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Malibu Madness


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2005 Aug 3, 1:29pm   28,121 views  162 comments

by HARM   ➕follow (0)   💰tip   ignore  

"For sale: Trailer w/ocean vu, $1 million obo "
Yahoo News: tinyurl.com/9eh5l

So wonderfully Californian, Marsha Weidman's home has it all--along the beach, far from noisy traffic, with a Jacuzzi used to watch sunsets over the Pacific.

For this, she and her husband recently paid $1.05 million.

For that, they got a trailer, built in 1971, without any land.

Plus, the family must pay "space rent," which at two Malibu parks dotted with seven-figure trailers ranges from $800 to $2,500 monthly.

So... Is this a great deal or what?? After all, this is prime beachfront in MALIBU, people! Some pretty big PIBs (Positive IntangiBles) here, no? Discuss.

HARM

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40   HARM   2005 Aug 4, 5:26am  

Nanter, thanks for the intro.

I'm a 37-yr old IT guy renting in an L.A. suburb, facing an almost identical dilemma. My wife & I want to leave SCAL for better quality of life/cheaper housing/less population density, traffic, etc. But, as they say, "you better take your job with you." Starting over in a new place (much less a career change) is hard but often necessary when we want to improve our lives. I wish you success.

41   Peter P   2005 Aug 4, 6:21am  

How do Border Watch programs differ from Neighborhood Watch programs that are widely supported by homeowners everywhere?

Shooting at unarmed people is obviously wrong. If that is actually the case those individuals should be punished to the fullest extend. However, there is nothing wrong about simply watching and reporting.

I believe we should allow more legal labor workers into the country. This is perhaps better for California as well as the migrant workers. However, I strongly oppose the creation of a quasi-legal underclass.

42   Peter P   2005 Aug 4, 6:32am  

These terrorists should be prosecuted. How can one violently break laws in the name of upholding law?

43   HARM   2005 Aug 4, 8:07am  

Max,

No, I hadn't read about the Hal Netkin incidents. He sounds like a real whack-job. Anyone who commits random violence in the name of religion/patriotism, etc. seriously "has issues" and should go to jail. Again, I don't think he's representative of the average citizen upset over illegal immigration (and the exploitation thereof by big business) any more than an extremist MEChA-type is representative of all Mexican-Americans.

What’s the big deal if illegals come to work here anyway? Let’s not pretend we don’t need cheap labor.

Well, for one they're here illegally. I realize that doesn't seem to count for much anymore, but if you've ever spoken to someone who's actually tried to immigrate here legally (and had to deal with the Byzantine red tape & bureaucracy), then you might understand why this matters to some. Aside from "cutting in line", there's also the issue of the impact on taxes, wages and overall economy. Apologists for big business (who love cheap tax-free exploitable labor) and immigrants-rights activists tend to downplay these impacts as insignificant. The current state of our schools, hospitals and infrastructure in CA indicates otherwise.

Again, if big business is really so concerned about there being a labor "shortage", then why don't they back increasing or eliminating (legal) immigration quotas? A: Because they hugely profit from the status quo. Having to pay legal immigrants a fair and living wage + benefits, or even worse, having them *gasp* join unions is an anthema to big business. They want no part of it.

Anyway, sorry to the rest of the bloggers for the digression. Back to housing?

44   Peter P   2005 Aug 4, 9:04am  

Fake P, glad to hear from you.

My prediction is progressing as expected so far. More and more people are now quoting October as the beginning of the end.

45   Peter P   2005 Aug 4, 9:14am  

Fake P, can you please stick around. We have been missing you so much.

46   HARM   2005 Aug 4, 9:21am  

Fake P, can you please stick around. We have been missing you so much.

Yes, please. Sauce is no substitute for the "real deal".

47   Peter P   2005 Aug 4, 12:08pm  

October might be the beginning for bay area, but I think in SD, it has already be gun. I’ve seen houses reducing in price and sellers under listing the other sellers.

I know. The SD market has been stagnant for months.

48   Peter P   2005 Aug 4, 12:24pm  

There should be a well-defined documented process for everyone who wants to come to this country and it’s ok not to allow everyone or anyone for that matter. But let’s have clear rules and let’s enforce them properly. 4-5 years of processing time for skilled professionals and tacitly encouraging people to risk their lives and to cross borders is not good for anyone. It’s a great country but the immigration process needs a total overhaul.

I absolutely agree.

It is unacceptable for a government to encourage law-breaking through deliberate non-enforcement.

Dipanjan, make sure you are in touch with the immigration lawyer from time to time.

49   Peter P   2005 Aug 4, 12:41pm  

Knowingly allow illegal behaviors through non-enforcement or under-enforcement forces legitimate business/individuals to compete with entities with illegal advantages (illegal immigration, cash-businesses not paying tax). This is unacceptable.

I have no problem bending rules... but law-breaking should never be encouraged.

Do you guys think that the minimum wage system is to be blamed? It is probable another "protective" mechanism that is producing the opposite results. The market will prevail in the long run.

50   Peter P   2005 Aug 4, 12:50pm  

iceman, are you being sarcastic?

51   AntiTroll from Oz   2005 Aug 4, 1:15pm  

@MP
It just closed today for $100K over asking. Not bad for $1.31MM.

