Comments on: Freeway loaded. Kool-aid loaded.

By: 626chump

626chump — Fri, 11 Jul 2008 01:16:55 +0000

i think 0.75 bath means a toilet, sink and shower. a full bath would include a tub. a 0.5 bath is just a toilet and sink.

By: Dusty

Dusty — Thu, 10 Jul 2008 06:36:56 +0000

I always thought I was being picky not wanting to live near a busy street. I sold my last place at the height of the last bubble and when they enlarged a 2 lane road into 6 lanes about 20 years from my front yard. Still people wanted it for the school district.

I just don’t get spending stupid money on undesirable locations. CA is nice but not THAT nice that I would drop 800-1000k on a house!

Doesn’t quality of life count?

By: Sean

Sean — Thu, 10 Jul 2008 05:04:38 +0000

“Some of you might think that I purposely seek out undesirable overpriced properties in Arcadia for the sake of bashing them.”

You don’t have to seek them out in this market, almost EVERY home qualifies. The economy is slowly sinking into a recession and that will last for many years. We will be very lucky if we can avoid a depression. If gas prices continue to rise, inflation eats away savings, incomes are down, unemployment is up, most new jobs are low paying service jobs, the country is at War, and the outlook is grim. There is not a quick answer in the near future (20 years), no new economy, no new cheap energy, nothing!

People should THINK long and hard right now before they commit to buying that home. If the reality of $6-10 dollar gas happens and you really need to move you could be stuck.

Before everyone says I am just being pessimistic, I am not. I am just looking at the facts. Life will go on, but change is coming. I am ready to deal with the changes and the first change is to keep dept LOW. And the biggest two debts are Home and Auto. The rebound realtors dream of is a long way off, every news story is about how banks can’t get money to loan and when they do they are VERY careful on how they pass it out.

So I think SavedbyGrace is truly teaching us the value of a dollar. And for most the biggest investment of your life needs to be dealt with very objectively. A home is not a dream or an investment. It’s a box you live in that will cost a lot of money to buy, maintain, and pay tax on.

By: george8

george8 — Wed, 09 Jul 2008 17:10:56 +0000

What is 0.75 bath? I could not tell from the photo.
4 matured beds sharing 1.75 bath close to highway asks $980k?
I wonder if the owner has taken out more equity? If yes, he is or will be in big trouble.

2004 purchase should be under the water now. Wake up.