Garden Shed for a House - a Steal at $375k!

America's Overvalued Real Estate Blog's entries are each "a nasty overpriced wreck". This one is titled Garden Shed:

Occasionally, nasty overpriced wrecks are described as "garden sheds". However, this particularly disgraceful Seattle listing might actually have started its life as a storage facility for horticultural implements. ...

And who can blame the current owner of this garden shed. Just install two windows, a door and some inside partition walls, and quicker than you can call a local realtor and say "reasonably priced starter home", he has a $375k property on the market. That is the sad reality when a city suffers from a bubble; sheds become houses, crack houses become single family homes, and beach huts become seaside mansions.

Many more overvalued properties listed! Link (Thanks Dave Birt!)


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