[quote=garysears]I agree with CA renter. I’m tired of hearing how REO’s are “deeply discounted”. They are actually the market. If they were worth more, people would be paying more.[/quote]
A well known San Diego real estate broker was quoted in the Union/Tribune saying the same thing about how foreclosures are deeply discounted. This guy went one step further and proclaimed that once all the foreclosures are off the market prices will rebound back to their previously high levels. Either this guy gets paid to spew this garbage, or he’s just an idiot.
