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Lose 70K in 2 months!


               
2013 Aug 13, 3:37am   30,484 views  62 comments

by RentingForHalfTheCost   follow (2)  

If you bought this for the list price of 730K on June 27th, you would be out 70K now. Maybe more because even at 660K it probably won't move. Oh, but the real estate market is booming.

http://www.redfin.com/CA/Pleasanton/6118-Crater-Lake-Ct-94588/home/1168962

#housing

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1   RentingForHalfTheCost   @   2013 Aug 13, 3:40am  

Or, if you can't wait 2 months, you can lose 45K in 2 weeks with this one. Something for everyone with too much money to burn. Take your pick.

http://www.redfin.com/CA/Pleasanton/6315-Inglewood-Dr-94588/home/1919011

2   RentingForHalfTheCost   @   2013 Aug 13, 1:10pm  

RentingForHalfTheCost says

Or, if you can't wait 2 months, you can lose 45K in 2 weeks with this one. Something for everyone with too much money to burn. Take your pick.

http://www.redfin.com/CA/Pleasanton/6315-Inglewood-Dr-94588/home/1919011

Just dropped another 13K today. Falling house price - lookout below!

3   Bigsby   @   2013 Aug 13, 1:15pm  

Oh my, a short sale reduced in price and a price cut on a house where a sale fell through. Press the panic button. What do you reckon this time Darrell? 75%/85%/95% drop?

4   RentingForHalfTheCost   @   2013 Aug 13, 1:27pm  

Bigsby says

Oh my, a short sale reduced in price and a price cut on a house where a sale fell through. Press the panic button. What do you reckon this time Darrell? 75%/85%/95% drop?

Prices always go up, except when they don't I guess. I don't see it as a drop, rather a reversion to the mean. Many think the bubble prices are still sustainable. Even the fed. Good luck to that.

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