A house in LA for $200,000

[Texasturkey]

Originally Posted by Mike121

Yeah, the 90001 needs some serious help.


(Edit: how did my comment jump ahead of the post I was replying too? Strange.)

I accidentally posted twice. Then, I deleted the first one so there wouldn't be 2.

[Korel]

Originally Posted by Bob Osborne

You can buy houses just like them in Santa Monica for $ 1,000,000.
Give or take a little.

I saw that on TV. A <1000sf house, bare bones, on the Venice Canal was appraised for >$900k! Here in N. Texas you can buy a brand new 4,000sf custom home on a large lot with pool and 3 car garage + all amenities! What a difference!

[msnorman67]

Originally Posted by Korel

I saw that on TV. A <1000sf house, bare bones, on the Venice Canal was appraised for >$900k! Here in N. Texas you can buy a brand new 4,000sf custom home on a large lot with pool and 3 car garage + all amenities! What a difference!

Isn't that some kind of Federal adjustment for having to live in N. Texas?

[ITChick]

Originally Posted by Texasturkey

It is a cute little house. But look where it is. Most houses in that area and surrounding cities have bars on the windows. I might get shot just for being blonde.

Then I'd get shot right along with you.

I have to admit that house is very nicely kept up for that area. Where I'm at, with those crime stats, it's burnt out/boarded up buildings and very few nice looking homes. Unless a rehabber/flipper purchased it.

[ITChick]

Originally Posted by msnorman67

Isn't that some kind of Federal adjustment for having to live in N. Texas?

I think it would be more of a weather adjustment.

[KnoxTown]

Originally Posted by Korel

I saw that on TV. A <1000sf house, bare bones, on the Venice Canal was appraised for >$900k! Here in N. Texas you can buy a brand new 4,000sf custom home on a large lot with pool and 3 car garage + all amenities! What a difference!

Same in TN. Suburbs of Memphis are about like that. It would probably come with at least an acre

[katymurta]

It's worth looking at the LA PD crime maps before you make judgments about neighborhoods. Do some research. Some neighborhoods that have historically been problem areas are changing. Hyde Park, which is a part of South Central, has some beautiful blocks and low crime areas. Not all of South Central is bad. I say this because I have friends who live in those areas. Also, I just bought a house in Boyle Heights for under $200k and my little neighborhood is pretty low drama. It's not a swanky area, like South Pasadena (where shacks go for at least $400k and where I currently live) but it's affordable and BH, like other areas, are on their way up. This is a good time to consider the marginal areas. When I first moved to LA in 1991, there were parts of Pasadena and parts of Highland Park/Mount Washington that were considered bad and crime-ridden. A few brave souls bought into those areas and now you can't get anything less than $350k; they are considered nice areas now.

[SickAndBroke]

Originally Posted by katymurta

It's worth looking at the LA PD crime maps before you make judgments about neighborhoods. Do some research. Some neighborhoods that have historically been problem areas are changing. Hyde Park, which is a part of South Central, has some beautiful blocks and low crime areas. Not all of South Central is bad. I say this because I have friends who live in those areas. Also, I just bought a house in Boyle Heights for under $200k and my little neighborhood is pretty low drama. It's not a swanky area, like South Pasadena (where shacks go for at least $400k and where I currently live) but it's affordable and BH, like other areas, are on their way up. This is a good time to consider the marginal areas. When I first moved to LA in 1991, there were parts of Pasadena and parts of Highland Park/Mount Washington that were considered bad and crime-ridden. A few brave souls bought into those areas and now you can't get anything less than $350k; they are considered nice areas now.

Most of southren ca los angeles and san fernado are made up of pockets of good , and pockets of bad.typically the bad pockets are heavy ethnic and heavy reo,
short sale and foreclosure areas.this is due in some part is the crazy loans that were given to people whom couldnt afford them.

Funny thing is when a nice area home is on the market it will not be a give away price sure you are seeing deep discounts but nothing like in the crappy areas, another thing is the schools to consider.