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	<title>Comments on: VENICE IS 3rd ON FORBES 10 BEST “SUBURBS” TO SELL A HOME</title>
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	<link>http://www.santamonicapropertyblog.com/?p=569</link>
	<description>Enjoy our ocean breeze. The Santa Monica Property blog is all you need for buying, selling + exchanging real estate in Santa Monica and coastal Los Angeles.</description>
	<pubDate>Wed, 08 Sep 2010 23:14:40 +0000</pubDate>
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		<title>By: Roswell GA Homes for Sale</title>
		<link>http://www.santamonicapropertyblog.com/?p=569#comment-167009</link>
		<dc:creator>Roswell GA Homes for Sale</dc:creator>
		<pubDate>Tue, 22 Jun 2010 11:34:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.santamonicapropertyblog.com/?p=569#comment-167009</guid>
		<description>Gold is expected to skyrocket soon, what impact do you think this will have on housing prices?</description>
		<content:encoded><![CDATA[<p>Gold is expected to skyrocket soon, what impact do you think this will have on housing prices?</p>
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		<title>By: Boston Dawna</title>
		<link>http://www.santamonicapropertyblog.com/?p=569#comment-156431</link>
		<dc:creator>Boston Dawna</dc:creator>
		<pubDate>Sun, 30 May 2010 07:26:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.santamonicapropertyblog.com/?p=569#comment-156431</guid>
		<description>THE FOLLOWING REPORT IS BY BOSTON DAWNA:
 
Ok, I just got home,  it is 3:09 a.m. I just came from all 5 fires. 19Th  20Th,21st, 22ND, and 23rd. I met up with the fire department at about 12:30, they were just putting out the 3rd fire, a laundry room in an apartment building on Pacific &#38;
22nd. I was having a chat about all the fires and they said that they had already put out 2 and this was the 3rd in 5 blocks. 
 
As I stood talking to them they were getting ready to leave  to get a bite to eat and a fireman looked past me and saw smoke coming from the west side of Pacific and 21st. They turned the truck around while the rest of the fireman ran to the alley. I waited for the truck to go by and as they did I saw smoke on 22nd I biked to the
alley and saw another fire, biked back to tell them the carport was on fire.
 
I went back to the building pounded on everyone's door to get out. Thank God everyone woke up and got out safely. The firemen showed up and put it out before the whole building went up. I spoke to the arson guys and we all went looking for the
guy. Didn't know what to look for but we would know him when we saw him. Don't ask how but we knew. 
 
Cops blocked off every street, fire trucks on every block, helicopters flying to search. Arson went north on Speedway I went north on Ocean front walk. Talked to a few transients. A guy on a bike went towards the beach and one went north. I followed the guy going north, the cops got the guy going west. When they caught up with him and question him he tried to blame the fires on some transient who was sleeping. I told them it wasn't the guy sleeping that the one they had in custody is full of crap and something was very fishy. 
 
I went back to see all the fires and make sure everyone was ok. Talking to the neighbors as it turns out the dirtbag they had was at every fire talking badly about the fire dept. He was coughing up information about all the fires near rose, and in Santa Monica. As it turns out he has filed a number of complaints against the fire department. Finding fault with everything they do.  So it looks good that this white guy,  40ish, 5″10',  blond string hair, 160 lbs, all tweaked out on a bike, sorta like Iggy Pop. He talked to all the victims about all the fires as their properties burned,  just may be the arson suspect. Everyone who spoke to him gave their
information to the arson investigator.
 
God I hope this is the suspect. When I went back to make sure everyone was ok or if anyone needed anything, I saw all the damage. It hit me like a lead balloon. I saw burned out garages, cars, carports, laundry rooms and the smell was horrendous. I watched a father holding his baby and neighbors with their pets and belongings. My
heart just sank. What could have happened  I just didn't want to think about it. I spoke to arson investigators one more time thanked all the firemen. There was 2 firefighters sitting on the ground at every scene to protect property waiting for investigators.
 
I got on my bike and slowly went home as to calm down. I have been doing neighborhood watch for almost 39 years. Going out  hiding in bushes watching criminal commit crimes, but I have never ran from fire to fire.I am not really fearful of chasing criminals, but to witness all these fires did scare me.
 
