Big Discounts at Rancho Cucamonga Auction

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Among the excellent, albeit gloomy, offerings this morning over at Patrick.net: this rundown of the deep discounts evident in auctions of luxury homes out in Rancho Cucamonga.

Snippet: ‘These 7 beautiful Wilson Estates Luxury Homes in north Alta Loma, the crown jewel of the Inland Empire, were listed for over $1,200,000 in early 2007.

‘By April the price had been reduced to the mid $900,000’s with a banner which read MUST SELL BY MAY 5!

‘The price reduction didn’t bring a single buyer! On May 20th the banner was replaced with a sign which reads, ‘AUCTION. 7 New Luxury Homes. MINIMUM BID $695,000.’’

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