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Check out the $$$ Property History on this home
1236 North FAIRFAX Ave
West Hollywood, CA 90046 http://www.redfin.com/CA/West-Hollyw...6/home/7106315 |
Aug 17, 2005 Sold (Public Records) $1,350,000
Aug 31, 2011 Sold (MLS) (Closed) $441,500 Somebody mad... |
No wonder why the guy walked away... there's many properties out there like that
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Looks a shithole from outside, whoever bought it in 05 was nuts.
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thats happening all over. so glad i walked away from a condo in Santa Monica I was going to buy in 2007. Asking price then was $680,000 and saw a few now selling for high $400's
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real estate down all around the europe too but still pretty far from what happens in US.
Have talked with my friends by the lunch time today about possible buying some flat in Las Vegas for 30K ? - jesus its hard to believe - even if you use that just for few weeks in a year to play a poker bit or something. |
Perfect house for "Jewish lightning" to hit.
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1971 - $28,500
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That's really not uncommon at all. It's pretty harrowing, really.
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That is the way it is everywhere. Ive been looking to buy. I see houses start on the market around $500k and creep all the way down to $300k and either they sell or pull them off. Right now I am looking at one that started at $375k and the asking price is now only $199k. Almost the best time to buy.
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Good time for buyers.
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Most of the houses were gutted, wiring ripped out of walls, or were gorgeous remodels in REALLY shitty neighborhoods. |
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Priced at $441,599 I'll pass on this one. |
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Amazing it's still worth so much for a dump like that, go to Phoenix and you'll be living like a king for that money
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Great location and thats about it. Feel bad for the guy who bought it in 05.
ps) LOVE redfins app. |
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......Detroit? |
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It is not worth 1,3 million. They paid too much.
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check out prices in Vegas for almost new houses. we are 47th worst state, but have really nice homes sitting vacant.
http://www.redfin.com/homes-for-sale...e=6&sf=1,2&v=6 example: http://www.redfin.com/NV/Las-Vegas/3.../home/29104524 |
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Christ that's just terrible!
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Bullets must fly ... |
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Small single level terrace cottage 3km from the Melbourne CBD. 1 Bedroom plus study or small second bedroom. Laneway access to roller door revealing a car sized rear yard. No on street parking without a permit. $822,000. It's not going to go down in price any time soon either. |
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Sold twice in 1 month for $950, and $1,350k. More to the story I think
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What I don't understand is how people have $500k or $1m to spend on these homes that are dumps, yet don't invest in cleaning them up.
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must be a desirable area of LA for a dump like that to have ever sold for 1M. probably bought by speculator/developer who was going to tear it down - hope so anyway, just can't imagine anybody who can afford a million for a house deciding that was the house for them.
it's still a dump at 440K - in most cities that house is 80-150K at most. |
who would pay 400k for that dump let alone the 1,3 mil.
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http://www.redfin.com/NV/Las-Vegas/7.../home/29146009 I'm glad I bought my place there before the real estate shit happened, I'm still doing ok with it. |
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Dam what is that 1/3 of what it was worth at the peak? |
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Everyone saying it's a dump.... The property does look like a shit hole but most of it's value is very likely from it being commercial property and the land is worth a lot more than the actual building, which looks like a good candidate for a tear down. |
I think we've hit the bottom, no? Or at least it seems that way looking at prices here in Tampa Bay. It's come up a little bit from what I've seen so IMO seems like a good time to buy but still an awful time to sell.
The foreclosures are pretty wild. There are some homes in some really nice neighborhoods at some amazing prices around here but they've been ripped up and neglected so bad I wouldn't know where to start. |
far from bottom
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I got my house at the absolute bottom of the bubble in 2001. Even at the current house prices I have made my money back multiple times over. |
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Places in Vegas look like some great buys at the moment.
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geez what a dump!! lol
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thats a 300-400k house up here
if it happens to be in an area with 1.5 2 million dollar homes around it then maybe 600 or so...its not very big, and looks like crap to boot |
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There's one not to far from me that's really a shame. A really nice house in a gated community, or at least it used to be a really nice house. I know people that used to live across the street from it. This house was the jewel of the neighborhood, huge portico entrance, multiple bars, and one of the only homes I've ever seen with a sand bottom pool. Just felt very lux. It's been vacant since 09, since foreclosure it's shuffled hands a few times and is now owned by bank of america. The pool has wood over it, so i can only imagine what lies beneath. Its almost heartbreaking to see how much its gone to shit. Quote:
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If you're buying a house now, you're giving away money. We are far from the bottom.
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