Zeev's Turnips Patch-No Politics (ZEEV)

[Captain_Jack]

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.....