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: Elroy Jetson who wrote (10928)	6/2/2003 4:48:13 PM
From: ild	Read Replies (1) of 306849

How's Beverly Hills RE is doing? Prices up a lot here in Orange County. Inventory of properties on sale is pretty low because properties are snapped within days. Somebody just bought 3 bedroom condo on my street. They paid $360K, did a nice paint job, new carpet, some remodeling and leased it out for $1970 a month. Prop tax is $330 a month, association dues $190 a month. Apparently they are counting on big future appreciating, because as of now they are losing money. NOTE. Many flyers with some realtors offering full service listing (with MLS) for just 3.75-4% commissions.

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