Asked by Jan, 90404 • Tue Feb 5, 2008
Yet one more example of the unrealisti$c greed of sellers who bought at the top of the market. This guy paid ca. 1.8 mil. in 2005 and thinks his prop is now worth 3 mil--less than two years later. Dream on. Prices are down and going much lower. And there's the nightmare issue of Santa Monica rent control.
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