Buy one get one free homes in So Cal
L.A. Land : Los Angeles Times : In Escondido: Buy one (house), get one free.
In a sign of how difficult it is to sell new homes in Southern California right now, a San Diego developer is offering a “buy one, get one free” deal, pairing million-dollar homes with less expensive homes.“We thought, ‘Why does it just have to be on Pop Tarts and restaurants? Why not buy one home, get one free,’” Dawn Berry of Michael Crews Development told 10 News in San Diego.
I really didn’t want to link to this, but about 5 different people emailed this to me.
Frankly, from what I understand, no one has actually taken this developer up on this offer. Personally I believe this is nothing more than a publicity stunt. And it’s working rather well given that this is appearing on every single blog.
Still one question seems to be: can this happen in the Bay Area?
Obviously not! It’s different here. Didn’t you see the Gable’s Ends homes in Mountain View?
Thanks all the people who sent this in though.
June 4th, 2008 at 3:23 pm
Why not buy one home, get one free
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That sounds like a Best Buy or Fry’s Elecronics deal.
I can return plasma TV within 90 days after purchase. Can I do it for these homes?
June 4th, 2008 at 4:34 pm
That sounds like a Best Buy or Fry’s Elecronics deal.
I can return plasma TV within 90 days after purchase. Can I do it for these homes?
Yeah, but you have to return both of them, and all the original packaging material. Plus you have to ship them to the seller.
June 4th, 2008 at 4:52 pm
Buy one house in Bay Area, and get one in Sacramento for free.
June 7th, 2008 at 11:48 am
CNN checked it out – they pumped up the “buy one” price to subsidize the cost of the free one. What a surprise! (not)
http://www.cnn.com/video/#/video/us/2008/06/05/mattes.bogo.houses.xetv
June 7th, 2008 at 11:58 am
nomadic did they pump it up, or fail to reduce it to match the dropping comps? San Diego/OC and especially inland areas have been in freefall.
June 7th, 2008 at 10:09 pm
OK, madhaus, you got me on a technicality. They failed to cut the price on the “buy one” to match others for sale (discounted) at $300k less in the same neighborhood.