Boca Raton because subprime isn't just hurting those drity f@cking hippies

613 NW 38th Cir Boca Raton, FL 33431 MLS ID# R2898205

● 3 Bed, 3.5 Bath
● 2,477 Sq. Ft.
● Year Built: 2005
● On the MLS at $399,000
● Purchased on Nov-2005 $545,990
● For a loss of $146,990

Now you might be wondering how this seller came to decide on this price and you might wonder if even so it's over priced.



2185 NW 4TH Ct Boca Raton, FL 33431
$399,900
3 Bed, 3 Bath
2,885 Sq. Ft.

410 NW 20TH Lane # BLDG 5 #24 Boca Raton, FL 33431
$399,900
3 Bed, 2.5 Bath
2,210 Sq. Ft.

434 NW 20TH Lane # BLDG 5 #22 Boca Raton, FL 33431
$399,900
3 Bed, 2.5 Bath
2,210 Sq. Ft.

448 NW 20TH Lane # BLDG 5 #20 Boca Raton, FL 33431
$399,900
3 Bed, 2.5 Bath
2,210 Sq. Ft.

You'll notice that that isn't a photograph but an artist's rendering so I think we can assume that there is a developer behind these sales. The Good news for the seller at the top is pricing below the developer! Bad news for the owner, the developer is likely open to negoting downward doing very, very bad things to those magical "comps" those used home sales personel spend so much time on.



3643 5th Ter Boca Raton, FL 33431 MLS ID# R2841195

● 3 Bed,
● 3,004 Sq. Ft.
● On the MLS at $375,000
● Purchased on Mar-2006 $463,590
● For a loss of $88,590


Oh,oh! There's another seller with one of these things, btw, is it just me or are these some seriously ugly townhomes?



526 NW 39 Cir Boca Raton, FL 33431 MLS ID# R2774913

● 3 Bed, 3.5 Bath
● 2,500 Sq. Ft.
● Year Built: 2005
● On the MLS at $360,000
● Purchased on Dec-2005 $474,990
● For a loss of $114,990

Oops, found another seller of these things!



637 NW 38TH Cir Boca Raton, FL 33431 MLS ID# R2654227

● 3 Bed, 3.5 Bath
● 2,477 Sq. Ft.
● On the MLS at $429,000
● Purchased on Oct-2005 $514,990
● For a loss of $85,990

Your used home seller personel should read my blog too. But what do I know.



3617 NW 5TH Ter # 3617 Boca Raton, FL 33431 MLS ID# R2840862

● 3 Bed, 3 Bath
● 2,796 Sq. Ft.
● On the MLS at $449,000
● Purchased on May-2006 $409,990
● For a GAIN of $39,010

Hey this guy isn't uderwanter YAY! Ignorance is bliss.



577 NW 35TH Lane Boca Raton, FL 33431 MLS ID# R2840972

● 3 Bed, 3 Bath
● 2,796 Sq. Ft.
● On the MLS at 464,900
● Purchased on Jun-2006 $439,990
● For a gain of $24,910

And each month extra you pay for this place keep in mind how your agent will get paid for this advice no matter how long your unit sits unsold because COMPS don't matter if someone else with same unit is selling for a lot less, or in this market sitting for a lot less.

3653 5th Ter Boca Raton, FL 33431 MLS ID# R2898346

● 3 Bed, 3.5 Bath
● 2,796 Sq. Ft.
● New this week!
● On the MLS at $467,000
● Purchased on Mar-2006 $449,990
● For a gain of $17,010

I mean for pitty's sake NEW THIS WEEK and the developer is unloading 4 of these things for 67k less then your asking price and you can make a living selling houses? Thank goodness you're not in air traffic control or a brain surgeon. No you're a used home seller and can only hurt a few dumb sellers at a time!

3625 NW 5 Te Unit: 3625 Boca Raton, FL 33431 MLS ID# F879703

● 3 Bed, 3.5 Bath
● On the MLS at $469,000
● Purchased on Apr-2006 $449,990
● For a gain of $19,010

OMG! This one is nextdoor! Does being this f@cking stupid hurt, I mean realy it looks painful from here.



561 NW 35 Ln Unit: 561 BOCA RAT, FL 33431 MLS ID# F879589

● 3 Bed, 3.5 Bath
● 1,924 Sq. Ft.
● On the MLS at $474,000
● Purchased on Jun-2006 $409,990
● For a gain of $64,010

OUCH! Stop it, it's hurting me!!!!!!!!!!!




538 NW 39th Cir Boca Raton, FL 33431 MLS ID# R2893338

● 3 Bed, 3.5 Bath
● 2,477 Sq. Ft.
● On the MLS at $475,000
● Purchased on Dec-2005 $474,990
● For a gain of $10.00

A gain of ten dollars I don't know weather to laugh or cry!



570 NW 35TH Pl Boca Raton, FL 33431 MLS ID# R2840948

● 3 Bed, 3 Bath
● On the MLS at $499,900
● Purchased on ???
● For a loss of ???

This listing is brokered by: Boca Valley Realty Office (561)988-5377 They told you a half a million was a selling price, Dumb and Dumberer was just a movie I thought.




524 Nw 39TH Cir Boca Raton, FL 33431 MLS ID# R2815028

● 3 Bed, 3.5 Bath
● 2,796 Sq. Ft.
● On the MLS at $529,000
● Purchased on Dec-2005 $534,990
● For a loss of $5,990

Two great tastes that taste great together Over Priced and Under Water!



563 NW 35TH Lane # 563 Boca Raton, FL 33431 MLS ID# R2840828

● 3 Bed, 3 Bath
● 2,796 Sq. Ft
● On the MLS at $535,000
● Purchased on Aug-2006 $494,390
● For a gain of $40,610

Only a real estate genius could make 40k in a down market when other identical units, oh never mind...





620 NW 38TH Cir Boca Raton, FL 33431 MLS ID# R2856690

● 3 Bed, 3.5 Bath
● 2,477 Sq. Ft.
● Owner InformationName: SUNTRUST MORTGAGE
● On the MLS at $289,900
● Purchased on Sep-2005 $511,990
● For a loss of $222,090

Oopps I missed this for closed one. Lets see at twenty percent down $57,980, if home sales slipped to $231,920 your equity would be zero. Who wants to take this gamble today, next week or even next year? If you rent at say two thousand a month in a years time your only out twenty four thousand and you didn't also pay taxes, HOA, and insurance. I'm thinking even at under 200k this townhome is no bargain.

End of Sales for all of the above -The MCP predicted