Businessweek Archives

That house is a steal...


There is No Bubble |

Main

| Foreclosures on the rise

August 25, 2005

That house is a steal...

Dean Foust

In a housing boom, everyone's favorite parlor game is trying to figure out how much their house is worth this week. My wife loves to drive around and pull the fliers out of the “info boxes” in front of homes for sale. I also have neighbors who love to spend Sundays going to the open houses held by sellers just for comparison’s sake – to see what the seller is asking, and how their house stacks up. At the same time, you can even surf the home listing sites on the Internet and do “virtual tours” of homes on the market.

But this interesting article in the San Francisco Chronicle points out that there may be a downside to the degree to which sellers are opening their homes, be it to foot traffic--and particularly to Internet surfers: Theft. The author argues that Internet surfers can zoom around listings of million dollar homes to see how much expensive artwork they’re hanging on the walls and to see how secure the house is. Interesting read…

03:41 PM

Real Estate Culture

TrackBack URL for this entry:

http://blogs.businessweek.com/mt/mt-tb.cgi/


China's Killer Profits
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus