Manhattan Beach Confidential - Latest Comments in Losing Our Bounce

Re: Losing Our Bounce

Drako Malfoy — Sun, 01 Mar 2009 19:43:39 -0000

Huggy mght be able to find his ass...its sitting right on top of his neck

Re: Losing Our Bounce

Too True — Sun, 01 Mar 2009 12:17:50 -0000

<i>"Even I can't do anything with those properties"</i> uh huh. you couldn't find your ass with both hands.

Re: Losing Our Bounce

Dumbledore — Sun, 01 Mar 2009 11:33:36 -0000

Huggy, my post didn't mention or even hint at foreclosure. Becoming a bit paranoid are we?

Re: Losing Our Bounce

Impossible Task Dept — Sat, 28 Feb 2009 23:45:26 -0000

Even I can't do anything with those properties (I'm assuming you're referring to the ones on 2nd and 11th Streets). Btw, those properties were never subject to auction. Rich pays cash so no mortgage and no foreclosure. And, yes, they are big.

Re: Losing Our Bounce

Dumbledore — Sat, 28 Feb 2009 23:30:59 -0000

Stopped by one of Rich VR's failed auction houses in east MB today for kicks. He's asking almost $500 per square foot...LMAO. The agent on premise started talking about comps from last year...how quaint. Eventually, the only thing he could think of was to say "this house is really big". GIven that comparable finish quality Tree section houses are going for less than $400 psf, I'd guess that Rich is in for some adjustement. On the other hand, perhaps his reputation for high quality builds will deliver the premium he seeks. LMAO. Maybe Huggy can take over the listing and do a better job of spouting BS to prospective buyers....

Re: Losing Our Bounce

Dumbledore — Sat, 28 Feb 2009 23:23:18 -0000

Wages are unlikley to rise anytime in the foreseable future....unemployment rocketing to over 10% in LA county, 30M plus unemployed in China. Won't be too hard to find replacement workers. Oh, the SAG strike is going to be a ral shot inthe arm for the LA area economy.

Re: Losing Our Bounce

Dumbledore — Sat, 28 Feb 2009 23:21:03 -0000

But since most of the banks are now zombies....high inflation with little available credit. If we are lucky, a zombie will eat Huggy's brain soon

Re: Losing Our Bounce

Fact Checker — Sat, 28 Feb 2009 23:18:16 -0000

Huggy - Grow some cajones, stop cherry picking individual sales and report the macro facts...How's total MB inventory these days?

Re: Losing Our Bounce

Smuggy — Sat, 28 Feb 2009 23:14:14 -0000

Ouch...that one is going to leave a bruise..even on a thick skull like Huggy's

Re: Losing Our Bounce

Smuggy — Sat, 28 Feb 2009 23:11:03 -0000

Huggy, how do these four homes going into escrow (not all will close if recent trends hold...) and one closed sale make even the slightest dent in the MACRO problem of exceptionally high inventory relative to demand? You seem to be the one who'se lost touch with the big picture.....

Re: Losing Our Bounce

Smuggy — Sat, 28 Feb 2009 23:07:25 -0000

Cue Huggy to spout off about how James isn't a real man's realtor...a manyly realtor would have said that "now is a great time to buy!"

Re: Losing Our Bounce

Country Girl — Sat, 28 Feb 2009 21:52:56 -0000

I have been wondering if there are any long term resident in MB. I come from a small town in Indiana and there most seniors are long term residents. It seems like MB is just the opposite, am I wrong?

Re: Losing Our Bounce

Newbie — Sat, 28 Feb 2009 19:49:15 -0000

Sage: I couldn't have said it better. I would like to meet some long time residents to discuss the history of MB eseceially that of Bruce's Beach.

Re: Losing Our Bounce

Thanks, Sage — Sat, 28 Feb 2009 15:29:34 -0000

I love posts like this. I've been dying for some true locals to weigh in. It seems the ones who spew on here, who just like to hear themselves 'speak", are people who discovered this town after Y2K. And for the record, I'm jealous that you own your home outright. Terribly, horribly jealous...I'll admit it! Good for you!

Re: Losing Our Bounce

I don't like Exhaust — Sat, 28 Feb 2009 15:19:04 -0000

Thanks MB Watcher. As I have only driven by the house during off-peak hours, I hadn't considered the line-up of cars at the stop signs. I have seen you point out this issue before regarding other challengingly located properties. The idea that for an hour in the a.m. and an hour in the p.m., you'll have 4 or 5 cars lined up at that intersection spewing exhaust, clearly makes the property less desirable. I guess that explains why the new construction directly across the street at 3413 Pacific hasn't sold in 109 days despite the $250,000 drop in list. I'll be curious to see what the house goes for.

