tag:blogger.com,1999:blog-4846814498283585105.post6265115346712184960..comments2023-10-17T03:56:37.638-07:00Comments on Westside RE Comparables: When Will Appreciation Return To Westside Real Estate?Anonymoushttp://www.blogger.com/profile/02624092640232514548noreply@blogger.comBlogger72125tag:blogger.com,1999:blog-4846814498283585105.post-25128564939100798022010-03-15T07:45:39.864-07:002010-03-15T07:45:39.864-07:00Good day!
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You re, I guess , perhaps curious to know...Hello !.<br />You re, I guess , perhaps curious to know how one can collect a huge starting capital . <br />There is no need to invest much at first. You may commense to get income with as small sum of money as 20-100 dollars. <br /><br />AimTrust is what you haven`t ever dreamt of such a chance to become rich<br />AimTrust represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas. <br /><br />It is based in Panama with offices around the world.<br />Do you want to become an affluent person? <br />That`s your chance That`s what you desire!<br /><br />I feel good, I started to take up income with the help of this company, <br />and I invite you to do the same. If it gets down to choose a proper partner utilizes your money in a right way - that`s it!.<br />I earn US$2,000 per day, and my first investment was 500 dollars only! <br />It`s easy to start , just click this link http://megafokej.builtfree.org/upisyr.html<br /> and lucky you`re! Let`s take our chance together to become richAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-7917115364329681542009-06-28T22:51:18.865-07:002009-06-28T22:51:18.865-07:00"2. i don't know where the money is comin..."2. i don't know where the money is coming from, but people always have money on the westside."<br /><br />damn so the westside people have money trees growing in their backyards. no wonder i can't afford the houses there.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-46339408352992498062009-06-28T18:26:37.164-07:002009-06-28T18:26:37.164-07:00I agree 100%
But also consider that the West Sid...I agree 100% <br /><br />But also consider that the West Side is made up of a large number of micro neighborhoods each with their own character.<br /><br />North of Montana is a million miles away from the pico neighborhood (in terms of safety and cleanliness) <br /><br />Do not treat the whole west side as one blockAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-23101925856276681602009-06-28T17:17:33.047-07:002009-06-28T17:17:33.047-07:00to add some humor to the blog:
prices will fall, ...to add some humor to the blog:<br /><br />prices will fall, and this blog are like the kids in the car on a long trip asking daddy/mommy:<br /><br />are we there yet? <br /><br />And, dad/mom; replies: N0. you will know when we are there. <br /><br />We will get there. Give it another 12-18 months. It is just a matter of time. For the time being, work as hard as you can and save up for a bigger down payment, and for some you might be able to buy something a little nicer with lower prices. <br /><br />Also, ask yourself is west LA a place where you really want to raise your children.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-19142875131767464502009-06-28T16:16:50.378-07:002009-06-28T16:16:50.378-07:001. most people living on the westside does not wor...1. most people living on the westside does not work fo the State of CA. <br /><br />2. i don't know where the money is coming from, but people always have money on the westside. <br /><br />3. baby boomers will be working until they are at least 70 unfortunately.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-70930738222271629892009-06-28T12:06:05.945-07:002009-06-28T12:06:05.945-07:00"If jobs hold up..."
What are you smoki..."If jobs hold up..."<br /><br />What are you smoking right now. The State is going to start issuing IOUs soon. Thousands of government workers will certainly have their salaries reduced.<br /><br />The fuel that propelled the boom is gone (ie, construction, RE, financial sector).<br /><br />Businesses are all downsizing, cutting back, going bankrupt or leaving the state.<br /><br />California is imposing even more expensive regulations on businesses.<br /><br />The babyboom generation is hitting retirement age and hundreds of thousands will be leaving their homes because of death and/or retirement.<br /><br />We have bloated supplies and decreasing incomes.<br /><br />Yeah, the Westside prices will stay stable.<br /><br />The only reason I come to this site is to get a good laugh at the people who are still in denial.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-27970080918568719042009-06-28T01:02:00.936-07:002009-06-28T01:02:00.936-07:00good article Taylor.
