www.ziprealty.com/property/2714-REX-AVE-BAKERSFIELD-CA-93304/4754697/detail

Zillow estimates it at 96k, homegain at 104 and eppraisal at 71k
First and foremost I want to know which one is a more reliable estimate.
Second, what would be the ARV compared to this price ? is there any ratio or formula relating the ARV and purchase price ?

I am quite positive she deliberately asked that question to show off her wealth and status.

As mentioned earlier in the movie, she wasn’t born with a silver spoon in her mouth and as such, she definitely knew a rental car booked in the airport, does not come with a driver!

It should be a good movie, but it is priced too high. This is directly from their website:

All home video orders must be paid by check or money order in advance of shipment. Price for home video DVD is $60 postpaid.

Great movie indeed; specially Al Pacino's play was amazing.

Margin Call explores capitalism, greed and investment fraud. It's more about financial crisis of 2007–2008 and not directly a "real estate" movie.

It’s not only surprisingly sympathetic but also very distasteful and unfortunate. The way he treats his own family (specially his wife and his older son) is very sad and offensive. His wife quoted from him that when she turns 40 he will replace her for 2 twenty year old girls! Later on in the movie, when she reminded him of his statement, he doesn’t deny and says” I'm waiting for you to be 60 so I can get three 20s.” !!!.

Siegel also admitted on camera to engaging in undisclosed illegal activities in Florida during the 2000 United States elections, which he claims were singularly responsible for getting George W. Bush into the White House. During one interview for the movie he says (quoted from him word by word):

You mentioned being a kingmaker and having a big role in the 2000 election.

I sure did. I got George W.elected president. Personally got him elected president. It is nice to be here
with so many good folks

- from the great state of Florida.
- Yeah!

Businessman David Siegel says America owes a lot to him.

I think we are responsible for George Bush becoming president. Now, had I not stuck my big nose into it,
there probably wouldn't have been an Iraqi war, and maybe we might have been better off... I don't know.

How were you personally responsible for the reelection of George Bush?

I... I'd rather not say it, 'cause it may not necessarily have been legal.

Watch this clip from the movie "the money Pit" when Tom Hanks asks Why would somebody sell a million-dollar house for $200000?

http://www.metacafe.com/watch/an-AyGvtmmJhbJmm/the_money_pit_1986_having_to_get_200k/

That’s because the main goal of TV shows is attracting viewers and selling commercials and being on either extreme ends, serves this purpose well.

Unfortunately to educate the viewers and be informative comes second when making a TV program, with few exceptions of course.

TV shows can be helpful and sometimes give good ideas too.

Actually I just watched one episode of INCOME PROPERTY on HGTV and found it quite interesting.

Any other TV shows that you recommend ?

I just graduated in 2008 and started working. I didn't own any property then and still don't have one even though I am planning to get my first deal soon.

if you were in the bussiness and incurred some losses in that period, it would be interesting and helpful to share your experience with us.

Thanks.