mammoth foreclosures: Mammoth Foreclosures 5.0––New Woolys and Cash Bullies - 10/26/09 01:44 PM
<!--StartFragment--> The Mammoth REO rodeo continues to ebb and flow. Sometimes we feel on top of things and other times we feel a little buried. My mantra of “expect the unexpected” is worth repeating for buyers, brokers, and casual observers too. The foremost wild card in the mix remains the asset managers who are handling the bank’s portfolios. Not only are they running the show but they are also mired in “policy” that is sometimes arbitrary or unexplainable and may or may not be followed. They’re watching their own performance levels, especially close to the end of the month. And don’t … (0 comments)

mammoth foreclosures: Is This Any Way To Sell a Mammoth Business? - 10/15/09 11:36 AM
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Some things just torture me. And a recent article in the Mammoth Times about a new business for sale just irked me. I just really have to ask myself how this came about? This was a gross disservice to these owners and potential sellers.  What were the editors thinking? I’m criticized for being candid to a fault, but this was abusive. And where was the broker who represents them? Why didn’t he take control? In a small town, this is almost irresponsible journalism. In the era of Wally Hofmann this article would have been re-written because the flaws so glaring.
… (0 comments)

mammoth foreclosures: Broker’s Report, March 27, Bailouts, Dropouts and Wipeouts - 04/07/09 11:27 AM
Broker’s Report, March 27, Bailouts, Dropouts and Wipeouts Broker’s Report, March 27––Currently, the most important real estate news in Mammoth is the re-opening of the Mammoth Value Pass (MVP) membership. Yes, those who don’t belong to the pre-bought discounted season pass program have now been offered a chance to join––you just have to come up with $576. And forget all the mamby-pamby stuff from previous members who thought it was “exclusive”, or that in this economy the Ski Area should have discounted the price from last year. There are a multitude of things swirling around this. Let’s take a look. First, … (0 comments)

mammoth foreclosures: Oooohhh, That Smell––Picking at Bottoms - 11/24/08 11:03 AM
<!--StartFragment--> Q: So Paul, does everybody, including us, think they can pick the bottom of the real estate market in Mammoth? We think that with all of the information now available on the Internet, including your blog, we will be able to do that. But c’mon, what’s your best take on when the bottom will be and can we time it perfectly?
 
A:  In the last few months the questions and comments about “the bottom” have become more frequent and more entertaining. Many owners or wish-to-be sellers are in the “we’re there-we’re there, or…we’re close, aren’t we?” state of mind. … (0 comments)

mammoth foreclosures: "Make'em a Stupid Offer" - 09/29/08 01:17 PM
<!--StartFragment--> This column could be titled Mammoth Foreclosures 3.1, but the phrase “make’em a stupid offer” really stands out in my mind and is far more applicable to the present. While this statement may have no significance to the vast majority of you, it is ingrained as part of my teenage years. I heard the phrase regularly and it was usually while I was eating dinner. This dates back to long before the mania of cell phones. Our family phone was on the wall in the kitchen, and my father was a real estate broker. Today, I recognize the era––the 70’s––were … (0 comments)

mammoth foreclosures: I Want My Screaming Deal - 08/18/08 06:46 PM
 
Broker’s Report August18––The dog days of summer find Mammoth with two months of solid and quite impressive summer tourism in the books. That success (and maybe even another decent month to go) may be the difference between some Mammoth businesses making it to next winter or not. Except for a few days of lull after the Jazz Jubilee, Mammoth has been very busy since early June. And the visitors seem glad to be here. Not bad considering the country is in a serious tourism recession.
 
Okay, okay. How’s real estate doing? (Smart People Are Buying Now!!) Actually, some times … (0 comments)

 
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Paul Oster

Mammoth Lakes, CA

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RE/MAX of Mammoth

Address: P.O. Box 2618, 325 Old Mammoth Road, Mammoth Lakes, CA, 93546

Office Phone: (800) 934-3026

Cell Phone: (760) 914-0562

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Columns, comments and observations from Paul Oster, Broker/Owner of RE/MAX of Mammoth in the mountain resort community of Mammoth Lakes located in the Eastern Sierra Nevada of California. He has supervised over $1 Billion in Mammoth real estate transactions in the past 10 years.


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