Thursday, September 6, 2007

Waterworld




The current owner justifies the $779k price tag by claiming that this wreck has an ocean view. Therefore, the first task for the new owner of this versatile garage-mobile home will be to chop down one of the two palm trees, that is currently blocking the window. Too bad, I thought that the trees were the most attractive feature. However, in the mad world of realtor valuation water wins over nature everytime.

This house was originally listed for $879k. However, it didn't shift and the owner cut the price by a hefty $100k. Why not go all the way and cut out the first digit. If this wreck were listed for $79k it would still look overvalued.

Thanks Roy for another great suggestion. The property can be found on realtor.com. Mobile homes are always welcome here.

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