Quote:
Originally Posted by look 171
Hard drive,
your sister's(?) place in Highland Park should have been going up. Talk about on fire. Homes are sold there within the first week of listing.
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two places down the street from me (Santa Monica) both went on the market at the same time. One of them the owner died, the other they moved. They both got a quick refresh but neither is impressive. They both sold the first day, probably for over their asking ($999K and $949K). These are 1400 sq ft homes on tiny lots, one of which didn't even have a garage.
A friend of my wife just sold her house in Highland Park. Asking was $429K and it got 16 offers and went for almost $100K over asking.
It feels like around 2003 again. The fallout for me is my landlord raised the rent $400/mo as sales are hot and rentals are feeling pressure. It'll likely crash again soon (though I doubt my rent will drop - we're out of here as soon as the boy finishes HS). People don't seem to learn. And many of the people looking at the two houses down the street were investors, not "buying to live in it", at least judging from the conversations I overheard while we were checking them out.