Condo auction ends abruptly due to low bids

[Notorious A.R.T.]

"Bobby Wells purchased the only penthouse to sell. He picked up the three-bedroom, three and one-half bathroom condo on the 23rd floor for $320,000, nearly one-third of the original asking price."

WOW!
"80k was the last straw."

Truly, amazing how much prices are falling. Mark to market is alive in condo world.

http://globaleconomicanalysis.blogspot. ... o-low.html