http://biz.yahoo.com/rb/080603/usa_housing_sale.html?.v=4&.pf=real-estate
Is this real? Developers in san diego are giving away a house valued at $400,000 dollars when you purchase a $1.6 billion dollar mansion. they said they are targeting a small niche in the market and are trying to make up for the mortgage meltdown of 2007.
Will this actaully help them at all? if the mansion is really worth $1.6 billion aren't they taking a $400,000 hit? and when the housing market is down so much anyway, is it worth taking a $400,000 lose just to get that house off your hands? Maybe that's not that big of numbers when your talking about buying and selling homes, but that would get me a little worried.
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