tag:blogger.com,1999:blog-2983944778720243687.post4780687985309641808..comments2023-11-05T04:24:01.807-08:00Comments on Westside Bubble: New, Sold, and Withdrawn/Expired listingsWestside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.comBlogger42125tag:blogger.com,1999:blog-2983944778720243687.post-58640823512039739762010-01-18T08:06:38.255-08:002010-01-18T08:06:38.255-08:00I am not a realtor - I am a bear and I hope very m...I am not a realtor - I am a bear and I hope very much that prices come down. I want to live in a SFR within easy walking distance of the Ocean.<br /><br />That being said, I can't help but notice some prices on new homes that appear to be below replacement cost.<br /><br />Has anyone else gone to see 1039 Centinela Ave? This is a brand new 4700 sq foot single family house, asking 2.4 million.<br /><br />The block is actually very nice, and I would guess a vacant lot on this block would fetch 1.1 million. <br />With very, very tight control I believe a builder can put up a 4700 sq foot house for 1.5 million all in - <br />that would imply 1.5 plus 1.1 or 2.6 replacement value<br /><br />Has anyone else seen the house? Any other SM neighborhoods where things are clearly selling below replacement cost? <br /><br />Again, I am a bear and hope prices fall, but this house jumped out at meAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-18809018672770930812010-01-17T17:50:13.724-08:002010-01-17T17:50:13.724-08:00Staying on top of the job is the only way to get i...Staying on top of the job is the only way to get it done in a short time frame. I work insane hours, but resigned during the remodel to spend an hour or two each day going over each day's checklist with the contractor, maintaining quality control, and chasing down loose ends. The alternative is to spend an extra $50k for a project manager. Putting the project on general contractor auto-pilot is for the deep pocketed and patient. When something goes sideways on auto-pilot you have a real mess on your hands.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-57913351890370713462010-01-17T14:23:39.893-08:002010-01-17T14:23:39.893-08:00My contractor has been very good - getting permit ...My contractor has been very good - getting permit signatures on all the aspects of this project has been very time consuming - the city has just been delaying for one reason or another - the holidays slowed things down at least a month. For someone who has the time to run around after the city and make their own calls, I'm sure its easier. But for me who works long hours, I don't have the time. Coordinating with gas, electric, has added another 2 weeks or so to this. Most people i've talked to say it takes at least 4-6 months for the permit process if you're lucky. Looks like they were right!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-5398994485112172822010-01-17T12:45:19.458-08:002010-01-17T12:45:19.458-08:00Agreed with the poster above - something is wrong ...Agreed with the poster above - something is wrong with the contractor or approach if you can't punch a remodel through. SM city hall is a known quantity; you either work the system or it will work you. As a serial homeowner in SM, I have put through 3 major remodels in 6 years. During permit and review delays I at least worked the landscaping, service lines, etc versus doing nothing. I also learned to bail out contractors who po'd the city on my job by using the in-person homeowner appeal. The city can be a pain in the ass, but I don't buy the complete roadblock claim.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-1616688736059178002010-01-17T07:47:24.711-08:002010-01-17T07:47:24.711-08:00sounds like you picked the wrong contractor.sounds like you picked the wrong contractor.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-64709009553247622672010-01-16T23:33:23.782-08:002010-01-16T23:33:23.782-08:00We just bought in 90403 recently and are going thr...We just bought in 90403 recently and are going through the hell of getting permits to remodel/addon. The nightmare that this process has been so far is unmentionable. We haven;t even started!<br /><br />I was one of those who waited for the market to come down before buying and figured I'd get a better bargain by getting a fixer and perhaps save a few hundred thousand dollars. Well we got a great price on a street we wanted and now I regret not paying more and getting a ready to move into place!<br /><br />For those of you brilliant people out there who think timing the market is easy, keep in mind that there is a reason why SM costs so much - the city has a very vested interest in keeping it that way!