The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jim McMannis who wrote (3266)	7/8/2002 6:02:24 PM
From: MulhollandDrive	Read Replies (1) of 306849

I would never live in Culver City...<vbg> Seriously, I think it's a terrible neighborhood, though it has some nice streets... which makes the prices for the available housing stock all the more appalling. But SONY is in Culver City... re: mortgage not sales price...yes... the median home price in that area is $400~....income $43k~ 20% down on a $450K home is $90K....loan amount roughly on a $360K loan is ~$2300, not including taxes....that's $27,000 per year...over half the median income.

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