Monday, November 7, 2011

Californians are Insane, Part 23

On the lighter side of unreality, in LA $2.5 million gets you this (101 South Rockingham Avenue, 90049 in case it moves around in the MLS.) Yes, I realize that location is important. This is OJ's old 'hood, so even old houses that need stucco repair and still have Christmas lights up deserve the premium price.In Houston, $2.4 million gets you this. Scroll all the way down to get the full Monty.

On a different note, after a 3-year hiatus, I just noticed that tower cranes have started to rise again in west Houston, particularly at the old Town and Country center and over at Memorial City. I can't image they are condos since we are awash in those. My guess is spec office buildings.

3 comments:

Anonymous said...

Housing everywhere is going to take a huge dive soon enough... a 30-year bear market in housing prices, once the Boomers retire, downsize, and/or die off.

To sum up, no one under 40 has any money. Older generations have stolen it. Thanks guys.

Anonymous said...

Damn, link mistyped. 2nd try:

No one under 40 has any money.

Mike S said...

Yep, I'm looking forward to some real cheap digs when I retire - just as the boomers start to kick off in a big way. Only problem is trying to choose a place that isn't going to become a ghost town.