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-84005517072360078682010-01-16T07:47:39.765-08:002010-01-16T07:47:39.765-08:00I love this blog - thank you for putting it togeth...I love this blog - thank you for putting it together<br /><br />That being said, Manhattan Beach Confidential has a much more active and engaged set of participants. I wish we had a group here with as much energy as the folks in MB<br /><br />Let me just throw out a suggestion - since there are so few houses in SM 90402 on the market, how about each time one of us sees one at an open house or otherwise we post our impressions of the positives and negatives. Let's have a detailed discussion of each of the houses.<br /><br />By the way, I predict houses will come down in price, I am in no way saying it is smart to buy now. Am just looking for a discussionAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-18797695114302296712010-01-16T07:45:27.802-08:002010-01-16T07:45:27.802-08:00what is the best location in the 90403? Do you thi...what is the best location in the 90403? Do you think the average person would rather be in a three bedroom on third street in the 90403 close to the water but also close to all the homeless or in a three bedroom on 16th a half block south of montana - farther from the water but in a much more upscale hood?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-20356492303261352342010-01-15T20:00:28.596-08:002010-01-15T20:00:28.596-08:00Teardowns in Sunset park are now only 750 thousand...Teardowns in Sunset park are now only 750 thousand dollars. Big price discount vs GRS<br /><br />note that 1733 Sunset just closed escrow for 900k and it was much better than a tear downAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-2472546534533167942010-01-15T12:37:34.487-08:002010-01-15T12:37:34.487-08:00FYI, I am set on building a 3,000 sf house (roughl...FYI, I am set on building a 3,000 sf house (roughly $1M cost / $333 sf, carefully managed), looking for a lot. No way would I pay $1.5M south of Montana in this market... looking for $1.3ish on a 7,500 or $1.5ish on a 9,000 lot. <br /><br />Why 3,000? Fits my needs, focus on quality, remaining yard space for a killer backyard set-up, and good setbacks and light. I am looking to nestle a new Medit (1920's style) in between 2 old Medits. Building between monster specs sounds awful and is a no-go for the lot.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-8184756567746192692010-01-14T20:44:57.736-08:002010-01-14T20:44:57.736-08:00I would do 4K sq ft.I would do 4K sq ft.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-91367868789177905402010-01-14T17:18:52.079-08:002010-01-14T17:18:52.079-08:00Arti - sorry I should have said that I am respondi...Arti - sorry I should have said that I am responding to you here because I am anon and this blog allows anonsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-78685254873906645932010-01-14T17:18:06.774-08:002010-01-14T17:18:06.774-08:00Arti said...
We're lucky we have SM distress,...Arti said... <br />We're lucky we have SM distress, I wish we had someone dedicated like that blogging for Mar Vista or Pacific Palisades.<br /><br />Speaking of improvements, I always wondered why Redfin, Zillow etc. don't let people post comments on listings? You have to log on to those sites, they're searchable and have tons of useful information and comparisons--why not let us comment too? <br /><br />And by the by, anyone noticed that 907 22ND St in 90403 just played the re-list game? Completely bloated price, they want near $1.5 Million for a 1 bathroom 2 bedroom, crappy old house. The one thing going for it is location and decent lot, but it's not much better than a teardown. They de-listed and re-listed at the same price! Now it shows as being on there for 1 day, when in fact this bloated over-priced place has been on the market since May of last year. <br /><br />The sellers are dumb and greedy, they only paid $720k for this place in 2000, so they have plenty of room to cut to market if they really wanted to sell. They must either be greedier than smart, or else they took all the equity out and don't actually have any room to cut to a realistic post-Bubble level.