Saturday, April 30, 2005

Houses Are Like Rock Concerts

Brian
The Arizona housing market is so ridiculously overhyped right now that prospective buyers in the Phoenix suburbs are camping out overnight outside real estate sales offices to get the top houses:
Spencer Anderson is one Valley resident who bought into the "excitement" when he thought he would spend a quiet night alone on the stoop of the Pulte sales office at the Copper Basin development last month.

He had heard the subdivision, about an hour from downtown Phoenix along Hunt Highway in Pinal County, had been planning to release lots the following morning, and he wanted to get a jump on the competition by spending the night in line.

But Anderson, 27, wasn't the only potential buyer with that idea. At 10:30 on a Friday night, 13 people were already in line ahead of him.

"I didn't think there would be that many people hanging out sleeping overnight to do it," Anderson said.

By morning, Anderson said, more than 50 people were waiting in line for only nine lots released for sale that day.

After spending the night in his car and hanging out around a fire pit, gabbing with other prospective buyers and having a few beers, Anderson never did get a lot. A real estate agent had positioned nine clients at the front of the line at 4 p.m. the previous afternoon, a move Anderson thought was pretty smart.

Link. This is significantly less cool than camping out for Stones seats or Series tickets, marginally less cool than camping out for the midnight showing of Star Wars, and yet slightly more cool than camping out for Star Wars at the wrong theater.

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Blogger Clickbank Mall said...

Great Post but was not what I was looking for. But you really have a gread blog here. Keep it going.


I'll stop back every so often to see new updates maybe something will interest me in the future.

Have a good day.

6:30 PM  
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