tag:blogger.com,1999:blog-2983944778720243687.post4558026377694129462..comments2023-11-05T04:24:01.807-08:00Comments on Westside Bubble: West LA TV flip houseWestside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.comBlogger31125tag:blogger.com,1999:blog-2983944778720243687.post-80219246606852623972008-07-25T00:29:00.001-07:002008-07-25T00:29:00.001-07:00haw-hawhaw-hawAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-48968281887658812572008-07-25T00:29:00.000-07:002008-07-25T00:29:00.000-07:00that crystal chick is a total slut. i fucked her ...that crystal chick is a total slut. i fucked her ass back in high school.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-28603605331600618602008-07-22T23:02:00.000-07:002008-07-22T23:02:00.000-07:00I totally agree, who cares about how many children...I totally agree, who cares about how many children are born to SM homeowners. <BR/><BR/>And besides, having children these days is over-rated, and it isn't the GREEN thing to do anyway. Just creates more CO2.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-50025543153993242502008-07-20T18:58:00.000-07:002008-07-20T18:58:00.000-07:00"a young couple that gets out of college at 21 and..."a young couple that gets out of college at 21 and then goes on to law school gets out of law school at the age of 24."<BR/><BR/>I think that law is a "professional program" not doctorial level education... so I don't know whether everybody out there in the world considers that as highly educated...<BR/><BR/>Most of my highly educated friends weren't done with their educations until they were well into their thirties, which is consistant with the earlier poster's point. Somebody who is in school into their thirties doesn't start a family early.<BR/><BR/>"This matches the experience of so many couples i know in Santa Monica - how can someone claim that the ease with which a couple can buy a SFR doesn't impact the number of kids they have ?"<BR/><BR/>As another poster said, what is your point? If your running a political campaign this matters. If your trying to decide wheher the time has come to buy your dream house, this really is meaningless.<BR/><BR/>You keep running off on these wierd tangents that are not related to the subject of the blog... why?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-48778911702020592082008-07-20T18:07:00.000-07:002008-07-20T18:07:00.000-07:00This matches the experience of so many couples i k...This matches the experience of so many couples i know in Santa Monica - how can someone claim that the ease with which a couple can buy a SFR doesn't impact the number of kids they have ?<BR/><BR/><BR/>What does any of this have to do with Westside Bubble, house prices, or when someone should buy?<BR/><BR/>Do SM RE values revolve around child-bearing angst? This string is off-topic and WAY too self-indulgent.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-27432664323040501162008-07-20T14:07:00.000-07:002008-07-20T14:07:00.000-07:00I am not sure what you meana young couple that get...I am not sure what you mean<BR/><BR/>a young couple that gets out of college at 21 and then goes on to law school gets out of law school at the age of 24. If they are married and working as lawyers at the age of 25, and are working in public interest law or environmental law or some kind of law that pays very little money, they will not be able to afford a SFR in Santa Monica<BR/><BR/>This 25 year old couple is done with their education - if they are gifted a SFR in the Franklin School district they will probably have two or three children<BR/><BR/>if instead they work until they are 33 to save up money for a down payment and get a SFR at 33 then they will have fewer kids.<BR/><BR/>This matches the experience of so many couples i know in Santa Monica - how can someone claim that the ease with which a couple can buy a SFR doesn't impact the number of kids they have ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-54500122307362771692008-07-20T10:19:00.000-07:002008-07-20T10:19:00.000-07:00"i am simply asking you to compare two young highl..."i am simply asking you to compare two young highly educated couples."<BR/><BR/>You lose me here. In order to be "highly educated," you can't be young by American childrearing standards. In America the average age of childbirth is 24.6 years old. Whereas the average age of a "highly educated" post-graduate, is 34.8.<BR/><BR/>This is the point of discrepancy. Not home ownership.<BR/><BR/>The average "highly educated" person waits more than ten years longer to start a family.<BR/><BR/>"the point is simple - the couple that is gifted the SFR at a young age will have more kids than the couple that lives in a two bedroom condo and that feels like they will never be able to afford a SFR"<BR/><BR/>This eliminates the above description specifying that these people are all "highly educated."<BR/><BR/>If you want to compare a family with an average level of education, or a mixed level of education, you've got a relevant point. But, the house becomes a largely irrelevant concern at that point.<BR/><BR/>"again- i don't care about the politics here i am simply saying you see a difference in the number of kids a young couple decides to have here in SM depending on whether they are gifted a SFR or not"<BR/><BR/>Not in the case of an apples to apples comparison.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-38161005144720078722008-07-20T09:40:00.000-07:002008-07-20T09:40:00.000-07:00well i for one don't care about politics one way o...well i for one don't care about politics one way or the other<BR/><BR/>i am simply asking you to compare two young highly educated couples.