Wednesday, March 17, 2010
Save $810k by reading the Leucadia Blog
The Leucadia Blog reported in 2008 that one of the newly built houses in the Nantucket development could not be occupied until local Development Maestro David Meyer built a "low income" housing unit for the subdivision. Well, that hasn't happened. (Interestingly, the home that housed a family that appeared to be very low income was leveled years ago).
The unoccupied "new" house went into foreclosure and was sold at auction. The Voice of San Diego has a great story (updated link) about some sucker buying the place for $810,000 thinking he was getting an awesome deal. He apparently didn't do the slightest bit of digging into the property or the history of the subdivision before buying the unusable house.