tag:blogger.com,1999:blog-7179311615101890268.post8844944651143815291..comments2023-11-05T01:14:14.295-07:00Comments on The Real Estalker: Nicole Richie RejectedYour Mamahttp://www.blogger.com/profile/14600002907755148264noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-7179311615101890268.post-29550904155730040672007-11-12T14:18:00.000-08:002007-11-12T14:18:00.000-08:00"The rules of real estate are different in Los Ang..."The rules of real estate are different in Los Angeles."<BR/><BR/>Overpriced is overpriced in all markets! But I hope you are correct in your assessment. Thank you for your good natured spirit.luke220https://www.blogger.com/profile/07809763931071806294noreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-90600117799052670572007-11-12T06:58:00.000-08:002007-11-12T06:58:00.000-08:00Lets see what it sells for. Last time I remember s...Lets see what it sells for. Last time I remember someone getting so adamant that a house was overpriced was the Segal House which Courtney Cox bought for somewhere between 11 & 13 million then listed for 33 million 5-7 years later. All the armchair "experts" said it was only worth 15-17m max. The sale recorded 7/31/07 for 27.25m....<BR/><BR/>The rules of real estate are different in Los Angeles.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-14744271587590210052007-11-12T06:41:00.000-08:002007-11-12T06:41:00.000-08:00Wow- the house sold last year for $4.25 million an...Wow- the house sold last year for $4.25 million and now they are asking $7.25 million. That's one heck of a flip. I didn't know that the housing dynamic was so strong there (it isn't).<BR/><BR/>I only stated that it seemed overpriced. Now I am more certain of it!luke220https://www.blogger.com/profile/07809763931071806294noreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-25474859034124628632007-11-12T06:12:00.000-08:002007-11-12T06:12:00.000-08:00No, one would have have more information (when rem...No, one would have have more information (when remodeled, finishes, etc.) to make that determination. It is possible the house next door had not been updated since built in 1990 while this house (which sold a year ago for 4.25m) may have just undergone a complete renovation.<BR/><BR/>The point I was making was that looking by zip code is too broad in Los Angeles. Many neighborhoods have multimillion dollar homes in the same zip code as starter homes for under a million dollars.<BR/><BR/>There are very few free standing homes in 90067. Most (if not all) are the estates in Century Woods Estates. Most of the residential in Century City is condos & apartments in highrise towers. Century Woods is the exception. It is lowrise townhomes and the estates (of which one site says there are only 30).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-71872028170766294752007-11-11T21:44:00.000-08:002007-11-11T21:44:00.000-08:00There is a big difference between $6 million and $...There is a big difference between $6 million and $7.25 million. Isn't that evidence that this home is overpriced?luke220https://www.blogger.com/profile/07809763931071806294noreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-68508281870866908802007-11-11T20:59:00.000-08:002007-11-11T20:59:00.000-08:00It's also in the most exclusive (and expensive) ga...It's also in the most exclusive (and expensive) gated community in that zip code. The house next door sold in May 2007 for 6m even.<BR/><BR/>I also believe Century Woods Estates is considered a co-op, not condo.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-5723848204409200402007-11-11T18:56:00.000-08:002007-11-11T18:56:00.000-08:00I'm not quite sure how residents have the power to...I'm not quite sure how residents have the power to over-rule a condo offer, I thought that was only the domain of coop boards. That said, I believe that in spite of how attractive the property is, it is overpriced for the area. It is the most expensive property on the market in that zip code. I think that the neighbors did her a favor.luke220https://www.blogger.com/profile/07809763931071806294noreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-52366290315550881002007-11-11T16:10:00.000-08:002007-11-11T16:10:00.000-08:00Hoof it back to your barn beotch.Hoof it back to your barn beotch.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-62918075273559407472007-11-11T13:38:00.000-08:002007-11-11T13:38:00.000-08:00We don't care honey!We don't care honey!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-39461352519328332622007-11-11T13:18:00.000-08:002007-11-11T13:18:00.000-08:00Joey, Or perhaps the "fraud" being commited is the...Joey, <BR/><BR/>Or perhaps the "fraud" being commited is the loan brokers who are financing people that they shouldn't. That has been happening for a long, long time. <BR/><BR/>When I bought my first home, my real estate broker was concerned I wouldn't qualify (I was young and didn't make a lot but had a decent down). He had a loan broker "friend" who he assured me could get me approved. Being naive to the process, I paid the guy a couple hundred dollars to be "approved". Turned out the house I bought was an REO and one of the conditions of the selling bank was that I at least give them the opportunity to finance me. They approved me and the shady broker ended up using some really foul language on the phone because I didn't take his loan. That was in January 1995!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-77615057602726062662007-11-11T13:09:00.000-08:002007-11-11T13:09:00.000-08:00Joey, How is it fraud? If Cage sold his house for ...Joey, <BR/><BR/>How is it fraud? <BR/><BR/>If Cage sold his house for 1.5m seven (not five) years ago, whomever owns it has every right to list it for whatever they want. Brokers don't have to take the listing if they don't think the seller is being realistic about the price. Buyers don't have to buy it if they think it is overpriced. <BR/><BR/>Perhaps you are using the wrong term. You may think the prices are "outrageous" or "unrealistic", but no one is commiting "fraud" by asking for more than (you think) the house is worth.