Comments on: Real Homes of Genius: Today we Salute you Van Nuys. $535,000 for 814 Square Feet. http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-van-nuys-535000-for-814-square-feet/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 09 Feb 2012 03:22:22 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dave http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-van-nuys-535000-for-814-square-feet/#comment-25786 Dave Tue, 14 Oct 2008 01:03:17 +0000 http://www.doctorhousingbubble.com/?p=72#comment-25786 Follow up, redfin lists as selling for 449,000 on 8/30/2007 Follow up, redfin lists as selling for 449,000 on 8/30/2007

]]> By: Anonymous http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-van-nuys-535000-for-814-square-feet/#comment-881 Anonymous Thu, 17 May 2007 04:32:00 +0000 http://www.doctorhousingbubble.com/?p=72#comment-881 We bought a house in that area of Van Nuys in 2000 for $190K. We sold the house (admittedly fixed up, however only cosmetically) in 2004 for $535K, thinking that was an insane price for VAN NUYS. Who knew it would get higher????<br/><br/>We bought in Van Nuys because it was cheap compared to the rest of L.A. However, the mania from 2003 through 2005 was purely the result of the Creative Financing. <br/><br/>We're now renting, with our equity in a MM and will do so for the next few years until the prices drop - and drop they will. It's all fundamentals. We bought a house in that area of Van Nuys in 2000 for $190K. We sold the house (admittedly fixed up, however only cosmetically) in 2004 for $535K, thinking that was an insane price for VAN NUYS. Who knew it would get higher????

We bought in Van Nuys because it was cheap compared to the rest of L.A. However, the mania from 2003 through 2005 was purely the result of the Creative Financing.

We’re now renting, with our equity in a MM and will do so for the next few years until the prices drop – and drop they will. It’s all fundamentals.

]]> By: Anonymous http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-van-nuys-535000-for-814-square-feet/#comment-709 Anonymous Wed, 25 Apr 2007 21:38:00 +0000 http://www.doctorhousingbubble.com/?p=72#comment-709 My 1,750 foot brick home with a finished basement (not included in footage) and a very big yard would sell for about $170,000 in a very nice neighborhood, on a cul de sac.<br/><br/>CA prices are unreal - that is about 6X more than here. Does that mean if I move to CA I have to live in a homeless shelter?<br/><br/>Milwaukee, WI My 1,750 foot brick home with a finished basement (not included in footage) and a very big yard would sell for about $170,000 in a very nice neighborhood, on a cul de sac.

CA prices are unreal – that is about 6X more than here. Does that mean if I move to CA I have to live in a homeless shelter?

Milwaukee, WI

]]> By: Anonymous http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-van-nuys-535000-for-814-square-feet/#comment-626 Anonymous Sat, 14 Apr 2007 04:48:00 +0000 http://www.doctorhousingbubble.com/?p=72#comment-626 Owning is over-rated. Ask YOUR Doctor if buying a home is right for you... Owning is over-rated. Ask YOUR Doctor if buying a home is right for you…

]]> By: JBR http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-van-nuys-535000-for-814-square-feet/#comment-618 JBR Fri, 13 Apr 2007 17:53:00 +0000 http://www.doctorhousingbubble.com/?p=72#comment-618 Oh, they'll be fine... Someone will buy it. It's a great deal right?!?! My neighbor justed closed on a sweet 50's tract house in Sherman Oaks. Got it for 10k under list! What a deal huh? Only 870k for a 3BR. <br/><br/>Oh, the slighltly smaller 2 BR right next door, on the exact same size lot etc, sold in FEB for 620K. Wonder if their Relitter bothered to give them that info? Oh well... :-( Oh, they’ll be fine… Someone will buy it. It’s a great deal right?!?! My neighbor justed closed on a sweet 50′s tract house in Sherman Oaks. Got it for 10k under list! What a deal huh? Only 870k for a 3BR.

Oh, the slighltly smaller 2 BR right next door, on the exact same size lot etc, sold in FEB for 620K. Wonder if their Relitter bothered to give them that info? Oh well… :-(

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