Yep, you read correctly.
Times are so tough that one developer has decided to give homes away to people buying one of the homes he has for sale. If you live in California, or are thinking of moving there and buying a house, you may want to think about buying from the developer.
But yes, there is a catch–well, actually two. The first catch is that you have to be able to afford the first house, which will likely cost you $1.6 Million. The second catch is that the home you get for free will be smaller, and worth only around $400K. But a free house is a free house.
The Los Angeles Times has the article. Read away.
1 response so far ↓
1 Are We in a Recession, or Not? | The Finance Blog // Jun 9, 2008 at 8:24 am
[...] and see how low we go, don’t make any hasty moves, and if the prices start rising and I buy on the upswing, so be it. As long as I don’t buy and see price drops in the double-digits, I [...]
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