"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...)
May 23, 2008
Read this tale of screwed housing gamblers in Florida over at the "Real Estate and Housing Outlook" insider blog
Subscribe to:
Post Comments (Atom)
4 comments:
Rich guys losing everything - lOVE IT!
No surprise... People have been brain washed into thinking that most Boomers are rich.
God, it's great to see that the "stupid" gene can be passed on to anybody!
Correction.
worth $7 million *today*
worth $4 million in 18-24 months
unsaleable in 4 years.
Post a Comment