Thursday, April 27, 2006

Maybe We Can Negotiate a Price

I have been thinking about getting into real estate...

Leading the way in your local listings? A $53 million Medina waterfront estate built by the late medical-eyewear magnate Peter LaHaye. The 30,000-square-foot, six-bedroom manse has been on the market since the late 1990s, when it was listed at half that much. It's even got its own, registration-required Web site: Don't even think about moving here if you can't lay down a 10 percent down payment and a $301,000 monthly mortgage.

Now I am no expert, but if it has been on the market since the late 90s, shouldn't they be lowering the price, rather than raising it? Well, I guess if you got that much money, why haggle over it.