[Fearful]

[quote=sdduuuude][quote=Fearful]Wow, this is unreal. Is this LA Times article about the one and same development? http://articles.latimes.com/1992-08-27/news/vw-6593_1_canyon-homes
[/quote]
Wow. That article is 9 years old.[/quote]

Try 19.

They bought the land 50 years ago.

A whopping 30 years later they started talking about developing it.

Twenty years after that, they put the first three houses on the market.

This is just so wrong.

I wonder what the story is on the other two houses in the area. I counted the empty and for sale plots and it ties to the 28 mentioned in the article, so those two were probably built before 1992.

Actually, the timing kind of makes sense. Real estate here entered the doldrums beginning around 1992, so they probably put the whole idea on the shelf. Then for whatever reason they were preoccupied during the early 2000’s. They got around to re-starting the project around 2007. Then they sank a good $million or so into the three houses, assuming that real estate was going to come back some time soon. They certainly have patience; the houses have been on the market more than a year. I would be willing to bet, with the owners’ advancing age, the whole project sits for another year until it is sold in its entirety, or the houses break down from neglect and are bulldozed.

Unreal.

[Fearful]

[quote=sdduuuude][quote=Fearful]Wow, this is unreal. Is this LA Times article about the one and same development? http://articles.latimes.com/1992-08-27/news/vw-6593_1_canyon-homes
[/quote]
Wow. That article is 9 years old.[/quote]

Try 19.

They bought the land 50 years ago.

A whopping 30 years later they started talking about developing it.

Twenty years after that, they put the first three houses on the market.

This is just so wrong.

I wonder what the story is on the other two houses in the area. I counted the empty and for sale plots and it ties to the 28 mentioned in the article, so those two were probably built before 1992.

Actually, the timing kind of makes sense. Real estate here entered the doldrums beginning around 1992, so they probably put the whole idea on the shelf. Then for whatever reason they were preoccupied during the early 2000’s. They got around to re-starting the project around 2007. Then they sank a good $million or so into the three houses, assuming that real estate was going to come back some time soon. They certainly have patience; the houses have been on the market more than a year. I would be willing to bet, with the owners’ advancing age, the whole project sits for another year until it is sold in its entirety, or the houses break down from neglect and are bulldozed.

Unreal.

[Fearful]

[quote=sdduuuude][quote=Fearful]Wow, this is unreal. Is this LA Times article about the one and same development? http://articles.latimes.com/1992-08-27/news/vw-6593_1_canyon-homes
[/quote]
Wow. That article is 9 years old.[/quote]

Try 19.

They bought the land 50 years ago.

A whopping 30 years later they started talking about developing it.

Twenty years after that, they put the first three houses on the market.

This is just so wrong.

I wonder what the story is on the other two houses in the area. I counted the empty and for sale plots and it ties to the 28 mentioned in the article, so those two were probably built before 1992.

Actually, the timing kind of makes sense. Real estate here entered the doldrums beginning around 1992, so they probably put the whole idea on the shelf. Then for whatever reason they were preoccupied during the early 2000’s. They got around to re-starting the project around 2007. Then they sank a good $million or so into the three houses, assuming that real estate was going to come back some time soon. They certainly have patience; the houses have been on the market more than a year. I would be willing to bet, with the owners’ advancing age, the whole project sits for another year until it is sold in its entirety, or the houses break down from neglect and are bulldozed.

Unreal.

[Fearful]

[quote=kcal09]You pay a premium for the unique design-a piece of art so to speak. It is only for conaisseurs…[/quote]
But it’s not unique! There are three nearly identical, side by side. That’s the worst part.

[Fearful]

[quote=kcal09]You pay a premium for the unique design-a piece of art so to speak. It is only for conaisseurs…[/quote]
But it’s not unique! There are three nearly identical, side by side. That’s the worst part.

[Fearful]

[quote=kcal09]You pay a premium for the unique design-a piece of art so to speak. It is only for conaisseurs…[/quote]
But it’s not unique! There are three nearly identical, side by side. That’s the worst part.

[Fearful]

[quote=kcal09]You pay a premium for the unique design-a piece of art so to speak. It is only for conaisseurs…[/quote]
But it’s not unique! There are three nearly identical, side by side. That’s the worst part.

[Fearful]

[quote=kcal09]You pay a premium for the unique design-a piece of art so to speak. It is only for conaisseurs…[/quote]
But it’s not unique! There are three nearly identical, side by side. That’s the worst part.

[Fearful]

Wow, this is unreal. Is this LA Times article about the one and same development? http://articles.latimes.com/1992-08-27/news/vw-6593_1_canyon-homes

“There was no market research behind Shaw Lopez Park, only passion. The developers are not going to the bank for a construction loan. They are putting up their own money to build the first three homes. When those sell, they will build the next batch.”

How’s that working out for you, hippie boy?

[Fearful]

Wow, this is unreal. Is this LA Times article about the one and same development? http://articles.latimes.com/1992-08-27/news/vw-6593_1_canyon-homes

“There was no market research behind Shaw Lopez Park, only passion. The developers are not going to the bank for a construction loan. They are putting up their own money to build the first three homes. When those sell, they will build the next batch.”

How’s that working out for you, hippie boy?

[Fearful]

Wow, this is unreal. Is this LA Times article about the one and same development? http://articles.latimes.com/1992-08-27/news/vw-6593_1_canyon-homes

“There was no market research behind Shaw Lopez Park, only passion. The developers are not going to the bank for a construction loan. They are putting up their own money to build the first three homes. When those sell, they will build the next batch.”

How’s that working out for you, hippie boy?

[Fearful]

Wow, this is unreal. Is this LA Times article about the one and same development? http://articles.latimes.com/1992-08-27/news/vw-6593_1_canyon-homes

“There was no market research behind Shaw Lopez Park, only passion. The developers are not going to the bank for a construction loan. They are putting up their own money to build the first three homes. When those sell, they will build the next batch.”

How’s that working out for you, hippie boy?

[Fearful]

Wow, this is unreal. Is this LA Times article about the one and same development? http://articles.latimes.com/1992-08-27/news/vw-6593_1_canyon-homes

“There was no market research behind Shaw Lopez Park, only passion. The developers are not going to the bank for a construction loan. They are putting up their own money to build the first three homes. When those sell, they will build the next batch.”

How’s that working out for you, hippie boy?

[Fearful]

Oh my god, the situation is much, much worse than you think. There are actually three houses side by side, each listed for $3.2M. Looks like the same floor plans, but different exteriors. Three ultramodern concrete boxes, appropriate for an urban setting, side by side in the middle of suburbia.

Look at the Google satellite view of the address to see what I mean: http://www.google.com/maps?q=5912%20Shaw%20Lopez%20Row,+92121

Whoever built them, and whoever buys one, is off their rocker. Someone is gonna lose their shirt on this one.

[Fearful]

Oh my god, the situation is much, much worse than you think. There are actually three houses side by side, each listed for $3.2M. Looks like the same floor plans, but different exteriors. Three ultramodern concrete boxes, appropriate for an urban setting, side by side in the middle of suburbia.

Look at the Google satellite view of the address to see what I mean: http://www.google.com/maps?q=5912%20Shaw%20Lopez%20Row,+92121

Whoever built them, and whoever buys one, is off their rocker. Someone is gonna lose their shirt on this one.

[Author]

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