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Old 06-03-2008, 12:25 PM
Gea Gea started this thread
 
2 posts, read 4,979 times
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Hi...Thinking about buying a brand new townhome right on Hawthorn BLVD and 230th. I saw a lot of Apts on that street. Is that a good neighbourhood to buy? I heard the zipcode 90505 is pretty good and is a good school district. Wondering about the resale value in that area. Thanks in advance for your thoughts.
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Old 06-03-2008, 12:30 PM
 
Location: South Bay Native
16,225 posts, read 27,415,942 times
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I wouldn't buy a townhome or condo in any kind of market (I'm an SFR type of person) but I do believe with where the market is heading, now would be possibly the singlemost worst time to buy a townhouse or condo. But that's just my opinion - I'll be curious to see what others think about this.
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Old 06-03-2008, 12:32 PM
 
Location: South Bay
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agreed
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Old 06-03-2008, 12:40 PM
 
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Default ditto

It's a fairly nice area, good schools, but you'll probably be better off in the long run if you buy a single family home. JMHO
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Old 06-03-2008, 12:46 PM
Gea Gea started this thread
 
2 posts, read 4,979 times
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Thanks for your replies. Yeah...that was our original plan but the SFR's in the good parts of the South Bay Area are more than $ 750k or so. Out of our reach. These new ( very nice) townhomes are going for $ 625k or so. Is that too much for a town home in Torrance?
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Old 06-03-2008, 12:58 PM
 
Location: South Bay Native
16,225 posts, read 27,415,942 times
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Quote:
Originally Posted by Gea View Post
Thanks for your replies. Yeah...that was our original plan but the SFR's in the good parts of the South Bay Area are more than $ 750k or so. Out of our reach. These new ( very nice) townhomes are going for $ 625k or so. Is that too much for a town home in Torrance?
YES!!! I know of a home (SFR) that sold in the Hollywood Riviera (not sure if you are familiar with it, but it is a nicer part of So Torr) a few months ago for $600K. 'New' and 'very nice' are fine, but doesn't carry over to when it's time to sell - and selling a townhome is always harder than an SFR. I don't know about other areas, but in So Cal, it's always been about getting into the real estate market wisely, and then using your equity after a few years to leverage yourself into an even better home.
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Old 06-03-2008, 01:48 PM
 
Location: CITY OF ANGELS AND CONSTANT DANGER
5,408 posts, read 12,661,015 times
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co sign what everyone has said.

SFR is better in the long run and condos/TH's are not very appealing to all buyers.

and 650K is ridiculous. the price should be a lot lower, especially if it is torrance. even if it is the border with PV a TH should not be that much.

for that price you can get a good home in a equally nice area at the rate the market is going. you might want to wait a lil for prices to drop some more bacause 650K for a TH sounds like a lot.

oh and torrance is a nice city, but nicest closer to PV.
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