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The "I really miss 'America's Overvalued Real Estate'" thread


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2006 Jul 5, 6:36am   31,223 views  377 comments

by HARM   ➕follow (0)   💰tip   ignore  

As many of you know, we recently had a casualty in our extended bubble-battling blog family. Sadly, it looks as though the founder of one of my personal favorites, "'America's Overvalued Real Estate", has sold out to the highest bidder --a commercial RE company :-(. (Note: previous rumors to the effect that the site had been hijacked/sabotaged by the NAR have proven to be unfounded.) As Different Sean might say, "there's the perfect free market at work again." ;-)

This site --an instant classic-- hosted hundreds of examples of absurdly overpriced wrecks sent in from all over the U.S. and Canada, along with the satiric and often hilarious commentary from the blogmaster. It was wonderfully cathartic and priceless for its comic relief and real-life illustrations of how unhinged sellers have become, thanks to our Fed & GSE-blown liquidity bubble. I spent many a Friday afternoon perusing the latest submissions, often reading them aloud to Mrs. HARM. Truly fun for the whole family.

In honor of this fallen giant, I dedicate this thread as a tribute to A.O.R.E. Please post local examples --with photos and/or MLS links if you have then-- of the most outrageously overpriced $hitboxes in your local neighborhoods. International submissions are also welcome. I shall kick things off by re-posting one of the most egregrious and well publicized examples from last year -- the infamous $1.2 million shack from "Naked City", Las Vegas:

naked greed

Post & enjoy...
HARM

#housing

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375   Michael Holliday   2006 Jul 7, 11:36pm  

Red Whine Says:

"When I was a poor college student in San Jose, I used to buy Maruchan Ramen when they were 10 for a dollar — there must have been 30 different flavors..."

Ha, ha! Been there, done that.

When I was up at Northern Arizona University working on my MBA,
I'd get 10 packets of ramen for a buck also.

I used to add Cajun spicing, vegetables, and Safeway Select brand sausage and make a sort of gumbo-ramen soup that was pretty good.

376   Peter P   2006 Jul 8, 3:53pm  

Fresh wasabi tastes really good. Few restaurants have it. And usually you have to ask for it.

For raw fish, I do not usually mix wasabi with soy sauce. P put some wasabi directly on the fish and then dip it in soy sauce. It tastes different! :)

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