<p>*raises hand*</p>
<p>BK, I think that as time passes you may find some bargains (comparitively speaking). If the cost basis for the owner is no or low, and their circumstances are such that they need to sell (i.e., job transfer, growing family, etc.) or if the new generation is underwater because they HELOC'd it to death, there may be enough incentive to lower the price. I've seen two nice houses in FP that started at over $1M and one didn't come off market until it dipped into the $900Ks. The other is still for sale in the high $900Ks. I don't know if the other one sold. It was in and out of escrow several times. It's possible that the owners gave up after several months because to sell for less than their asking price would result in a short sale. </p>
<p>I think I recall the Craftsman in PS. Was that a Sandy DeAngelis listing and the owner was an architect? If so, keep in mind the state of the real estate and credit markets at the time of the sale. Plus, that appeared to be a <em>very</em> well done restoration. That's not very common anymore. </p>
<p>We went looking yesterday and saw one semi-promising prospect. I kept thinking, "I wish BK was here to tell me what to look for!"</p>