I was disgusted to witness this sick mind  trying to do so much destruction. One step behind him all night but it may be over.  My heart goes out to all the fire victims. Stay safe and watch out for your neighbors. I want to thank all the fire
stations that were on the scene and LAPD for their response.</description>
		<content:encoded><![CDATA[<p>THE FOLLOWING REPORT IS BY BOSTON DAWNA:</p>
<p>Ok, I just got home,  it is 3:09 a.m. I just came from all 5 fires. 19Th  20Th,21st, 22ND, and 23rd. I met up with the fire department at about 12:30, they were just putting out the 3rd fire, a laundry room in an apartment building on Pacific &amp;<br />
22nd. I was having a chat about all the fires and they said that they had already put out 2 and this was the 3rd in 5 blocks. </p>
<p>As I stood talking to them they were getting ready to leave  to get a bite to eat and a fireman looked past me and saw smoke coming from the west side of Pacific and 21st. They turned the truck around while the rest of the fireman ran to the alley. I waited for the truck to go by and as they did I saw smoke on 22nd I biked to the<br />
alley and saw another fire, biked back to tell them the carport was on fire.</p>
<p>I went back to the building pounded on everyone&#8217;s door to get out. Thank God everyone woke up and got out safely. The firemen showed up and put it out before the whole building went up. I spoke to the arson guys and we all went looking for the<br />
guy. Didn&#8217;t know what to look for but we would know him when we saw him. Don&#8217;t ask how but we knew. </p>
<p>Cops blocked off every street, fire trucks on every block, helicopters flying to search. Arson went north on Speedway I went north on Ocean front walk. Talked to a few transients. A guy on a bike went towards the beach and one went north. I followed the guy going north, the cops got the guy going west. When they caught up with him and question him he tried to blame the fires on some transient who was sleeping. I told them it wasn&#8217;t the guy sleeping that the one they had in custody is full of crap and something was very fishy. </p>
<p>I went back to see all the fires and make sure everyone was ok. Talking to the neighbors as it turns out the dirtbag they had was at every fire talking badly about the fire dept. He was coughing up information about all the fires near rose, and in Santa Monica. As it turns out he has filed a number of complaints against the fire department. Finding fault with everything they do.  So it looks good that this white guy,  40ish, 5″10&#8242;,  blond string hair, 160 lbs, all tweaked out on a bike, sorta like Iggy Pop. He talked to all the victims about all the fires as their properties burned,  just may be the arson suspect. Everyone who spoke to him gave their<br />
information to the arson investigator.</p>
<p>God I hope this is the suspect. When I went back to make sure everyone was ok or if anyone needed anything, I saw all the damage. It hit me like a lead balloon. I saw burned out garages, cars, carports, laundry rooms and the smell was horrendous. I watched a father holding his baby and neighbors with their pets and belongings. My<br />
heart just sank. What could have happened  I just didn&#8217;t want to think about it. I spoke to arson investigators one more time thanked all the firemen. There was 2 firefighters sitting on the ground at every scene to protect property waiting for investigators.</p>
<p>I got on my bike and slowly went home as to calm down. I have been doing neighborhood watch for almost 39 years. Going out  hiding in bushes watching criminal commit crimes, but I have never ran from fire to fire.I am not really fearful of chasing criminals, but to witness all these fires did scare me.</p>
<p>I was disgusted to witness this sick mind  trying to do so much destruction. One step behind him all night but it may be over.  My heart goes out to all the fire victims. Stay safe and watch out for your neighbors. I want to thank all the fire<br />
stations that were on the scene and LAPD for their response.</p>
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		<title>By: ArianaNack</title>
		<link>http://www.santamonicapropertyblog.com/?p=569#comment-40517</link>
		<dc:creator>ArianaNack</dc:creator>
		<pubDate>Wed, 13 May 2009 20:48:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.santamonicapropertyblog.com/?p=569#comment-40517</guid>
		<description>I like your post. Good stuff. Keep them coming :)…</description>
		<content:encoded><![CDATA[<p>I like your post. Good stuff. Keep them coming :)…</p>
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		<title>By: FORBES</title>
		<link>http://www.santamonicapropertyblog.com/?p=569#comment-39963</link>
		<dc:creator>FORBES</dc:creator>
		<pubDate>Sat, 09 May 2009 05:20:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.santamonicapropertyblog.com/?p=569#comment-39963</guid>
		<description>You don't have to put credence in the futures market to make a rational decision about whether to rent. Just calculate the earnings yield on a house. Keep renting (or, if you own, sell) if the earnings yield is lower than 3%. Be a buyer if the earnings yield is higher than 4%. In between be influenced by whether you think rental values will hold up over the next decade.</description>
		<content:encoded><![CDATA[<p>You don&#8217;t have to put credence in the futures market to make a rational decision about whether to rent. Just calculate the earnings yield on a house. Keep renting (or, if you own, sell) if the earnings yield is lower than 3%. Be a buyer if the earnings yield is higher than 4%. In between be influenced by whether you think rental values will hold up over the next decade.</p>
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		<title>By: John Walsh</title>
		<link>http://www.santamonicapropertyblog.com/?p=569#comment-32193</link>
		<dc:creator>John Walsh</dc:creator>
		<pubDate>Tue, 07 Apr 2009 05:31:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.santamonicapropertyblog.com/?p=569#comment-32193</guid>
		<description>California million-dollar home sales plunged last year to their lowest level in five years, the result of a bone-dry mortgage market for prestige-home financing, as well as a decline in the value of many homes just over the million-dollar threshold, a real estate information service reported. 

