tag:blogger.com,1999:blog-7179311615101890268.post6153407712370102140..comments2023-11-05T01:14:14.295-07:00Comments on The Real Estalker: Your Mama Hears...Your Mamahttp://www.blogger.com/profile/14600002907755148264noreply@blogger.comBlogger54125tag:blogger.com,1999:blog-7179311615101890268.post-42331489679708576652008-11-05T02:56:00.000-08:002008-11-05T02:56:00.000-08:00As of today the status is still active on the sell...As of today the status is still active on the seller website.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-55539360698224880702008-09-07T22:27:00.000-07:002008-09-07T22:27:00.000-07:00Hey...shit for brains at 8:48.Tell me when Fannie ...Hey...shit for brains at 8:48.<BR/><BR/>Tell me when Fannie and Freddie failed in a so called "Real Estate Cycle"?<BR/><BR/>You must be a realtard.<BR/><BR/>Sure some of you make the big bucks.<BR/><BR/>Doesn't make you smart however.<BR/><BR/>Actually, most of you are pretty shallow and clueless.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-30396107867268736752008-09-07T04:00:00.000-07:002008-09-07T04:00:00.000-07:00Where did $40m go to build the 2260fortress? Sure ...Where did $40m go to build the 2260fortress? Sure there is alot of concrete, but back in the early 90's things were cheap - building materials etc<BR/><BR/>Is there underground passages that led to sex bondage rooms that knowone reveals?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-67579902106541730632008-09-06T20:48:00.001-07:002008-09-06T20:48:00.001-07:00Zillow, Trulia, Etc Etc... all admit that their va...Zillow, Trulia, Etc Etc... all admit that their values are often way off, especially in areas like LA, where it is custom to have a street of homes that vary greatly in size, view, finishes, etc.<BR/><BR/>The values on those sites are only applicable in smaller cities really, in sub-divisions where houses traditionally sell for similar dollar / sq ft values. Areas like LA were tons of factors from high end finishes and views come into play are IMPOSSIBLE FOR TRULIA / ZILLOW TO PRICE UNLESS THEY SAT DOWN AND DID A FULL CMA / APPRAISAL ON EACH HOUSE!<BR/><BR/>Some of you people are so f'kn stupid it's mind numbing! The sky is falling! The Sky is Falling!<BR/><BR/>Truth be told, no one knows when this slump will end, but it will. Everyone with a brain who invests in real estate picks up properties in the bad markets. Donald Trump did it in the 90's and he'll do it again. The market is a cycle, is been low... and yes this may be a bigger low than we've seen but it will end and values will go way up again... and you know what... they'll crash again! That's the market! Most of you live in trailers and 1 br apartments and sit here like you are financial saints talking everything up and down, truly showing how fucking stupid you are.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-3279054846058800232008-09-06T20:48:00.000-07:002008-09-06T20:48:00.000-07:00Zillow, Trulia, Etc Etc... all admit that their va...Zillow, Trulia, Etc Etc... all admit that their values are often way off, especially in areas like LA, where it is custom to have a street of homes that vary greatly in size, view, finishes, etc.<BR/><BR/>The values on those sites are only applicable in smaller cities really, in sub-divisions where houses traditionally sell for similar dollar / sq ft values. Areas like LA were tons of factors from high end finishes and views come into play are IMPOSSIBLE FOR TRULIA / ZILLOW TO PRICE UNLESS THEY SAT DOWN AND DID A FULL CMA / APPRAISAL ON EACH HOUSE!<BR/><BR/>Some of you people are so f'kn stupid it's mind numbing! The sky is falling! The Sky is Falling!<BR/><BR/>Truth be told, no one knows when this slump will end, but it will. Everyone with a brain who invests in real estate picks up properties in the bad markets. Donald Trump did it in the 90's and he'll do it again. The market is a cycle, is been low... and yes this may be a bigger low than we've seen but it will end and values will go way up again... and you know what... they'll crash again! That's the market! Most of you live in trailers and 1 br apartments and sit here like you are financial saints talking everything up and down, truly showing how fucking stupid you are.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-67601373294712435862008-09-06T12:41:00.000-07:002008-09-06T12:41:00.000-07:00"If we were, we're not going to be talking about i..."If we were, we're not going to be talking about it on a real estate porn site. It isn't relevant. Try one of the "sky is falling" blogs."