Comments on: Real Homes of Genius: Today we Salute Culver City. Flipping Homes in Today’s California Housing Market.

By: Will

Will — Wed, 12 Mar 2008 01:14:21 +0000

Great post! This is so true and now a lot of these greedy investors who contributed to the problem are now paying for it. It is absurd that a home of that size could go for even $250K, let alone $600k
I invest for long term and therefore purchase not on speculation but buy and hold fundamentals. It is fun, lower risk, and much more profitable plus the tax loopholes are never-ending. Anyone interested go to my website at
www.nationwidepropertyinvestments.com

By: parttypinreno

parttypinreno — Tue, 08 Jan 2008 16:44:57 +0000

This comment is regarding the january 8th 2008 post referring to seasonal workers, I wondered if you factored in the fact that some of these employers out there are keeping their seasonal workers on a partime basis only instead of hiring them full time they often cut their hours back and keep them on as standby with barely enough hours to get by on in the real world …I noticed a lot of them hire most helpers as part time workers these days if you think about it if they have 400 workers working 20 hours a week verses 200 workers working 40 hours a week they still only have 200 workers working for them but by keeping them partime it keeps the numbers up if we factor in what they are paying out wed get a lot better job report, its not how many people that are working it should count more towards how much money is shelled out now theres another pie chart we have yet to see no?

By: speedingpullet

speedingpullet — Sat, 05 Jan 2008 20:12:52 +0000

I really like the ‘ stone-dead plants in front’ touch, don’t you?

Sadly, $600K is about par with other wishing prices in Culver City.

I wish I could fast-forward to Jan 2009, to a) avoid the frakking Primaries - I’m sick of all the candidates on both sides already, and b) find a house on Westside for less than half a million dollars that I could swing a cat in.
Sigh.

By: Curt

Curt — Thu, 03 Jan 2008 17:55:00 +0000

My, My, My, what a beauty! Is it that much of a privilege to live in Culver City? I see i n the weather where there’s a rain storm coming. Looking at that roof, it makes one wonder if it will shed water. They may need to sell it before the next storm hits. Someone has lost touch with reality here. I hope its not me!

By: keith

keith — Thu, 03 Jan 2008 17:03:29 +0000

remember this profit short term ‘ordinary’ income so subtract another 50% for taxes as you can’t 1031 flips and a regular job without the risk looks a lot better!