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Check out this guy that thought he got a great bargain buying a REO in June, purchase price was $597,000 for a 1,931 sqft detached condo
Now check this one out, just a 3-5 minutes’ walk away:
16823 SAINTSBURY GLEN, SD – Rancho Bernardo, CA 92127 –1,858 sqft detached condo –asking price: $500,000.
when I featured the story a same exact model came on the market for $550,000. that one is still on sale with no takers. now we have this.
that’s $100,000 equity loss within 3 months.
don’t catch that falling knife folks!!