They have done a great deal of DIY work on a 80-100 year old structure which was added onto several times throughout the decades.
2006-07-04 05:12:12 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Either they are on crack or have a gambling problem, in 2000 I bought a 1999 Ford for $5,000 from a guy with a gambling problem.
2006-07-04 05:15:53 · answer #1 · answered by Anonymous · 0⤊ 2⤋
the housing market is fine ,don't believe the pessimists .they make money on the market when it drops.they come in like a flock of locusts and buy when the market is down. and rent and ruin neighborhoods. the market is good. like the fine man said either they are on drugs or are in trouble. or if it is a old house with termite and dry rot damage. or Really bad problems. if your in love with it have a home inspection done and ask the owner to split the cost.money flows where it is best treated.and right now it is the housing market
2006-07-04 16:05:10 · answer #2 · answered by Anonymous · 1⤊ 0⤋
This is exactly what happens when the "real estate bubble" bursts. Prices drop like flies in a cloud of Raid. The "lucky" ones are the very few who owe less than the current market value and can get out with their credit rating intact.
2006-07-04 06:17:01 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Probably because that's what it's worth in today's market. They might have overpaid in the first place, or the housing market in their area might have gone down in the four years. Not unusual.
2006-07-04 05:16:40 · answer #4 · answered by Judy 7 · 0⤊ 0⤋