Thursday, February 21, 2008

Because made up words have meaning part II: Wishing Price



Wishing Price: Another Robert Cote original. A fine companion for the more commonly used “needs-based pricing”; referring to seller’s unrealistic/absurd asking prices based on greed/need, and their failure to recognize the new reality of a changed/declining market.


So you paid too much for a condo and now you want someone else to as well? YOU WISH!!!!!!!!

1 Las Olas Cr Unit: 1502/15R Fort Lauderdale, FL 33316 MLS ID# F882942

● 2 Bed, 2 Bath
On the MLS at $825,000
Purchased on 9/29/2006 $990,000
● For a loss of $165,000

History:
09/29/2006 $990,000
07/05/1995 $299,000
05/01/1971 $62,333
12/01/1970 $17,850



1 Las Olas Cr Unit: 807/8k Fort Lauderdale, FL 33316 MLS ID# F858658

● 2 Bed, 2 Bath
● 1,250 Sq. Ft.
● Year Built: 1970
On the MLS at $419,000
Purchased on 1/8/2002 $220,000
● For a gain of $199,000

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