Good luck with that

Despite buying near the peak, at the peak, or just as the real estate market began to fail, these owners have already placed their properties back up for sale.

These owners are not looking to barely break even on their purchases. Instead, they're hoping to cash in for a profit. Maybe we'll be proven wrong, and some buyers will come out of the woodwork. Then again, maybe not.

31597 Via Cruzada, S.J. Capistrano, 92675
Asking price: $1,775,000
Purchase price: $1,369,000
Purchase date: 6/1/2004
Days since previous sale: 1,228
Potential profit (incl. 6% selling costs): $299,500
Potential appreciation per day of ownership: $265.51

856 Calle Pluma, San Clemente, 92673
Asking price: $567,500
Purchase price: $494,545
Purchase date: 1/9/2006
Days since previous sale: 641
Potential profit: $38,905

Net potential appreciation per day: $60.69

29 Abyssinian Wy, Ladera Ranch, 92694
Asking price: $1,269,000
Purchase price: $846,500
Purchase date: 10/21/2004
Days since previous sale: 1,086
Potential profit: $346,360

Net potential appreciation per day: $318.93

24451 Los Serranos Dr., Lag. Niguel, 92677
Asking price: $977,000
Purchase price: $875,000
Purchase date: 8/18/2005
Days since previous sale: 785
Potential profit: $43,380

Net potential appreciation per day: $55.26

225 Glenneyre St. #1E, Laguna Beach, 92651
Asking price: $975,000
Purchase price: $690,000
Purchase date: 10/14/2004
Days since previous sale: 1,093
Potential profit: $226,500

Net potential appreciation per day: $207.22