Housing Pain: Developer Offers Buy One Get One Free

In a sign of where the housing crisis currently is, Michael Crews Development in Escondido has opted for a nover approach to selling homes: they’re offering a second home for free! If you buy into one of their more expensive subdivisions in Escondido, they’ll throw in a home from their less expensive Cityscape subdivision.

The offer has expired, but I suspect the developer is at least pleased with the coverage they are getting by putting out this offer. Nevertheless, the offer provides some insight into how far developers are looking to go in order to move inventory. A tough environment to be selling in for sure.

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