Asked by Jeannie, 91401 • Thu Apr 10, 2008
second thoughts that perhaps even though the property is going for more than $200,000 less than it did last year, it will still go lower in the next year or so as market finds it's bottom. (who wants to "lose" their downpayment in devaluation of home?) The house across the street, which is bigger, went for $1,000,000 last year and now I see the price has been lowered to $599,000 (last week it was listed at $699,000) - so a drop of a house in the neighborhood of $100,000 in just a week is scary.
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