A lull at L.A. Land

A quick note: I'm taking a short vacation, no blogging until Monday. No, I will not be staying at the house pictured above. That's Lenny "Nails" Dykstra's Lake Sherwood home, which the former baseball star has listed for $24.9 million.

Photo Credit: Sheila Cooper

Comments

[Fred]

Enjoy your mini-vaca. Any bets on how much the median asking price will drop by this week? I bet Monday's data will show a 7k decrease in the 50% percentile. 10k in the 75%.

[Anon.]

Nooooooo!!!

Beautiful home.

[Laura in L.A.]

You're a hard-working blogger, Peter, so I guess you deserve a little break! Don't make this a habit, though...

Just kidding! Have fun!

[Ragnar]

Peter -

Hope you and the fam get some much needed R&R. Don't take too many pictures of crazy high gas station price signs while you are away. :)

[Jazzman]

Peter, take a good much earned break. We thought that was your house, and we were being invited for a few shrimps on the barby.

[356man]

Enjoy the long weekend, Peter. Thanks for reminding me why sports tickets cost what they do. Any chance of getting a shot of the garage?

[CD]

Did you hire a Baby Sitter to take care of us ? Are you going to leave us home alone.???? What are we going to do, the stock market is down 300 points, oil is up and you leave?
Hope you have fun, you deserve it.

[LA]

Okay, you've earned it, Peter. Have a great time, relax, and when you come back, let's have a thread about lending institutions and the increasing weight of shadow inventory.

Would love to hear if any banks have contingency plans for dealing with unprecedented numbers of vacant residential properties. Even if no money is spent on upkeep - which creates code enforcement issues for cities - there will be property taxes and other expenses on all these non-performing assets. So do banks get into the rental business? Or will they break through the denial and flood the market with discounted real estate? There is just no way that banks can sustain large inventories over the long term.

But I digress. Have a great weekend!

[WatchingInMalibu]

Wow, he's asking $24m? This used to be Wayne Gretsky's house, and I believe he sold it to Dykstra for $18.5m or so about a year ago. It'll be interesting to see if the Westlake Village high end is going to support a 25% increase in a year when prices are heading south.

[Laker]

AS Laura in L.A. said, you deserve a vacation. Have Fun.
Come back with more energy and joy to handle the upcoming freefall.
But of most, thank you for allowing our voice to be heard...We need more people like you.

[Cassiopoea]

You definitely deserve a break!!! Thank you for all that you do. Maybe not having your blog to look forward to will make it easier for me to step away from the computer, too! :-)

See ya at the beach (along with 1 million other Angelenos... after all, isn't that why we pay a premium to live here?).

[Peter]

Where you off to ? Canada to check out job opportunities and real estate prices?
We got your # !!
Have fun, say hi to the Kanooks and tell em to leave the light on for us..

[auctionoramma]

Peter -

Take it easy man. Thanks for all your hard work! You have helped all the renters "keep the faith" that they will be able to buy once prices come down. You have created more than a blog - it's a source of calm in our lives and assures us that everything will be OK!

You da man!

[E]

What in Hades do you think you're doing Mr. Viles?

Taking a vacation?!?!

Where do you think you are?

Europe?

Now get back to your desk and get those fingers flying!

[xtine]

Need. Fix. Now.

[Brazil Property]

HI

It is a really beautiful home.

[Rich]

Gotta be one of the most tasteful homes in America, at least from the outside. Pure American neo-Georgian and the footprint looks like it was loosely based on Jefferson's Monticello. The palms are a nice California touch to the landscaping...