New homes go straight to auction outside the bay area.

[gettohomes]

[hamsterdeposit]

[Ouch!]

Here's the follow up story with the auction results:


"I'm feeling my worst fears right now," said Cantrell, who estimated that the auction devalued his neighbors' homes by roughly $200,000 each compared with what many of them paid a year ago. "I lost a quarter million dollars in value. I'm screwed."

[redmondjp]

If they were smart, they would take a copy of the article and run, RUN I say, down to their local assessor's office and demand, INSIST I say, that their assessed values be reduced.

Gotta make lemonade with those lemons, no?

[rose-colored-coolaid]

So a 38% plummet in price in only a year according to the article. I know this is just one example, and hardly a trend. But...why is now the perfect time to buy again?

[The Tim]

[Ubersalad]

[perfectfire]

[Ubersalad]

[rose-colored-coolaid]

[Lake Hills Renter]