DISQUS

Blown Mortgage: In San Diego homes are buy one, get one free

  • Eric · 1 year ago
    I saw a similar sign when i was in lakeland, Florida last December. Click below:

    http://marketprognosticator.blogspot.com/2008/0...


    I posted the picture. It turns out when I called them it was more of a marketing trick - tthey were offering a Mother-Daughter special and were calling it two houses.
  • Alex · 1 year ago
    * Promo ends May 31, 2008.

    When was it posted?
  • morganb · 1 year ago
    I'm not sure when it was posted - check the LA Land blog for the details.
  • Jon · 1 year ago
    A free house sure beats a flat screen TV or a granite upgrade. Talk about a "Blue Light Special"!
  • morganb · 1 year ago
    I know some are giving away Prius cars for buying 'green' homes. Seems like
    a car is a rip off compared to another home!
  • bill_lyons · 1 year ago
    Wow! You could put aunt edna in the house next door. This is perfect if you have a little WT in ya or want to upgrade from the trailer park!
  • Ricardo Bueno · 1 year ago
    All I can say is "wow!" I didn't think I'd ever see the "buy one, get one free" ad in Real Estate.
  • morganb · 1 year ago
    it is quite an eye opener!
  • Don · 1 year ago
    Being in San Diego, I'm not suprised. I think 40 percent of everything on the market here is a short sale or a foreclosure.

    I think you'll see the bottom here in the next 10 months, then it will be flat for a while.
  • Charles · 1 year ago
    Just saw this on Digg yesterday. Unbelievable. Guess some builders are upping their game.
  • LeadCritic · 1 year ago
    How would the loan go down on this deal? Would you be able to spread it across both houses? Would they be totally separate? Would you be able to purchase and then cash out to help pay the $1.6m?
  • morganb · 1 year ago
    interesting - take a big loan on the first, pull some equity out of the
    unencumbered second property. put option arms on both of them... :)