Homes: Buy One, Get One Free!

A San Diego developer recently offered a "buy one, get one free" promotion on homes in Southern California.  From a recent article at 10news.com:

Michael Crews Development is offering new, 2000-square foot cityscape row-homes worth $400,000 in Escondido for free -- if you buy one Royal View Estate home in San Pasqual Valley starting at $1.6 million.

 

Times are definitely tough in real estate land.

Comments

[Lisa:]

This is astonishing.

2008 Jun 03 06:02 AM

[CrossProfit:]

Better off waiting for the "50% off - going out of business sale"!

2008 Jun 03 07:26 AM

[jbde:]

What makes the royal view home worth 1.6mil? Certainly not the materials or labor. And Location Location Location is overrated. Such high priced homes are rediculous and the trend towards reasonableness will take years as pigheaded landowners and builders continue to overprice.

2008 Jun 03 08:34 AM

[tginomorebush:]

NOTHING is FREE!

2008 Jun 03 09:02 AM

[H.W.:]

the second home for free is already priced in the first one offered for $1.6MM. marketing tricks!

2008 Jun 03 09:27 AM

[unimpressed...:]

Caveat emptor!

2008 Jun 03 02:38 PM

[Redfish Mark:]

There's a GM pickup and SUV in the garage too.

2008 Jun 03 05:55 PM