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After Chop #1, This Barnes Landing Ranch Is Listed At A Loss

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After listing back in August of 2011, it looks like the owner of this three-bedroom in the Barnes Landing area of Springs has accepted that they won't be breaking even. A $145K pricechop the other day means that they're asking a full $100K less than the $1.15M they paid for the place more than six years ago. And while the brokerbabble claims that this is "one of the most special properties" in the area, it's a pretty safe assumption that the home will see even more cuts before a buyer is found. Anybody remember when real estate was considered a safe investment?

· Listing: 64 Winding Way [Corcoran]