This is the typical strategy of this particular broker pair-I've seen them do it before. They overprice a house on purpose, then when the buyer underbids and gets the offer accepted the buyer feels like they got a deal. The "real" asking price is usually at least 300k less than what is advertised.

Posted by: verysleepy at May 6, 2009 1:45 PM in response to House of the Day: 433 Pacific Street

Happy to see this discussion topic. Wondering myself about the new jumbo limit I read about in the NYT.

-We live in a co-op.
-Currently have an interest-only loan which kicks into a fixed rate loan after the first 10 years. Rate for first 10 years is 6.375%
-It is a jumbo loan under the old definition.
-DH was laid off.
-If the jumbo limit is changed hoping we can refinance but not sure with DH being underemployed at the moment. Initial calls to Citi were not promising. They basically suggested that we'd have to start missing payments before they considered a refinance for us!

Posted by: verysleepy at January 16, 2009 12:15 PM in response to Jumbo Limits-Worth Refinancing?

Only somewhat more appealing at night with the lights on. I call this the broken water pipe installation.

Posted by: verysleepy at August 28, 2008 12:09 PM in response to BHA Wants Waterfalls Shut Down

Mr. B has salvaged marble countertops if I remember correctly.

Posted by: verysleepy at July 28, 2008 4:49 PM in response to Condo of the Day: 255 Eastern Parkway, #C16