Comments on: Real Homes of Genius: Today we Salute you Long Beach with our Real Home of Genius Award. 792 Square Feet for $109,900. Built During the Great Depression and Offered at New Depression Prices.

By: Johnny Mac

Johnny Mac — Thu, 31 Jul 2008 06:21:42 +0000

In the city of long beach 90805 a home was listed the other day 3-1 2 car garage
1000sq ft 5000 lot. Sold 6-06 for 510. It was listed at 189. 63% off.

By: Peter T

Peter T — Thu, 31 Jul 2008 03:34:11 +0000

> When Scott Almeida walked out of federal prison and into the mortgage business, (…) Florida regulators — responsible for protecting borrowers from predatory brokers — could have rejected him on the spot.

Ex-cons have to work somewhere. I would object to a mortgage broker dealing cocaine, but why shouldn’t a former cocaine dealer broker mortgages after his time in jail? It is not like they admitted him to the bar or let him work as a pharmacist. By the way, how did he do as mortgage broker? There was no mentioning of any further crime, so I assume he tried to peddle mortgages like every other broker and is now out of work as many others.

> they asked for a character reference: He gave them a note from his mom.

Now, that is ridiculous, but not his fault.

By: Reena

Reena — Thu, 31 Jul 2008 00:10:42 +0000

Anyone seen the Visa quarterly earning report?
41% profit increase…
Remember that VISA and MC make their money from the processing
fees charged to merchants. They don’t actually loan the money,
the banks do.

They say that the profits are due to the increase in the european market…

Yeah right… it’s because this nation is charging themselves to death
with “easy” money. Can’t pay your bills anymore? Charge them!
Give it another 6 months and then this fountain of money will cease too
when the cards are maxed out.

By: SEAN

SEAN — Wed, 30 Jul 2008 23:32:09 +0000

WNBC TV here in New York just reported that house prices in the Hamptons fell 12% from May of last year to May of this year. Gee I wonder why.

Anyway I must ask, would this house pass inspection by the Los Angeles County housing authority or the equivlant agency in Long Beach for low income residents? I would say no, but who knows.

By: CompaJD

CompaJD — Wed, 30 Jul 2008 17:53:34 +0000

There are some areas in Long Beach that make Compton and Watts look like Bel Air. This house seems like it’s in one of those areas. The only thing positive about this place is that you can can use your car as a house alarm if you park it close enough to your front door. That price still seems amazingly high if you ask me. I expect those bungalows to drop another 40% percent before this is all over. I guess we will have to wait another year or 2 before we start seeing affordable housing in decent livable zip codes.