Comments on: Cool LA Times Tool

By: RED

RED — Thu, 24 Jul 2008 19:11:35 +0000

Hi Alice! I hear that nice one on Curson as an “in escrow” sign on it now. Good for them! It’s a beautiful house.

By: Alice

Alice — Thu, 24 Jul 2008 01:40:03 +0000

Ha! I’m with you, Red. We’ve talked about this one before. Flippers bought the house, added a master bed and bath, and renovated the kitchen and baths with what appears to be the cheapest materials they could find. If they had a modicum of taste and a few brain cells, they would have spent a bit more on the upgrades to bring up the quality. Sorry, but yes — they were begging to be foreclosed on.

Compared to the gorgeous house a few doors up for $899,000, this one should be listed at $700K.

I pass it every day on my way home from work — and shake my head.

By: RED

RED — Thu, 24 Jul 2008 01:22:50 +0000

Hey! It’s that overpriced house on Curson! I feel sorry for most people losing their homes, but not this one. They kept that house on the market for some 3+ years, counting from before it became REO, and it has never been priced remotely in line with the market. Before the bank took it, it was listed at over 1.2 million for over a year without a single price drop. It’s like they were asking to having it foreclosed on.

RED

By: anita

anita — Wed, 23 Jul 2008 20:38:58 +0000

There are more affordable starter homes out there now, as Phyllis points out – I’ll blog about some this week, Miguel, in neighborhoods like Eagle Rock where it is more stroller city these days than crack city.

By: MIguel Collins

MIguel Collins — Wed, 23 Jul 2008 20:28:07 +0000

As a long time reader, it would be nice if the redfin blog featured some starter homes in the los angeles area.

Something between 300k and 400k that aren’t in crack city. I know they are out there, but they aren’t even being mentioned.

thank you .

By: Phyllis Harb

Phyllis Harb — Wed, 23 Jul 2008 19:41:26 +0000

The “silver lining in the cloud” is to think of how many can now afford a home that could not before.