tag:blogger.com,1999:blog-35190061.post2895978912973672836..comments2023-10-17T03:59:01.588-07:00Comments on Doctor Housing Bubble Blog: Real Homes of Genius: Today we Salute you Monterey Park. 800 Square Feet for $479,000.Dr Housing Bubblehttp://www.blogger.com/profile/12407700951720008626noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-35190061.post-69163171111570694502007-06-26T12:46:00.000-07:002007-06-26T12:46:00.000-07:00I thought this home was a genius listing until I f...I thought <A HREF="http://vcrdsmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=vcrdsmls&PRGNAME=MLSPropertyDetail&ARGUMENTS=-N262926352,-N270134,-N,-A,-N5043816" REL="nofollow">this</A> home was a genius listing until I found this blog!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35190061.post-21746923083047840352007-06-23T09:21:00.000-07:002007-06-23T09:21:00.000-07:00half a million really doesn't get you what it used...half a million really doesn't get you what it used to these days...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35190061.post-45127465179651019822007-06-20T16:34:00.000-07:002007-06-20T16:34:00.000-07:00Amen. I go to various real estate web sites and s...Amen. I go to various real estate web sites and still see the same crap they've been spewing for the past 5 years. Some haven't realized the market has changed. Sellers in general are really enjoying the koolaid these days as their houses languish on the market. Still pieces of garbage on the market in the 600K range in Rancho Cucamonga.<BR/><BR/>Inventories are way up compared to Dec 2006, but the sales volumes which are published in the local paper each Sunday show that usually only 2-3 houses above 600K are closing every week. I sold my house in another state and am sitting on cash just waiting for a bottom... 2008? 2009? when?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35190061.post-18811960357990390482007-06-20T15:59:00.000-07:002007-06-20T15:59:00.000-07:00"We've been trained to see this as a bargain" Ni..."We've been trained to see this as a bargain" Nicely put. I noticed that back up in the SF Bay Area (where I'm originally from) realtors are still trying to train buyers to over-bid. There is a definite "do as you're told" mentality which translates as "we want our 6%".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35190061.post-10775476342802704862007-06-20T13:52:00.000-07:002007-06-20T13:52:00.000-07:00Monterey Park is the "Olympic City with a Heart" -...Monterey Park is the "Olympic City with a Heart" - let's give it the gold medal for Real Homes of Genius. <BR/>Actually, for a decent neighborhood, we've been trained to see this as a bargain, so, why would the sellers waste time on paint and paving?<BR/>The City of Monterey Park also has a first time homebuyer's assistance program which will set you up with a $50K silent second, provided the home isn't priced over $533K, you put 3% down and you don't make over $47K a year. The mortgage math doesn't quite add up for me, but what would I know, I'm no high-rolling real estate investor.<BR/>It may interest the readers to know that Los Angeles offers a first time homebuyer's assistance of up to $75K. But as of a few weeks ago they have suspended the program. I suspect the City has run out of funds for this year. I don't doubt that this absence of funding will deal another blow to the sales at the lower end of the market over the summer and fall.starve the beasthttps://www.blogger.com/profile/07280381114772407374noreply@blogger.comtag:blogger.com,1999:blog-35190061.post-52956957409860547282007-06-20T09:41:00.000-07:002007-06-20T09:41:00.000-07:00I don't think this house is to expensive. What you...I don't think this house is to expensive. What you see here is what liberals call a “multi cultural” neighborhood and to get this it's worth a premium along with the prospect of some West LA gays will invade the neighborhood and turn it around, like the did in such coveted places like Eagle Rock, Echo Park and other “under priced” areas of this beautiful city.. Don't be so narrow minded, don't you see the potential..??? HAAAAAAAAAAAAAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-35190061.post-36254349148577491382007-06-20T07:12:00.000-07:002007-06-20T07:12:00.000-07:00@anon,Good lookin out. You're right. Updated.@ke...@anon,<BR/><BR/>Good lookin out. <I>You're</I> right. Updated.<BR/><BR/>@kevin,<BR/><BR/>It looks like we have the original owners here. Even if they drop it $100,000 they'll still profit with a large sum. But we are talking modern electronics here so maybe $479,000 is justified.Dr Housing Bubblehttps://www.blogger.com/profile/12407700951720008626noreply@blogger.comtag:blogger.com,1999:blog-35190061.post-81667085344153858942007-06-20T06:41:00.000-07:002007-06-20T06:41:00.000-07:00For that price, maybe you could get the seller to ...For that price, maybe you could get the seller to throw in some shod and a new driveway, cause we sure know you wont be able to afford it yourself after you make that sellers pipe dream come true.Kevinhttps://www.blogger.com/profile/05977544509339744762noreply@blogger.comtag:blogger.com,1999:blog-35190061.post-64401254910270812442007-06-20T01:53:00.000-07:002007-06-20T01:53:00.000-07:00I know you're itching to catch this falling knife ...<I>I know <B>you're</B> itching to catch this falling knife so go ahead and give your broker a call.</I>Anonymousnoreply@blogger.com