That’s true. Maybe Super Jannae really is the lynchpin in some market manipulation in those neighborhoods, too.

There’s just not enough information on those blog entries for me to make the assumption one way or the other about these sales. I think the buyers are being dumb from a financial perspective, but that doesn’t make these crooked deals. I guess if I looked around I could have an opinion but as of right now the use of 2001 sale prices as an indication that these are far overpriced in 2007 just doesn’t do it for me.

There are enough real problems out there to go chasing inconclusive scenarios.