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American financial collapse strikes close to home

14 September 2008 by Mike Gogulski
Posted in economics | 2 Comments »

My ex-wife sent an interesting link along yesterday, joking, “Wanna invest in some Florida real estate?”

Home sweet forclosure

Home sweet foreclosure

This was our first house, purchased new in 1995 for about US$64,000 in Winter Springs, Florida. After we left Florida in 1997, we rented it out for a number of years to a young couple that we’d met through the rave scene, specifically through the old fl-raves listserv. When we divorced, she took ownership of the place and sold it off several years later.

Looks like someone fell on harder times and couldn’t keep up with the mortgage, as the house is now up for auction after foreclosure. I wonder if the DMT-bearing Phalaris arundinacea grass I planted around the side is still growing… or the mescaline-bearing San Pedro cactus

Starting Bid: $1,000
Previously Valued To:*$172,000
Property Type:Single Family
Year Built:1995
Square Footage:1089
No. of Bedrooms:3
No. of Bathrooms:2.00
Total Rooms:6
Lot Size:0.01
Monthly HOA Dues:$60
Occupancy Status :Vacant
Financing Available :Yes
  1. 2 Responses to “American financial collapse strikes close to home”

  2. By http://radicallibertarians.blogspot.com/ on 18 September 2008

    Reed canary grass and mescaline bearing cactus, sweet! I have a deceased friend who had an impressive mescaline-cactus collection too. Am I the only one who reads this blog that understood the significance of the grass and cactus you mentioned?

    But yea, this housing market thing is lame as all hell. Its a trip to see your own former home directly involved in the drama, isn’t it?

  3. By Mike Gogulski on 19 September 2008

    Well I did link to the wikipedia stuff about them, so I imagine that interested parties can find out :) But yeah, it’s a hell of a thing, really, to see the bombs striking closer to home.


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