SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ild who wrote (18355)9/3/2004 2:48:18 PM
From: Elroy Jetson  Read Replies (1) of 110194
 
In 1990 hillside homes declined first and the most. When real estate appreciates they start at the lowest base, appreciate later in the cycle and ultimately appreciate the most, percentage wise.

Hillside homes are generally less desirable. While it's all well and good to have a view, traveling a winding road for 20 minutes just to reach Sunset Blvd or the nearest grocery store gets old. Those homes which require Laurel Canyon for access are particularly problematic. During commute times it may take 10 or 15 minutes just to reach the turn-off for your winding road - and likewise the reverse should you have forgotten to get milk at the store. You either wait until after 7:15 or add an extra 15 minutes to your trip to the store.

Once the homes lower down have appreciated, buyers who have never lived in the hills can't believe their good fortune that these homes with the killer view are actually less expensive and in their price range! Some hillside areas actually become more expensive at the top of the price cycle, than homes lower down. After the hillsides have attracted a new batch of novice hillside owners, it takes a couple of years for them to become thoroughly disenchanted.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News