Just because you're buying it at way below original list doesn't mean it's a bargain

10 Copper Beech

10 Copper Beech has closed for $6.4 million. The sellers paid $8.050 for it in 2008 and probably felt they were doing well, because its builder had started at $9.495 in 2007. Oops.

But that oops moment probably hit seven years ago in 2010, when 8 Copper Beech: same builder, same 2007 construction date and same $9.5 price, finally sold for "just" $6.970. There went a million bucks, and, as of today, yet another $600,000.

Of course, now it's the owner of 8 Copper Beech who's facing a hit, but at least it's a smaller one, and so far as I know, he's not trying to sell it, so time (may be) on his side..