May 23, 2008

Read this tale of screwed housing gamblers in Florida over at the "Real Estate and Housing Outlook" insider blog

"They wanted to know how they could pay $19M for something only worth $7M. They were sure the Baby Boomers were coming and would buy up everything"

Real Estate and Housing Outlook Blog, May 2008

(Read the whole post here...)


Anonymous said...

Rich guys losing everything - lOVE IT!

Anonymous said...

No surprise... People have been brain washed into thinking that most Boomers are rich.

Stuck in So Pa said...

God, it's great to see that the "stupid" gene can be passed on to anybody!

Anonymous said...


worth $7 million *today*

worth $4 million in 18-24 months

unsaleable in 4 years.