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Reply to "When you see a $1M house that sold for $100k, why do people do that? "
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[quote=Anonymous][quote=Anonymous]Occasionally, I will see a house that was never on the market, yet sold for a ridiculously below-market price. It happened in my neighborhood in SF, and I just saw a neighbor's house beach community where we had a home. I assume the house is sold within a family. Is it to keep taxes low? Are there other benefits? [/quote] In the beach house community that could be the price for someone who rented it for the whole summer.[/quote]
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