90210 in the Pooper?... And, Ray
Okay, not exactly, but turns out that the ritzier zip codes in Los Angeles are actually dropping in housing prices, whereas less palatable areas--like Compton--no seriously, Compton--are increasing. People are getting priced out of LADERA. LADERA.
Here's a tip: Buy in a rising area (like Ladera), flip in a few months, and use the cash to purchase a now-falling-in-price place in West Hollywood or Beverly Hills adjacent. Yeah!!!
Interesting days we live in. Some think the market will continue to go strong, but it looks like a wave affect--the nice places crest first, the not so nice places crest second, and in the end, it'll all even out. Maybe not collapse, but the market will straighten out.
Ah, don't get me started on real estate. I could go on about it forever.
BTW, anyone who saw Ray--pretty straightforward biopic, yah? It doesn't seem to be overly magical in any way to me. I am enjoying it, but sort of in that way you'd enjoy a very good Movie of The Week. Watcha think?
Here's a tip: Buy in a rising area (like Ladera), flip in a few months, and use the cash to purchase a now-falling-in-price place in West Hollywood or Beverly Hills adjacent. Yeah!!!
Interesting days we live in. Some think the market will continue to go strong, but it looks like a wave affect--the nice places crest first, the not so nice places crest second, and in the end, it'll all even out. Maybe not collapse, but the market will straighten out.
Ah, don't get me started on real estate. I could go on about it forever.
BTW, anyone who saw Ray--pretty straightforward biopic, yah? It doesn't seem to be overly magical in any way to me. I am enjoying it, but sort of in that way you'd enjoy a very good Movie of The Week. Watcha think?
posted by Bunny @ 3:45 PM
1 Comments:
At 10:21 PM,
Jason said…
I think the market is flattening a little (after being told my house was sure to sell the first weekend, it still sits, and I'm even dropping the price $10K or so), but it's going to keep getting ridiculously harder for someone just coming in to afford anything. Soon we'll all be millionaires and living paycheck to paycheck.
Post a Comment
<< Home