<BR/><BR/>Of course its relevant.The last i heard they only take cash in exchange for real estate.How do you think people with 45million of play money get that kind of silly cash?They are invested in financial assets like re,oil,commodities,equities-all of which have been getting crushed.<BR/>All the russian buyers of real estate get their money from oil.Oil has tanked 30% in just 2months. <BR/>What happens in financial markets is what happens to re.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-16196272097271210722008-09-06T10:09:00.000-07:002008-09-06T10:09:00.000-07:00Oh Av. Joe, you never cease to amaze me.First of a...Oh Av. Joe, you never cease to amaze me.<BR/><BR/>First of all, Justin Timberlake's house isn't for sale so it's of no matter what Zillow says the property is worth. <BR/><BR/>Secondly, I would be shocked (and appalled) if ANY reputable bank or lending institution is using Zillow to determine the market value of a property either for a home loan, refinance or, really, for anything other than shits and giggles.<BR/><BR/>Thirdly, I'm sorry, but you clearly don't understand how Zillow's algorithm works in terms of how the site places a "value" on a property and I simply don't have the patience right now to explain it to you. I suspect you won't bother to learn how Zillow works in it's valuations either. Has it ever occurred to you that Zillow's valuation might not be accurate for every property? <BR/><BR/>No, I didn't think so. Therefore on you go with your silly, fervent and often annoying quoting of Zillow.<BR/><BR/>I'm starting to think that maybe you work for Zillow. If not, maybe you should.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-91136719617101749142008-09-06T09:49:00.000-07:002008-09-06T09:49:00.000-07:00Well it ain't going to fall forever the population...Well it ain't going to fall forever the population is growing by at least 3 million every year and people will always need homes. This too shall pass.so_chic_darlinghttps://www.blogger.com/profile/00295857652423777633noreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-72181197441636483702008-09-06T08:02:00.000-07:002008-09-06T08:02:00.000-07:00justin timberlake lives in studio city hills and h...justin timberlake lives in studio city hills and his 8MM mansion is now worth 2.2MM according to zillow<BR/><BR/>a 4MM 5000sqft home on sunset plaza is worth 1MM and they have it up for sale at 2.25MM and still no takers<BR/><BR/>this is not the desert I am talking about, this is the high end market of LA<BR/><BR/>I did not say NY, I said LA<BR/><BR/>and I did not say the desert, actually out there you can get a mcmansion for 300k now if that is where you want to live<BR/><BR/>and yes the sky is falling but the progression rate of it falling is very very sloooooowAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-84175165511560204102008-09-05T23:04:00.000-07:002008-09-05T23:04:00.000-07:00"I guess you havent been following commodity price..."I guess you havent been following commodity prices or the financial markets recently."<BR/><BR/>If we were, we're not going to be talking about it on a real estate porn site. It isn't relevant. Try one of the "sky is falling" blogs.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-54362376285254037302008-09-05T22:52:00.000-07:002008-09-05T22:52:00.000-07:00You were lied to if you think that the hi end mark...You were lied to if you think that the hi end market will not tank.<BR/>Nicolas cage and donald trump and numerous others are significantly dropping prices on their mega costly hi end property.The amount of rich people losing their butts in the last 6 months is much greater than the ones who have seen their assets grow.I guess you havent been following commodity prices or the financial markets recently.<BR/>Even mega rich people slow or stop excessive purchases when they are not making money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-24009698572142261082008-09-05T22:04:00.000-07:002008-09-05T22:04:00.000-07:00Oh yeah and the people that bought somewhere out i...Oh yeah and the people that bought somewhere out in the desert because it was cheap and and real estate would only ever go up, blah blah blah. Well they were lied to. A cheap house in the wrong zip code will always be just that.so_chic_darlinghttps://www.blogger.com/profile/00295857652423777633noreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-61658231377966725002008-09-05T21:57:00.000-07:002008-09-05T21:57:00.000-07:00It's not "hi end" It's high end.The "high" end is ...It's not "hi end" It's high end.