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Old 11-19-2008, 10:30 AM
Waiting to pick up the pieces from the crash
 
Join Date: Oct 2006
Location: Key Largo
6,278 posts, read 5,511,776 times
Reputation: 2061
tallrick has a reputation beyond repute
tallrick has a reputation beyond reputetallrick has a reputation beyond reputetallrick has a reputation beyond reputetallrick has a reputation beyond reputetallrick has a reputation beyond reputetallrick has a reputation beyond repute
Default Foreclosure under the influence of?

This is a message for would-be investors. Beware of "foreclosures" in Miami-Dade county. One is "for sale" by one of those foreclosure outfits. The asking price of over 200K seems even higher when you realize that a friend bought a home next door for a whopping 89K. And this is in the city of Homestead, the toilet of south Dade. Are these people nuts? Put down the crack pipe and take a good, hard look at how overvalued Miami-Dade county is. The number one employer, government is even cutting back. Welcome to the future Detroit where you can purchase a home for just a few thousand dollars.
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Old 11-19-2008, 01:11 PM
Humanitarian Vigilante
 
Join Date: Jan 2008
Location: Broward County
2,090 posts, read 1,801,337 times
Reputation: 582
heydade is a name known to allheydade is a name known to allheydade is a name known to allheydade is a name known to allheydade is a name known to allheydade is a name known to allheydade is a name known to allheydade is a name known to allheydade is a name known to allheydade is a name known to allheydade is a name known to all
yes...prices continue to drop DRASTICALLY. I suggest everyone to hold off on buying that home.....we have not hit bottom and things are going to get dirt cheap due to the economy and job markets. If you do make an offer...make it for 50K less than the asking...that is what I am going to do this weekend !
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Old 11-19-2008, 01:34 PM
Not a member
 
Join Date: Apr 2006
673 posts, read 351,135 times
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jbravo has a spectacular aura aboutjbravo has a spectacular aura aboutjbravo has a spectacular aura aboutjbravo has a spectacular aura aboutjbravo has a spectacular aura about
Good post Tallrick.
Still, if any are greedy enough to buy a "foreclosure" in Homestead in this market, they deserve everything they get.
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