I will let you gather your emotions after seeing the amazing beauty above. Are you okay? I know after seeing an example of architectural ingenuity for such a reasonable price you must have your cell phone in hand plastered to your ear dialing away to your real estate agent. Today we have a 941 square foot home with all the amenities a 2 bedroom/1 bath home can provide. Even though this home has been on the market for 152 days they fail to reduce the price significantly:
Price Reduced: 09/19/06 -- $449,000 to $445,000
Price Reduced: 09/25/06 -- $445,000 to $440,000
Price Reduced: 10/12/06 -- $440,000 to $435,000
Price Reduced: 11/07/06 -- $435,000 to $430,000
As you can see, they are doing the monthly housing cha-cha hoping that spring and summer will bring them their desired Wonderland price as if in a drug induced trance. This post was inspired last night because after watching a singer from Inglewood on American Idol (yes, I confess I watched the first episode) I thought what better way to honor today than produce a home from that neck of the woods. But of course this seller is asking a reasonable price right? Let us look up the previous tax sales records:
Sale History
03/24/2000: $111,000
04/14/1999: $128,411
09/19/1997: $118,500
Wow, are you telling me that properties in California can actually go down for multiple years? Besides that jaw-dropping point, this seller is delusional as only those in the California-Equity-Giant™ machine can be and is trying to make a $300,000+ killing in only 6 years. But again the real estate syndicate is pushing suicide loans to sub-prime borrowers so I wouldn’t doubt this thing actually selling. Probably won’t matter since you may not make it to see the end of your 30 year mortgage in this area. So that’s the bright side!
We salute you Inglewood for being a Real Home of Genius.
Friday, May 4, 2007
Real Homes of Genius: Today we Salute you Inglewood.
Inspired by Dr Housing Bubble at 11:56 PM
Labels: real homes of genius
Subscribe to:
Posts (Atom)
