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#1
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![]() mike maghakian wrote: sometimes people complain when I point out people paying real stupid prices for something on eBay. over the last few years I have been saying how stupid people have been for paying crazy prices for homes. I said they would be sorry in the end and it is starting to happen: this is from an MSN article on home sales: I recently sold a house in Rochester Hills," Waquad says. "It was purchased a year ago by the seller for $615,000 -- a newer house. He changed all the appliances, the carpets and painted. He never lived in it. He must have spent at least $20,000 to $30,000 fixing it. We got it for a buyer for $440,000." That's a perfect example of someone who was very late to the real estate buying mania prevalent in many major cities for the past 5 years. I'm sure he was one of the last who got into a bidding war that escalated many multiples over asking price. Unfortunately double digit inflation disappeared and he couldn't flip the house at a profit. There are many holders of over-priced real estate now. Good story, but it doesn't tie well to collector prices people are paying for radios on ebay. the point is that there are consequences to being a stupid buyer. I am just trying to get people to think before they throw away money. The consequences to paying $500.00 for a Sony CRF320 are far far different than the consequences of paying $750k for a house now worth $500k. |
#2
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#3
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#4
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ok ok...
regards a href=www.gamestotal.comfree/a a href=http://unificationwars.freewebspace.com/free games/a a href=http://unificationwars.0catch.com/online games/a |
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#6
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#7
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Talkng stupid in the U.S.AAAAAA.Hey,somebody could make a song out of
that. cuhulin |
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