Could houses really be 100% overpriced?

[femto113]

I've blogged recently about the dubious measures developers were apparently taking to prop up sales prices, guessing they were overpriced by as much as a third. Well in at least one development in Florida that seems to be overly conservative, as prices may have been inflated by 100% or more:
Marketing reps with the developer, Levitt and Sons,

Comments

[anonymous]

Sure they can. It's more than 100% in California, Northern Illinois, And entire Northeast.