Well, chitlins, I showed this house in La Crescenta on Wednesday:
2851 Fairmount, La Crescenta
This is an REO with 3 bedrooms, 2 baths, den, pool located above Foothill Blvd. The kicker is the list price – $429,900 **DEAL ALERT** But don’t get your hopes up. As of Thursday morning there are so many offers, the bank refuses to see anymore. They are negotiating with tow of the offers in hand.
Since the stock market stinks as a place to invest, do you think people are starting to think of Real Estate as the safer investment? Do you?
On a completely different note I picked up this story for Tropico Station: Dog Sledding In Glendale Real dogsleds and real sled dogs are on hand at the Central Library for a demonstration on Saturday. How cool is that?!
Kendyl Young
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I think that the stock market is a good place to invest since it’s bargain priced. What you do is cherry pick strong companies and hold on to them long term. It’s also good time to invest in real estate but only from areas that have seen considerable depreciation. I’d recommend northwest San Fernando valley, areas like North Hills, Granada Hills, Northridge, Porter Ranch. Not only have these areas seen considerable drop in prices, but, they also tend to have fresher homes compared to say Burbank, Glendale, Pasadena. I’d still pick to live in Glendale but that’s strictly for personal reasons and not an investment decision.