Pricing, FUBAR! Or now is a terrible time to buy at any price!

Since who knows what the prices will look like in a year or two or even a month or two!



A Mr. Bank owns this lovely piece of the beach, one OHIO SAVINGS BANK his full sur and christian name.

2100 N OCEAN BL 7-B, Fort Lauderdale FL 33305

● 2 Bed, 2 Bath
● 1601 Sq. Ft.
● On the MLS at $499,900
● Purchased on 7/13/2004 $1,197,000
● For a loss of $697,100

And This listing is brokered by: Access International Rlty
Office (954)597-9610 and I guess they suck at their job because they haven't told Mr. Bank about unit 6-b which except for being one floor lower is exactly the same.

2100 N OCEAN BL 6-B, Fort Lauderdale FL 33305

● 2 Bed, 2 Bath
● 1601 Sq. Ft.
● On the MLS at $479,000
● Purchased on 4/25/2005 $549,000
● For a loss of $70,000

Except its $20,900 cheaper then the forclosed unit. So we can be fairly certain that Mr. OHIO SAVINGS BANK still has some room for movement in his price. But what does that say about buying at nearly any price these days? It seems to say tomorrow is only a day* (and maybe 30% or more less) away!

*not an actual day but a longer figurative one, meaning a year actually.