Gables house tells story of how boom fizzled

[Dale Smalley]

Another article on flipping in a upscale neighborhood.

"One Coral Gables home that was emblematic of the real estate bubble now stands as an example of the current wave of foreclosures. Bewildered neighbors ponder how it happened."

http://www.miamiherald.com/business/story/447284.html

ps the comments section by readers is really the fun stuff to read down here.

 

[Mark A Rewbury]

I wonder who did the last appraisal?

 

[Big ole Boy]

this thread joggs a story here in Starke .

My dad built a house for guy up here in North Florida ........ the guy had his house in Cape Coral (West Coast of Florida) for sale and turned down a $500,000 offer .... now the guy has the same house still listed for sale 3 years later at $300,000 .......

.... my dad took a small second on it ......

..... I told my dad ...... buy gold back in 2000 .......

..... it was a "freaking no brainer"

...I could of made people a lot of moeny if I could have gotten them away from the TV set and the newspapers ......

.....

 

[Laughing Heir]

I think his name was Dead Meat.