“There is a 2 BR unit for sale at Shangri-La. A signboard in front of the building said “MUST SELL TODAY!!”, $1.08M. Two days later the same signboard had the price crossed out with a handwritten price of $998K.”

“There is a 2 BR unit for sale at Shangri-La. On Thursday or Friday a signboard in front of the building said “MUST SELL TODAY!!” and the price was approximately $1.08M. On Sunday the same signboard had the price crossed out with a handwritten price of approximately $998K. The “MUST SELL TODAY!!” was unchanged, though.
I say “approximately” because I can’t remember the exact numbers with 100% certainty. But those figures are correct or very close to correct.”

Kermodei at VREAA 23 Jul 2012 2:20pm

10 responses to ““There is a 2 BR unit for sale at Shangri-La. A signboard in front of the building said “MUST SELL TODAY!!”, $1.08M. Two days later the same signboard had the price crossed out with a handwritten price of $998K.”

  1. Village Whisperer

    The thing that amazes me is if the same people making these ‘reductions’ in price were to wander into any department store and they saw a sign saying 1% off original price…they would be offended that this was even being marketed as a sale.

    Slashing $10,000 off this asking price is just that… a 1% sale.

    Big elfin’ deal!

  2. People should take pictures for these kinds of things.

  3. anecdote is More In-your-face evidence of the ‘gap down’ catalyzed by the July 9 mortgage rule changes.

  4. $998K
    Because $999K would be too obvious

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