The marketing and sales of a property is always an interesting dynamic.

For example:-
A seller may underprice their property to generate a bidding war (sometimes achieving a price better than expected). It may appear that the final price was alot better than expected....

Also, the buyer may have been willing to pay more, but since there were no other interested parties, the seller may not have achieved the absolute maximum.

Likewise, the buyer may have overpaid as the seller was asking for a lower price.

In summary, prices achieved will be a mix of sales, marketing, and supply and demand.

BTW, if the seller truly did achieve a price better than expected, then
WELL DONE...

52   HARM   2005 Aug 4, 2:10pm  

AntiTroll,

May as well save your fingers. Sauce doesn't read or listen to other people, he just spews. Your arguments and subtlety is completely lost on him.

53   AntiTroll from Oz   2005 Aug 4, 2:34pm  

How much above asking do ya think this one will go for?

Best way to work out expected selling price is to compare similar properties recently sold.

BUT, I think this property could be truly unique.

Can you sure that nobody is living there?

54   AntiTroll from Oz   2005 Aug 4, 2:40pm  

May as well save your fingers. Sauce doesn’t read or listen to other people, he just spews. Your arguments and subtlety is completely lost on him.

Hopefully, others will see that the only real data to work with is the final price, as most other data does not really matter.

55   Zephyr   2005 Aug 4, 2:50pm  

TWIT: How much it will go for depends upon the value of the lot less the cost of debris removal.

56   SQT15   2005 Aug 4, 3:00pm  

TWIT

Why would we vote you out? That is priceless.

57   Peter P   2005 Aug 4, 3:03pm  

How much above asking do ya think this one will go for?

There are probably mountain people living there. Think Deliverance or Wrong Turn. Anyone trying to move in may be eaten.

58   Zephyr   2005 Aug 4, 3:04pm  

You could also be eaten by bugs and critters in that house.

59   Zephyr   2005 Aug 4, 3:08pm  

Seriously, though. I looked at the listings on Realtor.com and found that Homes listed in West Hills for up to $2 million. A 2,500 sq ft home looks like it would go for over $700K. So if you could build for less than $400k you would make a profit.

60   SQT15   2005 Aug 4, 3:09pm  

The buyer should throw a mobile home on the property and sell it for $1 million.

61   Zephyr   2005 Aug 4, 3:10pm  

Your first day at your new home would involve driving a bulldozer.

62   Zephyr   2005 Aug 4, 3:11pm  

Perhaps you could arrange for the fire dept to have a practice burn, and burn it to the ground while practicing their fire fighting skills.

63   Peter P   2005 Aug 4, 3:11pm  

The buyer should throw a mobile home on the property and sell it for $1 million.

How about a 360-degree panoramic poster with the view of Malibu surrounding the mobile home? Ocean view!

64   Peter P   2005 Aug 4, 3:12pm  

Perhaps you could arrange for the fire dept to have a practice burn, and burn it to the ground while practicing their fire fighting skills.

Also getting rid of mountain people or bugs or critters.

65   Zephyr   2005 Aug 4, 3:14pm  

Especially the bugs.

66   SQT15   2005 Aug 4, 3:20pm  

Oh well, if it has granite counter tops, I'm in!

67   Peter P   2005 Aug 4, 3:21pm  

If I were the seller, I would only show an "artist's impression" of the house. Any defects would be hidden nicely behind impressionist color dots.

68   AntiTroll from Oz   2005 Aug 4, 3:22pm  

Think Deliverance or Wrong Turn.

Or, new movie set for "The Beverly Hillbillies"

69   Zephyr   2005 Aug 4, 3:23pm  

If I were the seller I would build a new house before selling.

70   AntiTroll from Oz   2005 Aug 4, 3:25pm  

TWIT - The 1.7MM is for THE ENTIRE BUILDING genius. Look at the square footage in the Domania quote.

Sellers did well.
The new guy paid for most of the building.

71   Peter P   2005 Aug 4, 3:25pm  

The Beverly Hillbillies

Plot summary - three aspired actresses are attacked by mountain people while checking out an apparent real estate bargain.

Rated R for gore.

72   AntiTroll from Oz   2005 Aug 4, 3:27pm  

"Predator meets Beverly Hillbillies"

Wonder who survives.

73   SQT15   2005 Aug 4, 3:28pm  

Plot summary - three aspired actresses are attacked by mountain people while checking out an apparent real estate bargain.

How about 3 former playboy bunnies who now work as RE agents?

74   Peter P   2005 Aug 4, 3:29pm  

How about 3 former playboy bunnies who now work as RE agents?

Excellent. The previous owner was half eaten by mountain people but mortgage was issued to his meat nonetheless.

75   SQT15   2005 Aug 4, 3:32pm  

Oh I know. 3 former bunnies attacked by Troll. Troll torn limb from limb.

76   Peter P   2005 Aug 4, 3:32pm  

3 former bunnies attacked by Troll. Troll torn limb from limb.

Troll eventually defected by the $700 kitten.

77   Zephyr   2005 Aug 4, 3:33pm  

or ARM from ARM?

78   SQT15   2005 Aug 4, 3:33pm  

I need to work on a script.

79   SQT15   2005 Aug 4, 3:34pm  

or ARM from ARM?

I like it, I can see the marquee posters now.

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