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-34944249128347762462007-11-11T08:06:00.000-08:002007-11-11T08:06:00.000-08:00I don't like the hacienda style as a rule, but it'...I don't like the hacienda style as a rule, but it's appropriate to southern cal. However, that sun dappled courtyard is very inviting..https://www.blogger.com/profile/00180208295970291958noreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-20614950178677947372007-11-10T07:35:00.000-08:002007-11-10T07:35:00.000-08:00Joey,You also have to consider that the US dollar ...Joey,<BR/><BR/>You also have to consider that the US dollar is off about 50% (hence stock market drop) so we are the bargain basement for foreign buyers. For the wealthiest buyers, there is a limited supply and that drives up prices at the high end.luke220https://www.blogger.com/profile/07809763931071806294noreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-53445348588760617982007-11-10T06:58:00.000-08:002007-11-10T06:58:00.000-08:00anon 6:36The prices are where they are at because ...anon 6:36<BR/><BR/>The prices are where they are at because of fraud, nothing more, nothing less.<BR/><BR/>They have jumped up 500-1500% in 5 years ? <BR/>That same place nick cage sold was on the market for 5MM recently, the mansion he bought for 8MM he is now trying to get 35MM for it.<BR/><BR/>Fred Sands told agents at a conference they should start firing their clients if they do not bring their asking prices down.<BR/><BR/>The stock market went down 600 points this week, banks are writing off 11 billion dollar loans, what else do you need to see this market in RE and stocks is way off in value, are you telling me that we had a 1500% inflation increase in the last 5 years. Cars prices have gone up 5%, Job Salaries have gone up 5-10% products are up 5%, only housing has gone up past 500% <BR/><BR/>Why do you think that is ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-22129384444645844642007-11-10T06:36:00.000-08:002007-11-10T06:36:00.000-08:00joey, should those of us who make more money (sala...joey, should those of us who make more money (salary) now than in 2000 also take salary cuts to 2000 levels? Should automobile prices be reduced to 2000 prices? Anything else?<BR/><BR/>I understand the concept of a real estate price adjustment, just have no clue why anyone thinks that prices have to be reduced that far..Unless of course the person talking is someone who is bitter that they couldn't afford to get in the market then, could have only gotten in recently with an interest only loan, and now can't get in at all.......Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-49184077713542318442007-11-10T06:32:00.000-08:002007-11-10T06:32:00.000-08:00That's John O'Hurley's house rlt and I think it is...That's John O'Hurley's house rlt and I think it is time for a price reduction.luke220https://www.blogger.com/profile/07809763931071806294noreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-29675724781902908102007-11-10T05:24:00.000-08:002007-11-10T05:24:00.000-08:00The Walden Dr place is the 1st property off of San...The Walden Dr place is the 1st property off of Santa Monica Blv - if you want a quiet life then you would not get it here ... also, high profile celebs tend not to live in the B.H flats due to the paparazzi as the properties / streets tend not to offer the privacy & seclusion that the hills & canyons above sunset can.<BR/><BR/>They have a pretty healthy budget so I'm sure with $7M they'll find somewhere pretty decent - the market is saturated in L.A at the moment & many places just aren't shifting.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-64468029438415654232007-11-10T03:15:00.000-08:002007-11-10T03:15:00.000-08:00lets get back to reality 5300 sqft mansion hollywo...lets get back to reality 5300 sqft mansion hollywood hills 1.5 MM not 10MM or 15MM....... 1.5 MM<BR/><BR/>Wednesday, September 20, 2000<BR/><BR/>Inman News<BR/><BR/>Actor Nicolas Cage, who stars in the upcoming movie "Captain Corelli's Mandolin," has sold his Hollywood Hills home, the Los Angeles Times report. The asking price was just under $ 1.5 million.<BR/><BR/>Cage, 36, started shooting the movie "Windtalkers" this month. He also stars in "Family Man," due out in December. "Captain Corelli's Mandolin" finished filming in August.<BR/><BR/>The Oscar-winning actor ("Leaving Las Vegas," 1995) put his Hollywood Hills home on the market in June, 1999, after he moved into a Bel-Air house that he bought in 1998 for about $ 7 million. Cage had owned the Hollywood Hills home since about 1990.<BR/><BR/>Built in 1928, the three-story walled and gated house, on a knoll overlooking the city, has five bedrooms, a circular library, a wine cellar and a humidor in slightly more than 5,300 square feet. There is a hydraulic lift in the garage to park an extra car.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-2243473074146544312007-11-09T22:04:00.000-08:002007-11-09T22:04:00.000-08:00I got a listing for a brand new construction in th...I got a listing for a brand new construction in the BH flats on Walden just north of SM Blvd. from that link? Not a bad house but not baby friendly, and definitely not private enough to keep the paps from snapping pictures day and night.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-62864376040715201312007-11-09T20:32:00.000-08:002007-11-09T20:32:00.000-08:00I really like the look of that place, I don't blam...I really like the look of that place, I don't blame her for being pissed. But, instead of Avril's ugly house - for exactly the same price - don't you think Nicole and Joel would be happier in this home:<BR/><BR/>http://homes.realtor.com/search/listingdetail.aspx?zp=90210&ml=3&mnp=53&mxp=52&typ=3&sid=f3a3616ac52342e0b765ca4cf972a076&lid=1088793747&lsn=2&srcnt=19#Detail<BR/><BR/>The listing said it's celebrity owned, and I know I've seen it here on your site - I just can't for the life of me remember who it belongs to.<BR/><BR/>I don't like that old fashioned tub, and I don't think Nicole would either, but that's a simple enough thing to fix. I just get the feeling that this house is both cozy and elegant. It just looks like a really nice home. What do you think?Anonymousnoreply@blogger.com