Thursday, December 29, 2005

UPDATE: 716 5th Street NE


The price was lowered on this property to 925K from 975K.

Original post.

Craigslist Post



Will it sell at the new price of 925K?

Nope.
Posted by David at 3:39 AM

7 comments:

  1. AnonymousDecember 29, 2005 8:35 AM

    Instead of accepting a crazy mortgage, think your way out of the bad situation. Live where it's cheaper. I've been thinking this for a while. According to this article in Usatoday, I'm not the only one ;)

    http://www.usatoday.com/news/nation/2005-12-28-young-moving_x.htm

    ReplyDelete
  2. AnonymousDecember 29, 2005 8:46 AM

    These small reductions off ridiculous asking prices seem to be the first stage of real estate denial.

    The next stage will probably involve kicking and screaming, and "it's not fair!" LOL. Oh but it is.

    Anecdotally, from Ben Jones' blog, it sounds like a lot of would be sellers are putting their houses up for rent when they can't get close to their asking price. We'll see how long that lasts.

    ReplyDelete
  3. DavidDecember 29, 2005 9:33 AM

    Tom,

    Thanks for the link. More pressure on the bubble markets.

    David

    ReplyDelete
  4. AnonymousDecember 29, 2005 11:49 AM

    love the top hat. LMAO!

    ReplyDelete
  5. DavidDecember 29, 2005 1:22 PM

    anon,

    Maybe there is a bubble under his top hat. :-)

    ReplyDelete
  6. AnonymousDecember 29, 2005 7:13 PM

    OMG "Human greed" is a commodity so common that it can be found outside Vancouver, British Columbia, Canada.
    We have mold-infested houses in the worst part of East Vancouver flipping from original price range of C$250k/C$375k to C$500k/C$1M in less than a year.

    ReplyDelete
  7. AnonymousDecember 31, 2005 5:05 PM

    Glad to hear it Vancouver! The bigger the greed, the farther the fall. Myself, I'm waiting for Seattle/Bellingham to get creamed. So any news of NW Pacific outrageousness is all good news for me! Thanks for making my day!

    ReplyDelete

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