If you're buying your first house, check this one out in Duarte, California just off the 210 freeway.
It's reduced to $539,900! It has 1,169 square feet on a 5,700 sq ft lot.
And it's close to gravel pits. Hey, the cars look larger than the house!
But, let's say you live in Los Angeles and you're big spender and you've got $1,000,000 to purchase a house.
Look at this. First, we drive off a busy street: Pico Blvd near La Brea Blvd.
Then, we drive two blocks on a narrow street that's barely wide enough for two cars. And there it is - a grey one, hidden by the trees.
Asking price $1, 029,500!
It's 1,870 sq ft, 3 bedrooms, 2 baths - and a driveway separates it from the neighbors.
Now, it does have a remodeled kitchen that was seen on the WE channel. What's the WE channel?
One more view. Hey, whaddya expect for a million bucks?! By the way, the flyer in the front yard says it's been "reduced."
2 comments:
Home prices are out of sync with what the average person can afford without devoting 50% or more of their income to the house. With stricter lending rules in place for new borrowers, I would anticipate more of a loss in home prices this year and next year.
Susan
Got2BeGreen.com
Susan, good comment. I was over in this neighborhood where the $1,000,000 house is and a man who lives near there said that price isn't out of whack with the demand. Of course, not all real estate markets are the same - they become local with local pricing to match.
He has invested in LA real estate for 10 years. Another man yesterday who owns properties is open to being interviewed on issues like rent control, where he sees the market, etc.
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