tag:blogger.com,1999:blog-2983944778720243687.post183655412090368978..comments2023-11-05T04:24:01.807-08:00Comments on Westside Bubble: Not selling north of MontanaWestside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2983944778720243687.post-1665904130536020472008-01-21T18:51:00.000-08:002008-01-21T18:51:00.000-08:00spec economicsbuy a teardown for 2 mil spend 1.5 m...spec economics<BR/><BR/>buy a teardown for 2 mil <BR/>spend 1.5 mil to slap up a mcmansion<BR/><BR/>you are all in for 3.5 and hope to sell for 4.5 <BR/><BR/>repeat often<BR/><BR/>it is a grrrrreat business as long as it lasts<BR/><BR/>will it continue to work ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-75166295965251547392008-01-20T12:36:00.000-08:002008-01-20T12:36:00.000-08:00there seem to be tons and tons of speccies under c...there seem to be tons and tons of speccies under construction right now <BR/><BR/>that would argue for a flood of them soon pushing down all the prices<BR/><BR/>comments?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-25561703534444293162008-01-19T12:04:00.000-08:002008-01-19T12:04:00.000-08:00if you drive around how many spec homes look close...if you drive around how many spec homes look close to completion <BR/><BR/>what i mean is how many will hit market in the next few months?<BR/><BR/>the benchmark for the 90402 is the price of the newly minted specs<BR/><BR/>i mean no one could believe it when they started selling above five mil - selling QUICKLY above five - i want to see if they drop to four or to three <BR/><BR/>thanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-88090708410710147292008-01-18T12:50:00.000-08:002008-01-18T12:50:00.000-08:00Wow- it was bound to happen. Anyone who watched th...Wow- it was bound to happen. Anyone who watched the bubble of the 1980's collapse could see it coming. <BR/> Hopefully this will means a chance for us to get out of our mold-riddled rent control and into a condo. <BR/>Can I ask how you find zero down take-overs around 90403? (Sorry to ask such an obvious question- I'm new at this). <BR/>Thanks!Calafiahttps://www.blogger.com/profile/10875504337034831461noreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-22379512628868900952008-01-18T12:14:00.000-08:002008-01-18T12:14:00.000-08:00343 21st Pl. (2952 sq. ft./ 7600 lot size) just ca...343 21st Pl. (2952 sq. ft./ 7600 lot size) just came on the market for $3.1 -- and went into escrow right away. It looks like attractive homes north of Montana, with good layouts in Franklin School district continue to sell easily. Sure prices will come down some -- but from prices that have obviously been too high. Problem homes will take the biggest hit, as they should.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-7598685190854169082008-01-17T18:09:00.000-08:002008-01-17T18:09:00.000-08:00The supply of specs is hard to get a handle on bec...The supply of specs is hard to get a handle on because of stealth inventory. Some that didn't sell in the last year or two are being rented out, while I suspect a few others of going off the market to play the "relist in spring" game.<BR/><BR/>All the 90402 fanatics here (and on my blog) need to relax a bit and just wait a few more months to really get a good picture of what the market is like once all the listings make their way onto marketWarChestSMhttps://www.blogger.com/profile/12269331482861143128noreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-71218688620024710702008-01-17T17:05:00.000-08:002008-01-17T17:05:00.000-08:00how many mc mansions ????how many mc mansions ????Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-54998242348892298272008-01-17T05:31:00.000-08:002008-01-17T05:31:00.000-08:00Love your blog.What is the supply of fresh spec ho...Love your blog.<BR/><BR/>What is the supply of fresh spec homes in 90402 looking like <BR/><BR/>i mean, drive around the 90402 and look at all the ones under construction <BR/><BR/>anyone have a sense as to how many are in the pipeline - these are usually 5thousand to 6 thousand square feet - in 06 they routinely went for four to five million <BR/><BR/>no one knows what they will sell for in 08 but i bet that the more of them there are the cheaper they will sell for<BR/><BR/>if FEW hit the market perhaps prices will stay up but if MANY hit the market - look out belowAnonymousnoreply@blogger.com