CNNMoney recently listed ten great home buys from across America. Some of these look like they could be good deals, but be forewarned: many of these “deals” look like the typical McMansion that got us into this subprime mess in the first place.
I’ve created a table of the homes for sale, which you can enlarge by clicking on the thumbnail below:
I know my wife would kill for an extra bathroom, but do you really need 5 and a half? I guess if you have the money to burn, then $2.2 million is a bargain at a 12% savings. Call me a cheapskate, but I think you could probably do better sifting throught the foreclosure market for some real bargains.
Home prices in my area have dropped over 8% since this time last year, and 18% over the last three years. How have the prices in your area changed?
Follow me on Twitter: CorpBarbarian
Print This Post
|
|
|
|
|
 |
Related Posts -
A Month Without Coffee. Now What? Photo by Andreanna I think I've kicked my coffee habit. It's been a whole month since I enjoyed my last cup o' Joe. Based on the conventional wisdom that it takes three weeks to break a habit, I think I'm good to go. Yippee! What now? OK, so I...... -
25 Affordable U.S. Towns CNNMoney recently published a gallery of 25 affordable U.S. towns. You can read the original article here. The thing that they have in common: they are located in the middle of the country, and not even remotely near either coast. No surprise there. The gallery was nice to look at,...... -
Paid to Stay Home from Work? �eagan How would you like to get paid to stay home from work? If that sounds appealing, perhaps you should look into law school. Many law firms are asking their new hires to stay home - with pay! That's what's detailed in this CNNMoney article on Yahoo Finance. Sounds......
Related Websites -
Stocks vs. Real Estate May's Money Magazine tries to answer the Stocks vs. Real Estate question (see page 94). I had thought that real estate was going to come out the big winner. I know that real estate has been really popular of late, but I had it as the favorite due to the...... -
Sarasota Real Estate Faces Stiffer FHA Home Financing Rules! Sarasota real estate benefits from $8,000 tax "gift" and modest FHA financing guidelines. Soon, the rug will be pulled out from under house hunters not able to take action before change occurs. [/caption] Recent Sarasota housing numbers suggest optimism - encouraging news to beleaguered sellers, business owners & real estate...... -
The Mortgage Crisis and Investments in Real Estate According to regional and state real estate analysts, the factors which previously fueled the housing boom of the last few years are easy to explain. The factors that fueled this boom in the real instate industry ranged significantly, including: - Interest rates that were historically low. - Flight-Risk Safety Investments......
#1 by Peter at July 22nd, 2009
Some of those homes certainly do seem like a good deal. The Chanhassen, Minnesota one is only one city over from us. I think there are a lot more like that one that are still available.
Our city has seen a glut of similar homes to the ones in the story - a lot of them foreclosures from building companies that went under.
One 4 br 4 bath home in particular that we really liked in our neighborhood sold for $560,000 three years ago. Now the bank is selling it out of foreclosure for $360,000. I sure wish we had waited a couple of years - we could have bought that house for 200k less!
Peter´s last blog ..Having A Hard Time With Your Refinance Or Loan Modification Under The Making Homes Affordable Program? Join The Club.
#2 by enrique s at July 22nd, 2009
Peter,
We bought our home long before the current housing crash, and we’re planning on staying put. I don’t think that I could get my kids to move away from their friends, anyway.