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Bad Housing Market Homes For Sale on eBay

Saturday, August 9th, 2008 | Make Money, Random with 1 Comment

Foreclosed Homes
(photo: credits)

After seeing the housing market blasted all over the news I decided to check out the auction website eBay and see what kind of houses and foreclosed homes were listed. To my surprise there were a lot of them! I’ve listed below a few that stuck out to me in my search. They are all under $10,000 and are located all over the united states some that are listed in Florida at a very cheap price.

I mentioned a while back about the housing market in my area and the exact apartment complex that I used to live in. It would have been a bit crazy if I were to actually find a listing on eBay that was to one of the condo conversions in my old complex.

Link Description and Location Amount Bid Time Left
Listing 4 Unit Apartment Building – Warren, Ohio $1,802.00 6 days 2 hours
Listing Middle Duplex 2BD 1BA – Marion, Arkansas $930.00 3 days 3 hours
Listing 1930’s Home 3BD 1BA – Fort Wayne, Indiana $1,000.00 9 days 17 hours
Listing 4BD 2BA Duplex – Cleveland, Ohio $1,725.00 10 days 21 hours
Listing Mobil Home 2BD 1.5BA – Pinellas Park, FL $2,080.00 12 days 5 hours
Listing Brick Victorian House 20 Acres – New Cambria $4,150.00 29 days
Listing 2BD 1BA Condo – Gatlinburg, Tenn $6,766.67 22 days 19 hours
Listing 2BD 1BA Single-family Home – Jacksonville, FL $4,550.00 17 days 20 hours
Listing 4BD 1BA Single-family Home – Altoona, PA $7,999.00 3 days 1 hour
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Please note the above prices and bid time left is from the current date (August 8, 2008).

Housing Crisis in my own backyard

Sunday, June 22nd, 2008 | Random with 1 Comment

Real estate forclosure
(photo: credits)
It’s not my current house that i’m talking about it is my old apartment complex I used to live at in Metro West which was converted to condos (aka condo conversion). It seems that the news of the Orlando housing crisis has hit big news headlines like MSNBC. According to the MSNBC article there were alot of investors who purchased within the complex hoping to turn a profit. I could see why because when the housing market was booming the Metro West and Dr. Phillips area was the prime place to live. It provided a place with easy access to everywhere… 15 mins to Downtown Orlando, 5 mins to Universal Studios, and 10 mins to Disney World. However since the housing market has taken a dive so has the neighborhood… the crime has increased and so has the for sale signs.

When I was living in Metro West I actually lived in the place that is mentioned in the MSNBC article. The place was called the Hamptons at Metro West… However, it wasn’t always called that. When i first moved into the place it was called Park Avenue apartments. Then from my understanding when the company who owned it decided to go condo conversion the renamed it to The Hamptons.

Well I must say I am glad I didn’t purchase from there and I feel a bit sorry for the people who did. But, then again real estate is like a long time investment sometimes you get lucky other times you don’t.