06-19-2008, 08:07 PM
Location: Major Metro
1,086 posts, read
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Reputation: 327
Quote:
Originally Posted by
Charles
That is an excellent table.
I'm happy to see home prices adjusting to a more realistic level. The income in CA isn't much higher than Dallas or Houston yet the average home prices are 5 x higher
. Unfortunately, the places I would buy in are listed under the positive changes but they will drop some too over the next 12 months.
06-20-2008, 02:07 PM
830 posts, read
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Reputation: 350
06-20-2008, 02:11 PM
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1,487,088 times
Reputation: 350
Was talking to my friend at lunch today. He sold his house in Fullerton about two years ago for $750,000. The people that bought it defaulted within 18 months. It is now listed for $569,000. Down $181k in two years. Ouch!
06-20-2008, 02:15 PM
11,612 posts, read
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Reputation: 6612
Quote:
Originally Posted by
motoman
Was talking to my friend at lunch today. He sold his house in Fullerton about two years ago for $750,000. The people that bought it defaulted within 18 months. It is now listed for $569,000. Down $181k in two years. Ouch!
But there's never been a better time to buy than now, huh?
I've got my popcorn and will be enjoying the second half of the horror movie playing out before us. Just wait will all those "My neighborhood is immune to this" types get their's.
06-20-2008, 03:22 PM
148 posts, read
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Reputation: 108
The 2 Prudential "agents to the stars" Joseph Babajian and Kyle Grasso were formally indicted as well. They "allegedly" were part of a scheme to greatly inflate property values and get fraudulent loans based on these vastly overinflated values.Beverly Hills agents indicted | L.A. Land | Los Angeles Times (http://latimesblogs.latimes.com/laland/2007/08/beverly-hills-a.html - broken link)
Last edited by karkyco; 06-20-2008 at 03:32 PM ..
06-20-2008, 03:42 PM
Location: West LA
2,318 posts, read
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Reputation: 1005
Damn... I was hoping on of the busted RE agents would be Todd Marks. That guys damn commercials before AMC movies kill me.
06-20-2008, 04:44 PM
Location: Los Angeles, Ca
2,489 posts, read
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Reputation: 2297
The other day in the LA Times, they said that housing had gone down in outlying areas (riverside, palmdale, etc) because gas is so expensive. People don't want to live there and drive to LA.
06-20-2008, 04:46 PM
Location: Los Angeles, Ca
2,489 posts, read
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Reputation: 2297
LOL at Todd Marks. That guy is getting his name out there.
06-20-2008, 06:44 PM
148 posts, read
256,291 times
Reputation: 108
Quote:
Originally Posted by
LASam
Damn... I was hoping on of the busted RE agents would be Todd Marks. That guys damn commercials before AMC movies kill me.
HAHAHA! Yeah I HATE those! The funniest thing is that, if you remember those, it used to be him and his wife...with Robin Leach as the announcer:
"If you want to buy among the rich and famous, go with Todd and Lori Marks!" As a pseudo-MS Powerpoint presentation would scroll through pictures of them.
Looks like she kicked his ass to the curb, as he's doing the ads alone now.
06-20-2008, 07:39 PM
1,297 posts, read
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Reputation: 519
Quote:
Originally Posted by
motoman
Was talking to my friend at lunch today. He sold his house in Fullerton about two years ago for $750,000. The people that bought it defaulted within 18 months. It is now listed for $569,000. Down $181k in two years. Ouch!
Did he sell to get out or did he just sell and move into the same area? I hear fullerton isn't as lilly as it used to be....................
I know a guy in Anaheim who sold to get out... he moved to Newport.
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. Unfortunately, the places I would buy in are listed under the positive changes but they will drop some too over the next 12 months.
