June 13, 2007
Condo appraised for $310,000, sold for $185,000.
Recent buyers screwed and outraged.
50% off firesale.
Yup, this is what a housing crash looks like.
Homedebtors, lesson #1 in a housing crash: You'll always lose to the builders.
Lesson #2: You should have listened to HousingPANIC.