I was in the market for a house at the time this thing started. We were looking at an old farm house that sits on 4 1/2 acres that was listed at 180,000. It needed a lot of work and had been on the market for 2 weeks. We made an offer slightly less than the 180 and found out that someone had come in from out of town and offered 200,000. The prices on houses in the area immediately jumped.

We sat back and watched these old farm houses sell for 10-20% more than they were just weeks earlier. Now 2 of the homes are being for-closed on including the one we were originally interested in.

The person who bought that home also bought another and hoped to do a little work and turn it quickly. I am happy to say that after talking to my banker friend he thinks I could buy it out of for-closure for around 160.

Being the capitalist that I am I offered 20% down at 145, cheers to the idiots of the world because by the end of the day I may have my castle for 32,000 less than I was willing to pay.

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ABoyNamedSue - Speaking of Crestwoods posts - And then there'll be some link to some page, written in hindu or something, talking about sherpas and A&W root beer, and how George Bush is to blame for some Jewish neo-nazi death camp, run by Elvis Presley, on the far side of the moon that's been busted for killing kittens or something