Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
Saturday, September 15, 2007
Focus on 92397
Wrightwood is a great little village deep in the San Bernardino Mountains. With 165 homes for sale and only 10 selling last month they are experiencing the same slowdown we see nationwide. When we sold one of our rentals in Apr '06 there were 63 for sale and sales rates in the 20s. Those 10 that sold last month went for a median $315k. Of the 165 for sale only 18 are below that price. Sloppy statistics I know but it looks like 5 of the 18 and 5 of the remaining 147 can expect to sell this month.
For you net addicts there is a nifty you-control camera downtown here.
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11 comments:
The lowest priced will sell FIRST, but, when will that be, is the question.
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goddamnit....murst
hey i think i just saw a drug deal go down using that webcam!
Rob:
I think I know that town...is it some kind of refuge for displaced New Englanders?
Decades ago I was in one of those San Berdoo/San Gabriel mountain towns, and thought I'd ventured through a space/time warp into Vermont or something.
Nice place.
(BTW...y'all know me by my "Shark-puppet" moniker)
bilgeman,
Good to hear from you. Yeah, that's the place. We have a little ski cabin up there and used to have rentals. Realy nice little place at 6000 feet with the Mountain High ski area nearby.
Look for recreational property to fall the hardest. This place is going down. People will sell these to pay for gas in their Hummers.
You should watch Making a Sense of Place. Not sure that you would watch it on LA School District TV, it is so disconnected from Ventura. On Phoenix and Cleveland sprawl.
Oops link
We get KLCS. We don't even have any local news stations. The echo effect from LA makes them unprofitable.
It's the San Gabriel Mtns, the San Bernardino Mts start across the Cajon Pass.
I used to ski Wrightwood on a regular basis in the very early 1980's. Ski Sunrise had free skiing until 10 a.m. and I would be in my Hollywood office by 11:30a.m.
I know I would find the traffic now too depressing.
Other downside to Wrightwood is that it is EXACTLY on the San Andreas fault line.
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