Saturday, December 31, 2011

 There's trouble in paradise if one's idea of paradise is the freakishly expensive strip of sand known as Broad Beach in Malibu, CA. Broad Beach has for decades been lined with beach bungalows and ocean front mansions, many owned by rich and famous folks, showbiz executives, and a slew of west coast-based Wall Street types.One of Broad Beach's newest mansions, now just about finished, was built...

Friday, December 30, 2011

SELLER: Marina AbramovićLOCATION: New York City, NYPRICE: $3,495,000SIZE: (approximately) 3,000 square feet, 1 bedroom, 1.5 bathroomsYOUR MAMAS NOTES: 'Tis the end of the year (and a travel day to boot) so much to the chagrin of some, we're sure, Your Mama's gonna to take the low road today and dredge up a wee piece of New York City art world celebrity real estate that we didn't stop to (dis or) discuss...
It is quite common that around this time every December, end of the year recaps in various markets are released. You may hear a top 20 songs on the radio or see lists of best movie releases in 2011 on the television. Whether you care about what comes in at #1 on any list, it serves as a brief snapshot of what was news worthy that year. Here are a few of the more interesting and significant real estate...
Low home prices and mortgage rates have combined to push home affordability to record levels nationwide. Home buyers are taking advantage. The Pending Home Sales Index rose 7 percent in November to rise to its highest level since April 2010, the last month of last year's home buyer tax credit program.  The Pending Home Sales Index is published monthly by the National Association of REALTORS®....

Thursday, December 29, 2011

Received the November report for the Houston apartment complex and it was not good. Occupancy has dropped to 89% with 26 move-outs, 12 of which were without notice. So rent concession costs increased to fill the empty units. Expenses are still going lower, which is a small positive. Some exterior wood replacement needed to be done that cost $31,000 but that was paid directly from the replacement escrow account with our lender, so it did not affect cashflow. The manager's report includes this ominous...
SELLER: Ariel FoxmanLOCATION: New York City, NYPRICE: $949,000SIZE: 1 bedroom, 1 bathroomYOUR MAMAS NOTES: As anyone who knows Your Mama will probably ruefully and woefully attest, we love us a reality television program. We can't help it. So many of them cater to the trailer trash that runs in trace amounts in our decidedly not-blue blood and with this genetic sickness we will test drive just about...
The government confirms what the private-sector Case-Shiller Index reported yesterday. Nationwide, average home values slipped in October. The Federal Home Finance Agency's Home Price Index shows home values down 0.2% on a monthly, seasonally-adjusted basis. October marks just the second time since April that home values fell month-over-month. The Case-Shiller Index 20-City Composite showed values...

Wednesday, December 28, 2011

SELLER: Randy BarbatoLOCATION: Los Angeles, CAPRICE: $1,649,000SIZE: 2,512 square feet, 3 bedrooms, 2.5 bathrooms (plus guest house)YOUR MAMAS NOTES: It was only a few weeks ago alterna-super-producer Fenton Bailey put a $1,649,000 price tag on his historic and nicely provenanced Arts and Crafts bungalow in the Hollywood Heights area of Los Angeles, CA, built in the early 1920s by Hollywood's...

Tuesday, December 27, 2011

SELLER: Tonny SorensenLOCATION: Los Angeles, CAPRICE: $6,900,000SIZE: 4 bedrooms, 5 bathroomsYOUR MAMAS NOTES: Once upon a time, in the not so distant fashion past, every celebrity-oriented blog and gossip glossy regularly featured photographs of Von Dutch trucker hat wearing celebs who included Britney Spears, Justin Timberlake, Gwen Stefani, Nic Cage, Sheryl Crow, Beyoncé, and Ashton Kutcher...

Saturday, December 24, 2011

photo: Your MamaHappy Holidays (Christmas, Hanukkah, Kwanzaa, Las Posadas, Festivus, Whatever) from Your Mama, the Dr. Cooter, our long-bodied bitches Linda and Beverly, and our mean ol' pussy Sugar.Your Mama thought some of the children might need or want a brief escape their familial holiday psychodramas so below are a few links to keep y'all busy and distracted.photo: Villa WorldThe Wall Street...

Friday, December 23, 2011

I wasn't going to write about this, but since it's the holiday season, I figured now would be a good time.About a year ago, I came across Kiva.org, a microlending site. It's similar to Prosper.com in that it works by people lending money to other people. The difference is the other people are in third world countries and are taking small loans to help improve their situation by opening or expanding a business. Kiva charges no fees and 100% of the money you lend goes to the borrower. Like Prosper,...

Thursday, December 22, 2011

BUYER: Rose McGowanLOCATION: Los Angeles, CAPRICE: $1,390,000SIZE: 2,927 square feet, 4 bedrooms, 3 bathrooms YOUR MAMAS NOTES: In mid-August sex-pottish small and silver screen actress Rose McGowan (Red Sonja, Conan the Barbarian, Charmed) charmingly regaled chat show ho-stess Chelsea Handler with her recent and high-larious (if costly) tales of real estate woe.In early 2011 Miss McGowan put her...
SELLERS: Robin Standefer and Stephen AleschLOCATION: New York City, NYPRICE: $3,500,000SIZE: Unknown square footage, 1-2 bedrooms, 1 bathroomYOUR MAMAS NOTES: Listen chickens, not only are we feeling icky with a seriously sour vodka belly we've got various gifts to wrap, holiday bags to pack, an insurance company to argue with, and a couple of pooches to wrangle, not to mention our mean ol' pussy...

Wednesday, December 21, 2011

SELLER: Mark and Alison PincusLOCATION: San Francisco, CAPRICE: $8,900,000SIZE: unknown square footage, 6 bedrooms, 6.5 bathroomsYOUR MAMAS NOTES: Sometime in 2009, the quickly getting wildly and filthy stinking rich Mark Pincus and his online retailing wife Ali(son) were in the real estate mood for something more substantial and much more expensive than the (as of today just about sold) starter crib...
SELLERS: Mark and Alison PincusLOCATION: San Francisco, CAPRICE: $1,970,000SIZE: 2,875 square feet, 3 bedrooms, 3 bathroomsYOUR MAMAS NOTES: Just in case any of the children somehow missed the many discussions in all the other property gossip blogs and websites that previously discussed the following matters...It was already a week ago now that the ever-industrious kids at Curbed in San Francisco...