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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (15430)12/13/2003 12:08:20 AM
From: BWACRead Replies (1) of 306849
 
blowingrockproperties.com

10 acres mountain side, $800k. Oh by the way, Wachovia has loaned out $1.5 Million to the developer it seems. Banks going to own a lot of property one day soon. Famous last words of the realtor "I'll sell every lot before the end of Fall leaf season". Total sales 0. Loan interest ticking.

PS. I'll give a 50% discount to anybody who wants to buy similar, one ridge over or the top of the $800k ridge. You can look down on all the $800k lots.
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