Wednesday, April 30, 2008
Sunday, April 27, 2008
Coming soon in Magnolia Park: a rare (for MP) four bedroom, 2-1/2 bath remodeled Tudor, redone kitchen and baths, separate dining room, office in garage, fabulous floor plan, vintage charm plus contemporary updates, gorgeous landscaping and more. It will be offered at $749,000 and should be available to show by May 5. Pictures will be coming soon.
Our favorite Republican business columnist, Ben Stein, has another great article in today's New York Times (the title should link, but if it doesn't, here's another link here.) For those of us who have wondered exactly how this credit crisis could happen, Ben spells it out by quoting investor David Einhorn extensively. One of Ben's quotes about Wall Street: "It looks to me as if the inmates are running the asylum. One truth, that deregulation is sometimes a good thing, has been followed down so long and winding a road that it has led to an immense lie: that deregulation carried to an extreme will not lead to calamity." You tell them, Ben.
Saturday, April 26, 2008
Friday, April 25, 2008
Thursday, April 24, 2008
Wednesday, April 23, 2008
Tuesday, April 22, 2008
Monday, April 21, 2008
So what's the problem? Investment property requires a down payment of more than 20%. My buyer had 20%, but not more. And the interest rate was higher. Bye bye escrow. While my buyer is pretty philosophical, the people who are really hurt here are the sellers. They are not in good health and were counting on the sale proceeds for help.
How much better can it get?! 31 cent scoop night is back at the Burbank, Toluca Lake and Studio City stores (and all stores nationwide) Baskin-Robbins stores on April 30 from 5:00 to 10:00 pm. Is this promotion a sign of a recession? Isn't ice cream a steady seller during both good and bad economic times? Who knows! Who cares! At this price, get two scoops and worry later about the calories.
Saturday, April 19, 2008
The link to the book’s website is above, and Quasi’s blog is http://theworldisyourlitterbox.blogspot.com. Cat blogs are more fun than real estate blogs, if you can believe it. The latest post is the cats’ story of Passover, which is referred to by cats as Purrover.
Friday, April 18, 2008
Finally! After six months and seven offers, 1047 E. Elmwood in Burbank finally closed. It had been listed at $849,000 and the sale price is $800,000. It's a two bedroom, one bath with a redone kitchen and guest house. What made it so desireable? The flat, buildable 15,000+ square foot lot.
Sunday, April 13, 2008
Saturday, April 12, 2008
Friday, April 11, 2008
Thursday, April 10, 2008
While point of sale mandates are always well intentioned, they are ineffective because they only apply to a small portion of the housing stock that changes hands every year. Not to mention the hurt put on sellers who may be stretched very thin as it is. Not to sound like a conservative, but why can’t we accomplish the same through property-tax credits?