survey from the univ of Florida:click
speculators:click
how much time do you have?
click
New home sales drop:click yawn.
we like the part from the seeking alpha article that says new mcmansions in urban areas are not worth keeping even at the cost of 1 dollar. they were/are only good for the speculators who choose or didnt to exercise their buy option.
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this blog is strictly for entertainment purposes only. We are not real estate professionals, only casual observers. Any information within should not be construed or relied upon as true fact or advice . The owners/bloggers /contributors of this website specifically disclaim all warranties, express, implied or statutory, regarding the accuracy, timeliness, and/or completeness of the information contained herein.
Not for profit:
All ad fees wll be donated to http://www.cheetahexperience.com. In less than 10 years they will be gone. Cheetahs are the only big cat that purr's and the only big cat that can be trusted in a professional setting. We are their biggest fan. And yes, I am just another crazy cat lady. !!
Not for profit:
All ad fees wll be donated to http://www.cheetahexperience.com. In less than 10 years they will be gone. Cheetahs are the only big cat that purr's and the only big cat that can be trusted in a professional setting. We are their biggest fan. And yes, I am just another crazy cat lady. !!
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1 comment:
Speaking of McMansions the carnage continues unabated.
ON MLS: M1294176 as of 14 hours ago asking $375K
Purchased: 7/2006 for $800K
http://www.bcpa.net/RecInfo.asp?URL_Folio=514031021630
That is 53% ($425K) loss from the price paid brand new from the builder.
How are the adjacent homes affected by this $375K asking price.
Purchased: 8/2006 for $999,500.00
Purchased 9/2006 for $899,400.00
Oh my!
2500 sq ft Max.
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