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April 10, 2006
Overvalued Real Estate
We scan the blogosphere so you don't have to.
Check out a great little blog called America's Overvalued Real Estate. The top item right now is about a 299-square-foot house (right) that's on the market in Los Angeles for $200,000.
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Falling out of my chair laughing!
Posted by: bill at April 10, 2006 10:39 PM
I'm sure some Lemming will buy it, because it seems like there are plenty to go around!
Posted by: Lemming at April 11, 2006 12:26 PM
Bargin...I know very little about this market but can see that this price is ridiculous!
Scary thing is there is a buyer for everything.
Posted by: Nubricks at April 11, 2006 04:42 PM
Is that a special upper deck burial grave! Cause as I see it, only a coffin can fit in there!
Posted by: AG at April 12, 2006 09:24 PM
People are not buying houses because they just simply cannot afford it!!! A home is not an investment. It's a place to live and I would rather pay rent and save my money to go on vacations than buy a piece of crap like this one. I think we should all boycott the real estate market:-)
Posted by: wendy at April 16, 2006 07:29 PM
The craziest part is that there is more where that came from! A New York Times article just found that the top 11 most unaffordable markets are in California, with New York City at #12. Is Salinas, CA really a hotter place to buy real estate than New York City?
Posted by: Milan Cole at May 8, 2006 09:02 PM
The real news story here is that this blog and a few other housing bubble blogs have been hijacked by some fearful Realtor(R)! Check it out!
Posted by: Bryce Mason at June 5, 2006 11:59 AM
I noticed that hijacking -- how did that happen?!?
Posted by: Rufus at June 6, 2006 10:09 PM
I think that the realtor for this storage shed[I recently purchased one in Sutherlands Building supply of like proportions for 879$,nails included] meant to say 200,000 PESOS,which roughly translates to 20,000 Dollars.
Posted by: james at August 23, 2006 05:08 PM