Comments on: 4 Houses from the Freeway for $858,000 http://www.arcadiahousingblog.com/2008/05/14/4-houses-from-the-freeway-for-858000/ Tracking the Arcadia and San Gabriel Valley Housing Market Thu, 20 Nov 2008 17:10:09 +0000 http://wordpress.org/?v=2.5.1 By: mm http://www.arcadiahousingblog.com/2008/05/14/4-houses-from-the-freeway-for-858000/#comment-2401 mm Thu, 15 May 2008 09:41:51 +0000 http://www.arcadiahousingblog.com/2008/05/14/4-houses-from-the-freeway-for-858000/#comment-2401 Ps. my lease was signed back in 2006 so it's too much as it worths already. Ps. my lease was signed back in 2006 so it’s too much as it worths already.

]]> By: mm http://www.arcadiahousingblog.com/2008/05/14/4-houses-from-the-freeway-for-858000/#comment-2400 mm Thu, 15 May 2008 09:17:15 +0000 http://www.arcadiahousingblog.com/2008/05/14/4-houses-from-the-freeway-for-858000/#comment-2400 People are either can not face the reality or just plain greedy. I just checked remax.com and found out there are many rental listings that are/were listed as for sale. These owners are asking as ridiculous rent as the asking price. One example is http://premierproperties1.california.remax.com/listings/ListingDetail_r4.aspx?LID=41759623&#aTop I'm actually living in the same complex. My current rent is $1,895 which includes HOA and all water bills. This condo was up for sale more than 6 months ago and the asking price was 558k something. After it was up for sale for almost half year, one day I passed by the property and saw a "SOLD" sign. Few days later, the sign has removed and up for sale again. One month later, the "for sale" sign has been removed but the property still vacant for a while until now it's up for "rent". And don't be fool by the 3/3 description on the listing. It's only 2 bedrooms plus an area like a bedroom without closet and it's just 1.5 size big as a full bathroom. And don't be fooled by the realtor's "3" baths here. It's only 1 full bath in master, one 3/4 bath plus 1/2 bath/power room. For a 2/2.5 plus a den condo with one common wall, the rental price $2,300 is ridiculous to me. What do you think? People are either can not face the reality or just plain greedy. I just checked remax.com and found out there are many rental listings that are/were listed as for sale. These owners are asking as ridiculous rent as the asking price. One example is

http://premierproperties1.california.remax.com/listings/ListingDetail_r4.aspx?LID=41759623&#aTop

I’m actually living in the same complex. My current rent is $1,895 which includes HOA and all water bills. This condo was up for sale more than 6 months ago and the asking price was 558k something. After it was up for sale for almost half year, one day I passed by the property and saw a “SOLD” sign. Few days later, the sign has removed and up for sale again. One month later, the “for sale” sign has been removed but the property still vacant for a while until now it’s up for “rent”.

And don’t be fool by the 3/3 description on the listing. It’s only 2 bedrooms plus an area like a bedroom without closet and it’s just 1.5 size big as a full bathroom. And don’t be fooled by the realtor’s “3″ baths here. It’s only 1 full bath in master, one 3/4 bath plus 1/2 bath/power room. For a 2/2.5 plus a den condo with one common wall, the rental price $2,300 is ridiculous to me. What do you think?

]]> By: SavedbyGrace http://www.arcadiahousingblog.com/2008/05/14/4-houses-from-the-freeway-for-858000/#comment-2395 SavedbyGrace Wed, 14 May 2008 14:58:20 +0000 http://www.arcadiahousingblog.com/2008/05/14/4-houses-from-the-freeway-for-858000/#comment-2395 Excellent. Thanks for linking to those videos :) Excellent. Thanks for linking to those videos :)

]]> By: george8 http://www.arcadiahousingblog.com/2008/05/14/4-houses-from-the-freeway-for-858000/#comment-2394 george8 Wed, 14 May 2008 14:44:08 +0000 http://www.arcadiahousingblog.com/2008/05/14/4-houses-from-the-freeway-for-858000/#comment-2394 If The April Foreclosure Report did not convince you that the RE bubble bursting is just in its 1st/2nd inning because the main street and stock market seem to be saying the sub-prime problem is nearly over. Then, you need to watch this Alt-A report: Mr Mortgage - HERE COMES THE ALT-A CRISIS http://www.youtube.com/watch?v=pmeBSWI9sF8&feature=related If The April Foreclosure Report did not convince you that the RE bubble bursting is just in its 1st/2nd inning because the main street and stock market seem to be saying the sub-prime problem is nearly over. Then, you need to watch this Alt-A report:

Mr Mortgage - HERE COMES THE ALT-A CRISIS

http://www.youtube.com/watch?v=pmeBSWI9sF8&feature=related

]]> By: george8 http://www.arcadiahousingblog.com/2008/05/14/4-houses-from-the-freeway-for-858000/#comment-2393 george8 Wed, 14 May 2008 13:12:58 +0000 http://www.arcadiahousingblog.com/2008/05/14/4-houses-from-the-freeway-for-858000/#comment-2393 SavedbyGrace: This is another well analyzed profile. For bloggers who have any doubt of this property going back down to $500ks, you need to watch this report: Mr Mortgage April Foreclosure Report http://www.youtube.com/watch?v=LCW4A0ACDKM&eurl=http://www.irvinehousingblog.com/blog/comments/the-price-of-being-wrong1/ SavedbyGrace:

This is another well analyzed profile. For bloggers who have any doubt of this property going back down to $500ks, you need to watch this report:

Mr Mortgage April Foreclosure Report

http://www.youtube.com/watch?v=LCW4A0ACDKM&eurl=http://www.irvinehousingblog.com/blog/comments/the-price-of-being-wrong1/

]]>