If jobs hold up, prices wil...good article Taylor. <br /><br />If jobs hold up, prices will probably not fall as quickly.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-2322753542593478132009-06-27T09:18:37.987-07:002009-06-27T09:18:37.987-07:00Taylor I agree with you
but certain neighborhood...Taylor I agree with you <br /><br />but certain neighborhoods will be good places to live and certain ones will not beAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-18203787557425699462009-06-26T23:36:09.166-07:002009-06-26T23:36:09.166-07:00Here's some fun reading. Probably everybody&#...Here's some fun reading. Probably everybody's already seen it, but in case otherwise:<br /><br />http://www.forbes.com/forbes/2009/0713/opinions-housing-market-values-heads-up.html?partner=daily_newslettertaylorhttps://www.blogger.com/profile/09517858126532518419noreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-56013309988114267312009-06-26T17:58:31.301-07:002009-06-26T17:58:31.301-07:00Anon June 26, 2009 5:18 PM,
We are all still wait...Anon June 26, 2009 5:18 PM,<br /><br />We are all still waiting for rich Germans to come and eat red cabbage and share their shadenfreude, and, in between gulps of very good beer, buy up all the Westside property. If there is one thing that will uplift these horrible Westside neighborhoods full of depreciating assets, it is a good strudel. <br /><br />Your a little light on the facts there too, aren't you buddy? Still, that hasn't stopped anyone here from making a point, especially you. <br /><br />As a displaced East Coast intellectual, full of facts about Manhattan, would you like to bring to bear your insightful knowledge about that city- a full 3000 miles away, with a geography NOTHING like the Westside- to predict the bottom of the Westside housing market? <br /><br />I shall not sleep until I know your answer, and facts, cabbage or Freud's Shining Nob are not necessary.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-70042852410129304522009-06-26T17:18:54.456-07:002009-06-26T17:18:54.456-07:00To Anon June 26, 2009 2:44PM
I'm still waitin...To Anon June 26, 2009 2:44PM<br /><br />I'm still waiting on your counter argument for how prices will remain stable/rebound other than rich foreigners and rich people will come flocking to the westside to save the day. If you can prove that this has happened in the past through historical data, I would appreciate that as well to see how credible this argument is.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-70793332059143109092009-06-26T15:00:20.733-07:002009-06-26T15:00:20.733-07:00Better yet, just go live east of the 405. You lea...Better yet, just go live east of the 405. You leave us on our side of the 405Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-3620012444041468752009-06-26T14:44:49.950-07:002009-06-26T14:44:49.950-07:00Anon June 26, 2009 12:31 PM, is obviously just ano...Anon June 26, 2009 12:31 PM, is obviously just another looser NY transplant. He moved out here and couldn't find any good hot wings, so he cried a bit and decided to talk it up about how stupid people on the Westside are. <br /><br />Please just go back to your state, and let us house poor shmucks enjoy the beach, the mellow (native born) people and the surf. <br /><br />The shadenfreude will be related to the joy I experience as you sweat in your rented tiny NY apt, because you cannot afford to buy. I hear that Elliot Spitzer is looking for a roommate.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-86228311464784593632009-06-26T12:51:05.938-07:002009-06-26T12:51:05.938-07:00I agree - The math just doesn't work -
espec...I agree - The math just doesn't work - <br /><br />especially in Culver City. There is no way prices are sustainable at their current levelsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-12885248061594190032009-06-26T12:31:34.941-07:002009-06-26T12:31:34.941-07:00"Is "shadenfreude" related to the g..."Is "shadenfreude" related to the gangs in the Palisades? Your hatred of Westsiders clearly marks you as a under-funded, low wage, rich person hater. Please crawl back under your rock in Semi Valley."<br /><br />Huh? There might have been discussion about gangs in PP up thread, but I certainly didn't say anything about that. Rather, the schadenfreude will be solely related to the joy I experience watching hubris such as yours crash down around you. I don't hate Westsiders at all. Many good friends and some relatives there. The thing is, I chose to associate with people who don't let their personal interest blind them to economic realities. It's clear you are taking this personally, so perhaps your just another Realt-whore or house poor shmuck like so many I've met on the Westside. I pity you. YHou've poured a tremendous amount of money into a depreciating (at lest for the near to medium term) asset, so your anger here shouldn't be surprising. Perhaps you want to lash out against the unfair world and all of these loons who are talking the market down and can't see the intrinsic value of the good life on the Westside?