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

To: MulhollandDrive who wrote (79585)	6/15/2007 12:14:55 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

'take the money and run' Absolutely. My neighbor has had her house for sale a year. Second listing just expired. She had moved to Vegas but furniture still in place and she comes back to town every few months. I think she rents out a room maybe covers part of the operating cost. Just keeping the grass cut, water, power, taxes, insurance plus your mortgage costs a fortune. She lost her homestead exemption so pays another $6k a year additional RE taxes now plus the value keeps slowly falling each month. I told here a year ago to keep dropping the price each month at least $10k until you sell it. She finally started dropping but it was too late..