Happy New Year

General by Diane Cohn

Forget diet and exercise! I think everyone should make it their New Year’s Resolution to make enough money to buy this incredible, one-of-a-kind property: The Caughlin Ranch. All you need is a cool $3.95 million… see

2 comments

January 3, 2007 at 10:06 PM
RenoIgnoramus

Let’s see. If I could pick this place up for $3.5 million, I figure I could go out and get a Super Preffered Platinum Elite Voodoo nothing down, I/O, negative am, stated income loan at a 1.1% introductory teaser rate and my monthly payment would be only about $3100.00. Then I could flip it off to a rich Bay Area transplant who wants to buy his part of the Nevada dream for, say, about $4 million in a couple of months.
That’s how it works, right?
January 7, 2007 at 3:00 PM
BanteringBear

“All you need is a cool $3.95 million…”

I suspect that property, while truly a gem, will sell for a bit less than full price. I believe the days of ridiculous sales prices are behind us.

Guy Johnson on Are High Mortgage Rates Leading to an Increase in All-Cash Purchases?: “Interesting insight, Howard. Not sure how that could be tracked, though.” Oct 29, 20:40
Howard I Hirsch on Are High Mortgage Rates Leading to an Increase in All-Cash Purchases?: “Well, and not only that, but this tracks the status of payment at time of purchase only. One clever real…” Oct 29, 16:54
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