re: House(s) on the market

quote:

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One of my neighbors just died and her kids put her house on the market foe $1.1M. This house is a giant piece of shite. 3bed 4 bath and hasn’t been renovated in probably 40 years. It had three offers and two pending in the first three days. My realtor told me a builder paid over asking and is going to tear it down.

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I just watched a perfectly decent house being torn down. Sold for $530K last year. Sits on a 1/2 acre lot on a small lake, with maybe, 1 or 2 houses valued at over $1 million. Insane.