House sells for just 1.75 dollars on eBay

[.tv]

New York, Oct 2 (PTI)

In the midst of the housing mortgage crisis gripping the US, a Chicago woman has won an online bid to acquire a home in Michigan for just 1.75 dollars. Noting that the price of the home in Saginaw, Michigan, was less than the price of a McDonald's value meal, a media report said that it received total eight bids on eBay.com and was sold for just 1.75 dollars on Wednesday evening.

Full story: http://in.news.yahoo.com/20/20081002/1433/tod-house-sells-for-1-75-dollars-on-ebay_1.html

 

[weblord]

whoa! that's a lot of savings. thanks for sharing.

 

[MicroGuy]

When I sell my next one-word generic .TV domain for $5.00, I can take solice in knowing that houses have sold for less.

 

[h2o]

And to think, I'm from Michigan! Our economy really does suck, eh?

 

[accent]

She did have to pay over $800 in back taxes and yard cleaning assessments. The photo I saw makes it look like a dump, but the land has to be worth something.


Ah, but with the publicity there will be no more house bargains on eBay for a while.

 

[dbtbandit67]

when you take it apart and sell it for scraps, she'll be able to recoup her money back. but it's ok, now we'll have the government buying these homes for $1.75. Usa! Usa!

 

[Charley]

whoa! that's a lot of savings. thanks for sharing.

:D

 

[Keynes]

This is likely an attempt at a short sale - the bank/lender would have to approve the transaction, in any case.

 

[eFingerz]

This is likely an attempt at a short sale - the bank/lender would have to approve the transaction, in any case.

do you really think she needs to go through a bank or lender to buy a house for $1.75??
id assume that you wouldn't finance a house at that price
+closing cost.. well
just the paper used for the loan would cost more than the house..

 

[ssamriga]

I kind of feel bad for the buyer. Who puts a house on sale with no reserve?
Probably it is just a PR move...

 

[Spade]

I wouldnt even sell my worst domain name for that price.

 

[Pred]

I wouldnt even sell my worst domain name for that price.

neither would i.
i chose to drop it instead,.................... quietly

 

[V Dogg]

Haha, my first domain sales were more than a house. I'm happy to know that.

 

[sanfran]

will pay $1.76 via paypal

 

[Pred]

will pay $1.76 via paypal

ok. deal. make sure masspay though
:blink: :wave:

 

[Chef Patrick]

Amazing, the cheapest I have every bought a house for was $6,000

 

[Nodws]

amazing, reminds me of the auction forums when great domains go for $1 just 1 bid :p