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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (107007)	2/27/2008 1:21:37 PM
From: Les H	Read Replies (3) \| Respond to of 306849

$500 3 Bed, 1 Bath 1,075 Sq. Ft. Estimated Payment: $2 Per Month For auction purposes selling comm is 2.5%. $1,000 selling bonus if sold before 3/31/08!!! realtor.com The seller can pull a nice April Fool's joke by delaying settlement by 1 day.

To: MulhollandDrive who wrote (107007)	2/29/2008 12:29:04 AM
From: Peter V	Read Replies (4) \| Respond to of 306849

Just to give you the flip side of Detroit, here is stuff in my zip code (and it's why I'm moving from my townhouse to a real house in the burbs). Granted, these areas are very nice, safe, and people like Tom Hanks are your neighbors, but here are some of the listed TEAR DOWNS! Here is a nice tear down for $1.2M (kind of funny its on Beirut street) guests.themls.com Another tear down for $1.75M guests.themls.com This tear down is nuts, its much further inland, not close to the bluffs like the first two, and the lots in this neighborhood are generally TINY, so I guess this one reflects lot value, except if you look at the photos, you will see that this is like a smaller lot in an average neighborhood. guests.themls.com Another tear down on an 8000 foot lot (that's 100x80 feet folks!), NO VIEW, for the bargain price of $2.6M, and they already have an OFFER! guests.themls.com Here is a good one. They focus so much on the fact that it is a 16,000 foot buildable LOT, that they do not describe or have photos of the 5 BR house! REDUCED to $3.4M. There is no view here folks, just a very nice wooded pocket in a canyon that makes you feel worlds away from LA ... until you look at the price! guests.themls.com This one shows the house, but encourages buyers to remodel or rebuild. Which is understandable, because if you are able to pay $4.25M, you are not going to want to live in this 5BR/3.5BA dump. LOL! guests.themls.com Here's a couple more, both suggest remodeling or rebuilding. $3.8M and $3.9M guests.themls.com guests.themls.com OK, last one. It's not a tear down, it's a MOBILE HOME. How much for one with a nice ocean view? (not on the beach like Jim Rockford, but across the VERY busy Pacific Coast Highway which you can no doubt hear all night long). How about a 2BR/2BA for $600K? And the trailer is so old it has a new roof. Plus you get to pay $1074 a month to rent the LOT SPACE. guests.themls.com You could have hours of fun going through this area, so if you have lots of time, check out themls.com and search Pacific Palisades. It will make you feel like wherever you live, it's very reasonable (unless you live in Manhattan). For more fun, search Brentwood and Santa Monica too, then there is Malibu if you really have a lot of time.