Comments on: Real Homes of Genius: Culver City Housing Bubble. Housing Shadow Inventory in Action. Countrywide Bank Owned home versus Duplex on Same Block. Foreclosure Holiday.

By: compass rose

compass rose — Tue, 29 Dec 2009 15:36:07 +0000

“Paths to reform” don’t all involve pitchforks, torches, and voting.
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The most powerful thing Americans can do to stop this mess is refuse to buy till prices come down.
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But as we all know, many, perhaps most, are just in it for the best deal they can get for themselves while passing along the costs, or outright screwing, the other guy.
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As for the CC duplex for $650K? Hell, call CCA–Corrections Corporation of America. The prison bars are already installed. Single storey would make surveillance gear installation a snap. Plus it’d take a helluva act of faith to view the numbers on this place as anything other than a boondoggle, and CCA constantly trumpets their “faith based” incarceration programs. CCA could afford the duplex, and turn it into a money engine. Plus that high-density pink establishment right next door might provide a supply of inma…er, residents. Win win. Right? RIGHT?
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sigh
rose

By: milo

milo — Tue, 29 Dec 2009 01:50:53 +0000

why does that moron think that slummish place is worth 300,000 when 45,000 is more like it….bit for the difference in tax going to pay for crony capitalism and bleed the common sap into poverty again?

By: Dave

Dave — Mon, 28 Dec 2009 17:35:55 +0000

In 5-10 years this area of Culver City will look like the ghetto that it is. I wouldn’t pay $60,000 for that duplex. This area is going to look like Detriot in 25-30 years. Get ready, people!

By: FYI

FYI — Sun, 27 Dec 2009 03:49:59 +0000

@ Kid Charlemagne – IRT your comment: “…Too bad we didn’t build any pyramids or stuff so future civilizations can ponder over why we vanished.”

Actually we have – landfills – containing all our “valued possessions” (typically from China via Walmart)…….Should provide plenty of “source material” for countless “studies” for future generations to ponder endlessly.

(excerpt from): http://econospeak.blogspot.com/2009/05/60-of-chinese-exports-to-us-are-from.html
…. [7] Kissinger Associates and Walmart folks know all about the true nature of US trade with China, after all. Walmart is China’s fifth-largest export market, ahead of Germany and Britain. [8] and is responsible for approximately 10 percent of the United States’ trade deficit with China. …..

But not to worry — as California can always work harder to raise the quantity of its No. 2 “value-added” “high-tech” export product to China up to “No. 1″……..(and lead the nation as well)…….!

CHART OF THE DAY: California’s No. 2 Export To China: Trash
http://www.businessinsider.com/chart-of-the-day-californias-exports-to-china-2009-11

By: polo

polo — Sun, 27 Dec 2009 03:47:28 +0000

flippers are still flipping, and making a flipping forturne.
http://www.youtube.com/watch?v=om10ZCFzDGg&feature=player_embedded