Thursday, December 04, 2008

Our Speculator Takes His Loss

It looks like the flipper is done bleeding cash.

Remember, I had 800k as his approximate breakeven - not counting carrying costs and sleepless nights. It looks like the final sale price was $720,000.


Marginalizing A Speculator,

Another Week, Another Hopeless Price Drop

Now In The Red.


Anonymous said...

What's the exact address? I'll do a title search...we'll see what happens.

CaptiousNut said...

550a Jerusalem. I'll see the price soon.

Though it's often hard to tell the real price given the *kickbacks*/*rebates* these days.