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Buy One Get One Free Houses

Buy One, Get One Free Houses in Southern CA

At a time when the word foreclosure is one we're used to hearing and instances of moving homes by choice are more rare, home developers in Southern California had adopted the old buy one, get one free gimmick to deal with current market conditions. Dawn Berry of Michael Crews Development remarked, "Michael Crews Development is offering new, 2000-square foot cityscape row-homes worth $400,000 in Escondido for free — if you buy one Royal View Estate home in San Pasqual Valley starting at $1.6 million. You know it's a straight-up legit deal; no prices have been increased, there are no hidden costs. Michael is just giving away a free home for people that buy at Royal View."

The promotion ended May 31, but what do you think of this type of marketing for new homes, particularly in the current foreclosure environment? Would people be tempted to buy something they couldn't afford because of the prospect of getting something for free?

Join The Conversation
samischo samischo 9 years
I dunno, I personally wouldn't want to live in Escondido when Carlsbad is like 20 min west and right along the beach. (OK so I grew up in Cbad, but still...)
j2e1n9 j2e1n9 9 years
Wow, awesome. I freaking LOVE SoCal.
gigill gigill 9 years
Yeah, I can understand it from an investment perspective...I was just thinking of the weirdos that might just want two homes for the sake of having two homes. Celebs do it all the time and I just think it's totally pointless.
jennjennnbubba jennjennnbubba 9 years
ninjastarlett ninjastarlett 9 years
I wish I had money to get in on this. I love a good sale. =P As for gigill's concerns, I'm not thinking of getting two houses to be greedy or anything -- renting it out to someone at a cost that helps you sustain the house and is affordable to them helps everyone out.
JaimeLeah526 JaimeLeah526 9 years
This is just crazy. What if you don't even want the other house? Do you get to choose the other house or are you just given one? These people who can afford these houses don't need an incentive like this.
LibertySugar LibertySugar 9 years
I think this offer essentially tricks you into buying two homes! Maybe it should be: "Two Houses for the Price of Two!" Either way, crazy!
ehadams ehadams 9 years
I read in the LA Times that no one took them up on this offer. No one! The reason is that one of the houses is in the middle of nowhere, and the other is in crappy Escondido. Both are overpriced for what you get. For $1.6 mill they can get a house in a nicer part of town. Plus I read there was a lot of fine print. Basically, if it seems to be too good to be true, it is!
colormesticky colormesticky 9 years
Why don't they just knock $400k off the price of the bigger home? All these million dollar + houses going up, of course they're not selling. My BIL has 3 that have been for sale for a year and a half now. Failing that, buy the $1.6, sell it for $1.4, and come out $200k ahead when you keep the smaller house.
ladypenguin ladypenguin 9 years
The people buying $1.6 million dollar homes aren't the ones that need incentive deals.
mini_pixie mini_pixie 9 years
Seems like the perfect opportunity to get into the rental market, if you can afford the estate.
MindayH MindayH 9 years
clearly something needs to be done about the foreclosure problems
imLissy imLissy 9 years
If I had that much money for a house, I'd give the second home away t a family that needed it. Though they may have a hard time paying property taxes :-/
Renees3 Renees3 9 years
I used to live right by there, Escondido isn't that awesome of a place to live. But for a free house, Sure! Sell it, rent it, it was free! It's amazing the things people are doing to sell homes.
Lovely_1 Lovely_1 9 years
What the hell! That is nuts! I wish my credit was a little bit better so I could purchase a home in the States right now! In Canada, this would be out of the question!
verily verily 9 years
Wow, those houses are right on top of each other in the right pic. I imagine the people who buy into this deal will try to sell the second home. The builder wins out because they're enticing people to buy the multimillion dollar homes, which probably only cost the contractors 100k-200k to build.
gigill gigill 9 years
Urgh, it makes me sick for some reason. Do you REALLY need two homes people?
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