holy depreciation, batman! - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

BarbaraGordon · 11-21-2008, 01:04 AM

http://www.forbes.com/feeds/ap/2008/...ap5724469.html

ute4ever · 11-21-2008, 01:17 AM

I have a friend in San Diego who was "blessed" to get into a foreclosed home 10 months ago, for $335K. Market value at the time was $410K. (The previous owner bought it in 2004 for $580K.) Wow, what a steal, they thought. What a blessing. Finally, a home in our salary range.

Today its market value is listed as what they paid, $335K.

BlueHair · 11-21-2008, 04:25 AM

Quote:

Originally Posted by ute4ever

I have a friend in San Diego who was "blessed" to get into a foreclosed home 10 months ago, for $335K. Market value at the time was $410K. (The previous owner bought it in 2004 for $580K.) Wow, what a steal, they thought. What a blessing. Finally, a home in our salary range.

Today its market value is listed as what they paid, $335K.

A home is only worth what it can be sold for.

11-21-2008, 01:04 AM	#1
BarbaraGordon Senior Member Join Date: Nov 2006 Location: Gotham City Posts: 7,157	holy depreciation, batman! http://www.forbes.com/feeds/ap/2008/...ap5724469.html

11-21-2008, 01:17 AM	#2
ute4ever I must not tell lies Join Date: Aug 2005 Posts: 5,103	I have a friend in San Diego who was "blessed" to get into a foreclosed home 10 months ago, for $335K. Market value at the time was $410K. (The previous owner bought it in 2004 for $580K.) Wow, what a steal, they thought. What a blessing. Finally, a home in our salary range. Today its market value is listed as what they paid, $335K.