I love those buy one, get one free sales at my grocery store. Not quite as much as I love the buy one, get TWO free sales, but I love them. So imagine my interest being piqued when I saw this morning that a developer in California is offering a buy one, get one house sale.

Surely there is a catch I thought.

Well, the catch is that if you have 1.6 million to purchase a luxury home, a San Diego developer will give you a row house valued at $400K to go along with it. He thinks that people will want the second home for investment or maybe for a family member. So far no one has taken him up on the deal and the one person who has closed on their 1.6 million dollar home declined to accept the the row house. Which is odd, why not just give it away?

I suspect that the free publicity he has received from this far exceeds any actual sales, or houses given away for free. That makes it a win-win situation for the developer, doesn’t it?

This entry was posted on Sunday, June 15th, 2008 at 8:11 pm and is filed under In The News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.