A CNN article today makes it clear how fortunate homesellers in the Wichita area should feel.
While prices here remain basically stable, there are $500,000 homes in California changing hands for $200,000.
“EVVVVERY HOME MUSTTTT GOOOO! Bad credit, no problem. No down payment, no problem. No money, big problem.”
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If you want to know how desperate they are trying to sell homes in California, Market Place (public radio) had a story that was funny, but also terrible.
Since the bottom fell out of the housing market, there has been a huge glut of homes in inventory that these developers along with Realtor cannot sell.
There are whole neighborhoods empty of anybody living there. So how do you sell a house in a neighborhood with nobody living there?
You fake it.
Developers with realtors have hired actors to BBQ in the home next door to an Open House home, along with paying actors to mow empty lots, children playing in the streets, people walking their dogs, all to show prospective buyers that the neighborhood is active, lively and the neighbors are so nice.
Once they sell the home, all the actors and props go away and the home owners are left wondering where in the hell everybody is.
LOL! This is hilarious.
I guess this is the new low in selling homes now.
http://marketplace.publicra…4/01/pm_new_staging/
Sorry!
Correcting the link.
http://marketplace.publicradio.org/display/web/2009/04/01/pm_new_staging/
Actually, those are $200,000 homes returning to economic reality…they never should have gone for $500,000 unless the median family income in California was $175,000 which it was not. However, I am grateful for Wichita’s more stable home prices.
Hahahahahaha.
Why doesn’t that surprise me, ictBest? Too bad Hugh Beaumont is dead and Barbara Billingsley is old, eh?