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Month: February 2013
Nothing Else?
In la Jolla last year, there were 97 detached homes that sold for less than $1,000,000. Today there are ten for sale - here is one:
Affordable, But Unavailable
This is the reality on the lower-end throughout the Southland: Bill Sepe has gotten used to rejection. The 28-year-old Rancho Cucamonga native has put in nearly 200 unsuccessful offers since August on Inland Empire homes, varying from typical suburban ranches to...
Premium Upgrading
Amir and Mojgan Moghadam spent $1.4 million on their new home in Irvine, Calif. But to make it absolutely perfect, they spent a further $550,000 on builder upgrades—including $28,200 for a conservatory, $2,600 for a Sub-Zero ice maker and $495 for five exterior...
Short-Sale Fraud and C.A.R.
We received a cease-and-desist letter from the California Association of Realtors for having a blank copy of the purchase contract on the blog. I speculated that they must have a lot of time on their hands, and asked if could they use some of it to pursue the rampant...
Alarming
The bank lowered the price by $120,000 on this one today, and it's a decent layout for being nearly 6,000 sf:
Carmel Valley On Canyon
If it wasn't for the lousy comps that back up to the 56 freeway (two little ones sold last year in the $500,000s), this would look like a decent buy - though these sellers did get their tax-assessed value lowered to $590,000. It's in the Del Mar School District...
Maytage
An original in mid-Carlsbad:
Have Banks Stopped Foreclosing?
There are several articles out today commenting on the decline on foreclosure activity. The ivory-tower types are quick to give credit to the CA Homeowners Bill of Rights, or to short sales being the preferred method of liquidation, instead of foreclosure. Here are...
John Prine
The legend:
