Thursday, May 15, 2008

Speaking of market fluctuation

In 2002 we bought a house in Turlock for around $140,000. In 2006 we sold that house for about $290,000. Yesterday, I received an email from our friend and former realtor, informing us that the same house had just sold as a bank foreclosure for $150,000.

Somebody lost a lot of money on that one.

1 comment:

Brad Boydston said...

Some of that has to do with the market correction. But in the case of your old house I'm guessing that a lot of it had to do with the fact that the new owners had pretty much trashed a great house within a few days after the sale closed. It was sad to watch -- and inexplicable.