04/28/2005: Speaking of cognitive dissonance....
Dr. Dan Brockmeier, an old HS buddy of mine (who appears to be getting into real estate and home ownership in his old age), forwarded this to me:
A California "fixer upper".
See the listing price. Then look at the pictures.
I'm just about ready to conclude that this is a joke, or if not a joke then the listing price is more a reflection of the value of the land, and that the "building" on the lot will probably be torn down and something more palatial will go up in its place.
Anyone familiar with this area that can tell me what's the most likely explanation for the seeming disconnect between the listing price and the condition of the building here? Or is this a realistic example of what California real estate sells for?
UPDATE: An inquiry on a mailing list I "own" (i.e., I have the thankless job of administering it) with a fair number of SoCal residents garnered a number of answers, with this one being (IMHO) the last word on the subject:
This from somebody who lives in West Hills:> Actually, that's cheap! Obviously, you're just buying the property. Box
> canyon is a fairly exclusive neighborhood with a guard gate! Most homes are
> well into the millions in that area. I'm surprised the neighbors haven't
> taken up a collection and bulldozed it!
Len on 04.28.05 @ 05:42 PM CST