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Big Incentives in Lieu of Big Price Drops!!!

EconEEconE
edited October 2007 in Seattle Real Estate
2006 MBZ CLS 550 AMG w/ Cosmopolitan 2BR

http://redfin.com/stingray/do/printable ... id=1174408

Aren't the 2008 models out yet? :lol:

Comments

  • femtofemto
    At $840/square foot you think they could afford to throw in a Maybach! Mercedes is popular with real estate agents, I wonder if this unit is owned by an agent who's in over their head on their car lease?

    I suggested a couple months ago that the Cosmo seems like the building that's going to mark the turning point in the downtown "high end" condo market--I know 2200's got plenty of empties too and it's hard to say what would have happened at 2200 if Cosmo hadn't been built, but perhaps the two of them can share the title of "bubble popper". (Though I suppose with hindsight we may realize it was the Meridian that was already one building too many?). When I look out my window at the half dozen tower cranes erecting even more of these things (plus there's a half dozen more I can't quite see) I get the uneasy feeling that the endgame for this particular piece of the bubble is going to be very ugly.
  • EconEEconE
    Matt over at Urbnlivn.com has a post up about this condo. For some reason I can post on his other threads but not this one.

    Hmmmm....strange.

    All I wanted to say is that the condo was originally reduced from 1.1m to 999k a few months back. Now it is re-listed 100k higher with the addition of the Benz.
  • deejayohdeejayoh
    EconE wrote:
    Matt over at Urbnlivn.com has a post up about this condo. For some reason I can post on his other threads but not this one.

    Hmmmm....strange.

    All I wanted to say is that the condo was originally reduced from 1.1m to 999k a few months back. Now it is re-listed 100k higher with the addition of the Benz.

    Nice. an opportunity to pay $100k for a used MBZ that goes for about $50k on eBay. Oh, and you get to pay for it for 30 years.

    LOL
  • AlanAlan
    I wonder if they would be willing to include some gold bullion as an incentive instead of lowering the price.
  • rose-colored-coolaidrose-colored-coolaid
    Alan wrote:
    I wonder if they would be willing to include some gold bullion as an incentive instead of lowering the price.

    Hmmm, not a terrible idea. Let's see.

    1) Buy home worth $500k for one million dollars, taking half in the form of bullion.
    2) Watch as the dollar tanks and gold goes above $2000 an ounce.
    3) Cash in half your gold to pay off the house.
    4) Profit.
  • AlanAlan
    Better yet. Put down earnest money and get a guarantee on number of ounces of gold to get with the sale. If gold drops then back out of the offer and lose your earnest money. If gold rises then you sort of got a discount on the house.
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