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Report: California has nation's least affordable homes
San Francisco Business Times ^ | 1/7/05 | SF Business Times

Posted on 01/08/2005 8:18:52 PM PST by Citizen James

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To: Clemenza

Not even by the bus terminal... that's MS13 territory. I'd rather live in Roosevelt than by that bus terminal. You can come live by me with all the sleepy old people. How we've managed not to be overrun with MS13 barbarians is beyond me.


61 posted on 01/08/2005 9:29:33 PM PST by cyborg (http://mentalmumblings.blogspot.com/)
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To: bwteim

No way!!!


62 posted on 01/08/2005 9:29:35 PM PST by CheneyChick
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To: cyborg
haha, just a tad ;)


but it's ok, we have nothing to fear, im sure the fish won't give US rabies once we're underwater.

63 posted on 01/08/2005 9:30:45 PM PST by cdbull23 ("If it's brown, drink it down. If it's black, send it back." - Homer on what's good to drink.)
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To: Nataku X

My father purchased this house for forty thousand dollars cash. It's now worth close to four hundred thousand. You can't get affordable housing anymore on Long Island. The real estate situation is bizarre.


64 posted on 01/08/2005 9:32:30 PM PST by cyborg (http://mentalmumblings.blogspot.com/)
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To: Joe Hadenuf
A home just sold not far from us for 625k. Nice area, nice home. It sold in two weeks, with a full price offer.

Not bad for a third world cesspool, eh Chicken Little?

65 posted on 01/08/2005 9:32:38 PM PST by PRND21
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To: cyborg

Reminds me of my block in Bay Ridge. The worst I ever had to put up with were old folks complaining about their pensions and the Arabs moving into the neighborhood. SW Brooklyn (especially Bensonhurst) is the largest open-air geriatric ward in the country.


66 posted on 01/08/2005 9:34:12 PM PST by Clemenza (President: Liger Breeders of the Pacific Northwest)
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To: claptrap
I hope California falls off into the ocean (even the Reagan Library and yes even Arnold) Im sick of hearing about California I wish theyd all just become part of the ocean floor!

Wow. That's really mature...

67 posted on 01/08/2005 9:34:52 PM PST by CheneyChick
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To: Citizen James

I guess since I've lived in CA most of my life I'm not easily shocked by this.On the plus side CA real estate is a killer investment outperforming the stock market for quite awhile now.My mothers run down 30+ yr old 3 bed two bath a block from the beach is worth close to a mil now.


68 posted on 01/08/2005 9:36:25 PM PST by edchambers (l)
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To: cyborg

The house my dad bought in Malverne for $89,000 in 1981 would sell for $500,000 on the market today.


69 posted on 01/08/2005 9:36:50 PM PST by Clemenza (President: Liger Breeders of the Pacific Northwest)
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To: Jim Noble
Report: California has nation's least affordable homes Then how come they're so easy to sell?

I do not know an am continuously amazed by that.
Due to a recent messy business failure I'm back to renting and I'm living in 1/2 of a new condo in Santa Clara. The couple that owns it paid $600K for it - just built a year ago. It's 1600 sq. ft., 2 floors, nothing special. Some of the other units are already for sale at $650-700 and sell in a few days. There are single homes in the development that go for $1M - $1.3M that are a little bigger with about 200 sq. ft of "yard". They are also selling as fast as they can be built.

70 posted on 01/08/2005 9:37:08 PM PST by Sunnyvale CA Eng.
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To: cyborg

Oh, dear... then again, real estate is probably the best investment to make... it's not like we're making more land.


71 posted on 01/08/2005 9:38:59 PM PST by Nataku X (There are no converts in Islam... only hostages.)
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To: Clemenza

Malverne is nice. The nuclear family can't afford life on Long Island. It's a renter's paradise now. I'm still living here because my house is paid for and I plan to rent rooms to Hofstra trustfund brats. Otherwise, I plan to live like a hermit in my cabin somewheres.


72 posted on 01/08/2005 9:42:30 PM PST by cyborg (http://mentalmumblings.blogspot.com/)
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To: TheOtherOne
I hope to be in the real estate business when all these homes crash...I'd like to pick up a crumb or two....when prices plumett.

Just think, if homes ever go back down to 250 or 300k in Cal, you'll be able to pick up homes in Hacksaw Arkansas for 20k.

73 posted on 01/08/2005 9:43:11 PM PST by Joe Hadenuf (No more illegal alien sympathizers from Texas. America has one too many.)
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To: Nataku X

A house can be a blessing or a curse. The house has been the source of unlimited blessings.


74 posted on 01/08/2005 9:43:41 PM PST by cyborg (http://mentalmumblings.blogspot.com/)
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To: cyborg

Malverne is my favorite town on the south shore, with a nice main street and art cinema (was a "dollar" theatre when I was a kid). The problem is the fact that the schools (Valley Stream District 13 or Lakeview/Malverne) leave much to be desired. If I moved back, I would send my kids to private school.


75 posted on 01/08/2005 9:45:15 PM PST by Clemenza (President: Liger Breeders of the Pacific Northwest)
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To: Joe Hadenuf

Where does a young couple out of college who work in LA buy a house? Bakersfield? Tijuana?


76 posted on 01/08/2005 9:47:30 PM PST by Clemenza (President: Liger Breeders of the Pacific Northwest)
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To: Citizen James

Land use restrictions.


77 posted on 01/08/2005 9:47:41 PM PST by farmfriend ( Congratulation. You are everything we've come to expect from years of government training.)
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To: Clemenza
Where does a young couple out of college who work in LA buy a house? Bakersfield? Tijuana?

If you find out, let me and my wife know.

78 posted on 01/08/2005 9:50:12 PM PST by TheOtherOne
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To: Citizen James; SierraWasp; calcowgirl; hedgetrimmer; Carry_Okie

Now our new governor has given us the wonderful Sierra Nevada Conservancy to help with those land use restrictions. Then they will come in and mandate affordable housing.


79 posted on 01/08/2005 9:52:07 PM PST by farmfriend ( Congratulation. You are everything we've come to expect from years of government training.)
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To: martin_fierro

Sorry to tell you, bud, but that price would not get you the garage, here.


80 posted on 01/08/2005 9:54:25 PM PST by patton (+)(+)(+)(+)(+)(+)CHUNK!D@MMMMMIT!(+)(+)(+)(+)(+)(+)
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