Geez. That shack would go for around $30,000 where I live, if that much. I think my garage is bigger than that, and my entire home cost less than half of what that one was selling for and I even have 5 acres of land lol.
Geez. That shack would go for around $30,000 where I live, if that much. I think my garage is bigger than that, and my entire home cost less than half of what that one was selling for and I even have 5 acres of land lol.
Excerpts:
While the housing downturn has depressed once-thriving real estate markets around the nation, far-flung suburbs of major cities have suffered the most abrupt market correction. * * *
"It's been hard for sellers to comprehend, and I'm usually the bearer of bad news," said Mike Wagner, a real estate broker who works in Loudon.
"The news is: Your home is worth $100,000 less than it was a year and a half ago."
http://news.yahoo.com/s/nm/20070206/bs_nm/usa_economy_housing_dc;_ylt=As_GMBotUtOlh13kNoP0c6qyBhIF
Graphic proof of this trend is posted here:
Damn. We got a six-bedroom Victorian on a half-acre for literally 1/4th of what they were marketing that little house for!