The house is amazing but it's way too amazing for the area it's in. It never ceases to amaze me how people will build million dollars homes in hundred dollar areas. Check out this listing ar 5301 Lochmoor Dr in an unincorporated area of Riverside (near Raceway Ford). The house is incredible but in it's current location I don't see them getting $1.25M or $1.anything for that matter. But the garage......... And I wouldn't mind the cars either!
4 comments:
In case anyone missed this article entitled "Bank of America to release homes" from last week:
http://www.lvrj.com/business/bank-of-america-to-release-homes-81453352.html
"Bank of America expects to release about 6,000 foreclosed properties into the Nevada housing market in 2010, or about 500 a month, an executive with the bank said Wednesday."
Now if they'd just do the same thing here in So Cal!
500 a month in the entire state of Nevada? Are you kidding? That's like Obama giving each state $12 a month in aid. That's less than 1 house per city. Think about it.
Well there are only like two "real" cities in Nevada. So 6000 isn't too bad for one lender. Most of those will be in Vegas and most of the rest Reno. Considering there's dozens of other lenders Nevada should still have plenty of REOs to go around.
Car is a 66 or 67 nova
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