tag:blogger.com,1999:blog-2983944778720243687.post3304031382135182999..comments2023-11-05T04:24:01.807-08:00Comments on Westside Bubble: Weekly Inventory updateWestside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2983944778720243687.post-40092545164758979172008-02-11T17:56:00.000-08:002008-02-11T17:56:00.000-08:00Hey - I'm new to this blog (have spent most of my ...Hey - I'm new to this blog (have spent most of my time at MB Confidential) and have a question - am I reading this inventory data correctly? Are there really 104 homes for <$2M on the market in the Palisades? Without knowing anything about the size of the market, that seems like a big number. It's obviously big relative to a year ago, and I would assume big relative to a longer history. Can anyone put 104 for PP into perspective for me relative to other markets? Does anyone know roughly how many SFRs there are in PP vs. SM?<BR/><BR/>Any help would be much appreciated. Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-20585426890565140902008-02-11T06:14:00.000-08:002008-02-11T06:14:00.000-08:00i have no opinion about n of montanai do see an ab...i have no opinion about n of montana<BR/><BR/>i do see an absolute bloodbath in all areas south of montana <BR/><BR/>many homes south of montana were purchased with subprime "liar loans"<BR/><BR/>look for some truly desperate sellers s of montana soonAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-59570837107359232772008-02-10T20:23:00.000-08:002008-02-10T20:23:00.000-08:00N of Montana in Santa Monica is the most resiliant...N of Montana in Santa Monica is the most resiliant core of the real estate market in the Westside.<BR/>Owners in that area will simply not sell if there is a possibility that they can take a loss. At this stage the heat wave sparked by the slowing economy and the subprime mortgage mess has not reached that target of the population yet. We will see.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-61259727290178458562008-02-10T11:21:00.000-08:002008-02-10T11:21:00.000-08:00Yesthere is a two tier market hereLooks like the a...Yes<BR/><BR/>there is a two tier market here<BR/><BR/>Looks like the average house closing N or montana is selling for more than the seller paid while in rest of sm losses are being taken <BR/><BR/>i have seen almost NO houses n of montana in which the seller took a loss<BR/><BR/>not to say it wont come in the future just hasn't come yetAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-74573100624645362342008-02-09T14:26:00.000-08:002008-02-09T14:26:00.000-08:00am noticing that a number real estate agents are t...am noticing that a number real estate agents are trying to flog their own investmt props without disclosing.<BR/><BR/>for example, in Santa Monica: 1053 17th st. purchased 1.2007 for 998K. this optimistic agent is asking 1.3 mil (with 'plans' ), and can't pay his prop taxes for 2007.<BR/><BR/>same agent is representing his own prop at 1015 25th st. purchased for 1.2 mil also in 1.2007 (he had a bad month), now on the market for 1.475 mil. hasn't been able to pay prop taxes on this one either in 2007. both 31 DOM.<BR/><BR/>same is true with 1731 Cedar St.--diff agent repping her own prop. prop taxes also unpaid. (am getting worried about schools with all these tax defaults). pd 940K in 2005, and listed on the MLS for 1.295 mil. 21 DOM.<BR/><BR/>hope springs eternal.Anonymousnoreply@blogger.com