Housing prices - INSANE! (Pasadena, West Covina: real estate, foreclosures, rent)

[k374]

As I said I do not know if the neighborhood was actually Cerritos or Hawaiian Gardens, I don't know where exactly the borders run... all I saw was a street sign a few blocks before where I stopped that said "City of Hawaiian Gardens" so I assumed it was that... all I can say is that I made an objective analysis of the neighborhood and the houses based on what I saw with my own eyes and came to the conclusion that neither the neighborhood nor the houses were impressive at all... now considering the asking price of $550k - over half a million dollars - in this economy, squarely in a very middle class area - I thought it was simply astonishing!

The neighborhood that I saw was a far cry from what I would describe as an affluent area...yet these asking prices?

[JohnG72]

Originally Posted by k374

As I said I do not know if the neighborhood was actually Cerritos or Hawaiian Gardens, I don't know where exactly the borders run... all I saw was a street sign a few blocks before where I stopped that said "City of Hawaiian Gardens" so I assumed it was that... all I can say is that I made an objective analysis of the neighborhood and the houses based on what I saw with my own eyes and came to the conclusion that neither the neighborhood nor the houses were impressive at all... now considering the asking price of $550k - over half a million dollars - in this economy, squarely in a very middle class area - I thought it was simply astonishing!

The neighborhood that I saw was a far cry from what I would describe as an affluent area...yet these asking prices?

And again, asking prices mean absolutely nothing.

[Mr.Kurtz]

$300k - 500k for a 30+ year old shack of home in Cerritos, LB, Compton, Torrance ... Are you people all dumb, or just really dumb?

I suppose most of you wake up at 6AM Mon - Fri. And drive 1.5 hours to work in a cublcle with your name on on a fake wood plastic sign, on your desk?

You do this for 20 years .... Then what?

All so you can say, ' I live in California .... "

Peace

[harhar]

Originally Posted by Mr.Kurtz

$300k - 500k for a 30+ year old shack of home in Cerritos, LB, Compton, Torrance ... Are you people all dumb, or just really dumb?

I suppose most of you wake up at 6AM Mon - Fri. And drive 1.5 hours to work in a cublcle with your name on on a fake wood plastic sign, on your desk?

You do this for 20 years .... Then what?

All so you can say, ' I live in California .... "

Peace

I wouldn't otherwise respond to this, other than: You are the best kind of troll; thoughtful, inspiring and kind.

Peace.

[Dean Trails]

Originally Posted by Mr.Kurtz

My Grandpa used to say ' ... you can't teach stupid. '

Modern Day Slavery = Citizens of California

Very astute of your granddad!

May i come live on a very small corner of your island??

[steven_h]

Originally Posted by JohnG72

Torrance isn't a "massive" improvement over Long Beach, at least the area south of the traffic circle. And in fact, its not as nice or wealthy as Belmont Shores.

Cerritos has the top high school(from a score perspective) in the state.

I didn't mean to offend you.

Sure Belmont Shores is nice; however, the rest of Long Beach doesn't come close to it. East Long Beach is horrible. South Long Beach (Seal Beach side) is the best area. Overall it's surrounded by Lakewood, North Lg Beach, Compton, San Pedro and Carson. Torrance is a beach city to the west, and surrounded by Gardena, San Pedro, Lomita, Rancho Palos Verdes and Rolling Hills Estates (only Beverly Hills has a higher ipc), Redondo Beach and Lawndale. It has the best schools as a whole, and has for fifty years. Torrance doesn't have the gang problems and violent crime that Long Beach enjoys. It's a smaller city, with 23,000 students vs. Long Bch. 95,000 - spread across 35 schools vs. Long Bch. 98, with smaller class sizes, and it makes sense that it should rank higher (even if barely) by parents.

Torrance average 6.1
Torrance, CA schools - ratings for public & private schools - Trulia.com

Long Beach average 6.0
Long Beach, CA schools - ratings for public & private schools - Trulia.com

Cerritos average 5.7
Cerritos, CA schools - ratings for public & private schools - Trulia.com

I was actually surprised to see Long Beach on the heels of Torrance for education. So you are correct that it isn't a massive improvement, but it is when you add in safety and quality of life. Long Beach seems to be improved while Torrance has dropped a bit, so it's really just semantics I suppose.

Cerritos has "the top rated high school" Gretchan Whitney... That's great! We are talking about on average, overall. Cerritos has one school that shines, while Torrance has all four of their HSs in the top 100 in California. Torrance High is ranked 33, while West and South are both top 50, I believe. Cerritos is a heated dust bowl in the summer as well - this is just an observation from all the years I worked there.

[steven_h]

Originally Posted by Mr.Kurtz

$300k - 500k for a 30+ year old shack of home in Cerritos, LB, Compton, Torrance ... Are you people all dumb, or just really dumb?

I suppose most of you wake up at 6AM Mon - Fri. And drive 1.5 hours to work in a cublcle with your name on on a fake wood plastic sign, on your desk?

You do this for 20 years .... Then what?

All so you can say, ' I live in California .... "

Peace

I get up when I wake, and I walk 20 feet to my office.
I'd guess you get up at 7a, get fed, walk to the corner and wait for the bus. When do you graduate?

[yowps3]

Go to the Midwest.. Dirt cheap

[DynamoLA]

Breaking news: L.A. has high housing prices. We'll stay on top of this breaking development...

[Troof]

Sticker shock definitely hits those looking at RE prices for the first time here.

Though, I must agree, without massive inflation (including wages), I don't see an economic base here that can support even the discounted housing prices here, aside from homeowners living "house poor" with no savings, retirement, etc.