<br /><br />I don't know what your motivations are, but you've done a piss poor job of arguing the point rather than the person. In a world in which high-risk loans are no longer available, please enlighten us as to how the math works for a 30 yr fixed loan when median home prices are 7-10x median incomes on the Westside. Let me guess - the trust funders and wealthy foreigners are going to save the day, right? Funny - that's what everyone in Manhattan was saying in the late 70s, and late 80s, and the late 2000s. Oh wait - The Westside is different.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-37124791362371633362009-06-26T11:56:16.564-07:002009-06-26T11:56:16.564-07:00I have to agree with Anon 11:42 and 7:44. The real...I have to agree with Anon 11:42 and 7:44. The reality of Westside real estate is bleak. Nothing but hope and spin keeping it on life support. The WSJ article is simpldy bad headline reporting trying to entice readers.The writing is on the wall for those who choose to see it. Just remember we all make our own choices. Caveat Emptor....Latesummer2009http://www.westsideremeltdown.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-14204928518252550732009-06-26T11:25:33.456-07:002009-06-26T11:25:33.456-07:00BogusBogusAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-28399401742719326542009-06-26T09:28:29.643-07:002009-06-26T09:28:29.643-07:00All neighborhoods East of the 405 are permanently ...All neighborhoods East of the 405 are permanently destroyed. Please read professor Putnam's explanation for why West of the 405 is a good place to live and East of the 405 is heading in to the toilet (pretty rapidly) <br /><br />professor Putnam is the one honest commentator we have about this.<br /><br />Google it - <br />the professors at Harvard are laughing at what the UCLA professors did to us here in LA.<br />Read professor Putnam's condemnation of the UCLA professors here :<br /><br /><br />"A bleak picture of the corrosive effects of ethnic diversity has been revealed in research by Harvard University's Robert Putnam, one of the world's most influential political scientists. His research shows that the more diverse a community is, the less likely its inhabitants are to trust anyone—from their next-door neighbor to the mayor." <br />"In the presence of diversity, we hunker down," said Putnam. "We act like turtles. The effect of diversity is worse than had been imagined. And it's not just that we don't trust people who are not like us. In diverse communities, we don't trust people who do look like us." [Study paints bleak picture of ethnic diversity October 8, 2006]<br /><br />"Professor Putnam," said the Financial Times, "found trust was lowest in Los Angeles, 'the most diverse human habitation in human history.'"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-74794389552003157582009-06-26T09:00:44.848-07:002009-06-26T09:00:44.848-07:00The WSJ article was hilarious. The median goes up...The WSJ article was hilarious. The median goes up when more higher end homes start to sell, even if the homes sell at slashed prices. Notice they do not use the Case-Shiller index. I loved the little disclaimer about how 11.5% unemployment might be a problem.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-24232009673576775572009-06-26T07:44:55.476-07:002009-06-26T07:44:55.476-07:00Is "shadenfreude" related to the gangs i...Is "shadenfreude" related to the gangs in the Palisades? Your hatred of Westsiders clearly marks you as a under-funded, low wage, rich person hater. Please crawl back under your rock in Semi Valley.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4846814498283585105.post-30229115026496491432009-06-26T00:11:11.197-07:002009-06-26T00:11:11.197-07:00The self-congratulatory blather from Westsiders is...The self-congratulatory blather from Westsiders is comical. If I had a nickel for every person I've met who said "it won't happen here", I'd own the Westside. Is Manhattan some sort of undesirable backwater? If not, how to explain the 50% decrease in home prices during the recession of the early 90s? Let me guess - it's different here?<br /><br />It couldn't be more simple to see coming. Just look at median income vs. median home prices in any Westside area code and you'll see that it's completely out of whack with all reasonable metrics - well over 5x and usually closer to 10x. No matter how desirable those locations my be, the laws of economics don't change, nor, apparently, do the lousy schools. <br /><br />The next wave of defaults and foreclosures could not be easier to detect. It doesn't take forensic work to determine the volume of those loans about to go bad - the stats are there for anyone to see if you bother to take your head out of the sand for more than a second or two. <br /><br />Oh, and has anyone noticed that the communities with the biggest differential between list price and sale price last month were Palisades and Beverly Hills? Wait - let me guess - those locales are passe' and SM and Venice are where all the cool dentists need to be these days. My God the hubris is astounding. The shadenfreude will be delicious for the next few years.Anonymousnoreply@blogger.com