tag:blogger.com,1999:blog-7514357.post3537600526374365590..comments2024-02-25T08:16:25.546-08:00Comments on Exurban Nation: Where the Deer and the Antelope Go to DieRob Dawghttp://www.blogger.com/profile/10042154106850545479noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-7514357.post-82994105924328847712009-04-08T20:47:00.000-07:002009-04-08T20:47:00.000-07:00I lived in Lancaster, just north of Palmdale, all ...I lived in Lancaster, just north of Palmdale, all through the big real estate boom and bust of the 90s. The bust was brutal, and in the end there were more brown and yellow lawns than green ones in my neighborhood. Poor Palmcaster. Now they get to go through it all over again...and so soon--only this time with high gasoline prices for added punch. People never learn.<BR/><BR/>The high desert is the worst place I've ever lived, btw. It has the high taxes, high crime, and the air pollution and filth of a big city, while having the shopping and services of a small city. The area has brutally hot summers and harsh winters too. And the few weeks of the year where the weather is mild are completely ruined by high winds.strongbadhttps://www.blogger.com/profile/07094281565948719449noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-51787954398901259852009-04-08T14:43:00.000-07:002009-04-08T14:43:00.000-07:00@segCripes, for $140M you could buy a freaking sma...@seg<BR/><BR/>Cripes, for $140M you could buy a freaking small town.Pleather Mursehttps://www.blogger.com/profile/12128585033868187384noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-4511095261468174662009-04-08T13:33:00.000-07:002009-04-08T13:33:00.000-07:00$70,000--now we're getting somewhere! I'm not one...$70,000--now we're getting somewhere! I'm not one for calling bottoms, but at least for this particular area, I think this is getting close.<BR/><BR/>No, not many jobs within reach. But the weather is presumably good, and so it's an ideal starter home for a telecommuter or an "airplane" commuter (e.g. traveling salesman.) That's one important point to remember--particularly for areas with good lifestyle and weather, there will always be at least a minimal set of buyers from people who are indifferent on location, at least from a work perspective.Peripheral Visionaryhttps://www.blogger.com/profile/02489447120517274000noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-41018943862798433062009-04-08T12:59:00.000-07:002009-04-08T12:59:00.000-07:00@ Pleather Murse:You could buy all four properties...@ Pleather Murse:<BR/><BR/>You could buy all four properties on the "also looked at" list for that amount, and still have change left over.segfaulthttps://www.blogger.com/profile/14824952920552637135noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-68687904218140690832009-04-07T14:27:00.000-07:002009-04-07T14:27:00.000-07:00It was probably bot by a fliiper w/ no money down....It was probably bot by a fliiper w/ no money down. BWA BWA BWAHAHAHAHAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7514357.post-69857489667933374712009-04-07T12:16:00.000-07:002009-04-07T12:16:00.000-07:00‘Go Fish’ for Capitalists<A HREF="http://economix.blogs.nytimes.com/2009/04/07/go-fish-for-capitalists/?partner=rss&emc=rss" REL="nofollow">‘Go Fish’ for Capitalists</A>Akirahttps://www.blogger.com/profile/04928231767634740127noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-7547445515673043862009-04-07T11:45:00.000-07:002009-04-07T11:45:00.000-07:00What's wrong with this picture?23 Golden Sunray Ln...What's wrong with this picture?<BR/><BR/>23 Golden Sunray Ln, Las Vegas, NV<BR/><BR/>Single family home on 1/2 acre, 12,786 sq. ft<BR/><BR/>$139,950,000<BR/><BR/>http://tinyurl.com/cmm4hs<BR/><BR/>Almost $11,000/sq ft?Pleather Mursehttps://www.blogger.com/profile/12128585033868187384noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-71544968833184496952009-04-07T08:01:00.000-07:002009-04-07T08:01:00.000-07:00http://www.redfin.com/CA/Ventura/2157-Pierpont-Blv...http://www.redfin.com/CA/Ventura/2157-Pierpont-Blvd-93001/home/4398249<BR/><BR/>Check out this gem. Gee, why is it a short sale at $450k (orig $699k a few months ago) when the purchase price was $224k? Oh, I know. It is because this particular owner did a cash out refi so that he could buy the house a few doors down.Unknownhttps://www.blogger.com/profile/08634876312202441491noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-78861082827808767812009-04-07T07:39:00.000-07:002009-04-07T07:39:00.000-07:00If you want a little land in the city check this G...<A HREF="http://www.redfin.com/CA/Thousand-Oaks/527-Citation-Way-91320/home/4581394" REL="nofollow">If you want a little land in the city check this Gem</A><BR/>June 07 $1,185,000<BR/>Oct 08 $765,000<BR/><BR/>on the market right now for<BR/>$444,900Unknownhttps://www.blogger.com/profile/01689403574825254137noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-88297972950552600932009-04-07T05:48:00.000-07:002009-04-07T05:48:00.000-07:00Yeah, but compensation for most will be resetting ...Yeah, but compensation for most will be resetting to 1989, not 1999, levels by the end of this "correction"Bill in NChttps://www.blogger.com/profile/13183010395531193508noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-37109779381853701262009-04-06T22:37:00.000-07:002009-04-06T22:37:00.000-07:00And no yard!The most annoying thing to me these da...And no yard!<BR/><BR/>The most annoying thing to me these days is a house occupying 90% of its lot. A realtor I worked with in '89 called them "low maintenance". I need SPACE!