The homeowners at 679 Oakwood Creek Place put their 2376 sq ft home on the market nearly 22 days ago at $400,000. This is the home they purchased in Jan 2005 for a mere bargain of $574,000 at the time.
Meanwhile, the homeowners at 657 Oakwood Creek Place weren't going to wait for 679's comp to hit the books, so 10 days later they list the 2400 sq ft home they also purchased in Jan 2005 for $599,500 on the market for $395,000.
Where is our government to help bail out these folks, lets give them a lower interest rate, or better yet lets buy their homes using tax payer dollars.....
The bottomline is in 2005 there were hardly any real homeowners buying, however there were many flippers in for a quick buck. When you treat homes as stocks you are liable to get burned, and you did. I sure as heck don't want the government bailing out these people or for that matter any banks either.
