Monday, January 19, 2009

Arigato: UPDATE IV

I just got back from a fun night at Legends featuring lobster rolls, cold beers, and good company...what more could you ask for?

Well, I guess a Belmont Shore house walking distance from 2nd Street would be a good start.

Which reminds me, the perpetually awesome KatyinLBC updated us on the never ending saga of the Problematic Puke Palace on Park:

Just in case you are looking for a place to rent, you are in luck, they put this one on craigslist:

And it's still on redfin. lol

Not only are they so delusional that they're still asking $2.25 Million after 523 days on market, but now they believe they can get $6750 per month in rent.

In this economy.

For this eyesore.


The problem with sellers offering to lease their home while simultaneously trying to sell it is that they show all their cards. They just revealed to any potential buyer with access to a Texas Instruments calculator that purchasing this house, as opposed to renting it for the (supposed) going rate of $6,750, would cost you an extra $3,000 per month. Um, thanks for confirming how woefully overpriced your house is?

I mean, who in their right mind would sign up for that happy horseshit?

And when you factor in the further asset deflation guaranteed to transpire during 2009, the monthly bloodletting is almost too enormous to comprehend.

Where is a super rich, incredibly homesick Japanese vending machine tycoon when you need one?


  1. "Well, I guess a Belmont Shore house walking distance from 2nd Street would be a good start."

    One of the problems with the Shore is that the entire area is absolutely dominated by automobiles. There is no escaping them: narrow streets, nightmarish parking, etc. “Closing time” at the bars is another issue.

    aka 90803

  2. 90803,

    That's so true. I should have said, "...a Belmont Shore house walking distance from 2nd Street WITH A TWO-CAR GARAGE."

  3. eddie of long beachTuesday, January 20, 2009

    Have you seen this?

    My wife and I walk our dog by this place and we've watched it go from a construction site, to an open house with 2 signs out front, then an open house with 12! signs out front, to this, a major haircut.

    Of course, its not likely to be approved as a short sale but talk about a desperate seller.