Re: Losing Our Bounce

Sage Advise — Sat, 28 Feb 2009 14:50:06 -0000

Huggy congratulations for finding some ringers to further your fantasy. I am not sure why you waste your breath as every newspaper in the country - correction those still in business - says the same thing regarding our economy. Our government, from the President on down, is working feverishly to try and manage the mess, and yet you continue with your drivel. For each of your examples there are many more representing despair. What you don't understand is that your fact spinning, pit bull tactics and skewed version of reality, is what drives everyone to hate realtors. It would be nice for see you bring something positive to this blog for a change and represent your industry properly. You don't have to agree with everyone, but being such a jerk isn't getting you anywhere. Oh for the record, I own my home. When I say own I mean as in no mortgage. I have lived here many decades and my eyes have seen just about everything. I know more about this town than you ever will.

Re: Losing Our Bounce

Quimby — Sat, 28 Feb 2009 14:49:48 -0000

So when prices are on the way up it's a great time to buy because it's going to get more expensive with time...when prices are on their way down it's a great time to buy because it's less expensive now then it used to be (but they can't possibly go any lower). A can't miss approach! And if things continue to be so rosy...what happened to the stiff competition from builders? They don't know it's a great time to buy? Can't have it both ways. Markets don't operate like that.

Re: Losing Our Bounce

huggys alter ego — Sat, 28 Feb 2009 13:56:18 -0000

hmmm... just wondering what terrorists might target. Refineries, airports, hmmm... Just saying.

Re: Losing Our Bounce

COTC's Poet Laureate — Sat, 28 Feb 2009 12:09:27 -0000

You obviously have way too much time on your hand.

Re: Losing Our Bounce

shaykh — Sat, 28 Feb 2009 11:01:18 -0000

and every seller wants to hear the sweet song of the sucker sung in a soft falsetto. You know how it goes, although you probably havent heard it since it topped the charts in '05. It goes.. full price proffered/all cash offered no contingency/sell it to me bargain? 'sup?/value will only go up! a super jumbo fits/now back to my bong hits

Re: Losing Our Bounce

MB_Watcher — Fri, 27 Feb 2009 23:57:44 -0000

Since that is my comment let me explain further. My main point is that buyers will view the location unfavorably in a time of ample choices. So that's negative price pressure. Pacific is busy during both rush hours, being one of 2 streets with a light at Rosecrans. A 4-way stop means you hear cars braking and revving up as they go again. The refinery: Obviously, overall, many people do not see it as a reason to avoid the area. Tens of millions of dollars' worth of homes change hands in the immediate vicinity every year. I have rarely if ever smelled a smell from the refinery when in the area or heard about one. Periodically people post here saying it's definitively NOT a risk, or definitively a risk. Gotta look at that issue yourself. There is noise from the refinery at times, probably the main impact other than the view.

Re: Losing Our Bounce

Bitter,Bitter,Bitter — Fri, 27 Feb 2009 20:16:52 -0000

Wow, Anon, you just gave us the perfect example of what it means to be a "bitter renter." Sorry if the facts about the local RE market are causing you such psychic pain. To calm your nerves, perhaps a session with Agent 007 is in order (you know, "Bong, James Bong").

Re: Losing Our Bounce

huggy — Fri, 27 Feb 2009 20:15:16 -0000

bob gets it. he cant figure out "why buy now?" when everything is pointing down?

Re: Losing Our Bounce

sad — Fri, 27 Feb 2009 20:13:52 -0000

from the american dream to the american ream. from a white picket fence to getting fisted by an ARM.

Re: Losing Our Bounce

Need to know — Fri, 27 Feb 2009 20:12:42 -0000

MBW describes 3505 Pacific as having a "Big Location Challenge". Granted, all you see in the distance as you drive home up Pacific from points south is a towering Refinery stack. And just across Rosecrans from you is this huge structure with three holes in it that spews fumes into the air 24/7. But isn't that just steam? Is the location that bad? Does the refinery smell? Is that dependent on wind shifts? Is the refinery unhealthy? Is it foolish, careless or worse for families with small children to buy near there? Other than the refinery, what else is "challenging" about the location? Is Pacific REALLY that bad/busy a street? Finally, which elementary school is "better" Grandview or Pacific? thx.