OfflineI just got this article, fire sale? I understand its meaning. share with you guys.
---------------------------------------------------
http://www.irealtytimes.com/articles/2304/20120417/california-mansion-fi...
------------------------------------------
what can we see the California market?
It has 17 bathrooms, a 17-car garage, marbled floors, gold leaf ceilings, a vineyard, horse stables, tennis courts and a lake - and occupies the largest parcel of residential real estate on southern California's exclusive Newport Coast.
This empty, never-sold, soon-to-be-auctioned mega-mansion is a gaudy symbol of the runaway extravagance that gripped the top end of the U.S. real estate market before the housing crash of 2008. Once valued at $87 million, it could be sold for a quarter of that price at an auction next week.
......
Hey Cindy,
Holy Moly, what a dream estate!
"Do, or do not. There is no 'try'"
------Yoda
Think, say and do what is right; refuse to think, say or do what is wrong.