I know, this blog seems like just a clipping service for the L.A. Times. But today the Sunday business section has two great real estate articles.
The first is from Peter Hong and is titled Don't bank on the home as an ATM. It's full of all sorts of interesting statistics and facts about the housing market over the last several years. Personal story: I know somebody that bought a duplex with partners in 1994 for $200+k. She bought her partners out a couple years later. Two years ago she sold it for $1.1 million. But she had no profit as she had pulled every cent out of it by refinancing and spent it on god-knows-what. Don't be like her.
The second story is A primer for the first-time home buyer. Although it doesn't really pertain much to our home prices here, the advice is excellent.
Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Highland Park, Silverlake, Sherman Oaks and other L.A. areas too. General news and musings as well.
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