<br /><br />January 14, 2010 4:47 PM <br />____________<br /><br />Arti<br />thanks for your post - I agree that 907 is overpriced, but I am not sure how much they will have to cut in order to move it. <br /><br />The busy streets are 20th, 23rd, and 26th so this house is on one of the not so busy streets in the 90403. <br /><br />teardowns North of Montana on 22nd are selling for about 1.7 million right now, and the gap between North of Montana and South of Montana has gotten narrower, so I would guess that they could get 1.3 for this house over the next month or so. If they hold the line at 1.5 I would bet that they won't get a buyer. <br /><br />Arti, if you bought this house and tore it down, what would you build? how many square feet do you want?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-12168572682962194142010-01-13T21:55:16.007-08:002010-01-13T21:55:16.007-08:00I wish all the New Yorkers would stay the heck awa...I wish all the New Yorkers would stay the heck away from the 90402 and leave it to people that grew up there.<br /><br />So I agree with you that it would be good if New Yorkers didn't know about Santa MonicaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-85564335556049334762010-01-13T17:14:43.399-08:002010-01-13T17:14:43.399-08:00It's a Google map. All you do is drag the map ...It's a Google map. All you do is drag the map to display Santa Monica...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-78083295441947223292010-01-13T07:13:27.381-08:002010-01-13T07:13:27.381-08:00Gee, the map I'm looking at doesn't includ...Gee, the map I'm looking at doesn't include Santa Monica at all. Not only is Santa Monica real estate NOT comparable to Manhattan but the New York Times doesn't even regard it as an important part of the Los Angeles area. The New Yorkers are smart!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-59093465501766103932010-01-12T11:23:12.877-08:002010-01-12T11:23:12.877-08:00You forgot Lancaster.
Remember, there is a place...You forgot Lancaster. <br /><br />Remember, there is a place for everyoneAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-58126293864409692242010-01-12T10:08:07.459-08:002010-01-12T10:08:07.459-08:00Yes, those are the only two options, GRS or Palmda...Yes, those are the only two options, GRS or Palmdale.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-33950286791392792242010-01-11T22:41:53.124-08:002010-01-11T22:41:53.124-08:00Use this chart to see if you fit in better with th...Use this chart to see if you fit in better with the people in GRS or fit in better with the people in Palmdale and LancasterAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-92176241353304200762010-01-11T22:41:14.620-08:002010-01-11T22:41:14.620-08:00You don't really need HH income information - ...You don't really need HH income information - you just need to look at the movies.<br /><br />High income whites rent "Vicky Christina Barcelona" White income whites do not<br /><br /><br />Low income whites rent "Paul Blart Mall Cop" and High income whites do not.<br /><br />Some movies play exclusively to a high income audience and some play exclusively to a low income audienceAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-17357261904797615442010-01-11T21:10:19.594-08:002010-01-11T21:10:19.594-08:00Look up Tyler Perry in each metro vs Milk....a per...Look up Tyler Perry in each metro vs Milk....a perfect inverse relationship. <br /><br />The NetFlix data would really sing if the map had layers showing average HH income, education, and avg home values. Some readers will sputter about class implications, but media choices and demo's tell one heck of a story.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-73382141613872282572010-01-11T16:16:14.192-08:002010-01-11T16:16:14.192-08:00There are some cool differences between the differ...There are some cool differences between the different zip codes. Stuff people like to rent is different in each code. Choose wisely. Buy in a zip code where people are similar to you and like the same moviesAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-48384970406977230442010-01-11T13:06:15.863-08:002010-01-11T13:06:15.863-08:00Anon 12:31-
That made my day!Anon 12:31- <br /><br />That made my day!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-3507200387180639782010-01-11T12:31:15.344-08:002010-01-11T12:31:15.344-08:00Actually, that Netflix map is pretty cool, especia...Actually, that Netflix map is pretty cool, especially with the film Milk being newly released. I think I'll avoid buying in the zips where it's ranked in the top 3.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-53119711638044068892010-01-11T12:28:08.919-08:002010-01-11T12:28:08.919-08:00"One of the teacher's..."
Let me gu..."One of the teacher's..."<br /><br />Let me guess, you live in the "smart" zip code.Anonymousnoreply@blogger.com