Click on this photo and scroll down to get the awesome full perspective of a bubble-era real estate development project (admittedly not on the Westside of Los Angeles; via a viral email that came my way).
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Tracking the real estate bubble on the Westside of Los Angeles, especially in Santa Monica ... available housing inventory, highlights/lowlights, and the larger economy.
Obligatory Disclaimer: I do my best to accurately report publicly-available data, but take no responsibility for what you do with it!
Contact westsidebubble {at} gmail {dot} com .
Blog Archive
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2009
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January
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- Monthly inventory charts
- Days-on-Market charts
- SM listings, sales, withdrawn/expired
- Monthly inventory update
- A projection
- November S&P/Case-Shiller
- First Fed
- Development perspective
- Weekly inventory update
- DataQuick Westside zipcodes
- "winter of our hardship" bankrupt contractor
- LA Times: "post-bubble global recession"
- December DataQuick
- Weekly inventory update
- 2008 Outcomes: North of Montana <$3M
- Weekly inventory update
- 2009
- 2008 inventory charts
- SM 2008 listings, sales, withdrawn/expired
- 2008 Wrap-up
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January
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Bubble Links
- Bill Fleckenstein
- Bubble Markets Inventory Tracking
- bubbleinfo.com (Jim the Realtor in north San Diego Co.)
- Burbed - S.F. Bay Area
- Calculated Risk
- Charles Hugh Smith
- Countrywide Foreclosures
- Curbed LA
- Dr. Housing Bubble
- Housing Doom (Phoenix)
- Irvine Housing Blog
- L.A. Land (LA Times blog)
- Manhattan Beach Confidential
- Marin Real Estate Bubble
- Market Ticker
- MarketWatch
- May 5th (Kate in the Valley)
- Mish's Global Economic Trend Analysis
- Nouriel Roubini's Global Economics Blog
- Original LA Land
- Paper Economy
- Paul B. Farrell - Marketwatch
- Paul Krugman - NY Times blog
- Real Estate Comments
- Sacramento Land(ing)
- Santa Monica Distress Monitor
- Soot and Ashes
- South Bay Beach Cities Real Estate Bubble
- Sudden Debt
- The Big Picture
- The Great Loan Blog
- The Housing Bubble (Ben Jones)
- WeHo Homes
- Westside RE meltdown
- Westside Shadow Buyer
7 comments:
finished
http://www.burjdubaiskyscraper.com/
they can build because the American buying their oil...
go green & energy independent..!
Can anyone with knowledge of building tell me how much it would cost a builder to put up a tower like this, if i simply take the plans, get them approved for another location and ask the builder to slap up an exact copy of this in another color, how much will it cost the builder in labor and materials to slap it up and how much will he charge me ?
I have owned a teardown for many many years and i have been waiting for the cost of building to fall low enough that it made sense for me to have something put up on my land
I would have the developer scale everything up by 1%. That way your tower would be the new record holder for world's tallest man-made structure.
Thanks, Anon #1!
Anon #2, no problem for the McMansion builder down the street to to bid one of these! Just start with whatever the published cost of this tower is, then look for some conversion of construction costs from Dubai to your site. But granite counters may be extra.
Ha -
I'd like to see how well this tower would do in the next Santa Monica earthquake!
"They can't make more land!"
"Real Estate never goes down!"
"Buy now or get priced out forever!"
"Don't throw your money away on rent!"
"If you have a long-term outlook it's always a good time to buy!"
"The Westside is immune!"
"We will find WMDs!"
LIES
"Obama will save us"
More of the same.
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