<BR/>The "high" end is expanding because the number of rich people is expanding and the planet and it's supply of prime land in prime zip codes is not, in fact a geologist would argue that unless you live in Iceland or on the Big Island of Hawaii land is shrinking due to erosion! Add to the mix many thousands of new rich every year and you have a classic economics 101 of supply and demand. Best zip codes best houses always valuable period!so_chic_darlinghttps://www.blogger.com/profile/00295857652423777633noreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-56320061804271534332008-09-05T16:38:00.000-07:002008-09-05T16:38:00.000-07:00trudythe bottom is falling outlook at zillowthey h...trudy<BR/><BR/>the bottom is falling out<BR/><BR/>look at zillow<BR/><BR/>they have reduced their estimates in some areas by 80%<BR/><BR/>they are not a joke, they are what is to come<BR/><BR/>you are the dumbassAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-29781635016872673092008-09-05T16:37:00.000-07:002008-09-05T16:37:00.000-07:00Trudy, he already looks like a mouthy wannabe know...Trudy, he already looks like a mouthy wannabe know it all dumbass. And if it walks and quacks like a duck, it probably is a duck. <BR/><BR/>Joe, 2260 is a dog. It always has been a dog. You are the only person who seems to think it cost 40m to build. I personally think that is bullsh*t. If it cost 40m to build in '94 (which was the last bottom of market), why did it sell for only 3.2m in 96? or 5.3m in '00? And it has been on the market now for what, 3-4 years and no one is willing to pay 9m? <BR/><BR/>It isn't the market. <BR/>It is the product.<BR/><BR/>2260 is a sh*tty product that won't sell until the price is below land value so a developer can afford to clear the lot and start over. <BR/><BR/>Cher's house is a good product. If it didn't already sell, it WILL sell.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-42244925905405328342008-09-05T15:43:00.000-07:002008-09-05T15:43:00.000-07:00Unfortunately for you Av Joe you have no credibili...Unfortunately for you Av Joe you have no credibility around here.<BR/><BR/>Today you're saying that NEXT year will be when the bottom completely falls out of the market. <BR/><BR/>But for the last year you've been saying that THIS year was the year.<BR/><BR/>In fact I remember not too long ago you were saying it was going to happen this summer.<BR/><BR/>And while the market has continued to decline it hasn't fallen off a cliff as you keep predicting.<BR/><BR/>I'm not saying I'm bullish on the real estate market (I too think it will continue to decline for some time), but clearly you don't know what's going to happen any more than anyone else does.<BR/><BR/>As I see it, you're just spouting shit. and if the shit sticks (as it sometimes does) you'll gloat and scream about how you were right all along. <BR/><BR/>But what if the shit doesn't stick? And sometimes it doesn't. Then you'll just look like a mouthy wannabe know it all dumbass.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-59751162336942275402008-09-05T15:33:00.000-07:002008-09-05T15:33:00.000-07:00Look I understand what you are saying but a decade...Look I understand what you are saying but a decade, not a century ago the land on Cher's property was worth 1MM and now it is worth 13MM or more ?<BR/><BR/>the economic fundamentals do not add up<BR/><BR/>and yes she spent 10MM in building it, and yet the guy that built 2260 sunset plaza spent 40MM building his fortress, what you build a mansion for has nothing to do with what you can get for it<BR/><BR/>face it, the RE market was a once in a lifetime fluke<BR/><BR/>next year is going to be one for the history booksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-91511046035661743112008-09-05T13:28:00.000-07:002008-09-05T13:28:00.000-07:00Word is that Jef Lubell, the supposed buyer of Che...Word is that Jef Lubell, the supposed buyer of Cher's house, is be driven around in a white Rolls Royce Phantom by Todd Marks of Prudential Beverly Hills. Looks like he's handling an awful lot of heavy hitters these days - just closed a big pocket sale in Bel Air, too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-37362869865821552632008-09-05T13:10:00.000-07:002008-09-05T13:10:00.000-07:00Houses aren't stock market investments. Thinking l...Houses aren't stock market investments. Thinking like that is why so many idiots are whining for the government to bail them out of their bad decisions.