Comments on: Real Homes of Genius: Today we Salute you Maywood. 853 Square feet for $385,000. http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-maywood-853-square-feet-for-385000/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 18 Mar 2010 21:29:45 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Anonymous http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-maywood-853-square-feet-for-385000/comment-page-1/#comment-1075 Anonymous Tue, 19 Jun 2007 15:27:00 +0000 http://www.doctorhousingbubble.com/?p=104#comment-1075 You have to be kidding. Eagle Rock, I rented a house there for a while and it was the worst experience I ever had living in LA. The place is a shit hole, almost as bad as East LA or South Central. The week before we finally moved we had swat teams all around us looking for a cop murder suspect. The neighbors where all trash Mexicans, partying all the time till 4 am, blaring Mexican polka, fighting and drinking like mules.<br/>Whoever finances this shit should be thrown in prison immediately. You have to be kidding. Eagle Rock, I rented a house there for a while and it was the worst experience I ever had living in LA. The place is a shit hole, almost as bad as East LA or South Central. The week before we finally moved we had swat teams all around us looking for a cop murder suspect. The neighbors where all trash Mexicans, partying all the time till 4 am, blaring Mexican polka, fighting and drinking like mules.
Whoever finances this shit should be thrown in prison immediately.

]]> By: Anonymous http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-maywood-853-square-feet-for-385000/comment-page-1/#comment-1072 Anonymous Tue, 19 Jun 2007 07:34:00 +0000 http://www.doctorhousingbubble.com/?p=104#comment-1072 http://www.catalisthomes.com/searchDetail.aspx?PropertyId=1577757<br/>Check out this real home of genius. $850,000 for 3 bedroom 2 bath 1,300 sq foot flipper with no style. They bought a 650 sq ft house in Dec 2006 for $630,000 hammered on a couple of rooms and some laminate flooring, maybe some ghetto stucco for good measure and hey presto a $220,000 profit. This house should be $220,000. http://www.catalisthomes.com/searchDetail.aspx?PropertyId=1577757
Check out this real home of genius. $850,000 for 3 bedroom 2 bath 1,300 sq foot flipper with no style. They bought a 650 sq ft house in Dec 2006 for $630,000 hammered on a couple of rooms and some laminate flooring, maybe some ghetto stucco for good measure and hey presto a $220,000 profit. This house should be $220,000.

]]> By: turdly http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-maywood-853-square-feet-for-385000/comment-page-1/#comment-1057 turdly Sun, 17 Jun 2007 05:50:00 +0000 http://www.doctorhousingbubble.com/?p=104#comment-1057 You won't get a dela reading the MLS, it makes you just the same as everyother schlock reading them. If you've got cash the deals are out there. I've been coachinga friend who just bought a house. Every flea bag crap joint was 750k. Ya know what? He found a great house, beautifully kept, 6 bedrooms 4 baths and a loft, fantastic pool, built in 1999, OC. Was listed at 1.01m then 949k. He has cash. Offered them 745k and a 4 day close. The sellers jumped on it because they have to be closed on their new house in Colorado by the end of the month. If you don't have the cash, you're just the same as the seller that won't come down in price. Shirttailing on the dreams and accomplishments of others. They want full price for no reason. You want a discount for mno reason. Get out of the group to get the deal. You're just one of the herd. You won’t get a dela reading the MLS, it makes you just the same as everyother schlock reading them. If you’ve got cash the deals are out there. I’ve been coachinga friend who just bought a house. Every flea bag crap joint was 750k. Ya know what? He found a great house, beautifully kept, 6 bedrooms 4 baths and a loft, fantastic pool, built in 1999, OC. Was listed at 1.01m then 949k. He has cash. Offered them 745k and a 4 day close. The sellers jumped on it because they have to be closed on their new house in Colorado by the end of the month. If you don’t have the cash, you’re just the same as the seller that won’t come down in price. Shirttailing on the dreams and accomplishments of others. They want full price for no reason. You want a discount for mno reason. Get out of the group to get the deal. You’re just one of the herd.

