›

A hilarious look at the So. Cal. Bubble from DrHousingBubble

Comments

  • EconEEconE
    and just for fun...here are some Compton properties.

    http://tinyurl.com/2kvop4

    No need to put bars on the windows on this next one! Maybe they'll throw in the Caddy in the driveway as an "incentive"!
    http://tinyurl.com/2n5mvn

    Free bars on the windows on this one too. Man...these people down here know how to give you all the little extras that you need!
    http://tinyurl.com/yog9pv

    Looks like the builders though that Compton had "potential". No need to sit on the floor in these new luxury homes as the garages will easily stop any stray bullets from drive by shootings.
    http://tinyurl.com/29o35v

    I know, I know...you're all thinking "Man...I could never afford one of those fancy neighborhoods like Compton...I mean really...after all...NWA (WARNING...bad language) :shock: put this place on the map!

    So let's take a look at some of the more affordable places...
    http://tinyurl.com/ypalgy

    one for the "modern minimalist"...
    http://tinyurl.com/2xbwm7

    This one will make you feel like you are on a tropical holiday...well...if living on a street called Bahama helps.
    http://tinyurl.com/2eve67

    Do you think that they took the bars down on this one for the photo shoot? Nahhh...couldn't be...Compton has "gentrified"...no gangs down there I tell ya!...
    http://tinyurl.com/ynombp

    just thought I'd give you a little snapshot of what's up in L.A.

    maybe I'll check out Watts, Inglewood and East L.A. next :lol:
  • EconEEconE
    OK...I couldn't resist...here are some South Central Beauts. I picked the most affordable ones...well...the ones worthy of photos.

    http://tinyurl.com/2ssdob

    this one has some nice "stately" columns.
    http://tinyurl.com/2d94we

    already fenced in...perfect for your pit bulls.
    http://tinyurl.com/27a6hw

    now this is what I call a call a bachelor pad extraordinaire!
    http://tinyurl.com/yrwhdg

    Oh...big spenders are ya?

    let's bump it up to a cool half mil.

    http://tinyurl.com/3d6j6r

    http://tinyurl.com/3cy9e3

    nope...no bubble...but remember...these neighborhoods have their own exports. They are called Gangs.


    :lol:
  • SeattleMooseSeattleMoose
    That place in Compton....

    value of house....10K
    value of land....20K
    value of medical treatment due to being mugged and beaten...-100K
    value of constantly having my car stolen and keyed....-50K
    value of having to live in constant fear and stress...-200K

    So let's add it up....the overall value of the place is NEGATIVE 320K.

    Yep, if you GAVE ME 320K I would CONSIDER living there for no more than 1 year....

    On a more positve note....President Bush pardoned "Scooter" Libby....
  • Denny RetrogradeDenny Retrograde
    Ouch ouch ouch! Behind every listing like this is the tale of an FB suckered into HELOCing atop a subprime refi by a mortgage broker camouflaged as a fiduciary. Tight-knit (but underemployed and/or undereducated) families facing hype-inflated property tax hikes were prime marks for these brokers. These brokers have continued to take a bite with new equity-stripping offers (ref. NYTimes yesterday). In the long unwind, resets will put more and more home and small business owners upside-down in historically distressed nabes like Compton, the Bronx, and our own Central Area. Down the road it won't have much funny attached, given the likelihood of long-term family, social, employment, public safety and tax unraveling. Ouch ouch owwww.
Sign In or Register to comment.