Quarter of a million dollars for an apartment?? And so far inland!!! What were these people smoking? This is proof of how crazy things got during the now defunct bubble.

The $50K loss in an understatement, as the POS will likely sell for less than the new $192K asking price, not to mention carrying costs and 6% sales comission.

From Zillow: It’s a 1/1, 688 sf, built in 1974. What a joke. Probably it can be rented for no more than $1100, which tells me that its true value can’t be much more than $130K.