Long Beach general thread

Trooper_IHB

New member
Well, I'll start it off with a doozy:



<strong><span style="font-size: 15px;">Short Sales In Long Beach are 26.6% of the market</span></strong>



Here is a story from a local LB realtor's blog. He never gets responses or comments, but keeps plugging along....



<a href="http://www.longbeachhomeblog.com/2008/07/short-sales-in-long-beach-are-266-of.html">Long Beach</a>
 
There is a pretty good LBC housing blog that i regularly read, that gets good comments:



<a href="http://www.longbeachhousingblog.blogspot.com/">http://www.longbeachhousingblog.blogspot.com/</a>
 
I like that they love LB, but have their eyes wide open and frequently compare LBC to The OC, for construction quality, lot size, crime, etc
 
Trooper, thanks for the link to our latest post over at <a href="http://www.longbeachhomeblog.com">www.LongBeachHomeBlog.com</a>.

I will say though that we DO get comments. Maybe you can stop on by and give us a few more. :)
 
Trooper,



I appreciate you noticing that we keep posting. We do get comments on the blog and frequently many of our readers choose to e-mail, call, or use the contact form instead of commenting.



We look forward to having your comments on the blog or you can always fill out the contact form, e-mail, or call.



Thanks,

Joey
 
jbridges and joey,



omg, I have no time left over after IHB blogging. I may contribute here and there if I have time.



I'm an LB alum (owned in The Heights and in The Pacific during the boom)....now cashed out in CA and waiting. I always eye LB because it's a familiar place to me...



I would appreciate your take on just how cheap I might be able to pick up a place in West Ocean in say....3 years. And is Aqua going down the toilet, or what ! How many owners will stick it out in your opinion ?



Thanks for the input !
 
Trooper <img src="http://www.irvinehousingblog.com/images/smileys/grin.gif" alt="" />



There is a huge <span style="color: red;">auction</span> sign on the side of 'West Ocean', the new condo tower on Ocean in Long Beach.



Here is the link to their site...<a href="http://www.westoceanlb.com/"> West Ocean Long Beach</a>



Great location, right across from the courthouse. When they foreclose, they can just walk across the street and auction it on the steps.



<img src="http://la.curbed.com/uploads/2008.07.meme.jpg" alt="" />
 
[quote author="optimusubprime" date=1217206181]Trooper <img src="http://www.irvinehousingblog.com/images/smileys/grin.gif" alt="" />



There is a huge <span style="color: red;">auction</span> sign on the side of 'West Ocean', the new condo tower on Ocean in Long Beach.



Here is the link to their site...<a href="http://www.westoceanlb.com/"> West Ocean Long Beach</a>



Great location, right across from the courthouse. When they foreclose, they can just walk across the street and auction it on the steps.



<img src="http://la.curbed.com/uploads/2008.07.meme.jpg" alt="" /></blockquote>


Very few buyers will find the decks comfortable to stand on or actually sit there for a long time. It looks flimsy and is not visually secured. The psychology of the exterior facade keep haunting me with CSI Miami opening scenes.
 
[quote author="morekaos" date=1218109459]Banks are now undercutting everyone in the Shore. This is the lowest priced SFH and the lowest per square foot price on Redfin for that area. The bar is getting lower and lower



http://www.redfin.com/CA/Long-Beach/79-Argonne-Ave-90803/home/7596275</blockquote>


Until now, under $600k in the Shore was unheard of. That is some major comp-killing.



Oh, and CountryWide owns the property. Shocker.
 
morekaos, that's a great find ! Keep 'em coming !



Welcome RE in the LBC, your contributions to this thread are more than welcome.
 
[quote author="RE in the LBC" date=1218179085]One of my favorite (to make fun of) Shore properties is approaching its one-year anniversary on the MLS:



http://www.redfin.com/CA/Long-Beach/109-Park-Ave-90803/home/7602101



As ipoplaya said in the <strong>Fun With HELOCS </strong>comments, "Never buy the nicest or biggest house in the neighborhood IMHO."



Case in point.</blockquote>


OMG, one of my friends just bought right down the street from that place. I can never pass there without laughing!!
 
[quote author="morekaos" date=1218109459]Banks are now undercutting everyone in the Shore. This is the lowest priced SFH and the lowest per square foot price on Redfin for that area. The bar is getting lower and lower



http://www.redfin.com/CA/Long-Beach/79-Argonne-Ave-90803/home/7596275</blockquote>
You think maybe the $/sqft is a mistake? What do you do with 2250 square feet when it's a 2/1?
 
you know, I thought that too. Maybe that is why there are no pictures. I will try to drive by on my way home tonight and check that out. Back at you later.
 
[quote author="morekaos" date=1218228966]you know, I thought that too. Maybe that is why there are no pictures. I will try to drive by on my way home tonight and check that out. Back at you later.</blockquote>


Hey gang,



Apparently it's 760 square feet (that's about $750 per square). The (likley overwhelmed) dolt at CountryWide put the 2,250 lot size in the wrong slot.



From what I understand it has a two-car garage out back (a Belmont Shore jackpot). It's right next door to a monster apartment complex, but under $600k for a non-fixer-upper means the writing is on the wall for allegedly "immune" areas like BS.
 
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