[avidsaver]

The mystery is solved…

I didn’t even notice the HOA dues. Here’s some other info from the representative at Zip Realty:

These are manufactured homes. Meaning you purchase these pre-fabricated/manufactured homes and then you still have to pay for the land lease because you don’t own the land that the house sits on. The land lease is $912.87/mo. (on top of the monthly mortgage for the home).

Furthermore, these types of homes are difficult to obtain financing.

So that’s why they’re priced as low as they are. There are 3 different units: #485, #398 and #368 all for sale.

Let me know if you have any other questions.

Oh wait… I guess that’s the same??? In any case, $912/month for “nothing?” Phew…

[avidsaver]

The house does grab me as Westchester is always on my radar, and it’s nicely remodeled. But… if and when there’s a correction, I would imagine that Westchester will be hard-hit (part of the reason that it’s on my radar) because it’s near LAX, and it’s in L.A. Unified school district. So, these sellers are probably in for a rude awakening — especially when there are other homes in the area that are currently going for so much less (and dropping) with more square footage (even though not as updated)… just the take of this total novice…

[avidsaver]

Wow… what’s with all of the personal attacks on PS? I get the difference between “at risk” and “expected,” but who cares? Now that you three have pointed it out, can we move on to some interesting and differing points?

I’m a total novice to this site, and sometimes the analysis is a bit much for me, but I appreciate the banter, and I learn a great deal.

But “misleading” is such a harsh word. Maybe it was a bad choice of words, maybe just an indication of PS’s “spin” on the situation… WHATever.

I would like to see some differing opinions that can help me grow in understanding. The personal attacks don’t do that.

[avidsaver]

Realtor: “so what are you in the market for, an ‘Executive House’ or a ‘Manager House’?” “Really, just a ‘Janitor House’? Well, if you can manage a 100 mile commute, we might find you something.”

LMAO. Thanks for that….

Speedingpullet – I do live in El Segundo now, and I do hear the planes. Nowhere near as bad as the noise was when I lived in Inglewood. I like it here because of the small town feel and good school district (and my family is nearby), but the prices are WAY out of whack.

Just renting, saving, and waiting for the correction.

[avidsaver]

Here’s another example in L.A. County. And why would they bother to increase the price by $1,000?

936 SHELDON STREET, El Segundo, CA 90245**
Price Reduced: 07/11/06 — $919,000 to $909,000
Price Reduced: 07/19/06 — $909,000 to $899,000
Price Reduced: 08/08/06 — $899,000 to $889,000
Price Reduced: 09/12/06 — $889,000 to $869,000
Price Increased: 09/19/06 — $869,000 to $870,000

Square Feet: 2,412
Lot Size: 5,360 Sq. Ft.
Year Built: 1962
Listing Date: 05/29/06
On Market: 113 days
MLS #: S926016

[avidsaver]

I am so guilty of saying “hot water heater” AND “PIN number.” I will take heed (is that right?). And I stand corrected. Healthily is a word.

Irregardless drives me crazy!! There is no “IR!”

Another that drives me crazy is the use of “good” when the correct word is “well.”

Here’s another… I used to work for Ernst & Young. WHY, oh WHY do people say Ernest & Young? There’s NO second “E!”

[avidsaver]

cawireman, thanks for asking about the “flat” median prices because I had the same “stupid” question. Even at a 8% – 10% decline in the current housing market, I’m basically screwed. Do you all (yeah, bad grammar, I know) think that there will really be a much larger decline this time around?

[avidsaver]

Issues within this thread include the following:

1) “you guy’s”
2) Healthily is not a word. I think the correct usage would be, “I eat healthfully.”
3) “There’s a lot of blogs” should be “There are…”

Just thought I’d jump in… and yeah, this is all way too anal.

[avidsaver]

Just back from vacation. Thanks for all of your input. I have a lot to read and research.

[avidsaver]

Thanks. I don’t see the bubble blogger link though. I will do the searches you recommend and make some adjustments!

Nevermind — I found the Roubini blog. That’s what you’re referring to, right?

[avidsaver]

VCJIM – thanks for the proposal. if only davidpeace could find such validation here.

I am really learning from you all as I too am in that “null” between generations (i’m month’s away from 39). I read an article recently about the money being passed from the boomers to the next generation (Y? perhaps), but I don’t remember where…

Sorry, my post isn’t very informative, but I’m just learning.

Also, I agree about people needing to suffer the amount of pay(n) that they can tolerate. I struggle with my decision to rent where I am because I could live in a worse neighborhood or in a smaller place and save more, but I’m here because the school district is good and I feel safer…

[avidsaver]

Who mentioned their income other than davidpeace?

[avidsaver]

Thanks for this. I live in El Segundo which borders Manhattan Beach to the north (just next to LAX). Even if it’s a sales gimmick, it’s still a nice sign of the times for me…

[avidsaver]

I have to dig deep to determine whether you’re right Perry… I would say that as a general rule, society is “structured” (for lack of a better word) in such a way that women feel that they need to “find” a man to take care of them… even if not in monetary ways, we think that we at least need a man to fix things around a house (yeah, that would be nice even for me). But I think that my personal problem with “catching” or “keeping” a man is that I don’t stroke his ego enough to make him feel needed enough… I love men though… don’t get it twisted.

In any case, to add something meaningful to the real estate discussion, I was fortunate enough to buy a condo in 1996 in West Hollywood for $75K after the previous owner had been foreclosed on (grammar?). She had paid $120k. A 37.5% decline. Boy was I lucky. I am crossing my fingers that we will see a similar decline. I hate that I’m hoping for the misfortune of others in the process, but it is what it is…

[avidsaver]

Hey, hey, hey!!!

I was in the reverse situation (I’m the woman), and I guess in retrospect, divorce saved me. We were homeowners, and after divorce, we had to sell the house. Bought in 2002 for $285K, sold in 2005 for $525K. I made the mortgage payments, but I had to split the value. He took his $ and bought a condo for $305K (900 square feet). Long story short, I’m holding my cash, renting, and waiting…

But HEY!!! Not all women are gold diggers that are “socialized to find husbands who’ll take care of them.”

I hope this doesn’t come across as a bitter response — it’s not intended that way at all…

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