<BR/><BR/>one couple is gifted a SFR in the franklin school district<BR/><BR/>the other couple lives in a two bedroom condo <BR/><BR/>the point is simple - the couple that is gifted the SFR at a young age will have more kids than the couple that lives in a two bedroom condo and that feels like they will never be able to afford a SFR <BR/><BR/>again- i don't care about the politics here i am simply saying you see a difference in the number of kids a young couple decides to have here in SM depending on whether they are gifted a SFR or notAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-35533811594887041482008-07-20T07:35:00.000-07:002008-07-20T07:35:00.000-07:00"i think that if you took the couples in the condo..."i think that if you took the couples in the condos and gave them all SFR's they would respond by having more kids"<BR/><BR/>Then you, sir, are an idiot.<BR/><BR/>First of all, it isn't true. Period. The truth of the matter is that highly educated parents statistically have fewer children, and have them later in life. This correlates causally. First, it is difficult to pursue higher education while building a young family. Second, a dramatically higher proportion of highly educated households are dual income, making child-care more complex. And third, highly educated families tend to gravitate to urban areas where there it is significantly more challanging build a larger nuclear unit (due to cost, space, and other obvious factors).<BR/><BR/>But, more importantly, your absurd claim has nothing whatsoever to do with Afordable Family Formation, which you've grossly misunderstood. Affordable Family Formation is a GOP triangulation scheme developed by Steve Sailer in 2005. <BR/><BR/>The notion is that the GOP will always win in those parts of the country where housing is cheapm so it is in the interest of the GOP to leverage people into mortgages whether they can afford them or not, because to quote Mr. Sailer:<BR/><BR/>"Mortgage, marriage, and babies tend to make people more conservative."<BR/><BR/>The notion being, that long term mortgages beget long term marriages, and long term marriages beget babies, and babies beget Repunlicans.<BR/><BR/>To further quote Mr Sailer:<BR/><BR/>"[Republicans] are on the side of making it affordable for you, and your children and grandchildren, to get a mortgage and form a family. The Democrats want you to die alone."<BR/><BR/>And yet we wonder how the housing bubble was allowed to happen on the GOPs watch?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-71026400875010666342008-07-20T06:53:00.000-07:002008-07-20T06:53:00.000-07:00The above two posts are correct - plenty of kids i...The above two posts are correct - plenty of kids in Santa Monica <BR/><BR/>that being said, the average couple i know that lives in a condo has one or no kids and the couples i know tht live in SFR have two or three kids<BR/><BR/>i think that if you took the couples in the condos and gave them all SFR's they would respond by having more kids<BR/><BR/>so yes, a couple that knows they have a SFR or can afford a SFR will have more kids a couple that knows they can never afford a SFR will have fewerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-61284852611435418022008-07-19T19:13:00.000-07:002008-07-19T19:13:00.000-07:00"i see this phenom right now at work in SM - numbe..."i see this phenom right now at work in SM - number of kids per couple seems to be very low due to lack of affordable SFR"<BR/><BR/><BR/>Plain crazy crap. St John's maternity is busy as heck, and, as far as I know, Franklin and Roosevelt don't plan on merging due to forecasted declining enrollment.<BR/><BR/>Did the researcher study rural Utah versus top metro's? Nice theory for a grad student thesis, just not relevant to this board.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-37583968872247170332008-07-19T18:44:00.000-07:002008-07-19T18:44:00.000-07:00"i see this phenom right now at work in SM - numbe..."i see this phenom right now at work in SM - number of kids per couple seems to be very low due to lack of affordable SFR"<BR/><BR/>This is actually not true. The number of babies born in Santa Monica over the last three years is actually WAY up. I know this for a fact as we've had two, and the maternity wards are currently slammed. <BR/><BR/>There is talk of a new "baby boom."<BR/><BR/>Go to Douglas Park some afternoon and look at the line of parents for the baby swing... its crazy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-5591375902725137902008-07-19T15:39:00.000-07:002008-07-19T15:39:00.000-07:00just google "affordable family formation"basically...just google "affordable family formation"<BR/><BR/>basically this theory says that in places where a house is affordable, young educated couples will get married at a young age, have kids, and the population of educated people will go up<BR/><BR/>in places where a house is very expensive, young educated couples will hold off on having kids and when they do try to have kids some of the couples will be too old to have kids and as a result there will be fewer kids on average - many single child families in particular <BR/><BR/>i see this phenom right now at work in SM - number of kids per couple seems to be very low due to lack of affordable SFRAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-47456954129262517662008-07-18T20:01:00.000-07:002008-07-18T20:01:00.000-07:00"superimpose a freeway map over a city map"???Dude..."superimpose a freeway map over a city map"<BR/><BR/>???<BR/><BR/>Dude, I'm pretty sure the freeways are already on the map.<BR/><BR/>Oh, and I built a few custom homes in the Southbay and I would like to add that you can build something amazing for $300/ft. But that's cost. A design/build firm will add at least $100/ft to that.