"Real Homes of Genius" -- 588 Square Feet in Compton, $294,000
We often get a laugh out of Dr. Housing Bubble, whose blog is subtitled "How I Learned to Love So Cal and Forget the Housing Bubble."
We particularly like this entry -- in a riff on the hillarious Bud Light ads ("Real Men of Genius"), he gives us "Real Homes of Genius," and spotlights this gem in Compton -- 588 Square Feet of urban glory for less than $300,000!
He points out the house sold for $106,000 in the Summer of 2003, which begs the question: has Compton real estate really tripled in value in four years?
Comments are always welcome. Note to readers: I apologize for a software glitch that has, to my dismay, removed all the paragraph breaks in previous posts. I like to write in paragraphs, but for now the software gods have decided there will be no paragraphs. I'm trying to fix it.
It's official. Housing has peaked.
They're selling garages as homes in Compton for $300K. I'm mortified at the thought.
Posted by: beebs | April 28, 2007 at 03:10 PM
"To beg the question" means "To take for granted the very matter in dispute"; "To avoid answering directly". It does not mean, "to raise the question>" One would think the LA Times knew better.
Posted by: jj | April 29, 2007 at 09:33 AM
Who says there's a housing bubble?
Who says prices are dropping?
Maybe everybody is discovering their money is worthless.
People aren't speculating in real estate, their dumping their dollars.
A 2 bd, 1 ba, 732 sq ft house in Boyle Heights was recently SOLD for $380,000. I don't have a picture of this house of Genius, but take my word for it, it's in the same class as the gem in Compton. Do a little research on Zillow if you want to check on this. It's on Mott Street just south of Cesar Chavez.
Posted by: Richard H | April 29, 2007 at 12:09 PM