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Wow. Spoiled.

Ok, I MUST be spoiled. I don't know if you've ever watched 'Flip this House', but it just amazes me. The episode I'm watching now has a guy who bought a house in South Los Angeles for $189,000. It's 375 square feet!!!!! _0_ bedrooms, one bath. Umm, I think my BEDROOM is more than 375 square feet. Maybe even my closet ;) I don't think I've even had an apartment that was less than double that square footage.

Ok, our house is about 3,500 square feet and cost just a few thousand more than he paid for this...box.

He has a $50,000 budget and expects to make a nice profit on this. He is adding 2 small bedrooms. Good grief.

EDIT: Wow. They are asking almost $400,000 for that house. They didn't even get it up to 500 square feet. Damn. For $400,000 here I could get almost 5 THOUSAND square feet, not 5 HUNDRED.

Comments

( 4 thoughts — Whatcha' think? )
misskerri
Apr. 21st, 2007 12:25 am (UTC)
Housing prices in LA are crazy. And housing prices in Texas are bargain-rific. Comparing the two is very startling, indeed. We paid $115k for our 1822 sq ft house. My bedroom has a sitting area and a fireplace. My kitchen is ginormous for your standard mid-80s tract home. Yeah....I guess I'm spoiled, too. :)
desertmommy
Apr. 21st, 2007 02:37 am (UTC)
Thats why we moved out of Southern California to buy a house too. With the budget we had at the time, that would have been all we could afford. Came to Arizona, spent $156K (which included the upgrades we wanted) and got a 4bed/2.5bath, 2000 sq ft, 2 story home. Now I couldn't even afford to buy my home with the way the market has gone here.

There are times I think Texas would be a good idea too. At least I'd know someone in Plano if it ever happens :o)
maedb
Apr. 21st, 2007 03:09 am (UTC)
ROFL! Yup yup yup.

That's why we really can't sell either of the two houses until we are ready to leave the area. My next-door neighbors are selling their house, same floor plan as ours. They're asking 769,000 for it. (A year ago they could have gotten 790.) it's 1800 sf!!!! The little house is falling apart at the seams, literally. It's 850 sf and I can sell it tomorrow at 400,000. If I actually fix it, or pull the weeds, or do ANYthing to it, that number will go up an insane amount.

It's ridiculous. I will NOT pay that much for a house, for pity's sake! And so we sit until we're ready to leave California.
genebob
Apr. 22nd, 2007 08:05 am (UTC)
when I live in Los Angeles (pre-1993) it was very obvious that the mantra is "you are what you drive".

People thought nothing of spending $100K on their car, yet live under a bridge. I'm not sure how they define "South L.A." but my guess is that it's not a desirable part of town .. probably south of Century Blvd ("100th Street").

Then again, I lived in several places: Lakewood (boring!), Manhattan Beach (expensive), Torrance (boring but not as bad as Lakewood - ha!). And oh yeh .. EVERYBODY had a roommate. But -- the weather was nice -- most of the time. Exceptions: when the Santa Ana winds were blowing (hot, dry). Or when an earthquake hit (mostly an inconvenience).
( 4 thoughts — Whatcha' think? )