Comments on: Real Homes of Genius: 675 square foot home in Lynwood California at $425,000?!

By: Dr Housing Bubble

Dr Housing Bubble — Wed, 24 Jan 2007 19:30:00 +0000

Adviser:

Maybe one of our readers will call up his local mortgage broker and get that funded with a 570 FICO. 1.9 million euros is too low for our readership so you may have a hard time marketing here. If the Grand villa was 2.5 million euros then we’d be talking…

By: adviser

adviser — Wed, 24 Jan 2007 17:40:00 +0000

Grand villa in Bucharest centre can buy them for 1,900,000 euros. Several real estates and properties in Romania to selling. Kontakt-me: EU-Capital@web.de

By: Dr Housing Bubble

Dr Housing Bubble — Tue, 23 Jan 2007 06:16:00 +0000

crash landers:

REOs should start hitting the market in large number in Q3 of 2007. I’d be curious regarding your example. Again, my take is that investors are not buying these places but folks getting squeezed into exotic financing (i.e., 2/28 loans etc).

I’m sure we’ll have plenty of examples to discuss in the upcoming months!

By: Crash Landers

Crash Landers — Mon, 22 Jan 2007 22:29:00 +0000

Shocking I tell you!

Great site.

I will post a link to your site on mine, I'm focusing on LA County as well. I have a 'gem' in Arleta that recently sold as and REO for over 400, they really can get these prices! even today! but the downtrend is in motion.

realestatehaircuts.blogspot.com

By: Dr Housing Bubble

Dr Housing Bubble — Mon, 22 Jan 2007 18:48:00 +0000

Why not ask $600,000 while they are at it? I mean this is like Let’s Make a Deal retard edition. The price range from one end to another is astounding. Keep in mind this place would rent for $900 to $1000 a month.

Any housinghead, what is your justification for ridiculous homes like this?