This was from an article featured on Jan 1, 2008, Ashley Long Part I. The average person was brainwashed during this bubble. They seemed incapable of thinking for themselves. Lets revisit to see if this buyer made the right decision.
“I got a pretty good deal. I know this is a low market and the house is worth more than that,” WRONG
“It’s the only time I’m going to be able to afford to buy in Sonoma County,” WRONG
“I can’t imagine it going down a lot lower, and eventually it has to come back up. I don’t want to gamble.” WRONG
Here is Ms. Long's house:
7108 Hastings Pl Windsor, CA
4 beds, 3.0 baths, 2,032 sq ft
Lets see if her purchase and statements made sense. You can check the comps and properties for sale in this neighborhood. How about 210 Mali Ct: 2200 sqft for $370K. Check out that brown lawn. If it sells for $370K that is a 40% drop from the peak purchase price. What a joke. The sheeple need to start THINKING FOR THEMSELVES.
210 Mali Ct Sale History
08/06/2008: $415,840 * (bank taking it back)
What should Ms. Long do now?