Heard in the park…

by John Wake on March 2, 2009

“I had a $600,000 home but down-sized to a $300,000 home and didn’t even have to move.”

{ 7 comments… read them below or add one }

1

Brian McMorris 03.03.09 at 7:15 pm

Sounds like a Rodney Dangerfield joke. Great punch line, don’t you think?

2

John Williams 03.04.09 at 5:37 pm

Ouch!

3

Robyn Robertson 03.06.09 at 4:22 pm

ugly

4

John Wake 03.06.09 at 5:24 pm

It was a joke, of course, and he exaggerated for effect but the joke was a big hit with the dog group in the park.

5

John Williams 03.07.09 at 8:55 am

I laughed hard and told it to multiple people that day.

6

Troy 03.08.09 at 8:39 pm

This sounds like it might be the truth for this price range. If it were a true story and in the price range in the 190K-225K the truthful statement would have to be I live in a home I bought for 189K and it’s on the market for 52K and not selling, I wonder how much it will drop when it goes to auction, the neighbors house had a mortgage of 225K and it sold at auction at 52K. What is happening the homes over 500K are getting hit at 40% but the low end homes are getting slaughtered. Yep even in these times the rich lose less and the poor lose more at least percentage wise.

7

Chandler Real Estate 03.09.09 at 11:10 pm

This is funny but when I first read it, I thought of a listing I came across recently where the owner is a Realtor and short selling their home. They want to stay in the home and rent it out - so they prefer an investor. In effect, the person downsizes their mortgage to a simple rent payment that is likely half the cost.

I wrote about it at LortiHomesBlog.

It is almost like a new product in the marketplace - ‘just short sell your home and become a tenant in your own home for half the price!’

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