House won’t sell even at $6,900
Bob Morris @ Jul 23rd 2008 06:09 - Category: Credit crisis
So they’re lowering the price to $5,000. It sold for $110,000 in 2005. This is in Flint, Michigan, where the foreclosure rate has soared.
Speculators and long-term investors don’t want a three bedroom house for $6,900? Yikes.
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