Monday, July 20, 2009

Lessons

from the housing bubble;cclick here

Flippers:click here

Shiller and subprime:click here

Out of woods; click here

when credit isn't enough:click here

1 comments:

Anonymous said...

Tract home McMansion of the day. Same MO, paid way too much now Mr Deutsche owns it as of 7/7/2009.

Purchased: 12/2006 for $869K

http://www.bcpa.net/RecInfo.asp?URL_Folio=514031022060

We consistantly see 50% off on the foreclosures so assuming a bank asking price of $435K, how does that affect the ajacent properties.

Purchased: 11/2006 for $1,037,100.00 (yes, that is correct, over 1 million)

Purchased: 12/2006 for $935,400.00

Ouch!

2500 sq ft Max.