Australia & ARM's
Heres a sneak preview into the California Real Estate market, circa 2007... Australia: Leading The Way .
"In June last year, a Sydney agent told a family that their home was worth $1.95 million. Nine months later, after reducing the price to $1.15 million, the home remains unsold. Last week the owners refused an offer of $870,000."
"Almost two years ago, in August 2003, a unit in Bondi sold at auction for $655,000. This month, the same unit was auctioned again. The highest offer was $540,000."
In other news: A recent Wall Street Report confirms the ARM payment analysis in More Fed Speak and OOPS!! .
If you really want a good laugh, these two listings had me on the floor, look at what $1 Million gets you in West Hollywood. And if that wasn't bad enough, I think this fixer near San Diego is just the ticket. It hasn't been lived in for 30 years, but it's cozzzy and has lots of potential. Uh-Uh, yeah sign me right up.
Thanks to Ben Jones @ The Housing Bubble for the links to these listings and articles. Home Loan Disaster Looms
"In June last year, a Sydney agent told a family that their home was worth $1.95 million. Nine months later, after reducing the price to $1.15 million, the home remains unsold. Last week the owners refused an offer of $870,000."
"Almost two years ago, in August 2003, a unit in Bondi sold at auction for $655,000. This month, the same unit was auctioned again. The highest offer was $540,000."
In other news: A recent Wall Street Report confirms the ARM payment analysis in More Fed Speak and OOPS!! .
If you really want a good laugh, these two listings had me on the floor, look at what $1 Million gets you in West Hollywood. And if that wasn't bad enough, I think this fixer near San Diego is just the ticket. It hasn't been lived in for 30 years, but it's cozzzy and has lots of potential. Uh-Uh, yeah sign me right up.
Thanks to Ben Jones @ The Housing Bubble for the links to these listings and articles. Home Loan Disaster Looms
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