$500K homes now selling for $200,000 – and what is wrong with that?

$500K homes now selling for $200,000 – CNN.com.

And?

That means they were overpriced by $300,000.

Simple as that really.

Mary Ann Lepley, her husband, Derrick, and their 2-year-old daughter, Melody, have been in their 3,000 square-foot home here for about three months. They bought it for about $250,000. Just two years ago, amid California’s housing boom, the same house sold for nearly $550,000.

Bargain!

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About Bolshy

Blogging in the ether to see if that elusive literary agent or publisher wants some new talent.
This entry was posted in Blah!, Comment, Economy, Money, Personal Opinion, Politics, United States of America. Bookmark the permalink.

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