If you can’t sell your real estate property at an auction with prices falling from $5.6 million to $2.5 million, within several minutes, you’ve got a big problem.
Not only did that happen at a recent Florida auction, but the property, located on Williams Island, didn’t sell at all.
What’s going on in Florida? More importantly, what’s going to happen next with this overbuilt, over-rated market?
There’s more… The Donald has lowered the price of his 6 acre Palm Beach manse by (could this really be true?) $25 million.
This drama has not played itself out yet.