Tuesday's Tumblers

3775 Riverly Trace, Marietta, GA 30067

Price Reduced: 10/25/07 -- $2,100,000 to $1,975,000
Price Reduced: 05/15/08 -- $1,975,000 to $1,850,000
Price Reduced: 07/10/08 -- $1,850,000 to $1,795,000

I thought the high end market was holding up. Odd that this house has been on the market for close to a year and even with a 14% price drop is still languishing.


15450 Alpha Woods Dr, Alpharetta, GA 30004

Price Reduced: 09/06/07 -- $775,000 to $749,000
Price Reduced: 10/17/07 -- $749,000 to $699,999
Price Reduced: 08/03/08 -- $699,999 to $675,000

But everyone wants to live in Alpharetta. Prices here will never fall. Better buy now while you still can, before you are priced out forever.
- Realtors in Atlanta circa 2006

41 Lambets Way, Alpharetta, GA 30005

Price Reduced: 12/10/07 -- $439,000 to $399,900
Price Reduced: 03/05/08 -- $399,900 to $389,900
Price Reduced: 05/23/08 -- $389,900 to $379,900
Price Reduced: 07/28/08 -- $379,900 to $319,900

Why rent and throw your money away? Buying a house is the best investment anyone can make. And think of the tax breaks too. Better buy now as you will never see prices this low ever again.
- So called financial experts, circa 2007

105 Club Court, Alpharetta, GA 30005

Price Reduced: 04/07/08 -- $1,199,000 to $1,150,000
Price Reduced: 04/26/08 -- $1,150,000 to $1,099,000
Price Reduced: 08/08/08 -- $1,099,000 to $999,000

The housing bottom is here. Now is a great time to buy.
- Jim Cramer circa 2007

4695 Hamden Forest, Atlanta, GA 30331

Price Reduced: 11/30/07 -- $2,500,000 to $2,250,000
Price Reduced: 06/17/08 -- $2,250,000 to $1,990,000

The housing crash is only applicable to sub-prime loans. People buying million dollar plus homes will not be affected.
- Experts everywhere, circa 2007/2008

110 Peachtree Way, Atlanta, GA 30305

Price Reduced: 11/09/07 -- $995,000 to $949,000
***Price Increased: 12/20/07 -- $949,000 to $995,000***
Price Reduced: 02/16/08 -- $995,000 to $975,000
Price Reduced: 05/22/08 -- $975,000 to $950,000
Price Reduced: 06/03/08 -- $950,000 to $899,000


My favorite kind of delusional home "owner" who raised the price in December. This is the person who reads the MSM and believes every lie told. Oh goody, the NAR said the housing bottom is here, let's raise the asking price by $50K since the boom is back on and Atlanta is different and real estate never falls.

How's that working out? If this house sells for $575K I will be surprised.

What's funny is that had any of these morons priced their house at today's asking price when they originally listed, it would have probably sold. There are plenty of suckers out there who would have paid what at the time was a GREAT DEAL. But people, being people - and greedy - they didn't and now are chasing the market down.