I am in a position to have to start looking in this market. I have been here many years and know the area well. Pricing is this area is still high. You here of the occasional deal here and there but no real deprecation. Pulte is selling brand new homes right now at 399,000 for a 1900 square foot home. I understadn that they are providing financing but this seems totally out of sync with the markets in other Boom towns. There are going to be massive foreclosures here for years to come. Rents do not reflect any of this. Please advise.
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FollowBefriend (8)55 threads2,466 comments Pleasanton, CAPremium
For all intensive purposes Pulte is bankrupt. They can thank their crafty accounting the last few years for them still being around. I mean real crafty. Dig into the company more before you touch a home from them.
FollowBefriend (1)65 threads1,209 comments
They are selling houses, but are they selling houses?