Friday, August 31, 2007

Crack House Chic- Washington DC

Location, Location Location - how many times have you heard that from realtors. Well, the location for this overvalued piece of real estate is NE Washington DC, formerly the Crack Capital of the USA. Thoughtfully, the investor who refurbished this house, left the bars on the windows and the doors.

However, he is having some difficulty selling. The property has been on the market for 82 days, and the price has already been reduced by $10,000. Did I mention the price - the owner wants $419,000 for this two bedroom house.

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