Friday, August 31, 2007

Crashing real estate prices - Oakland

There was a time when you could buy a slum like this on your credit card. Not so today. The Joker who owns this Oakland CA house is looking for $699,000. However, this seller isn't joking quite as much as he was a few months ago. Then, the owner was looking for $800,000.

Actually, I am a little pissed that the owner didn't push for a $1 million. Then it would have qualified for the million dollar slum category. However, a slum is still a slum, whether the price is $1 million, $800,000 or $8,000.

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