Top sign the housing market is still going downhill: when you purchase one McMansion, you get a smaller yet still ‘luxurious’ row home free. No kidding. One San Diego real estate developer has clearly gotten very, very desperate to sell homes.
From the LA Times:
We thought, ‘Why does it just have to be on Pop Tarts [...]
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Just a couple short years ago, real estate developers were spending money like Lindsay Lohan in a liquor store. They would snatch up nearly any property, with no particular plans in mind, but confident that they’d be able to build McMansions, strip malls or ubiquitous corner drugstores without a problem. Once the market crashed, developers [...]
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