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Uploaded by on Sep 13, 2009

1,400sf of heaven, built in 1960 and last sold in October 2005 for $430,000, and yes of course financed 100%, and cash-out refinanced in 2006, resulting in negative skin in game. Now listed for $144,900 and 30+ offers received, and my all-cash $168,000 didn't sound close. Sold for $148,000 in 11/99.

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  • I'm sure glad I got myself a good education otherwise I'd still be living in a shit hole community like this one. Now I'm living in Aviara, in my PAID for McMansion, with a few bucks to spare .

  • 500k in 2005 wow

  • Shoulda scraped it and just sold the land for $150.

    Land should be sold to the people who need a place to live, not the landlords who want a place to rent.

    Fat chance, I know.

  • Real estate has hit bottom. Time to pay the fools premium. Easy 200K

  • It probably is worth $148,000 really.

  • Today's RE Investors are tomorrow's paupers.

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