Tuesday, September 4, 2007

Come out of the closet

At just 375 sq. ft. this is possibly the smallest house listed so far. However, it has a big price tag. The owner wants $389,000. The Craigslist advert states that this LA property has one bedroom with a closet. A more truthful statement would be a "closet sized bedroom".

The advert describes the property as having "lots of upside potential". How many times have we heard that clapped out realtor phrase. Moreover, lets not get into a sterile discussion about the price reflecting the "re-development potential of the land". The price tag still looks way too high for a plot of dust in a no-name LA suburb.

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