Comments on: Real Homes of Genius: End of $1 Million Home in Pasadena and the Extinction of Mortgage Equity Withdrawals. http://www.doctorhousingbubble.com/real-homes-of-genius-end-of-1-million-home-in-pasadena-and-the-extinction-of-mortgage-equity-withdrawals/ How I Learned to Love Southern California and Forget the Housing Bubble Fri, 09 Jan 2009 13:47:32 +0000 http://wordpress.org/?v=2.2.2 By: Mr Pasadena http://www.doctorhousingbubble.com/real-homes-of-genius-end-of-1-million-home-in-pasadena-and-the-extinction-of-mortgage-equity-withdrawals/#comment-6887 Mr Pasadena Sun, 27 Jan 2008 16:16:08 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-end-of-1-million-home-in-pasadena-and-the-extinction-of-mortgage-equity-withdrawals/#comment-6887 I don't know if my previous post went thru but I wanted to add the following. However, a vacant house on 2336 Loma Vista St is now listing for $799K but 1 1/2 years ago, it was listed for over $1.1 million. Some genious bought it for $930K in 7/2006 and wanted to immediately gain nearly $200K in profit. It didn't sell and now is listing for $131K less than purchase price. I don’t know if my previous post went thru but I wanted to add the following.

However, a vacant house on 2336 Loma Vista St is now listing for $799K but 1 1/2 years ago, it was listed for over $1.1 million. Some genious bought it for $930K in 7/2006 and wanted to immediately gain nearly $200K in profit. It didn’t sell and now is listing for $131K less than purchase price.

]]> By: Mr Pasadena http://www.doctorhousingbubble.com/real-homes-of-genius-end-of-1-million-home-in-pasadena-and-the-extinction-of-mortgage-equity-withdrawals/#comment-6886 Mr Pasadena Sun, 27 Jan 2008 16:12:02 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-end-of-1-million-home-in-pasadena-and-the-extinction-of-mortgage-equity-withdrawals/#comment-6886 This is a good example but try these. Two recently sold house on 2424 and 2383 E. Mountain street went for $585K. A smaller house on the same block was sold for $527K in 2004. Granted the 2004 house had better curve appeal but it was significantly smaller. Another house sold on address 2336 sold for $925 about a year ago. This house was well maintain and also had very good curve appeal. I knew the previous owner. However, a vacant house on 2336 Loma Vista St is now listing for $799K but 1 1/2 years ago, it was listed for over $1.1 million. Some genious bought it for $930K in 7/2006 and wanted to immediately gain nearly $200K in profit. It didn't sell and now s listing for $131K less than purchase price. This is a good example but try these. Two recently sold house on 2424 and 2383 E. Mountain street went for $585K. A smaller house on the same block was sold for $527K in 2004. Granted the 2004 house had better curve appeal but it was significantly smaller. Another house sold on address 2336 sold for $925 about a year ago. This house was well maintain and also had very good curve appeal. I knew the previous owner. However, a vacant house on 2336 Loma Vista St is now listing for $799K but 1 1/2 years ago, it was listed for over $1.1 million. Some genious bought it for $930K in 7/2006 and wanted to immediately gain nearly $200K in profit. It didn’t sell and now s listing for $131K less than purchase price.

]]> By: 20 sumfin dweeble http://www.doctorhousingbubble.com/real-homes-of-genius-end-of-1-million-home-in-pasadena-and-the-extinction-of-mortgage-equity-withdrawals/#comment-6595 20 sumfin dweeble Wed, 23 Jan 2008 17:31:15 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-end-of-1-million-home-in-pasadena-and-the-extinction-of-mortgage-equity-withdrawals/#comment-6595 Ok well I am not a dweeble. I will say however that I am 25 years old with absolutely no debt to my name and refuse to put debt to my name. It makes life rough not being able to do alot of things that people do like "Satellite TV" yes my credit rating is so non existent I cannot get that :) But for all that what do I get? No harrasing phone calls. Nothing! I cant have my stuff taken from me that I have worked to get. I own my car I buy reasonable cars. Only sad thing is I rent right now, However if the housing market takes a downturn and becomes affordable I will buy outright otherwise I wont own. There is no need to put myself in debt. At least this is how I feel. Banks and the Fiat Money System get their power from debt. I feel debt is extortion and morally wrong. Ahh the spice of life.. Being not able to keep up with the jones'es is so awesome as I know better LOL!! Ok well I am not a dweeble. I will say however that I am 25 years old with absolutely no debt to my name and refuse to put debt to my name. It makes life rough not being able to do alot of things that people do like “Satellite TV” yes my credit rating is so non existent I cannot get that :) But for all that what do I get? No harrasing phone calls. Nothing! I cant have my stuff taken from me that I have worked to get. I own my car I buy reasonable cars.

Only sad thing is I rent right now, However if the housing market takes a downturn and becomes affordable I will buy outright otherwise I wont own. There is no need to put myself in debt. At least this is how I feel. Banks and the Fiat Money System get their power from debt. I feel debt is extortion and morally wrong.

Ahh the spice of life.. Being not able to keep up with the jones’es is so awesome as I know better LOL!!

]]> By: drhousingbubble http://www.doctorhousingbubble.com/real-homes-of-genius-end-of-1-million-home-in-pasadena-and-the-extinction-of-mortgage-equity-withdrawals/#comment-6445 drhousingbubble Wed, 23 Jan 2008 04:19:14 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-end-of-1-million-home-in-pasadena-and-the-extinction-of-mortgage-equity-withdrawals/#comment-6445 The Fed just blinked and is saying "hey, no problem here everyone!" while they just slashed rates by .75 basis points. With talk of a even bigger stimulus package, we already know what road we are heading down and none of this is unexpected. Hold on to your hats folks, it is going to get bumpy. The Fed just blinked and is saying “hey, no problem here everyone!” while they just slashed rates by .75 basis points. With talk of a even bigger stimulus package, we already know what road we are heading down and none of this is unexpected.

Hold on to your hats folks, it is going to get bumpy.

]]> By: John H. http://www.doctorhousingbubble.com/real-homes-of-genius-end-of-1-million-home-in-pasadena-and-the-extinction-of-mortgage-equity-withdrawals/#comment-6450 John H. Tue, 22 Jan 2008 21:25:11 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-end-of-1-million-home-in-pasadena-and-the-extinction-of-mortgage-equity-withdrawals/#comment-6450 Dr. HB Can you elaborate on your statement? "The Fed just blinked and is saying “hey, no problem here everyone!” while they just slashed rates by .75 basis points. With talk of a even bigger stimulus package, we already know what road we are heading down and none of this is unexpected. " Dr. HB

Can you elaborate on your statement?

“The Fed just blinked and is saying “hey, no problem here everyone!” while they just slashed rates by .75 basis points. With talk of a even bigger stimulus package, we already know what road we are heading down and none of this is unexpected. “

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