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-59418634599429491132008-09-05T12:49:00.000-07:002008-09-05T12:49:00.000-07:00yes 10:22...i was just using a figure of speech......yes 10:22...<BR/>i was just using a figure of speech...i guess specifying a time period would be better than price but i am assuming that this home wont be resold within the next 2 years.The recession that is firmly planted in the us is starting to hit global markets-they said the global market was immune to us recession.Guess what there are many people who got killed in financial markets in the last year and the last 2 months especially.MAny hedge funds have imploded as the mania in commodities like oil,steel,nat gas has been chopped by 30-60%.The chinese shanghai index has dropped 60% in the last year alone-yeah,bullet proof china.Titanic,anyone?<BR/>All those commodity traders/investors and oil people from russia,china have had their heads handed to them in the last 2 months. <BR/>MAny have lost a large portion of their wealth,many have been wiped out and very few have increased their net worth.<BR/>The super wealthy have a lot of their money tied up in extreme speculative assets like commodities and RE.Both have gotten killed.Psychologically they will not be in a spending mood going forward.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-85074980129540804032008-09-05T11:51:00.000-07:002008-09-05T11:51:00.000-07:00It's true that the housing bubble will eventually ...It's true that the housing bubble will eventually burst into the high end super rich market but not to the extent it has us mere mortals. The person who bought (if they even did ) Cher's abode will never get as much appeciation out of it that she did but they will not loose mega money on the deal. Cher paid around $1 mill for the land well over a decade ago and is rumored to have spent about $10 mill building it. She's been in the house almost 10 years now which is an eternity for her. She normally designs, builds and than sells within 5 years. She's gotta keep movin and groovin...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-67074302647992503222008-09-05T10:22:00.000-07:002008-09-05T10:22:00.000-07:00Zillow is for morons. Oh wait..Average Joe brought...Zillow is for morons. Oh wait..Average Joe brought up Zillow. I guess that is a moot point.<BR/><BR/>9:21 - Wouldn't the Segal House selling for 29+m be the "high water mark"? It does sit on a busy part of PCH, on much less land, and is much smaller. "High water marks" only matter until something else sells higher......Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-68684589097337385362008-09-05T09:21:00.000-07:002008-09-05T09:21:00.000-07:00All manias end the same way.Ridiculously high pric...All manias end the same way.Ridiculously high prices pushed ever higher with big spikes at the top.I can promise you that 45mil for this house will be the highwater mark of this insanity.This is exactly like the internet implosion.<BR/>How can the rest of the real estate market be in the tank while the high end is exploding up?It is the mania where people think there is a decoupling factor-like there is a seperate universe in the economy or re market.That decoupling theory only exists in bubbles/manias.Think of this the re market explosion up brought all markets up.It didnt bring up only certain sectors.The same thing happens on the way down.<BR/>MAnias are controlled by psychology and not fundamentals.But they always meet and the current re fundamentals will catch up with the hi end.The hi end here reminds me of the coyote roadrunner cartoon where the high coyote runs of the cliff and keeps going straight across until he looks down and realizes the drop below.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-79670656517493907592008-09-05T08:18:00.000-07:002008-09-05T08:18:00.000-07:00Nothing that great about Malibu overall. If LA wa...Nothing that great about Malibu overall. If LA was not a short drive away the place would not command the prices.<BR/><BR/>Does anyone know if porn director John Staganio still has his house above the PCH?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-63215985033770986542008-09-05T08:06:00.000-07:002008-09-05T08:06:00.000-07:00dow is in a free fallwhen it gets down to 9000/800...dow is in a free fall<BR/><BR/>when it gets down to 9000/8000 you will see the super rich unloading in droves so that they can cover their margin calls<BR/><BR/>housing is not supposed to fully recover until 2022 according LA Land<BR/>/LA TimesAnonymousnoreply@blogger.com