Alright, I know that times are tough in the real estate industry, but never did I ever expect to see something like this before. In Escondido, California there is supposedly a development group called Michael Crews Development that took the controversial leap and offered to give a house valued at $400,000 to anyone who bought a house valued at $1.6 million or more in the area called the Royal View Community.
I actually came across this at the Luxist Blog, but I had troubles actually trying to find this deal on the Michael Crews Development site. There was also a post done on this blog where another property group is willing to give anyone a Maserati Quattroporte with the purchase of one of their $2.2-$3.6 million townhomes in Bellaire.
So, that being said, what do you think about this? Do you think it's over the top or appropriate for these kinds of high-end properties?
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