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Realistbear

Great Crash 2 Continues To Lay Florida Property To Waste

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http://www.winknews.com/news/local/7896352...oney.com/RENEWS

Townhomes a steal in Fort Myers
By WINK News
Fort Myers - You're not going to believe what some brand new townhomes went for on the auction block Thursday night in Fort Myers, considering where prices have been. A three bedroom townhome previously priced at $310,000 sold for about $180,000! First time home buyer Brandon Quarterman, a student at Florida Gulf Coast University, was the lucky bidder. He said, 'I'm feeling great. more money in my pocket!"

And their bubble was nowhere near as bad as ours. :o:o:o

California seeing 10% + down:

http://sacramento.bizjournals.com/sacramen...04/daily53.html

The area's median-home price -- meaning half the homes sold for more, the other for less -- dropped 10.5 percent to $409,990, from $457,950 a year ago. California's median-home price fell 6.2 percent to $431,450, from $459,950.
Edited by Realistbear

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http://www.winknews.com/news/local/7896352...oney.com/RENEWS
Townhomes a steal in Fort Myers
By WINK News
Fort Myers - You're not going to believe what some brand new townhomes went for on the auction block Thursday night in Fort Myers, considering where prices have been. A three bedroom townhome previously priced at $310,000 sold for about $180,000! First time home buyer Brandon Quarterman, a student at Florida Gulf Coast University, was the lucky bidder. He said, 'I'm feeling great. more money in my pocket!"

And their bubble was nowhere near as bad as ours. :o:o:o

California seeing 10% + down:

http://sacramento.bizjournals.com/sacramen...04/daily53.html

The area's median-home price -- meaning half the homes sold for more, the other for less -- dropped 10.5 percent to $409,990, from $457,950 a year ago. California's median-home price fell 6.2 percent to $431,450, from $459,950.

The video below is even funnier. The overjoyed people getting 150K reduction and the pissed off people who paid full whack 300K a few months earlier.

http://www.winknews.com/news/local/7896352...deo=YHI&t=a

A typical scenario when the last buyer switches off the light, just shows anything is possible when someone is desperate to sell and no one willing to buy. Makes me think 20% is too generous to shave off an asking price. This should be sent to every potential FTB (mind you this is a dying breed most are priced out of the market until......)

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The video below is even funnier. The overjoyed people getting 150K reduction and the pissed off people who paid full whack 300K a few months earlier.

http://www.winknews.com/news/local/7896352...deo=YHI&t=a

A typical scenario when the last buyer switches off the light, just shows anything is possible when someone is desperate to sell and no one willing to buy. Makes me think 20% is too generous to shave off an asking price. This should be sent to every potential FTB (mind you this is a dying breed most are priced out of the market until......)

a 3 bedroom detached house in florida for 90,000 ukp (when they used to be 150,000 ukp), average salary in the states is 30,000 ukp, all because of massive over supply.

How much for a house with a pool near orlando? could be a good holiday home/investment....

Edited by moosetea

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