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Message Subject "Escape from Los Angeles"-A Massive List of Hollywood Elite Selling Homes and Fleeing California (update: just listed) and more....
Poster Handle .:*Buttercup*:.
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Hi, OP --

1. Do you personally sell multi-million dollar homes? In other words, how were you made aware of this trend?
2. What is the "for sale" percentage for existing high dollar homes, and is this apparent high sales rate just for those, or is there an increase in middle-income homes, also, in L.A.?
2. What is your "take" on the reason(s) for this?

Thanks!

(BTW, I live in a middle class suburb in Denver, and houses in my neighborhood have usually sold within two weeks after being put up for sale. I have read that there hasn't been such a low inventory of homes for sale in the Denver area since the 80's!)
 Quoting: Anonymous Coward 38021489


i've lived in la for 40+ years in several different locations,
and i noticed just this year, the MASSIVE amount of for sale signs littering malibu, beverly hills, and other "affluent" areas of la. i live in a middle class suburb and houses have been dramatically reduced in my area too, and the homes stay on the market for a very,very long time. i have realestate agent friends who haven't sold anything in the last 4 years.
it seems people are either "ok,holding on getting by" or desperate to sell. but nobody is making money anymore buying or selling houses anymore.
the mansions are cheap, but the smaller homes are still pretty expensive. prices are all over the place, people are panicing.
for example, in beverly hills there is a star's mansion that was worth 7mil, now selling for 2.5m, and on the same street there is a dinky 2 bed/1bath selling for 3mil.
people are insane.
 
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