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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (63421)10/7/2006 10:58:59 AM
From: Travis_BickleRead Replies (1) | Respond to of 306849
 
Owner paid $419 for it, no way out except to give it back to the bank. South Florida townhouses are toxic waste now.



To: Tradelite who wrote (63421)10/7/2006 11:02:08 AM
From: Dale BakerRespond to of 306849
 
We put a right of first refusal clause to buy in our lease, in case we find we love the house and prices dip to a point we find attractive. No obligation, unlike the lease to buy deals we came across, which didn't seem to be an option but rather a commitment. Though that was just one or two examples I saw at open houses.



To: Tradelite who wrote (63421)10/7/2006 11:04:44 AM
From: Pogeu MahoneRespond to of 306849
 
He is in the business and would not dream of going underwater from the go.
This condo devolopment will have to be reduced by 50% before resales will start moving. <NFG>
In 1991 we bought property in Boston for 20cents on the dollar! Then sold retail,60-75cents on dollar.
Only buy at auction now,then sell retail.
It worked in early 90`s and will work for the next few years.
good luck


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