12 Comments

1. 

   Daniel(theotherone) on July 8, 2011 at 8:09 am

   This can kicking is really getting old.
   http://www.latimes.com/business/realestate/la-fi-foreclosure-aid-20110708,0,1640816.story#tugs_story_display

2. 

   N. on July 8, 2011 at 8:41 am

   “We’ve had to revamp our housing program several times to try to help people stay in their homes and try to start lifting home values up,” Obama said.

   When your president is committed to “lifting home values up” via various governmental schemes, it’s time to stand on the sidelines and not participate.

3. 

   Jim the Realtor on July 8, 2011 at 9:26 am

   That’s Un-American.

   Either support your president, or take an active role in the revolution.

   Standing on the sidelines watching the elite destroy this country is how we got in this mess.

   Me? Disseminating information is a critical role of any revolution, and I’m doing my best to tell the real story.

4. 

   Chuck Ponzi on July 8, 2011 at 9:58 am

   That is some hideous floor in that place. Need to account for ripping that crap out for sure.

   Oh, and that “tile job”. Trust me, some “tile professionals” would probably consider that a great job if they did it.

   That whole house needs a gut job and complete rework. Not at that price, though.

5. 

   doug s on July 8, 2011 at 10:00 am

   1/2 acre in SB with a 1/2 done house, 1 mile from one of the prettiest stretches of shoreline in the country? And, this place isn’t far from Rudy’s – the best Mex takeout for miles. We’re talking value here, folks. It’s the same value that was here in 1999 & 2005. Please, someone offer me a no-down liar’s loan @ 1% interest for 5 years & allow me to walk away if the market goes south, and I’ll buy this place at asking in a New York minute. :>))

6. 

   shadash on July 8, 2011 at 11:01 am

   doug s,

   “Please, someone offer me a no-down liar’s loan @ 1% interest for 5 years & allow me to walk away if the market goes south, and I’ll buy this place at asking in a New York minute.”

   Stop thinking logically…

   Get your liar loan for 5 years. Then when the market goes south stop making payments and live for free as a deadbeat for the next 5-10 years.

   You might have to do a pretend Short Sale every once in a while or file BK. But the longer you can keep the plates spinning the more free rent you’ll get.

7. 

   KP on July 8, 2011 at 11:57 am

   Nice lot, but damn ugly house. I would only pay for the lot and burn the house down. My offer for the lot would be about $ 250K.

8. 

   Colin on July 8, 2011 at 12:32 pm

   I live and work in that neighborhood, and quite like it here.

   I love the lot, and could deal with the house. I see being up against the storage units as a plus, because you can’t see them and they are quiet. But that price! I rent a two bed, two bath with a loft and garage in one of the big complexes for less than half of the mortgage on that house.

9. 

   Happs on July 8, 2011 at 1:45 pm

   Nice looking windows, but why put anything wood in a high humidity, damp coastal environment?

10. 

    ewhac on July 8, 2011 at 3:38 pm

    Near as I can see, you need to B.Y.O. kitchen, that stone floor downstairs needs to be expunged, all bathrooms need a refit, and doing anything with (what’s left of) the pool won’t be cheap, either.

    Then you get to think about landscaping…

11. 

    MarkB on July 8, 2011 at 7:21 pm

    I agree with Chuck. That place has to be gutted right down to the studs and the baseboard under the floor.

    It’s probably wiser to just tear it down and build a nice single story on that big lot. They should price it at land value.

12. 

    Jim the Realtor on July 8, 2011 at 8:20 pm

    Sonrisa = ‘wry smile’ in Spanish.