Today's F@cked Buyer (West Palm Beach)

Wait… I thought that Baby-Boomers were moving here in droves (along with millions of wealthy foreign investors). Then, why is this Century Village property being offered for 55% off its 2005 purchase price?

184 SUSSEX J 184 # 184, West Palm Beach, FL 33417

• 2 Bed, 1.5 Bath Condo
• Bought in September 2005 for $100,000
• On the MLS for $44,900
• Days on the Market: 16
• Loss before the Realtor® commission: $55,100
• Loss after the Realtor® commission: $57,794