So Orgasmic!

With the whole housing market crashing and a spike in the number of foreclosed and short sale homes along with home prices reverting back to 2003 days, it's totally and utterly orgasmic! You won't believe how much some houses were actually selling for and how much they were sold for today. Banks are downing in bad debt but of course no one is even bothering trying to fix the housing market but rather postpone it which will only delay its demise but still crash even further nonetheless. People are suffering a loss on the value of their homes or breaking even but luckily my parent's house would still be a profit of about $100,000 if we sold now. Houses are actually worth their price now so I'm ready to buy! I've been looking at Toll Brothers which is my absolute favorite homebuilder and KVHovian also makes nice houses as well. But with so many choices and vacant houses to leisurely walk through, it's so hard to make up your mind. But then again if the house is dirt cheap then you got yourself an investment property although most people can't even land themselves the loan even though right now is the time to buy. I saw that there was this property that was sold for $725,000 in 2005 to a buyer but lost it to the bank this year for $611,090 so the bank listed the house for $484,900 but ended up selling the house for only $283,500! That's one massive loss to the bank! Ouch! It's a decent house but totally never worth $725,000 in my opinion at all because it wasn't even situated in a luxury community or even city and it only had 4 bedrooms, 3 baths, 2,660 sq ft home, 7,000 sq ft lot and built in 1996. When it comes to making fast cash, people are dumb nubs.

Dream home or dream location?