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Captain_Jack

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Captain_Jack

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Re: augieboo post# 106616

Monday, 05/12/2003 7:57:53 AM

Monday, May 12, 2003 7:57:53 AM

Post# of 704019
augieboo-- Rolled on the floor this weekend after seeing a CA couple pay $400K for a house that would not hit $70K in OH. The cosmetics were in place for $65K - $70K but it would not be sold in present condition due to difficulty in getting a loan. As a 'fixer upper' a RE investor may have dropped $50K - $55K to be used as a rental after repairs were made. With the problems it had no realtor would touch it & the couple thought they found a bargain. The condition it was in would have a landlord fined in many areas of the country. Anyone thinking the tech bubble saw $$$ disappear will get a real eye opener when CA drops into the Pacific one day.....
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