Comments on: Real Homes of Genius: $1 Million Discount for a 948 Square Foot Long Beach Condo! http://www.doctorhousingbubble.com/real-homes-of-genius-1-million-discount-for-a-948-square-foot-long-beach-condo/ How I Learned to Love Southern California and Forget the Housing Bubble Wed, 07 Jan 2009 01:08:20 +0000 http://wordpress.org/?v=2.2.2 By: Praisley http://www.doctorhousingbubble.com/real-homes-of-genius-1-million-discount-for-a-948-square-foot-long-beach-condo/#comment-18286 Praisley Sat, 14 Jun 2008 16:34:29 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-1-million-discount-for-a-948-square-foot-long-beach-condo/#comment-18286 Love the comment on Great Freeway Access: "I love how these ads tell us that you have “great freeway access” when everyone in Southern California by default has great freeway access. You’ll be stuck on the freeway once you do get on and idling away that precious $4 a gallon fuel but yes, you do have great freeway access." It's true...absolutely true. Each day, I drive the 105, 405, and the 90 freeways. When I am lucky, I get to add the 110, 10, 101 and the 5 freeways. Now driving the 91 and 605 freeways is really pushing it but yes, sometimes I get to drive all 9 freeways in one day because of our GREAT FREEWAY ACCESS. I'm with you. Give me a break:) Love the comment on Great Freeway Access: “I love how these ads tell us that you have “great freeway access” when everyone in Southern California by default has great freeway access. You’ll be stuck on the freeway once you do get on and idling away that precious $4 a gallon fuel but yes, you do have great freeway access.”

It’s true…absolutely true. Each day, I drive the 105, 405, and the 90 freeways. When I am lucky, I get to add the 110, 10, 101 and the 5 freeways. Now driving the 91 and 605 freeways is really pushing it but yes, sometimes I get to drive all 9 freeways in one day because of our GREAT FREEWAY ACCESS. I’m with you. Give me a break:)

]]> By: Ben http://www.doctorhousingbubble.com/real-homes-of-genius-1-million-discount-for-a-948-square-foot-long-beach-condo/#comment-15702 Ben Sun, 25 May 2008 04:40:34 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-1-million-discount-for-a-948-square-foot-long-beach-condo/#comment-15702 Maybe the 2005 owners trashed the place. Maybe the 2005 owners trashed the place.

]]> By: Reena http://www.doctorhousingbubble.com/real-homes-of-genius-1-million-discount-for-a-948-square-foot-long-beach-condo/#comment-15536 Reena Sat, 24 May 2008 03:23:01 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-1-million-discount-for-a-948-square-foot-long-beach-condo/#comment-15536 Long Beach? My dear Ex Brother In-law did buy there. A tiny 2 Bdrm. 2 bath house, corner lot, 4 blocks away from the beach.... for a whooping 925K around 2005. I think it was a bungalow built in the 1960's? The townhouse I rent for $1100 is bigger than his 925K house... I told him then that he is nuts... but unfortunately he got caught up in the mania... I don't understand Southern California even back in 2005 you could have bought a Mansion and enough acreage to have your own wildlife preserve in Northern Ca. with this price tag. Congratulations... he is now looking into "buying" a house in Mexico. Reena Long Beach?
My dear Ex Brother In-law did buy there.
A tiny 2 Bdrm. 2 bath house, corner lot, 4 blocks away from the beach….
for a whooping 925K around 2005. I think it was a bungalow built in the 1960’s?

The townhouse I rent for $1100 is bigger than his 925K house…

I told him then that he is nuts… but unfortunately he got caught
up in the mania…
I don’t understand Southern California even back in 2005 you could
have bought a Mansion and enough acreage to have
your own wildlife preserve in Northern Ca. with this price tag.

Congratulations… he is now looking into “buying” a house in Mexico.

Reena

]]> By: Hubbert http://www.doctorhousingbubble.com/real-homes-of-genius-1-million-discount-for-a-948-square-foot-long-beach-condo/#comment-15485 Hubbert Fri, 23 May 2008 20:35:59 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-1-million-discount-for-a-948-square-foot-long-beach-condo/#comment-15485 Jes, the futures declines are "to spot," i.e., the current price at the moment the report was generated. In other contexts, we do indeed talk about drop from peak, but not here. Jes, the futures declines are “to spot,” i.e., the current price at the moment the report was generated.

In other contexts, we do indeed talk about drop from peak, but not here.

]]> By: John S. http://www.doctorhousingbubble.com/real-homes-of-genius-1-million-discount-for-a-948-square-foot-long-beach-condo/#comment-15471 John S. Fri, 23 May 2008 19:02:38 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-1-million-discount-for-a-948-square-foot-long-beach-condo/#comment-15471 "Real Homes of Genius: $1 Million Discount for a 948 Square Foot Long Beach Condo!" I would be willing to bet those sales prices, prior to 2005, are based on the entire building. I believe the entire building was purchased in 2005 as an apartment building and they converted it to condos. That would make the most sense to me. Even at the peak, nice 1+1 condos in Long Beach, on the beach, with a straight on ocean view never went over the $1,000,000 mark. This one is like a mile or so inland, with no view. This place had to be a condo conversion. If it is not, I want to sell that 2005 buyer the Vincent-Thomas Bridge! What do you think Dr. Housing Bubble? All we need now is some sign spinners and the buyers will come running! Here is the listing again - http://www.redfin.com/CA/Long-Beach/3305-E-Ransom-St-90804/unit-D/home/7604374 “Real Homes of Genius: $1 Million Discount for a 948 Square Foot Long Beach Condo!”

I would be willing to bet those sales prices, prior to 2005, are based on the entire building. I believe the entire building was purchased in 2005 as an apartment building and they converted it to condos. That would make the most sense to me. Even at the peak, nice 1+1 condos in Long Beach, on the beach, with a straight on ocean view never went over the $1,000,000 mark. This one is like a mile or so inland, with no view. This place had to be a condo conversion. If it is not, I want to sell that 2005 buyer the Vincent-Thomas Bridge! What do you think Dr. Housing Bubble?

All we need now is some sign spinners and the buyers will come running!

Here is the listing again - http://www.redfin.com/CA/Long-Beach/3305-E-Ransom-St-90804/unit-D/home/7604374

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