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-33619417526366009162008-07-18T17:16:00.000-07:002008-07-18T17:16:00.000-07:00A carefully chosen $300 per sf can get a nice hous...A carefully chosen $300 per sf can get a nice house built. The $500+ per sf category starts getting into exotic woods, fancy marbles, over the top tiles, venetian plaster etc. that maybe work on a large lot on Georgina or in Gillette, but seem out of place in a 4,000 sf house on a standard NOMA lot. High-end finishes can look particularly gauche when paired with McMansion architecture. <BR/><BR/>I think clean, green finishes will win out long term, and the granite/marble overload seen in spec houses will look so 2000's. The other route is the highly crafted jewel box approach, using super high-end $500+ sf finishes in a ~3,000 sf envelope.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-32595005474983488232008-07-18T17:09:00.000-07:002008-07-18T17:09:00.000-07:00i was just told that the general numbers south of ...i was just told that the general numbers south of montana are - buy the lot for 1.4 and spend 900k to build a house for total all in cost of 2.3 million<BR/><BR/>families looking for brand new in the 90403 are in that ball park<BR/><BR/><BR/>however in 90402, people expect much much more high end fixtures and finishes so count on buying the land for 2.0 and spending 3.0 on high end build out for total all in of 5.0<BR/><BR/>not 5.0 if it is a spect but 5.0 if a careful older person is custom designing the house<BR/><BR/>i would be interested in knowing whether this is true and whether the custom home people drop more than 2x on a 90402 vs a 90403Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-20031361259292954692008-07-18T17:06:00.000-07:002008-07-18T17:06:00.000-07:00i agree with the poster that said that it would be...i agree with the poster that said that it would be better for the environment if houses were 1100 square feet <BR/><BR/>i am not sure how the numbers would work<BR/><BR/>i mean assume 500 a square foot for constrution that means the house costs 550k to build<BR/><BR/>buy land for 2.0 million in 90402 and then spend 550k on a house? doesnt sound right<BR/><BR/>doesnt sound like buyers would accept it <BR/><BR/>but yes good for the environmentAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-82130841372972626732008-07-18T16:02:00.001-07:002008-07-18T16:02:00.001-07:00Excellent piece in today's Wall St Journal about h...Excellent piece in today's Wall St Journal about how smart buyers are downsizing to smaller yet higher quality homes, like 1,100 sq ft. <BR/><BR/>The smaller homes are definatly greener and make sense.<BR/><BR/>Maybe builders NoMo and throughout SM should focus on 1500-2500 sq ft homes? Sounds like the coming trend. Easier and faster to build and re-sell. It is time to stop all of this over consuming , which is ruining this country. Right sized instead of super sized.<BR/><BR/>Regarding the flip house: horrible location, likely respiratory problems for inhabitants, crime... I'll put $495,000 on it... Most likely will end up as a rental unit.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-25898761692055924592008-07-18T16:02:00.000-07:002008-07-18T16:02:00.000-07:00responding to the 90402 house quandyyes i believe ...responding to the 90402 house quandy<BR/><BR/>yes i believe that most of the buyers of teardowns today, july 08 are families seeking to have a family home constructed <BR/><BR/>i think the scummy speculators are out of the game for nowAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-43819832910698024802008-07-18T11:24:00.000-07:002008-07-18T11:24:00.000-07:00Speaking of next to the freeway: why are people st...Speaking of next to the freeway: why are people still buying in Brentwood Glen, which is right next to the 405...with all of the cars that travel the 405, wouldn't Brentwood Glen be full of toxic air? A listing for $1,995,000 just went "Looking for Backup". I think people are crazy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-74762772083642949822008-07-18T10:02:00.000-07:002008-07-18T10:02:00.000-07:00location is the pits. i talked with someone whose...location is the pits. i talked with someone whose job is to research cancer in LA. "where is it the worst?", i asked. his answer: just superimpose a freeway map over the city map.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-12035718125929761982008-07-18T09:59:00.000-07:002008-07-18T09:59:00.000-07:00There's no need to build 6000 sq ft.There's no need to build 6000 sq ft.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-38612985669642962422008-07-18T09:29:00.000-07:002008-07-18T09:29:00.000-07:00are the developer's numbers rightare the developer's numbers rightAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-83158655470685816362008-07-18T09:21:00.000-07:002008-07-18T09:21:00.000-07:001.9m will only get you a lot in a marginal locatio...1.9m will only get you a lot in a marginal location NOM.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-84995285628896238932008-07-18T09:20:00.000-07:002008-07-18T09:20:00.000-07:00I love how it says "no serious offers". Perhaps wh...I love how it says "no serious offers". Perhaps what is missing is a "serious price". <BR/><BR/>A "serious price" would be be what a family below the median income in West LA could afford for a decent home in an undesirable locale.<BR/><BR/>This is an insane price. A goofy price. A smoking crack price. <BR/><BR/>However, I am confident that someday soon, this home will have a "serious price". Of course by then the flippers will be seriously f***ed.Anonymousnoreply@blogger.com