tag:blogger.com,1999:blog-5140004705538204727.post1236924631328489762..comments2023-12-16T04:08:06.419-08:00Comments on Real Estate in the LBC: Volk You, Buddy! UPDATEel beehttp://www.blogger.com/profile/14187665973956068496noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-5140004705538204727.post-92194821562481295532009-06-21T08:40:46.115-07:002009-06-21T08:40:46.115-07:00That kitchen is a renovation from the 70s, very tr...That kitchen is a renovation from the 70s, very true. It IS NOT original. The floors have been redone as well, I'll bet. <br />I'd LOVE to see the bathrooms as well. They don't even show the bathroom in the "casita".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-66947513758775069312009-04-18T04:00:00.000-07:002009-04-18T04:00:00.000-07:00Great blog. Enjoying reading about american real e...Great blog. Enjoying reading about american real estate.Alanhttp://alanjohnson.tel/noreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-50113779035325578732009-04-15T15:24:00.000-07:002009-04-15T15:24:00.000-07:00Hi Rochelle Kramer!!!! :)
Woo Hoo, a 30K price r...Hi Rochelle Kramer!!!! :) <br /><br />Woo Hoo, a 30K price reduction. Where do I make an offer!!!!!Carlhttps://www.blogger.com/profile/07595452272222717964noreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-62120912307239723092009-04-15T14:07:00.000-07:002009-04-15T14:07:00.000-07:00Okay this is weird...shhhhh...I think they're list...Okay this is weird...shhhhh...I think they're listening! <br />http://www.redfin.com/CA/Long-Beach/3057-Volk-Ave-90808/home/7499896<br /><br />That's right. 30k price cut.KatyinLBChttps://www.blogger.com/profile/00124577566180486180noreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-23517097747542634222009-04-15T08:52:00.000-07:002009-04-15T08:52:00.000-07:00Carl,
Wow, that's some good info. But really sad...Carl,<br /><br />Wow, that's some good info. But really saddening at the same time.<br /><br />This house has so much potential, it's ridiculous. It's just too bad the greedy seller won't price realistically and let another family come in and enjoy what this house has to offer. Shame.el beehttps://www.blogger.com/profile/14187665973956068496noreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-87975178218507376712009-04-14T21:38:00.000-07:002009-04-14T21:38:00.000-07:00Hmm, if this a duplicate then please delete.
The...Hmm, if this a duplicate then please delete. <br /><br />The owner of the home died in 2007 at the age of 82. This would explain the kitchen. <br /><br />The Trustee, however, lives in Del Mar. This is no way explains the price. It looks like the heirs are in no rush to cash out on their mothers (or grandmothers) home. Hell, maybe the Trustee has a relative in Long Beach who is convinced the home is worth $650K. <br /><br />Anyhow, I can't wait until 2011!!! Well, I can, and I will.Carlhttps://www.blogger.com/profile/07595452272222717964noreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-25906129857678891662009-04-14T11:11:00.000-07:002009-04-14T11:11:00.000-07:00Do they really want to sell? The answer, drjim, i...Do they really want to sell? The answer, drjim, is NO. They have absolutely no intention of selling. The only thing these Rancho sellers want is to have someone justify their delusions of economic immunity and investment acumen.<br /><br />Cars are a great analogy. I learned the hard way with a vintage Land Cruiser that what something is "worth" has absolutely nothing to do with what I paid, or what I put into it. When gas prices spiked to $4+ a gallon, all of my previous calculations about "worth" went out the window.el beehttps://www.blogger.com/profile/14187665973956068496noreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-79267448527055659602009-04-14T10:51:00.000-07:002009-04-14T10:51:00.000-07:00When I see these prices, I have to ask myself...do...When I see these prices, I have to ask myself...do they really want to sell it, or not?<br />Taking another lesson from all the hot rod stuff I used to do, we'd call these "Vanity Prices". Nice to brag about, but until you sell the item, and have the cold, hard cash in hand, it's "worth" is ZERO!drjimhttps://www.blogger.com/profile/05647484115197408897noreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-11554338441795131582009-04-14T09:46:00.000-07:002009-04-14T09:46:00.000-07:00Freedom,
It's getting cliche to use the term "dri...Freedom,<br /><br />It's getting cliche to use the term "drinking the Kool Aid" but how else do you explain these Rancho sellers and their asking prices? They LITERALLY are living in a bubble. One where the housing crash never occurred. It really is adorable to look at them all huddle together in their little delusion hut.<br /><br />And you're right about the kitchen. It's a 70s retread with a newer countertop. I shouldn't have called it original issue. But, the point is, that ain't a kitchen from a $650,000 house. <br /><br />By the way, it's funny how many readers love these houses! You and me included!el beehttps://www.blogger.com/profile/14187665973956068496noreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-71967798482325563042009-04-14T08:44:00.000-07:002009-04-14T08:44:00.000-07:00Comps?
There has only been one sale of a Cliff Ma...Comps?<br /><br />There has only been one sale of a Cliff May in the past six months! 6931 spring, at $474k or $254/sf.<br /><br />And while I'm not a CM expert, I think that kitchen is a bad renovation from the 70s, not the original stock kitchen.<br /><br />Of course, this guy isn't nearly as delusional at $354/sf as is 7209 Lanai at $574/sf. In fact, of the 15 CM houses that have been listed in the last six months, he is the third lowest per square foot. Of course, only one of those 15 has sold...<br /><br />Its going to be a long spring in the Rancho!<br /><br />FreedomCMAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-59840971582006306432009-04-13T21:33:00.000-07:002009-04-13T21:33:00.000-07:00I guess I understand that we're talking houses and...I guess I understand that we're talking houses and not cars, but man, I've seen some FUGLY "upgrades" done to otherwise nice houses. My girlfriend and I literally laughed at one agent showing us a place that had been "upgraded". Her mindless gushing just caught us like a bad comedy sketch, and after she stopped talking and said "What's so funny?", my gf just said "Don't you realize how TERRIBLE this came out? *IF* we bought the house we'd have to rip it ALL out!".<br />She has *much* better taste than I do, and _I_ thought it looked pretty BAD.drjimhttps://www.blogger.com/profile/05647484115197408897noreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-44819104419706420342009-04-13T21:04:00.000-07:002009-04-13T21:04:00.000-07:00drjim,
You know, that's a very good point about t...drjim,<br /><br />You know, that's a very good point about the kitchen. It is an asset to a guy like me who doesn't see the point in paying for someone else's questionable taste. BUT, in real estate you can't ask $150,000 more than recent comps when you have absolutely ZERO upgrades. You just can't. <br /><br />I love these Cliff May homes, too. I think most readers agree these properties are very desirable. Yep, slap some modern furniture in there and you're all set.el beehttps://www.blogger.com/profile/14187665973956068496noreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-59663667681847393172009-04-13T19:42:00.000-07:002009-04-13T19:42:00.000-07:00Hmmmm....maybe they consider the untouched kitchen...Hmmmm....maybe they consider the untouched kitchen to be an asset. I know from personal experience that an unrestored, original "collector's" car can be worth more than one that's been poorly/improperly restored.<br />As a wise friend told me, "You can RESTORE a car any number of times, but it's only ORIGINAL once".<br />BTW....I just love the "Cliff May" style homes. I like the openness and the beamed ceilings. Fill that sucker up with Eames furniture, and you'd have a 60's time capsule house.<br />BUT....I'd never pay what he's asking, and I agree with you about the seller being NUTZ!drjimhttps://www.blogger.com/profile/05647484115197408897noreply@blogger.com