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Excellent Conditions

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Address: 2036 3rd. St #7, 90814 Asking Price: $150,000 Year Built: 1960 Size: 1 beds, 1 baths, 707 sq. ft. $/Sq. Ft.: $212 HOA Fee: $104 Purchase price: $278,000 Purchase date: 4/2007 MLS#: Y901921 On Redfin: 30 days Down Payment: $30,000 Monthly Payment: $900 Income Requirement: $43,000 Description: Cute condominium, excellent conditions, second floor. Nice living room with balcony. Short Sale. "Excellent conditions"? You mean, like, for sailing? Calling this a short sale is being generous. Assuming the bank approves this price (won’t happen), it will be "short" $128,000 , less whatever meager down payment the renter coughed up (sorry, but we have to stop calling people who made interest-only payments to live in houses for a year or two “owners.” They rented money from banks and will walk with no equity, therefore they are renters ). A one hundred and twenty eight thousand dollar loss on a 700-square-foot apartment? Cripes! I don't know what this lady was think...

Love Letter from a Fan

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In the comments section of A New Price Per Square Foot Record: UPDATE , I received a new dose of hate mail: The photo...if that is you and this..... You assume all risk for your own use of the information provided as the accuracy of the information is in no way guaranteed. As always, cross check information that you would deem useful against multiple, reliable, independent resources. The opinions, jokes, and sarcasm expressed on Long Beach Housing Blog are for entertainment purposes and should never be considered investment advice. SAY IT ALL... You are one of the most ignorant, misinformed imbeciles that I have had the displeasure of reading...try climbing out of of your dark hole, investigating and securting [SIC] the facts before you open that dark hole of a misinformed and ferstering [SIC] piehole of a mouth....Good Luck CAPTAIN REAL ESTATE!!! Okay, I'll bite. But I'll have you know I don't feel good about picking on individuals who seem so mentally unstable. "The ...

Days on Market: An Eternity: UPDATE

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Sometimes I think the number of realtors who read this blog is larger than expected: May 14, 2009 - Price Changed $269,500 "JUST REDUCED ANOTHER $20,000 to $269,500!" Sadly, it's too little, too late. There needed to be a "1" in front of that $20,000 price reduction for this thing to have a reasonable shot at selling.

A Bit of This and That

Congratulations to Greg Paulus for coming home! For those of you not from around here, Greg was a star quarterback and point guard for Christian Brothers Academy. He had his choice of sports, and decided that his education meant a great deal and the best education for him would be found at Duke. He was their point guard for years - and the guy everyone loved to hate. Senior year he faced the ignominy of sitting out a great deal, but he was the first one giving encouragement when the players returned to the bench. Today he announced that he would use his last year of eligibility (I guess this comes from a change of sport) to come home, attend Syracuse University, and take on the huge challenge of quarterbacking the team. Fun times! Speaking of weird sports stories.....there will be a filly as the favorite in the Preakness on Saturday. Her name is Rachel Alexandra . We will be attending the wedding shower of - Rachel and Alexander (!) at that time. Do you think we'll manag...

Days on Market: An Eternity

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Address: 1629 Cherry Ave #308, 90813 Asking Price: $289,500 Year Built: 1988 Size: 2 beds, 2 baths, 849 sq. ft. $/Sq. Ft.: $341 HOA fee: $213 Purchase price: $195,000 Purchase date: 5/2004 MLS#: P561937 On Redfin: 812 days Down Payment: $60,000 Monthly Payment: $1,700 Income Requirement: $82,000 Description: JUST REDUCED $10,000 to $289,500 AGAIN! Top Floor Penthouse-Unique & Custom Designed w/Gorgeous City,Sunset & Partial Ocean Views! No Common Walls & Too Many Upgrades to Mention-Must See! Vaulted Ceiling in LR w/Bamboo Flooring, Crown Molding, Plantation Shutters, Recessed Lighting & French Doors to Slate Tiled Patio. Custom Kitchen w/Granite Counters, Travertine Floor, New Maple Cabinets & New Appliances. Master Suite, Laundry Area w/Washer & Dryer(Included), Central Air Conditioning/Forced Air Heat & Ceiling Fan. Gated Complex w/2 Parking Spaces. "Gated Complex w/2 Parking Spaces." In this 'hood, you're going to need 'em. This pr...

The Second Anniversary Blog

It's been two years since I started blogging - apparently the 14th of May, 2007. I had no idea I would enjoy it so much. Since last May the world has changed. An election was run and won by Barack Obama, and I am still in awe that he is our President. I am impressed by what he wants to do, the decisions based on "right" rather than "might," and I wish him well at least once a day. A year from now I still want to be in awe of his Presidency as a turning point in our country. It was a very tough year. Real estate in Skaneateles hit a low, but didn't crash as it did in other places. Our beautiful homes still sold, though not at the rate we all had become accustomed. I was able to chronicle it 52 times, never missing a week (an occasional day, yes) all year for the Skaneateles Real Estate Weekly Update. I said good-bye to Hermes and Jose, hello to Rachel and Alex's wedding plans. And also hello to all those wonderful people who came into my life th...

Skaneateles Real Estate - The Weekly Update

The sun is out, there is no humidity or a cloud in the sky, I spent 2 hours in the dentist's chair this morning and I want to get a tan. So let's swing right into it! There are currently 141 active listings in the Skaneateles area of the multiple listing service. Six new ones came on in the past week, something for almost everyone. There's the gorgeous home overlooking the lake for one million dollars, a small home in J-E school district for under 100K, a pretty waterfront village home, two others under $200,000 and down the lake in Cayuga County a house with 10 acres. What is your preference? Two new homes were marked contingent, both of them remarkably around the list price of $200,000. I think that's good news - people are beginning to take a chance again. And I forgot! A waterfront home, also! We now have 25 officially closed homes in the Skaneateles area, as compared with 16 last year at this time. The new one that sold is a village fixer-upper that has be...