An annoyed agent has my number.
This from an agent trying to sell me a $1.9m top of hill in Mar Vista...
"from where I stand the Real Estate market is humming along and although the pace may have slowed there are plenty of willing buyers and willing sellers. Many people in the Los Angeles area are buying upwardly and using the equity in their existing homes as their deposit or have saved over the years. I think this speaks to what most people hope and strive for and that is their own home. Because to most people a home is a commodity like no other and is more than just an investment it is an investment in the future as well as a place where people build and make their lives and memories. Also, in relation to the house on Inglewood and what a good opportunity this could be, a developer built the beautiful Craftsman in the 3700 block of Inglewood earlier this year. It sold within two weeks for just about $2 million. Can you see the potential and possible opportunity?"
Am I really missing something? From where I sit, the reason that we are even considering purchasing a new home is the breathtaking tuition bill for three children in private schools. The LAUSD elementary serving Mar Vista is better than the 98% English Learners/ 90% transiency of the school currently associated with our home, but not at the cost of a $7,000 monthly mortgage payment.
We've been to this house. Love the neighborhood and its proximity to good Japanese groceries, a bowling alley and to our respective jobs. I have serious misgivings about the lack of a park within walking distance combined with the postage stamp of a backyard (no room for the enormous swingset) and living on a street used as a shortcut to Santa Monica. If the house were one street over and about $989,000 less, it would recieve consideration.
There's actually a house 2 streets over on Grand View - a faux Tuscan-villa that would be more suitable, but the play area would be in the front yard because the developer put the house all the way to the back lot line. The house is listed for a ridiculous $1,850,000 though.
"from where I stand the Real Estate market is humming along and although the pace may have slowed there are plenty of willing buyers and willing sellers. Many people in the Los Angeles area are buying upwardly and using the equity in their existing homes as their deposit or have saved over the years. I think this speaks to what most people hope and strive for and that is their own home. Because to most people a home is a commodity like no other and is more than just an investment it is an investment in the future as well as a place where people build and make their lives and memories. Also, in relation to the house on Inglewood and what a good opportunity this could be, a developer built the beautiful Craftsman in the 3700 block of Inglewood earlier this year. It sold within two weeks for just about $2 million. Can you see the potential and possible opportunity?"
Am I really missing something? From where I sit, the reason that we are even considering purchasing a new home is the breathtaking tuition bill for three children in private schools. The LAUSD elementary serving Mar Vista is better than the 98% English Learners/ 90% transiency of the school currently associated with our home, but not at the cost of a $7,000 monthly mortgage payment.
We've been to this house. Love the neighborhood and its proximity to good Japanese groceries, a bowling alley and to our respective jobs. I have serious misgivings about the lack of a park within walking distance combined with the postage stamp of a backyard (no room for the enormous swingset) and living on a street used as a shortcut to Santa Monica. If the house were one street over and about $989,000 less, it would recieve consideration.
There's actually a house 2 streets over on Grand View - a faux Tuscan-villa that would be more suitable, but the play area would be in the front yard because the developer put the house all the way to the back lot line. The house is listed for a ridiculous $1,850,000 though.
Comments
3324 Greenfield Ave., 4 bed/3 bath, $749K, listed 8/13/07.
3532 Redwood Ave., 4/3, $879K, 6/25/07.
2325 Walgrove Ave., 4/2.75, $925K, 3/11/07.
12609 Woodgreen St., 4/2, $1,089K, 4/18/07.
3740 Wasatch Ave., 4/3, $1,549K, 3/13/07.
I track these for my Westside Bubble blog.
But how about just renting for now? Like in Santa Monica for the schools. If the market declines like it did after 1990 - or even if it's just flat - you'd save a lot of money.