What kind of market is it when I think that two modest working class bungalows anywhere are worth three-quarters of a million dollars? I'm sure Gus would have a fit if he knew that it'd take a DINK lifestyle where both partners are brain surgeons to afford one of his houses today. But who am I to complain - I've been waxing poetic about 3/4 million dollar bungalows right here for months. Is there any such thing as inherent value, or is a good deal or the right price solely defined by market demand alone? from Craigslist:
Los Angeles - Rose Park: A Must see! Charming California bungalows, in the Rose Park historical area. 2 on 1 lot plus a studio unit. Manicured landscaping, quite neighborhood. Front unit spacious 3Bd/1 bath, beautiful hardwood floors throughout, upgraded kitchen and bath and back patio. The back house 1Bd/1 bath, hardwood floors, back yard, laundry hookups in both units. Garage, extended driveway. Good for owner occupy and/or rentals. Call agent for the info on studio. Please do not disturb tenants.