A total of 24,436 Golden State homes sold for a million dollars or more last year. That was down 42.5 percent from 42,506 in 2007. It was the lowest sales count since 20,595 were sold in 2003. In 2006 the $1 million-plus total was 50,010, in 2005 it was 54,773, and in 2004 it was 36,990, according to MDA DataQuick. 

Of last year's sub-$1 million sales, at least 2,052 homes had previously sold for more than a million. One in sixteen homes sold for a million dollars or more last year; the year before it was one in nine. 

"Discretionary spending in the housing market has pretty much been on hold the past fifteen months. The core of last year's distress was clearly in affordable areas that had a lot of turnover in 2005 and 2006. That distress could migrate up the price ladder if this recession proves nasty for high-income households," said John Walsh, DataQuick president. "A lot of home sales in the upper half of the market have been on hold for months, waiting for financing."</description>
		<content:encoded><![CDATA[<p>California million-dollar home sales plunged last year to their lowest level in five years, the result of a bone-dry mortgage market for prestige-home financing, as well as a decline in the value of many homes just over the million-dollar threshold, a real estate information service reported. </p>
<p>A total of 24,436 Golden State homes sold for a million dollars or more last year. That was down 42.5 percent from 42,506 in 2007. It was the lowest sales count since 20,595 were sold in 2003. In 2006 the $1 million-plus total was 50,010, in 2005 it was 54,773, and in 2004 it was 36,990, according to MDA DataQuick. </p>
<p>Of last year&#8217;s sub-$1 million sales, at least 2,052 homes had previously sold for more than a million. One in sixteen homes sold for a million dollars or more last year; the year before it was one in nine. </p>
<p>&#8220;Discretionary spending in the housing market has pretty much been on hold the past fifteen months. The core of last year&#8217;s distress was clearly in affordable areas that had a lot of turnover in 2005 and 2006. That distress could migrate up the price ladder if this recession proves nasty for high-income households,&#8221; said John Walsh, DataQuick president. &#8220;A lot of home sales in the upper half of the market have been on hold for months, waiting for financing.&#8221;</p>
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		<title>By: Pew Internet &#38; American Life Project</title>
		<link>http://www.santamonicapropertyblog.com/?p=569#comment-26776</link>
		<dc:creator>Pew Internet &#38; American Life Project</dc:creator>
		<pubDate>Tue, 10 Mar 2009 02:55:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.santamonicapropertyblog.com/?p=569#comment-26776</guid>
		<description>Pew Internet &#38; American Life Project released a study revealing that 57 percent of 12- to 17-year-olds online – 12 million individuals – are creating content of some sort and posting it to the Web.</description>
		<content:encoded><![CDATA[<p>Pew Internet &amp; American Life Project released a study revealing that 57 percent of 12- to 17-year-olds online – 12 million individuals – are creating content of some sort and posting it to the Web.</p>
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		<title>By: Joel Kotkin</title>
		<link>http://www.santamonicapropertyblog.com/?p=569#comment-25239</link>
		<dc:creator>Joel Kotkin</dc:creator>
		<pubDate>Sat, 28 Feb 2009 01:54:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.santamonicapropertyblog.com/?p=569#comment-25239</guid>
		<description>virtually every major initiative from Villaraigosa has been a dismal failure; from a poorly executed program to plant more trees to a subsidized drive to refashion downtown Los Angeles into a mini-Manhattan. Instead of reforming a generally miserable business climate, Villaraigosa has fixated on fostering "elegant density" through massive new residential construction. This gambit has failed miserably, with downtown property values plunging at least 35% since their peak. Many "luxury" condominiums there, as well as elsewhere in the city, remain largely unoccupied or have turned into rentals.</description>
		<content:encoded><![CDATA[<p>virtually every major initiative from Villaraigosa has been a dismal failure; from a poorly executed program to plant more trees to a subsidized drive to refashion downtown Los Angeles into a mini-Manhattan. Instead of reforming a generally miserable business climate, Villaraigosa has fixated on fostering &#8220;elegant density&#8221; through massive new residential construction. This gambit has failed miserably, with downtown property values plunging at least 35% since their peak. Many &#8220;luxury&#8221; condominiums there, as well as elsewhere in the city, remain largely unoccupied or have turned into rentals.</p>
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		<title>By: Daily Real Estate News</title>
		<link>http://www.santamonicapropertyblog.com/?p=569#comment-20266</link>
		<dc:creator>Daily Real Estate News</dc:creator>
		<pubDate>Wed, 28 Jan 2009 07:30:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.santamonicapropertyblog.com/?p=569#comment-20266</guid>
		<description>Washington, D.C. Tops List for Real Estate Buys 
The nation's capital leapfrogged London this year as the world's best city for real estate investment. With the federal government on a path to grow bigger and increase spending, the new programs will need offices and its employees will need homes.</description>
		<content:encoded><![CDATA[<p>Washington, D.C. Tops List for Real Estate Buys<br />
The nation&#8217;s capital leapfrogged London this year as the world&#8217;s best city for real estate investment. With the federal government on a path to grow bigger and increase spending, the new programs will need offices and its employees will need homes.</p>
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		<title>By: Realtor.com</title>
		<link>http://www.santamonicapropertyblog.com/?p=569#comment-20251</link>
		<dc:creator>Realtor.com</dc:creator>
		<pubDate>Wed, 28 Jan 2009 07:15:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.santamonicapropertyblog.com/?p=569#comment-20251</guid>
		<description>The Los Angeles metro area topped the list of most-searched areas in the U.S. at Realtor.com in December, parent company Move Inc. announced this week.

