Zeev's Turnips Patch-No Politics (ZEEV)

[BuzzOnDaBeach]

I went upside down in my first socal house buying in 90. In 94 it was worth about 70% of what I paid for it, so I've been on the wrong side of a bubble burst, and that was at much higher interest rates on an arm that I think peaked around 11%. That's why I've gone to cash, and the buyer agreed to a 1 year leaseback cause they weren't buying it to move in. Very fortunate situation.

However, I got 1.2 mil for a friggin 2950 sq ft home on 11K sq ft. lot. What the buyer wants to do is divide into 2 lots and overbuild, the trend in so cal.

Buzz