Like the Bubble Never Happened
Local new listing.
Nice house, nice view (alright my view) and excellent school district (alright, my school district).
But damn, you better not be old. Even then you better be in shape. In fact the driveway gets downright dangerous to walk with just rain. But it is a feature not a bug to many so lets look at the price history.
01/15/2013 Asks $839,000
09/15/2003 Sold $725,000
12/14/2001 Sold $630,000
Like the title says, as if the bubble never happened. Nice steady returns over the years. Bears watching to see if this sits or flies off the shelf.
And for "Outsider" a pic of the driveway.
There's an new app for your mobile device. Called Revestor here's a review
. I've tried it and while still thin on listings the automated cap rate and cash flow estimates are very useful.
“Instead of investors and Realtors using multiple apps and archaic spreadsheets they can now save hours worth of research and analysis by letting Revestor do all the heavy lifting,” the company notes. The free iPhone app is the company’s latest feature launch, arriving shortly before their showcase on the Shark Tank on ABC.
Living High Desert and Fancy Free
|SEPT 27 2012||Home in default||$64,770past due||The owner of this property has been served a Notice of Default.|
|OCT 30 2007||Loan issued||$253,468||A loan was issued by BANK OF AMERICA NA on 10/30/07 in the amount of$253,468.|
|OCT 30 2007||Previous sale||$279,000||This home last sold for $279,000.|
Okay, let's look at that. 10% down end of Oct 2007. First payment Dec 2007. Approx monthly mortgage payment; $1400. Call the monthly late fee and penalty 10%. $1540. 46 months later they owe $64,770. Looks like they made about 6 payments and lived for free for 3 1/2 years.
Here's this particular gem
of the high desert.
No doubt Cinco-X will appreciate the moisture along the foundation behind the kitchen.
So, What about prospects as a rental? I'm sure the municipality and state would like that.
Tax History via Zillow
At $253,000 the taxes were $5,175 or 2.05%.
At $124,600 the taxes are $3,613 or 2.9%.
|Year||Property taxes||Change||Tax assessment||Change|
So much for Prop 13 protections eh? So, the first $300/mo of rent goes to taxes.
|Click for a larger view of a whole lotta nuttin'|
5 Acres 29 Palms
$125.00 per month payments
(San Bernardino County)
Located on Naborly Road in 29 Palms
Click on link to see overhead view:
Taxes are $100.00 per year.
Terms are for 10 years.
No credit checks. No down Payment!
Call Timothy Yxxxx 949-584-xxxx
So what is the price? This isn't a damn sub prime car loan purchase. Oh well, I'm sure there's a sucker someplace.
|In the auto sales business an incautious buyer is known as a "lay down." |
A new US Census Bureau report shows that, "About 100,000 more Californians moved to another state in 2011 than California gained from other states," in the summary by the Sacramento Bee. The main destinations of the 562,343 Californians who left: Texas 58,992, Arizona 49,635, Nevada 40,114 and Washington 38,421. Note that, of those four states, three have no state income tax at all. And the fourth, Arizona, has a top rate of 4.54 percent, just under a third of California's top rate.
Read more: http://www.appeal-democrat.com/articles/tax-121854-state-california.html#ixzz2H1Uoovyy
The Controllers office says it's too early to tell whether the new highest in the nation top rate will actually have an effect. Riiiight.
iOS Early Beta Selling Poorly
- Last Friday, an online data and ad company found that Surface RT tablet users accounted for less than 0.25 percent of Web traffic during the weeks before Christmas, while users of Apple's iPad tablets still generate more than 87 percent of U.S. and Canadian tablet Web traffic.
- On Thursday, the CEO of Japan's biggest provider of computer services said Fujitsu will miss its annual shipment target for personal computers amid slow demand for Microsoft's Windows 8 operating system.
- The week before, Acer's America's president Emmanuel Fromont said, "It's a slow start, there's no question." At the end of November, Asus CFO David Chang said, "Demand for Windows 8 is not that good right now."
- In early December, four weeks after its launch, Windows 8 had just a 58 percent share of Windows PCs sold during that period, while Windows 7 took 83 percent of Windows sales in its first four weeks, according to NPD, a research firm whose market share data I find to be accurate. (There's a lot of iffy data repoprted as fact because many companies don't report actual sales to customers, leaving analysts to try to figure it out on their own.) Of course PC sales have declined under Windows 8, so it was a smaller piece of a smaller pie.
One word: Zune.
This is one of those slow broken weeks. Might as well sleep late. Early next week we get the bad news from the State Controller about December revenues. We should also see a fair weather states big pop in for sale inventory. I might be early but the Administration may start rolling out their comprehensive climate change policy before the re-inauguration. Hey! What happened to the comprehensive national energy policy?
Nice unobstructed 360° views of the apocalypse from this lovely acreage. Looks like somebody was ready for the Mayan prophesies and that didn't work out. Anyway presenting:
Home for sale in Phelan, CA $382,000 USD
WOW!! Picturesque Panoramic views of valley, mountains and city lights. Private and screen only the sounds of wild life and afar off train whistle, yet only 7 miles to town, 10 minutes to HWY 15. Two homes on a lot, Both homes are constructed with 9 inch exterior walls, synthetic finish, snow load roofs constructed for load, gutters , central air and heat, ramp and stair access. Beautiful Guest house is apx 1450 sq ft. 3 bedroom 2 bath sunken tub in master, Island kitchen with eat in dining area, cozy fireplace in living room, walk in closets in all large bedrooms, inside laundry room, central air and heat, fenced rear yard and a stout covered… patio, views beyond belief. Main house is 3000 sq.ft. 4 bed, 2.5 baths, formal living room with fireplace, formal dining room, family room with wood burning stove, Island kitchen with eat at counters, master bedroom has a retreat and sunken tub and fabulous views. There is a windmill and solar system with back up generator for electricity, easily maintained for free energy. (Apx. $160,000 electric system ). There is an electric gate enterance, apx. 27 acres is completely fenced with top rail chain link fencing. There are two 40 foot containers. Tenants would like to stay on. Seller is Original owner/builder.
End of the world? No problem. You are already at the end of the world.