This one actually made me laugh out loud. As most of you know by now, The Retreat is South Corona is a favorite whipping post of mine. It perfectly illustrates the heights that the great bubble attained. It's also a perfect illustration of how bad the crash is going to be. To think that tract homes in the IE were selling for nearly 1.5 million bucks is just ludicrous and to think that one purchased in 2006 has actually gone up $400k in value is beyond comprehension.
The owner of this house has got be be on medication. The tract in which he lives is imploding. There are more brown lawns than green ones in The Retreat. Yet this bozo thinks his house is worth 3X what most of the others are listed for. It's a beautiful house to be sure but the reality of the situation is that it's probably worth 1/2 what the guy paid (or less).
Ready for a laugh?
22260 Rosemary Canyon Ct, this 5 bedroom, 5.5 bath Mcmansion was purchased new in May of 2006 for $1.4 million bucks. The lord of the manor then spend another few shillings adding some bling to his new digs. Fast forward 2 years, the market is falling apart all around him yet he thinks his chateau has actually increase in value by nearly $400k! He is asking an unbelievable $1.795 MILLION. Oh my gawd,it still cracks me up...
There are at least 6 homes of similar size near in The Retreat that are curretnly listed. Most are between $700k and $800k. More than 50% less than king boofoo above is asking. A few of these homes are also very nice looking and one is spactakular. 8128 Tender Way is the same floor plan as Boofoo's. But this house has a back yard that is to die for and the inside easily looks as nice as the other house too. This one is listed for $750K. About 1/2 of what the poor sap paid and that's not counting the large chunk of moola he obviously spent on the killer back yard. So this house is listed for over a MILLION dollars less than boofoo's place!
There are several other exact model matches that are listed for far less too.
22302 Appleberry Ct for $785K
8170 Tender Way for $818K
8010 Sanctuary Dr for $799K
As you can see all are listed for far less than the doofus above. Anypne want to offer him $500k just to make steam come out of his ears? Again I have to scratch my head in disbelieve that a realtard actually took this listing.....WTF???