The last Metro meeting of this round about the Wilshire subway is this Thursday, April 23, 6 – 8 p.m., at the Santa Monica main library, 601 Santa Monica Blvd. More here.
Monday, April 20, 2009
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The last Metro meeting of this round about the Wilshire subway is this Thursday, April 23, 6 – 8 p.m., at the Santa Monica main library, 601 Santa Monica Blvd. More here.
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 .
31 comments:
yawn.
So SWPL
at least it goes underground, unlike Expo which is going to jam north/south traffic in Santa Monica for hundreds of years.
Hardly. Expo on Colorado will follow signals and have little effect on north-south traffic.
SWPL? A subway?
SWPL love all trains. Go to the official SWPL web site for details.
Am I the only one heartbroken that scrapers N of Montana are still selling today on busy streets for 1.7 and 1.8
"Am I the only one heartbroken that scrapers N of Montana are still selling today on busy streets for 1.7 and 1.8"
Yes, you are.
Supply and demand people....you are all dreaming if you think NOMA will ever be affordable to the common man.
Supply and demand people....you are all dreaming if you think NOMA will ever be affordable to the common man.
Exactly. The last time NOMA was affordable to the common man was in the early 1940's, right around the time Donald Douglas built the Aero theater on Montana. After the war,the doctors, dentists, accountants, and business owners that lived in the 1920's and 1930's built housing stock gave way to higher earning folks. By the 1960's NOMA was already 2x other parts of SM, and the trend never slowed down. Other than inheritng their parent's house, most kids who grew up in NOMA in the 60's, 70's, and 80's cannot afford to live there.
My point? NOMA is and always will be an expensive place to live, and in relatively high demand. Nothing there for the common wage earner.
what we have here is a phenomenon the psychiatrists call "anchoring"
The bears here point out how foolish it is to anchor on the highest price something ever sold at. I agree.
But the bears themselves anchor on the lowest price. land north of montana sold for only six hundred thousand in 1995 and thus all the bears have anchored on that price. they feel entitled to get land north of montana at 600k due to anchoring on that price
The truth is it isn't going to get there again.
The truth is that land north of montana at 600k WAS affordable to many doctors and dentists but the doctors and dentists were too scared to buy. Remember at that time memory of the riots was fresh in their minds also unemployment was still very high
They missed their opportunity and were forever priced out of 90402. This blog is not about the bears trying to convince the bulls
this blog is therapy for the bears that have self loathing - bears that hate themselves for not buying north of montana when they had the chance
they regret it -
what we have here is a phenomenon the psychiatrists call "anchoring"
The bears here point out how foolish it is to anchor on the highest price something ever sold at. I agree.
But the bears themselves anchor on the lowest price. land north of montana sold for only six hundred thousand in 1995 and thus all the bears have anchored on that price. they feel entitled to get land north of montana at 600k due to anchoring on that price
The truth is it isn't going to get there again.
The truth is that land north of montana at 600k WAS affordable to many doctors and dentists but the doctors and dentists were too scared to buy. Remember at that time memory of the riots was fresh in their minds also unemployment was still very high
They missed their opportunity and were forever priced out of 90402. This blog is not about the bears trying to convince the bulls
this blog is therapy for the bears that have self loathing - bears that hate themselves for not buying north of montana when they had the chance
they regret it -
Maybe I missed it, but I've never read anyone say lot value in NOMO was going to 600k. NOMO lots at 600k is Mad Max territory--if we ever get there we'll all be too busy farming dirt or trying to flee the country.
well said anon 3:37....listen up bears...1m lot?
its not happening for you
"Maybe I missed it, but I've never read anyone say lot value in NOMO was going to 600k."
You haven't seen it because no one ever wrote it, not even a person posting anonymously. And of course asking this anon to provide an example would be futile.
Can we rename this the Santa Monica North of Montana blog? Every now and then someone will talk about housing that is not located in 90402, and that's irritating. We're all here to discuss 90402.
"well said anon 3:37....listen up bears...1m lot?"
Agreed, but anon 3:38 a.m. is an idiot. Must of just made it home after last call at Renee's.
To all you self-righteous NOMA-heads whose property tax is being subsidized by the young and new-to-the-state -- just wait until Prop 13 gets modified and you actually have to pay your fair share of property tax . . . .
This blog is dead. It has been decreed: "The land North of Montana will never fall to pre-bubble levels! Everywhere else in America is falling to the deflating effects of the biggest bust in American history, but not NOMA."
"Westside Bubble", what a crock. This blog is only about 90402.
Who cares. Bye.
I don't think this blog can go on without you, anon.
please please come back
Tell us how you didn't want to live in the 90402 anyway - how you need bigger lots with more privacy - how it enriches your life to live in another part of SM - a part with more teenagers skateboarding around or with more homeless sleeping in the streets
enlighten us with the virtues of living in some other hood ----
NOMA going to 250,000 a lot in 3 years
oprah says eating dog poo is good for you
Anon 5:26
CLASSIC ! Biggest bust...
Just watching all the knifecatchers for the next couple of years.
It's beyond me that not enough people understand the enormity of the situation we're in. Not to mention the attendant issues down the road of defacto default re our deficits (interest rates increasing), or a currency collapse. This is truly EPIC and TRANSFORMATIONAL.
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