"They're not really being realistic about what the place is worth."
So claims the would-be seller of a house nobody wants to buy (at the listed price).
(From Yahoo! Finance via David Bernstein, in turn via Instapundit.)
"Greg and Barbara Abbott have already cut the price twice on the two-bedroom condominium they are trying to sell on the Las Vegas strip. They're asking $669,900 now -- and an offer in the $650,000 range means they'll lose money."
You mean to tell me goods occasionally lose market value? THE HORROR!
Posted by Matt Bruce at March 26, 2008 12:52 PM"I can't tell you when the prices are going to stop going down, but right now they're as low as they're going to get," [Home Builders Research President, Dennis] Smith said.
http://www.kvbc.com/Global/story.asp?S=8075298&nav=15MV
Home Builders Research
Posted by: Richard at March 30, 2008 08:35 AM