Man are there upgrades: travertine floors, granite countertops, window casings, iron staircase, plush carpeting, crown mouldings, pre-wiring, all in all over 100k in upgrades. Thing is ready to occupy minus landscaping. They even offered to cover my closing costs and any penalties my landlord would impose for early termination of lease agreement. I said I’d take it for the advertised price but they wouldn’t budge from the 1.347 so I tore up the deposit check and left my business card. Some other sucker can take the lifetime of debt on a depreciating “asset”. I’ll come back to the table when these houses flood back onto the list of “available homes” for 20-40% off peak 2005 prices. I figure if they can’t move the increasing inventory of built/upgraded/ready to occupy homes from previous phases, how will they move the newer, more expensive skeleton homes in new releases? Any other thoughts you guys might have on Derby Hills? I say we all walk in at different times and put up low-ball offers to wake them up to the new realism of the deflating market…
rhino
