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Marble House — The Knife
Are the high-end homes in Irvine plated with marble? The asking prices would make you think so. Today’s featured property was purchased by a knife catcher at auction. No improvements have been done to the property — no marble — and now they want $260,000 for their efforts. Oh wait, they made no effort. They just want $260,000 just because. This is the kind of behavior that makes house prices unaffordable, and it is exactly the kind of behavior this market is going to crush out of existence.
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Original Source: feeds.feedburner.com
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3 July, 2008| housingblogs |
@ 12:30
