Quote:
Originally posted by stevepaa
Does any one really know someone who bought some real estate as a speculative venture?
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I don't know them, but the folks that lived two doors down from us in Fremont sold their house (1100 sq. ft on 5000 sq. ft lot) that they'd lived in for 18 years for $540,000, and that was in fixer-upper condition. Those that bought it fixed everything and put it back on the market in less than six weeks for $630,000. It was still on the market when we left.
That was somewhat common last year, don't know what's going on now.