by LAO ➕follow (0) 💰tip ignore
http://www.redfin.com/CA/Woodland-Hills/4314-Canoga-Ave-91364/home/4217693
It was purchased in May 2006 for a bubble-price of $580K...
Then sold for $361K in Aug 2009...
Now it's a bank-owned REO as of Feb 1st, 2010.. asking price $325K?
So who would buy and sell less than a year later at a 40K loss?
http://www.redfin.com/CA/Woodland-Hills/4314-Canoga-Ave-91364/home/4217693
It was purchased in May 2006 for a bubble-price of $580K...
Then sold for $361K in Aug 2009...
Now it's a bank-owned REO as of Feb 1st, 2010.. asking price $325K?
So who would buy and sell less than a year later at a 40K loss?