Okay, so they lowered their price to 75,000. That may reflect them rather than the real estate prices. Why so desperate to sell? Did they over-extend? Are they having troubles keeping up with mortgage payments? Have they fled the area to Colombia, and are selling it at fire-sale rates through an agent (and yes, I did see a house like this). Right now is a bad time to sell-- and if you can afford to wait it out until good times, the better for you. That's sort of how capitalism works; the people with capital can muster by through the bad times, and come out ahead later because they have a head start on the new boom. Not allowing the lower classes the chance to do this by means of discriminatory structuring is how the rich have gotten richer and the poor poorer over the past 30 years.
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timeasmymeasure
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Date: 2008-04-02 02:27 am (UTC)Right now is a bad time to sell-- and if you can afford to wait it out until good times, the better for you. That's sort of how capitalism works; the people with capital can muster by through the bad times, and come out ahead later because they have a head start on the new boom. Not allowing the lower classes the chance to do this by means of discriminatory structuring is how the rich have gotten richer and the poor poorer over the past 30 years.