Why the housing badness must be coming from the sky

mountain_shadowIf you live in the flats of Santa Monica or Brentwood, it probably feels like home prices have started to level off.  There’s something to the adage that the one thing you can never change about a piece of property is its location, so choose wisely.  Certainly prices for low-end properties (tear downs and scraped lots) are down over the last 18 months.  But for whatever reason, they seem to have stabilized for a minute.

Not so, up in them thar hills.  Westridge.  Bayliss.  Queensferry.  Mandeville.  Kenter.  Tigertail.  Bonhill.  Norman.  Robinwood.  Bundy.  Lindenwood.  If you are trying to sell a home in Brentwood’s northern reaches, more than a 1 minute drive north of Sunset Blvd., be prepared to keep coming down the price mountain for the next several months.

For every 10 people who want to buy a home on Gretna Green or Carmelina (are there even 10 buyers out there at the moment?), there are only 1 or 2 who are into the canyon lifestyle (long twisty road to home, nice views, no sidewalks, nothing much in walking distance but wilderness, precarious hillside settings, etc.).

For me, The ShadowBuyer, this presents a bit of an opportunity.  Though I’ve stipulated coffee adjacency as a “must” in my wishlist of home attributes, I’ve spent a good portion of my life up Bundy and Kenter Canyons, and I can appreciate what they each have to offer.  If the right home comes along, with enough of a yard for ShadowBaby to play in, and a “wow-inducing” view that counterbalances the lack of walkability, I could become a canyon dweller once again.

So, if you have a home that meets the parameters laid out in my initial post, other than coffee adjacency, please drop me an e-mail at shadowbuyer (at) gmail (dot) com, and we can talk.

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2 Responses to “Why the housing badness must be coming from the sky”

  1. Stich Says:

    Who knows what real estate lurks in the hearts of men? The Shadow Knows! This writer just came back from an east coast sojourn to upstate NY where $500,000 buys you a true slice of heaven. have you thought of maybe a satellite office in Ithaca? Binghamton? Lakefront you know!

    • shadowsm Says:

      Sign me up, Mr. Stich. My SECOND home will be waterfront. But for now, the ShadowFamily needs to remain in L.A.

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