Richard Shih, who's been house hunting since 2000, always knew that financial gravity would re-enter this overheated housing market.No word yet from The National Association of Realtors who didn't predict these sorts of price declines.
It has. And he just made an astounding deal.
Shih recently paid $336,500 in cash for a house in the 22800 block of Crespi Street in Woodland Hills, a south-of-Ventura Boulevard property valued last May at $855,000.
Sunday, April 13, 2008
Five California buyers profit from a real-estate cycle that brings home prices within reach
The L.A. Daily News reports:
