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Archive Home > 2008 > April > 18 > Selling luxury at a big loss

Selling luxury at a big loss

Modern, green homes selling in short-sale agreement

By Jeff McDonald / The Bulletin
April 18, 2008

Struggling with bank debts, the 35-year-old builder of five high-profile homes constructed at the peak of the housing boom adjacent to Newport Avenue Market is now selling them at a loss.

“We built too nice of homes that weren’t supported by the market,” said Cary....

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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.