The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SouthFloridaGuy who wrote (21927)	7/4/2004 2:26:14 AM
From: Elroy Jetson	Read Replies (1) of 306849

I went to the house-warming dinner party last night of a soon to be disaster scene. Newly purchased 2 bedroom / 2 bath condo in Beverly Hills for $691k. Purchased with two bridge loans because they can't afford this until they sell their current condo in Hollywood. Their larger Hollywood condo was listed two months ago at $675k (equal to previous comparable sales), now reduced to $645, yet only shown to two potential buyers. After this weekend it will be reduced to $615k. I was surprised to see the new condo furnished with all new furniture, retaining only a few of the original pieces. Of course there are two late-model leased cars in the picture. The Mother is an experienced real estate investor and is worried for her daughter, very worried. Of course the daughter and her husband don't have a care in the world - yet.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next