]]> By: Anonymous http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-maywood-853-square-feet-for-385000/comment-page-1/#comment-1055 Anonymous Sat, 16 Jun 2007 18:38:00 +0000 http://www.doctorhousingbubble.com/?p=104#comment-1055 I live in San Diego and have been waiting for all these 'deals' to happen but I'm still waiting. My co-worker has also been studying the market in hopes of getting a fixer upper for her family to work on. But she isn't seeing the deals either. Hell, a few properties have actually raised their prices. I see lots of properties that been reduced by 10K-30K, but considering that prices have doubled over the past five years, I consider that a blip on the radar.<br/><br/>I went back to look at the San Diego housing price historical data of the 90s and I was surprised to see that the 'market crash' of the 90s was pretty insignificant as well. Properties doubled in value for five years and then dropped 10% over two years. The charts show big increases and then a small correction for a few years with some leveling off and then big increases following right behind it. This is a "crash"? If your house went up a 100K, then losing 10K is minor. <br/><br/>Again, I ask: Where are these deals??? They're not in the MLS. Countrywide's REO website has thousands of properties for sale but when I pull them up on the MLS they are listed at market price. No reduction in prices. Just doesn't make sense to me that no one is buying houses but no one is really discounting them either (again, I don't consider price drops of 10K=30K significant in an area where a small house goes for $500K+). <br/><br/>Can anyone explain how the "SoCal market is plummeting" and San Diego prices are barely moving? We ARE SoCal last time I checked. I search the MLS for deals and I can't find any. Right now it's all hype and no substance. I live in San Diego and have been waiting for all these ‘deals’ to happen but I’m still waiting. My co-worker has also been studying the market in hopes of getting a fixer upper for her family to work on. But she isn’t seeing the deals either. Hell, a few properties have actually raised their prices. I see lots of properties that been reduced by 10K-30K, but considering that prices have doubled over the past five years, I consider that a blip on the radar.

I went back to look at the San Diego housing price historical data of the 90s and I was surprised to see that the ‘market crash’ of the 90s was pretty insignificant as well. Properties doubled in value for five years and then dropped 10% over two years. The charts show big increases and then a small correction for a few years with some leveling off and then big increases following right behind it. This is a “crash”? If your house went up a 100K, then losing 10K is minor.

Again, I ask: Where are these deals??? They’re not in the MLS. Countrywide’s REO website has thousands of properties for sale but when I pull them up on the MLS they are listed at market price. No reduction in prices. Just doesn’t make sense to me that no one is buying houses but no one is really discounting them either (again, I don’t consider price drops of 10K=30K significant in an area where a small house goes for $500K+).

Can anyone explain how the “SoCal market is plummeting” and San Diego prices are barely moving? We ARE SoCal last time I checked. I search the MLS for deals and I can’t find any. Right now it’s all hype and no substance.

]]> By: Anonymous http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-maywood-853-square-feet-for-385000/comment-page-1/#comment-1054 Anonymous Sat, 16 Jun 2007 16:52:00 +0000 http://www.doctorhousingbubble.com/?p=104#comment-1054 There is NO WAY to talk about a housing bubble in Southern California or anywhere without discussing the illegal alien invasion. <br/><br/>Our neighborhood in SoCal, a block from the beach, has been turned into a slum, that looks no different on some days than East LA. And they have the flags of Mexico flying from their windows. <br/><br/>Don't let the pathetic, brainwashed fools convince you of anything. These illegals are a menace to society and they will turn the USA into a third-world nation, just like Mexico. And Bush can't wait for it to happen. There is NO WAY to talk about a housing bubble in Southern California or anywhere without discussing the illegal alien invasion.

Our neighborhood in SoCal, a block from the beach, has been turned into a slum, that looks no different on some days than East LA. And they have the flags of Mexico flying from their windows.

Don’t let the pathetic, brainwashed fools convince you of anything. These illegals are a menace to society and they will turn the USA into a third-world nation, just like Mexico. And Bush can’t wait for it to happen.

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