This for sale unit was price cut another $30,000 today. This moves the loss up to $54,600.
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First known loss at Crown Bay. This building is a midrise property in the Gaslamp Quarter across from the San Diego Convention Center
Resale Price: $410,000
Cost: $440,000
Loss@6% Sales Expenses: $54,600
Purchase Date: 07/01/2005
MLS: 066044081
Holding Period: 12 months and counting...
Bedrooms: 1
Bathrooms: 1
Square Feet: 694
Purchase Details: view
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2 comments:
Mr. Brightside, thanks for this site. Real world examples best illustrate our down market.
Thanks and I agree completely. I keep reading about how the market is still going up, just at a slower rate but then I run across plenty of cases of property changing hands at a loss as this site documents on a daily basis.
Sooner or later everyone buys real estate, it's a basic expectation that you should be able to understand the marketplace in order to do so.
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