It’s now "buy one get one free" for homes in Florida. And that’s probably STILL not even close to what these units will end up going for

One thing about these firesales? The comps will be destroyed for years and years to come. One bad thing? Anyone who “owns” a house in the area now has a new comp.And just because it seems like a good deal today (comparing against the bubble high) doesn’t mean it’s a good deal. Just ask the buyers of pets.com stock as it headed down.Thanks Eric for the link..
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Original Source

  25 March, 2008| housingblogs | @ 10:32

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