FLORIDA HOUSING CRASH 50% OFF
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2009 was the crash
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Aaaaaand the rest of the state would soon follow.
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Defective Chinese drywall, too.
From Zillow:
This is a Short Sale subject to existing lender's approval which could result in delays. THIS IS A SHORT SALE. SUBJECT TO LENDER'S APPROVAL. THERE ARE TIME CONSTRAINTS. Evidence of Chinese/Defective Drywall exists. Great Townhouse in San Simeon
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What are the odds the guy 0:49 that seemed to believe he bought a 315k condo for 185k is still paying that mortgage today?
Hopefully there were many cash buyers at that auction, so they weren't able to wiggle out of paying their mortgage since prices have continued collapsing.
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To the idiot at 1:34 ... the "market value" can and obviously now is much lower than any particular price you paid.
DUH!
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They promised them what? Lady, nobody can promise that they are capable of defying economic physics. Geez...
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it's all because we bailed out the jewish banks
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@TheCashistrash Yes, they are selling for $58,000 on realtor(dot)com. I still would hold off on buying because the price will continue to fall.
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@dragasoni the houses that were selling for 300k dollars are now selling for 58k are you sure? if that is true the houses are sure starting to become a bargain. My hunch is don't buy anything till 2012 that is when the worst of the housing bubble is over. prices in austin, texas have dropped about 20% since the collapse of 2008 im expecting about another 5-10% before its all over.
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I just did a search on Realtor.com, and these homes are now going for $58,000! Just look up this address: 3974 Cherrybrook Lp Fort Myers, FL 33966
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They did not go below the market value stupid lady. That 150K is the market value.
Anothercoilgun 3 years ago 11
Gotta love the idiot blond trying to suggest that the "market value" is not being followed....
UTRLLD 2 years ago 5