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In the Market For a New Home? Take a Boat Tour!

Foreclosed home speculators in Florida are keeping the housing market afloat. Positive that the home prices are near the bottom, Foreclosure Tours R Us offers land and water tours of properties with access to the Gulf of Mexico. The company, which tours only foreclosed homes, sold 830 homes in one month alone.

Waterside homes that used to go for $700,000 are listed in the $200,000 price range. If you take the less glamorous bus tour, inland homes can go for about $54,000!

Many of the buyers are speculators who want to buy buy buy, while the price is right. Let's hope that doesn't cause another bubble . . . and bust!


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stephley stephley 7 years
No I definitely would prefer to buy an older place and work on it than buy something new. Those prices, and close enough to the city are amazing.
BRANDYNICOLE730 BRANDYNICOLE730 7 years
Pretty much. In the country, but close enough to the metroplex that making my roundtrip to downtown Dallas won't kill me. That one sold of course, so now I'm keeping my eye on one sitting on 3 acres with a pond for $45,000. Of course, it's not brand new, and will take some work. But, that's the point. I'd never buy a new home.
stephley stephley 7 years
$38,000??? Is the spot in your dreams?
BRANDYNICOLE730 BRANDYNICOLE730 7 years
Home on the water... Nice idea, but in reality, homes on the water are at risk of flooding, and there seems to be a lot floods. On another note, I'm looking for a home outside of this horrible metroplex, but can't make the leap quite yet. I found a realy nice house in the perfect spot for me for $38,000! I'm just hoping that these prices will last until I'm ready to buy. The recession is really just beginning to be felt in this area.
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