Posts Tagged ‘Brentwood’

New plan to turn this market on its head

December 14, 2009

At Shadowbuyer HQ, we have hatched a new plan that has the potential to turn the stuck-in-the-mud, mid-high-end Santa Monica/Brentwood market on its head.  This will be the last you hear of it until after the first stage of the plan has been executed.  Wish us luck.

Gasping For Breath In the Salt Air

December 8, 2009

Under water, and feeling scared.

This whole home search has become bogged down.  I’ve got a life-savings-sized pile of loot ready to go, a wife and daughter who have taken to declaring that they’ll do this or that, “once we get into our new house,” and even I have just about had it with the indignities of our current rental situation, lovely, and even enviable, as it may be.

Why the bogginess, you ask?  It’s the sellers.  The over-leveraged, overambitious (circa 2006) home “owners” who went for the brass ring, and realize now that the free ride they were looking for was merely a mirage.

As an example, let me tell you about the perfect house we found.  It’s really nearly perfect for us.  (more…)

Whatchoo Talkin’ ’bout, A. Quincy Jones?

November 12, 2009
4096182739_ded0a2a5de_o

"It took Diff'rent strokes to buy this house, yes it did."

Regular readers will note that I’d prefer to live walking distance to stuff, in a kid-friendly area with sidewalks.  But all that might  be out the window, if Mr. Drummond‘s house falls into the mid $2s.

This is one A. Quincy Jones one-story sprawler that looks well worth the drive into the clouds (with oxygen tanks) that it might require of its inhabitants.

Curbed has the whole story, and Redfin has all the details.

The Doctor is in, and he is on fire.

October 31, 2009

frozenbubble

A bubble. Frozen. For now.

There is a guy blogging under the handle Dr. Housing Bubble, over at the Dr. Housing Bubble Blog.

Dr. Housing Bubble is prolific, and does an extremely thorough job of researching and considering mortgage, banking, employment, and other industry stats, figures, and mechanics.  His most recent post highlights why we are in the eye of the mortgage default and foreclosure hurricane, and how 2010 and 2011 are shaping up to be absolute bloodbaths for banks and over-extended home “owners.”

Even so, a guy’s gotta live somewhere.  When I find the right place, at the right price, I’m still going to buy it.  If it happens that you have a home you’re considering selling that matches the parameters set out in my initial post, please drop me a line.

Why the housing badness must be coming from the sky

October 29, 2009

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., (more…)

A Crystal Ball Into the 4th Quarter

October 24, 2009

In February of 2008, the following news about Q4 2008 home sales was released by an industry trade group:

Most metropolitan area median home prices, impacted by distressed sales, trended down in the fourth quarter from a year earlier.  At the same time, existing-home sales rose in only six states from the fourth quarter of 2007, according to the latest survey by the National Association of Realtors.

That median home price stat is somewhat irrelevant to the Shadow Buyer family.  If there existed such a thing as a median priced home in Brenwtood or Santa Monica, believe me, I would never have been inspired to create this blog.  I would be playing in my median backyard with my far above median kid.

For Q4 2009,  in the micromarket that I hope to call home, based on my reading of the market, I predict that (more…)

Nimrod! And, introducing Mrs. Shadow Buyer

October 10, 2009

Nimrod. Beckwith. Brinkley. Oceano. Saltair. Centinela. Carmelina. Franklin.

These are not pet names that my wife calls me, but rather the names of some of the streets that she would love to live on.  If you live on one of these streets, or if you know someone who does, and you or they are considering selling a home, whether the home is currently listed for sale or not, please drop me an email.

From time to time, Mrs. Shadow Buyer and Baby Shadow Buyer’s wants and likes will be detailed here.  As we often say in the Shadow Buyer household, “say what you want.”

Enough said.

Cheers, Arthur Frobisher

October 9, 2009

loch nessie082Only in L.A. and New York do you run into this particular home buying problem.

You hear about an interesting home for sale.  You stack your chips, check your gut, and fling in an offer.  Then, you hear that the too-good-to-be-true price level was just that.  Some other bidder has elevated the price war out of your comfort zone.  So, you walk away, slightly relieved, and tell yourself that, “it wasn’t meant to be,” and “we’ll get ’em next time.”

Then, further details emerge.  It’s not just that this other buyer outbid you by $100K.  Rather, this other buyer parachuted in to the bidding, and like dynamite on a burning oil well, threw down slightly more than $3 million in CASH, with no contingencies.

Well, it’s no wonder that he won the bidding war.  The guy who goes nuclear generally wins the war.

Helping to put the situation in perspective, I learned a few days after this happened that the winning bidder was none other than Ted Danson, who played Sam Malone in Cheers, and more recently has won acclaim as the evil Arthur Frobisher on FX’s excellent DAMAGES.

What can I say?  I love his work AND his house.  My search continues.

Do me a favor and be sure to read the first post on this site.  If you think I might want to buy your home, or your friend’s home, whether or not it is currently listed for sale, please shoot me an e-mail and let me know.