How Bad is the Real Estate Market?

By John C. Lee | October 01, 2008 | 9:00 AM | 0 Comments

I've bought an abandoned 3BR/1BA house for $3,000 before, but this is INSANE:

SAGINAW, Mich. - With a winning bid of just $1.75, a Chicago woman has won an auction for an abandoned home in Saginaw. Joanne Smith, 30, recently was the top bidder for the home during an auction on eBay, The Saginaw News reported. Her bid was one of eight for the home.