FYI on a condo price

[Buckhead Rick]

We sold a condo in Watercolor (south side) just as prices started up in late 2002 for $875M that had been listed for 6 months, saw that condo get listed for as much as $1.4MM in 2004, and did we feel dumb for having sold. The one next door just got listed for $850M. Not only are we back where we started but in some ways below where we started.
I do not know what that tells us.

 

[ER]

Not sure what you mean by in some ways below where we started, but to me it says: If you want to buy great real estate at 2002 prices levels, here is your chance.

 

[Matt J]

I'm assuming that you meant to use a "K" not an "M".

 

[Miss Kitty]

I'm assuming that you meant to use a "K" not an "M".

...no wonder those things won't sell!

 

[30A Skunkape]

...no wonder those things won't sell!

Hello, Mr Kitty, your Kondo is pricey!

 

[Miss Kitty]

Hello, Mr Kitty, your Kondo is pricey!

...you think Buckhead R felt dumb...imagine how dumb we feel right now! 875 miiiiiiiiiiiillion dollars!

 

[elgordoboy]

Sorry- it's killing me and I am not proud that I can't not post this: m = thousand and mm = million (thousand thousand) and mmm = billion. I'd have used K also

 

[SHELLY]

I do not know what that tells us.

uh...Bobby J....That's your cue.


.

 

[Matt J]

...you think Buckhead R felt dumb...imagine how dumb we feel right now! 875 miiiiiiiiiiiillion dollars!

C' mon kitty sell that thing and buy up the rest of 30A. :funn:

 

[Miss Kitty]

Sorry- it's killing me and I am not proud that I can't not post this: m = thousand and mm = million (thousand thousand) and mmm = billion. I'd have used K also

;-)...I knew what he meant. But, it sure was fun to dream.