patrick.net

They're not building any more land!

vain says

They’re not building any more land!

But they are leaving California to more affordable places :)

Over $500k for that? Laughable bubble esque pricing for that near 100yr old small home with no AC. It says pending so maybe they found a sucker for their wishing price but I wouldn't be surprised if it falls through.

I'm not in the market for a house, I know better. Just showin' ya what's going on in my town :)

Also, it's one house away from the 110 overpass, so fwy noise and pollution.

PasadenaNative says

Also, it’s one house away from the 110 overpass, so fwy noise and pollution.

But is encompassed by wonderful sunny weather!

tts says

Over $500k for that? Laughable bubble esque pricing for that near 100yr old small home with no AC. It says pending so maybe they found a sucker for their wishing price but I wouldn’t be surprised if it falls through.

Trap has been set.

Trap? You think the realor is trying to give the impression of the house being "desireable" or something? "oooh it almost went that time but the deal fell through BUY NOW BEFORE ITS TOO LATE"

tts says

Trap? You think the realor is trying to give the impression of the house being “desireable” or something? “oooh it almost went that time but the deal fell through BUY NOW BEFORE ITS TOO LATE”

Trust me, it only needs one stupid person to sink his fortune, after all it is So. Pasadena. Someone will pay 500K thinking that they brought the seller down from 579K.

bubblesitter says

PasadenaNative says

Also, it’s one house away from the 110 overpass, so fwy noise and pollution.

But is encompassed by wonderful sunny weather!

True true ;-)

bubblesitter says

tts says

Trap? You think the realor is trying to give the impression of the house being “desireable” or something? “oooh it almost went that time but the deal fell through BUY NOW BEFORE ITS TOO LATE”

Trust me, it only needs one stupid person to sink his fortune, after all it is So. Pasadena. Someone will pay 500K thinking that they brought the seller down from 579K.

yea guess so

prices are only going up. get in while you can. ;-)

bubblesitter says

vain says

They’re not building any more land!

But they are leaving California to more affordable places

more affordable means a really cold winter to Cali folks.

Katy Perry says

bubblesitter says

vain says

They’re not building any more land!

But they are leaving California to more affordable places

more affordable means a really cold winter to Cali folks.

Or living amongst rednecks and Tea Partiers!

It will sell not because it’s in CA or great weather so much, but it’s in one of a few nice areas short commute to LA. If you have to live in LA are " ", have the money and kids you’re really limited and its something that is only getting worse. I would think it was outrageous if I was looking at this listing without living here but it’s just how it is now. There is so much money in South Pasadena and San Marino that I don’t ever see it changing.

This small overpriced house is exactly the reason I do not live anywhere near LA, in spite of the weather - of course, being retired helps!

rpanic says

It will sell not because it’s in CA or great weather so much, but it’s in one of a few nice areas short commute to LA. If you have to live in LA are ” “, have the money and kids you’re really limited and its something that is only getting worse. I would think it was outrageous if I was looking at this listing without living here but it’s just how it is now. There is so much money in South Pasadena and San Marino that I don’t ever see it changing.

True dat. Only wish I had some of it ;-)

This one gives you some idea what prices were before the bubble. I see that some topped at $500K and higher.

Property History for 501 FREMONT Ln
Date Event Price Appreciation Source
May 03, 2011 Sold (MLS) (Closed) $430,000 -- Inactive i-Tech MLS #22145322
May 02, 2011 Sold (Public Records) $430,000 4.2%/yr Public Records
Jan 25, 2011 Pending (Backup Offers Accepted) -- -- Inactive i-Tech MLS #22145322
Dec 14, 2010 Delisted (Hold) -- -- Inactive i-Tech MLS #22145322
Dec 02, 2010 Price Changed $425,000 -- Inactive i-Tech MLS #22145322
Nov 22, 2010 Price Changed $450,000 -- Inactive i-Tech MLS #22145322
Nov 07, 2010 Price Changed $499,000 -- Inactive i-Tech MLS #22145322
Nov 02, 2010 Listed (Active) $560,400 -- Inactive i-Tech MLS #22145322
Sep 04, 1998 Sold (Public Records) $255,500 9.0%/yr Public Records
Dec 11, 1996 Sold (Public Records) $220,000 -0.9%/yr Public Records
Jun 09, 1995 Sold (Public Records) $223,000 -1.6%/yr Public Records
Apr 26, 1993 Sold (Public Records) $231,000 -1.1%/yr Public Records
May 08, 1990 Sold (Public Records) $239,000 -- Public Records

Then there was this...
http://www.redfin.com/CA/South-Pasadena/1806-Wayne-Ave-91030/home/7008644

PasadenaNative says

Or living amongst rednecks and Tea Partiers!

Living around rednecks isnt so bad as you may think...

During the best years in Silicon Valley (nearly 20 years), Republicans carried majority vote, results, no bubbles to speak of.. after 1990...Look out .. here comes the Dems, Tech Bubble, Housing Bubble and hype machine.

Year GOP.................DEM
2008 28.6% 190,039 69.5% 462,241
2004 34.6% 209,094 63.9% 386,100
2000 34.4% 188,750 60.7% 332,490
1996 32.2% 168,291 56.9% 297,639
1992 28.4% 170,870 49.2% 296,265
1988 47.0% 254,442 51.3% 277,810
1984 54.8% 288,638 43.7% 229,865
1980 48.0% 229,048 35.0% 166,995
1976 49.5% 219,188 46.9% 208,023
1972 51.9% 237,334 45.6% 208,506