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 May 11, 2007

One Couple's Fixer-Upper Nightmare
A young couple's dreams literally collapsed in San Francisco this past weekend, when their home caved-in.
Bill Zhou, along with his wife invested $525,000 in an 870 SF cottage which was built in 1910. The couple found the home to be quite a bargain in a city where the average mean price of a home is approximately $755,000. Bill and his wife had planned on doing renovation work by themselves.

This past Sunday afternoon the house literally caved-in. Luckily no one was hurt.

Prior to the collapse, the home had been featured in The San Francisco Examiner, which described it as the "cheapest house on the market." The story had mentioned that the Real estate agent that sold the property to them warned them to enter at their own risk!

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