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Old 08-02-2011, 05:09 PM
 
1,374 posts, read 2,435,920 times
Reputation: 789

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My sympathy to the fla couple. They must have spent a lot of time and energy on this ordeal.
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Old 08-03-2011, 12:10 AM
 
2,724 posts, read 4,764,554 times
Reputation: 1042
Looked at a house today. $9.00 a sq/ft.
Less than zero on the horizon.
Beware.
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Old 08-03-2011, 12:33 AM
 
Location: Sunrise
10,864 posts, read 16,996,765 times
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$9/sqft?

What sort of shape was it in?
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Old 08-03-2011, 01:11 AM
 
3,598 posts, read 4,949,986 times
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LOL... do houses at $9/ft. actually have a shape? I'm imagining a collapsed trapezoid or something ;-)
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Old 08-03-2011, 02:50 AM
 
2,724 posts, read 4,764,554 times
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Quote:
Originally Posted by logline View Post
LOL... do houses at $9/ft. actually have a shape? I'm imagining a collapsed trapezoid or something ;-)
You'll eat a $1 shrimp cocktail but you won't live in a $9 house?
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Old 08-03-2011, 02:54 AM
 
Location: Here and there, you decide.
12,908 posts, read 27,998,514 times
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they have several in cleveland for less than than.... horrible area, horrible house......you get what you pay for.
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Old 08-03-2011, 10:20 AM
 
3,598 posts, read 4,949,986 times
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Quote:
Originally Posted by eventusstultorummagister View Post
You'll eat a $1 shrimp cocktail but you won't live in a $9 house?
Yeah, I'm snobby that way. Go figure.
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Old 08-04-2011, 02:29 PM
 
Location: Paranoid State
13,044 posts, read 13,869,992 times
Reputation: 15839
Article in Business Week titled "Foreclosure Hits Las Vegas's High End"

Foreclosure Hits Las Vegas's High End - BusinessWeek
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Old 08-04-2011, 03:09 PM
 
Location: ( ͡° ͜ʖ ͡°) (╯°□°)╯︵ ┻━┻ ̡
7,112 posts, read 13,159,384 times
Reputation: 3900
Quote:
Originally Posted by SportyandMisty View Post
Article in Business Week titled "Foreclosure Hits Las Vegas's High End"

Foreclosure Hits Las Vegas's High End - BusinessWeek
About 20 percent of Las Vegas homeowners seeking short sales owe at least $750,000, according to Jamie Cogburn, a Las Vegas plaintiff's attorney who says he has handled 350 such sales and is working on 200 more. One of his clients is a doctor with a home now valued at about half its $1 million mortgage. The doctor earns enough to save for a 20 percent down payment on his next home within a few months at current prices, he says. "People with a higher income can go buy another house," Cogburn says. "You've got to cut your losses at some point, just like with a stock."

Its wrong but it seems like the smart thing to do.
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Old 08-04-2011, 03:19 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 38,208,368 times
Reputation: 2661
Quote:
Originally Posted by SportyandMisty View Post
Article in Business Week titled "Foreclosure Hits Las Vegas's High End"

Foreclosure Hits Las Vegas's High End - BusinessWeek
Well in the MLS last year 141 sold over 1 milion. 23 were short and 20 were REO.

Actively for sale over a million are 329. 18 are shorts and 11 are REO.

Tax shows about 222 sales over a million in the last year with 24 REOs.

Sounds to me like some impact but not a lot.

The REOs are loaded with homes built in the mid 2000s.
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