<BR/><BR/>What really killed me was Vegas. Given that it's a damn desert land was cheap enough to give you some space, but by the end of the bubble they were building three-story shoeboxes on the outer loop. Sheesh!TJandTheBearhttps://www.blogger.com/profile/10735388072841457108noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-83394342794224342862009-04-06T20:36:00.000-07:002009-04-06T20:36:00.000-07:00Very apropos tj!I hear they removed the light fixt...Very apropos tj!<BR/><BR/>I hear they removed the light fixtures and perhaps more when the bank kicked them out. Then supposedly they returned them.<BR/><BR/>930k for a nice but rather boring tract house in the river bottom.whttps://www.blogger.com/profile/10180422369180931361noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-53245007451517930972009-04-06T20:24:00.000-07:002009-04-06T20:24:00.000-07:00w,Don't you mean "depreciate"? ;-)Shows there's de...w,<BR/><BR/>Don't you mean "depreciate"? ;-)<BR/><BR/>Shows there's definite progress in the Ventura Valley!TJandTheBearhttps://www.blogger.com/profile/10735388072841457108noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-45368501086934702792009-04-06T19:37:00.000-07:002009-04-06T19:37:00.000-07:00You will appreciate this house Rob<A HREF="http://www.redfin.com/CA/Camarillo/4791-Calle-Cancun-93012/home/4719497" REL="nofollow">You will appreciate this house Rob</A>whttps://www.blogger.com/profile/10180422369180931361noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-13664337635515422332009-04-06T19:08:00.000-07:002009-04-06T19:08:00.000-07:00Not in the best part of town, but if you want to p...Not in the best part of town, but if you want to play Section 8 landlord, probably would do fine.<BR/><BR/>Jobs....<BR/><BR/>Plan 42<BR/>Edwards AFB<BR/>Drive to the SF Valley, lots of folks do. <BR/><BR/>Cool Air...Swamp coolers work great and don't cost a fortune to run. <BR/><BR/>A visit to Rob Dawg and the coast is about 60 minutes away.Stevehttps://www.blogger.com/profile/16124145402143626931noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-51856631668645765062009-04-06T18:42:00.000-07:002009-04-06T18:42:00.000-07:00$40/sf? Now we're getting somewhere!Now, about th...$40/sf? Now we're getting somewhere!<BR/><BR/>Now, about that Westside...TJandTheBearhttps://www.blogger.com/profile/10735388072841457108noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-7579406950975630432009-04-06T17:09:00.000-07:002009-04-06T17:09:00.000-07:00Plus $400/mo for AC. BDDT.Plus $400/mo for AC. BDDT.waggahttps://www.blogger.com/profile/13124634989978888426noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-28612833810284237102009-04-06T16:45:00.000-07:002009-04-06T16:45:00.000-07:00@Lou;Palmcaster is well away from sizable job cent...@Lou;<BR/><BR/>Palmcaster is well away from sizable job centers. This time around, there were more local jobs than last time, but mostly retail and construction - mostly unsustainable in a recession.<BR/><BR/>Maybe by the next cycle, they'll put in a "High Desert Subway". That would help construction employment for quite a few years. :-)<BR/><BR/>I recently read that they gave up on trying to run the commercial airport up there (again). I think that Palmcaster is the definition you find when you look up "marginal area" or "tenuous". At least the IE has some industrial value.sm_landlordhttps://www.blogger.com/profile/05240427561510825980noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-87852848537525561272009-04-06T16:37:00.000-07:002009-04-06T16:37:00.000-07:00LA's westside took a hit during the early '90s dow...LA's westside took a hit during the early '90s downturn, condos getting hit the worst. This time around, sales plummeted but prices have been seemingly resilient so far, but it's hard to tell with such tiny sales volume - medians are meaningless.<BR/><BR/>A lot of people grossly overpaid for all sorts of properties around here, but the foreclosures haven't started to really roll yet in Santa Monica. Malibu looks much worse, judging by the foreclosure.com listings.<BR/><BR/>It's fascinating to watch this play out, and it does not seem to be rhyming much with the last few downturns, except in general terms (like Palmcaster getting hammered again).sm_landlordhttps://www.blogger.com/profile/05240427561510825980noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-36222625814180691772009-04-06T16:35:00.000-07:002009-04-06T16:35:00.000-07:00That is a good starter home at a good price. Well,...That is a good starter home at a good price. Well, except for the fact that didn't you once say that Palmdale is like 60 miles away from the nearest real job centers?<BR/><BR/>Still, a couple with Home Depot/Walmart wages could swing this.Lou Minattihttps://www.blogger.com/profile/16096986232572086745noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-53093512353707802902009-04-06T16:10:00.000-07:002009-04-06T16:10:00.000-07:00OWP,Excellent. That's the usual pattern. IMO, th...OWP,<BR/>Excellent. That's the usual pattern. IMO, this isn't a usual cyclical process. I suspect everyone is going to take a hit this time.Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-67285736653766494702009-04-06T15:44:00.000-07:002009-04-06T15:44:00.000-07:00I heard someone say quite a while back something a...I heard someone say quite a while back something about how puddles (bubbles) evaporate from the outside and work towards the center. This could explain why outlining areas like this and the I.E. get the snot hammered out of them....every time. And other areas like the westside only decline toward the end of the downturn.onewaypocketshttps://www.blogger.com/profile/08507210326114830499noreply@blogger.com