Chicago was second on the list, followed by the Riverside, Calif.; Phoenix, Detroit; Dallas; Tampa, Fla.; Philadelphia; San Diego, Calif.; and Boston metro areas.

Some of those metro areas have also been hot spots for foreclosure. RealtyTrac, a foreclosure data company, reported that the Riverside metro area had the third-highest rate of foreclosure-related filings in 2008 among metro areas it tracks nationwide, while the Phoenix area was fifth on the list and Detroit placed 10th.</description>
		<content:encoded><![CDATA[<p>The Los Angeles metro area topped the list of most-searched areas in the U.S. at Realtor.com in December, parent company Move Inc. announced this week.</p>
<p>Chicago was second on the list, followed by the Riverside, Calif.; Phoenix, Detroit; Dallas; Tampa, Fla.; Philadelphia; San Diego, Calif.; and Boston metro areas.</p>
<p>Some of those metro areas have also been hot spots for foreclosure. RealtyTrac, a foreclosure data company, reported that the Riverside metro area had the third-highest rate of foreclosure-related filings in 2008 among metro areas it tracks nationwide, while the Phoenix area was fifth on the list and Detroit placed 10th.</p>
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		<title>By: Inman News</title>
		<link>http://www.santamonicapropertyblog.com/?p=569#comment-19461</link>
		<dc:creator>Inman News</dc:creator>
		<pubDate>Fri, 23 Jan 2009 00:51:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.santamonicapropertyblog.com/?p=569#comment-19461</guid>
		<description>As the median sales price in Southern California dropped 34.6 percent between December 2007 and December 2008 -- from $425,000 to $278,000 -- sales in the six-county region jumped 50.5 percent, from 13,240 to 19,926. While the median sales price in the San Francisco Bay Area plummeted 43.8 percent -- from $587,500 to $330,000 -- sales in the nine-county region climbed 36 percent, from 5,065 to 6,889.</description>
		<content:encoded><![CDATA[<p>As the median sales price in Southern California dropped 34.6 percent between December 2007 and December 2008 &#8212; from $425,000 to $278,000 &#8212; sales in the six-county region jumped 50.5 percent, from 13,240 to 19,926. While the median sales price in the San Francisco Bay Area plummeted 43.8 percent &#8212; from $587,500 to $330,000 &#8212; sales in the nine-county region climbed 36 percent, from 5,065 to 6,889.</p>
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