Comments on: Real Homes of Genius: Today we Salute you Lakewood. A Short Sale with a $100,000+ Loss.

By: Benjamin

Benjamin — Wed, 01 Aug 2007 17:42:00 +0000

Heres another RHG...

MLS#: S489104

8445 NORWALK BLVD
Whittier, CA 90606

Sold 9/22/2000 $153,000
Sold 7/13/2004 $335,000
For sale today $229,500 (!)

By: nancy

nancy — Mon, 30 Jul 2007 23:16:00 +0000

Here’s a RHG located in the South Bay - doesn’t everyone want to live at the beach?

http://tinyurl.com/3ynygq
MLS#S935980

Sales History
Date - Price - Appreciation
10/10/2006 - $800,000 - 16.2%/yr
06/06/1996 - $169,000 - -46.0%/yr
09/25/1995 - $260,000 - -8.1%/yr
01/14/1994 - $300,000
–

By: Lance

Lance — Mon, 30 Jul 2007 22:45:00 +0000

Musnbny - Hit it right on the head. I lay in bed at night wondering how people do it. I have a household income of about $300k and we really have to think about the idea of buying anything for more than $600k. With homes in my area (West Los Angeles - 90066) selling for well over $1MM, I just don’t know how people do it. My rent is $2,500/month - which is quite a bit less than what I would spend on a mortgage, but I have a horrible time thinking I should just “do it”.

Sigh, I need a support group (AA anyone?) to keep me on the narrow. Keep me away from putting the Real Estate 2007 Noose around my neck.

By: suny

suny — Thu, 26 Jul 2007 21:05:00 +0000

wow, some body know,2+2 is 4 not 22.
I love my math teacher.How guys afford 3000 payment with 2000 per month salary, beats me.Exotic is fun in vegas, not in home.
lets wait,when real housing price sets in in real tome coming soon.

By: Musnbny

Musnbny — Thu, 26 Jul 2007 15:12:00 +0000

My wife and I are renting in the IE. Our rent payment is equivalent to a mortgage payment on an about 650000 house including taxes and insurance. We can’t find a house that we like at 650000. Therefore we rent and we have a household income of 300K annually. I’m amazed at the kind of debt people who make less than me get themselves into. If I really can’t “afford” a 500K house, how can others??? It is just too much of our monthly net after we save for retirement.

Used house salesman is one of the best phrases that I’ve read lately, thanks!

I looked at a house in upland on the market for just over a million dollars, just for fun. We liked the backyard but the house was smallish. The owner asked another couple that was looking at it “what do you think of the price?” The guy gave a lame answer like “well it depends on who you ask.” Actually the seller said it is priced at the appraisal done 3 months ago. Ha! Everyone knows (or should know) that the appraisal industry has lost every shred of credibility that it once might have earned. It is a sham. You expect ME to buy YOUR house based on an appraisal?? Ok, I guess I must be retarded so I’ll make you an offer… HUH? The only offers that should be made on houses in this market should be reasonable… unfortunately to make an offer 200K less than asking seems unreasonable. Well, might I remind you that in 1999 a 1400 sq ft entry level home in Rancho Cucamonga sold for less than 200K? If I would have told you then that they would be listed now for 500K would you have thought that was “unreasonable”?? Of course you would have? You would have thought I was delirious!

The local paper “daily bulletin” had an un-enlightened article in it today about housing quoting some nutcase that buyers and sellers are equally comfortable waiting this out and that our upcoming population boom will take care of all the problems. Really?

Some talking holes have been visiting the legal dope dispensery in Claremont… and it ain’t for cancer pain treatment…