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by | Oct 8, 2011 | Bubbleinfo TV, Leucadia, Market Conditions | 10 comments

If these are selling, then the market must be hot:

10 Comments

  1. Peter
    Peter on October 9, 2011 at 9:20 am

    A functioning society goes off the rails when “affordable housing” dictates are allowed. This intrusion into the free market diminishes legitimate, hard-working contributors. What’s next? Special subsidized mortgages for non-profit staffers and government workers?

  2. Peter
    Peter on October 9, 2011 at 9:27 am

    Sorry for the weak metaphor and poor grammatical structure of my previous post. It’s Sunday and I’ll be working again…all to help maintain California’s dysfunctional course.

    Jim, There must be some pent-up demand for freeway-close housing within reach of the coast experience. With interest rates south of historic levels it’s going to be an active holiday season, perhaps?

  3. François Caron
    François Caron on October 9, 2011 at 9:44 am

    1 – Pretend I’m poor via falsified documents.
    2 – Buy the $100,000 lot.
    3 – Flip it for at least $700,000.
    4 – $600,000 profit minimum.

    God Bless America! 🙂

  4. Ocrenter
    Ocrenter on October 9, 2011 at 10:19 am

    I’m sure there will be income and profit restrictions built into the homes designated affordable.

    As for the pesticide issue, I’m sure it is nicely hidden somewhere in the closing docs.

    Kinda like how the signs alerting nearby airport and future noise issues in bressi ranch model homes were conveniently hidden behind “home of the week” signs. Or how waiters were instructed to hide the calorie info sheet by management. Just typical cat and mouse games.

  5. Jack
    Jack on October 9, 2011 at 11:09 am

    Nothing pisses me off more than these affordable regulations. It must drive the cost up of the other 18 homes $100000. And why would they think throwing in poor people in a rich neighborhood is good? Sometimes I just want to liquidate everything and leave this country. Soooooo damn unfair.

  6. Erin
    Erin on October 9, 2011 at 12:06 pm

    1600 sq ft??? Only 100k?! I wonder what the income limits are for that house? I can’t believe there are only 5 people waiting for that house. if it weren’t for the whole pesticide issue I know a lot of younger families that i could recommend for that house. Heck $100k on a 30 yr or even 15 yr loan is so much cheaper than renting even.
    And I must say, I thought you were going to say the affordable home was $400k or something similar. But $100k is crazy low.

  7. Ocrenter
    Ocrenter on October 9, 2011 at 1:20 pm

    What was that show where families are given homes but they end up foreclosing? How much do you want to bet that the “winner” will refi so they can live like the neighbors and foreclose in a few years.

  9. livinincali
    livinincali on October 10, 2011 at 8:20 am

    I’ve never understood affordable housing for sale. What’s the point of providing it. Here’s you house just like section 8 but you can paint your walls whatever color you want. You probably don’t have the money for any major upgrade and you probably don’t have the money for most maintenance.

  10. Jim the Realtor
    Jim the Realtor on October 10, 2011 at 8:27 am

    Either that or you are just begging people to game the system.

    I doubt it’ll be the last time we hear about this house.

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