tag:blogger.com,1999:blog-2983944778720243687.post2592755330387154668..comments2023-11-05T04:24:01.807-08:00Comments on Westside Bubble: Anti-mansionization vs. prices?Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-2983944778720243687.post-66131479311220937022007-09-19T08:13:00.000-07:002007-09-19T08:13:00.000-07:00Don't blame the liberals. We've got a bigger, more...Don't blame the liberals. We've got a bigger, more intrusive government than ever under a conservative president and a conservative Congress.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-19524813604657590692007-09-18T23:41:00.000-07:002007-09-18T23:41:00.000-07:00The liberals are at it again. What's next, are th...The liberals are at it again. What's next, are they going to tell me how many kids I'm allowed to have or how many Big Macs I'm allowed to eat.<BR/><BR/>Give me a break!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-52047525480411732022007-09-18T17:31:00.000-07:002007-09-18T17:31:00.000-07:00Anon #1,Yes this could be possible. I have devoted...Anon #1,<BR/><BR/>Yes this could be possible. I have devoted this week to flippers/specs in Sunset Park on my blog.<BR/><BR/>Houses near the airport should be especially vulnerable...paying over $1 million to have jets flying over you all day is CRAZY!!WarChestSMhttps://www.blogger.com/profile/12269331482861143128noreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-79558399289363928972007-09-18T16:44:00.000-07:002007-09-18T16:44:00.000-07:00Good LA Times numbers, and quite plausible. The fu...Good LA Times numbers, and quite plausible. The fundamentals say prices have to fall, but we're still waiting. It took a few years last time, and this run-up has been longer.Westside Bubblehttps://www.blogger.com/profile/03383559105050069002noreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-36897500096995789062007-09-18T15:54:00.000-07:002007-09-18T15:54:00.000-07:00Thanks for the feedback on Sunset Park. I am incli...Thanks for the feedback on Sunset Park. I am inclined to think that it will drop significantly.<BR/><BR/>I found some data about prices in Sunset Park in the <BR/>LA TIMES (when it was affordbale):<BR/><BR/>Year...Median Price<BR/><BR/>1990...$442,500<BR/><BR/>1995...$303,500<BR/><BR/>2000...$518,500<BR/><BR/>2002...$610,000<BR/><BR/>2003...$647,000Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-57618145797203056252007-09-18T15:44:00.000-07:002007-09-18T15:44:00.000-07:00You can expect the area to ultimately shed 45% of ...You can expect the area to ultimately shed 45% of peak pricing based on the last LA crash. Although with fundamentals so much worse now than then we could see even steeper losses. Do your homework and mark your lowballs based on 2002 or earlier. The phantom gains of the last five years cannot be sustained.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-3334365542975123202007-09-18T14:52:00.000-07:002007-09-18T14:52:00.000-07:00I have a question about Sunset Park, recently feat...I have a question about Sunset Park, recently featured.<BR/>We currently rent north of Wilshire but I actually prefer the Sunset Park area. I agree that the prices are deliriously out of whack with reality. I am still seeing 1929 Moonshine making pioneer shacks with an asking price of $949 K I would not rent a place like that much less put down a cool million (that we don't have!). <BR/>Does anyone think that the Sunset Park homes will go down to a reasonably affordable level 700K in the next two years? Curious about your predictionsAnonymousnoreply@blogger.com