Real Estate Awards (Mega Schadenfreude)

NEW -> Contingent Buyer Assistance Program
great catch morekaos, that has to be a typo. I even pray that $1.3 million is a typo.



well, they aren't making more land by the beach unless you're in dubai.
 
I'm not even going to count the number of price reductions on this place in RSM:

<strong><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1119230">31 Calle Alamitos, 92688</a></strong>

Price: $525,000

<img src="http://i-0.rfimg.us/photo/46/bigphoto/730/S504730_1_2.jpg" alt="" />



Sep 10, 2007 $650,000

Sep 27, 2007 $625,000

Oct 24, 2007 $615,000

Nov 09, 2007 $589,000

Nov 13, 2007 $575,000

Nov 20, 2007 $550,000

Jan 15, 2008 $545,000

Feb 02, 2008 $547,500

Feb 04, 2008 $538,800

Feb 15, 2008 $500,000

Feb 22, 2008 $510,000

Feb 28, 2008 $520,000

Mar 06, 2008 $522,000

Mar 07, 2008 $520,000

Mar 08, 2008 $525,000

Mar 26, 2008 $529,999

Apr 09, 2008 $525,000
 
[quote author="caliguy2699" date=1207803911]I'm not even going to count the number of price reductions on this place in RSM:

</blockquote>


OK I did, there are 8 price reductions and 6 price hikes



What do I win....
 
I think we should ty to predict the next one :)



I am going to guess in late April (either 26th or 28th) it will be dropped to 510,000 only to be raised to 515,000 on May 8th or 9th
 
[quote author="caliguy2699" date=1207803911]I'm not even going to count the number of price reductions on this place in RSM:





</blockquote>


Is the purpose usually just to get more interest in the place? If you are subscribed to an email list from Prudential, for example, you can set it up to notify you whenever there are price changes based on the range of homes you are looking for.



Other than that, I really don't see why this would be changed around so often. Not like they are "legitimately" chasing down the market.
 
Since they vary the last number in the price so much, they should make it Fibonacci number series and really go after the esoteric crowd. Although I don't know how many people in Irvine know what Fibonacci numbers are (certainly the realtards wouldn't), too superficial.
 
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