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Old 02-27-2010, 01:34 PM   #41
Thinks s/he gets paid by the post
Join Date: May 2008
Posts: 3,610
Saw an episode in Orlando, from 2009 I believe. A young couple was looking for 5 bedrooms 3 baths. So the first house they showed had like 3500 square feet and it had two garages, for 4 cars!

And it was $280k. I searched the development and looks like there are a lot of foreclosure sales. But the show didn't mention it at all yet this couple bought a home listed for $290k (another McMansion) for like $40-50k off and they attributed it to their agent's negotiating skills.

Guess the show doesn't want to inject a depressing note about the economy or particular markets.

There was also a London episode where a young woman who had flipped a dozen properties in London bought a 1-bedroom apt. for $800k, $400k off the original $1.2 million asking price. So some signs that the financial crisis has hit home prices but would never have imagined London would be affected.

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