Dr. Housing Bubble 08/11/14

[Crewleader]

Real Homes of Genius: Shopping in SoCal for the smallest possible properties. 400 square feet and 600 square feet in Pasadena.

Do you enjoy sleeping in your closet? Did you ever dream of living in a box similar to your cat or dog squeezing into those tight spaces? Then we have the right homes for you in Pasadena! It is interesting to see how people will justify prices especially on home flipping shows. “I won’t live there but I can see why it makes sense!” “That floor will add $20,000 immediately!” “That tiny bit of work on the lawn suddenly added $25,000 in visual value.” It all makes sense until it doesn’t. For those of us with some life history in California, we realize this is a boom and bust state. Some of you are aware of the Fancy Feast eating baby boomer neighbors who are sitting on a California goldmine but just can’t quit the state. Virtually every other week I’ll get an e-mail about someone spotting a neighbor with so many cars piling up on the outside that you would think they are starting a dealership right on your street. Or what about those broke Millenials and Generation X “kids” moving back home because they can’t even afford the rent? This is the state of the current California housing market. Today I’m going to show you some sub-$500k homes in Pasadena. Sure, you’ll have to forgive the lack of square footage but at least you will be in a prime area!

House hunting for small homes

Pasadena is a heavily targeted area. For those not in the region they may recognize the city for the Rose Bowl and the annual rose parade. Pasadena is old school SoCal. You have some incredibly high priced areas and some gorgeous homes built when quality mattered. These aren’t your crap shack stucco boxes for the inevitable house lusting shopper. Yet these come with a hefty price tag.

So you are looking for something more up in your price range. Sure. I’m going to show you two homes that are priced to move. Hopefully, you don’t mind tiny spaces.


http://www.doctorhousingbubble.com/pasadena-small-homes-real-homes-flips/#more-7607

[obxhead]

1. Insanity

WTF.

[Adsos Letter]

2. My youngest lives in Los Gatos

$2,100 per month for 600 sq ft in an old Victorian that has been turned into apartments.
Yeah, it's nice in Los Gatos, but still...

[dixiegrrrrl]

3. That house, as is, would sell for 30K where I live.

and rent for 600.00.

[dixiegrrrrl]

4. If ya want to see inside this bargain, go here:

http://www.zillow.com/homedetails/170-N-Holliston-Ave-APT-1-Pasadena-CA-91106/20869971_zpid/

I can't quite figure out why they call this a condo, tho.

[Crewleader]

5. Leave it to you looking it up on Zillow :)

Our Detective dixiegrrrrl, you're the best!

[dixiegrrrrl]

6. awwww shucky durn........