Real Estate in your city

[lio45]

Originally Posted by streetscaper

What is the type of work the buyer would have to do if they get rid of their own agent and only deal with the seller's agent, themselves

"His homework", basically. Which, if you know what you're doing, isn't much effort.

[Altoic]

Nearly 20,000 people register to live at 113-unit Hollywood affordable housing complex
Read more at: https://www.miamiherald.com/news/loc...#storylink=cpy

In one week’s time, nearly 20,000 people have applied for a lottery to fill a 113-unit affordable housing development in Hollywood, underscoring the need for affordable housing in South Florida. That number astounded Timothy Wheat, partner at Pinnacle, the developer behind Pinnacle 441, a property at the intersection of Johnson Street and State Road 7, south of the Seminole Hard Rock Hotel and Casino, that will provide affordable housing to households earning 60% or less of the area median income. “We’re at a crisis level, perhaps the likes of which we’ve never seen — a crisis of affordability,” Wheat told the Miami Herald.

“I’m alarmed at what this says about how dire the need for affordable housing is,” he said. “I’m still stunned by the fact that we’ll probably have to sit through a 20,000-person list when we randomize this. … I’m just stunned by the notion there’ll be, you know, 19,887 unhappy people. I’m still wrapping my own brain around that.”

[sopas ej]

I love this house.

Craig Ellwood’s Revamped Casa Kuderna Is Up for Grabs in L.A. at $5.5 Million


Gavin Cater

By WENDY BOWMAN
APRIL 18, 2024

Though Craig Ellwood is probably best remembered for designing a three-part series of homes for Arts & Architecture magazine’s pioneering Case Study House Program, the self-taught California architect also crafted many other equally impressive midcentury-modern residences in the Los Angeles area from the early 1950s to mid-’70s; and one of these “exquisite boxes” just hit the market in Hollywood Hills, asking a smidge under $5.5 million.

Tucked away down a private street, amid two gated hillside parcels spanning almost three-quarters of an acre, the minimal steel-framed and glass structure is described in the listing held by Elizabeth Donovan of Coldwell Banker Realty as “an unparalleled masterpiece offering seclusion and tranquility.” Commissioned and built in 1956 for corporate illustrator Charles Kuderna—and aptly known as “Casa Kuderna”—the place was last sold to its current owners for $1.8 million in 2018, and then underwent a thoughtful renovation and restoration at the hands of Philippe Naouri of Maison d’Artiste using the archives of Jim Tyler, the architect who worked with Ellwood on the original house.


A one-bedroom guesthouse with its own kitchenette and bath rests atop the two-vehicle carport.
GAVIN CATER

[...]


The living room is highlighted by an original brick fireplace and walls of glass opening to a central courtyard.
GAVIN CATER

[sopas ej]

From Robb Report:

Matt Damon Just Snagged an $8 Million L.A. Condo

The fourth-floor unit lies at West Hollywood's new 8899 Beverly building, one of SoCal's most lavish new residential developments.

By JAMES MCCLAIN


Getty Images

Last fall, powerful Comcast CEO Brian Roberts shelled out nearly $9 million for a fifth-floor unit at 8899 Beverly, one of L.A.’s newest and most luxurious condo buildings. Now an arguably even bigger name has followed suit—records indicate an $8.6 million, fourth-floor unit at the same building was recently acquired by actor Matt Damon.

The condo in question is a notably lavish pied-a-terre ideal for an out-of-state resident who occasionally works in Tinseltown, offering two bedrooms and two bathrooms in just under 2,900 square feet of living space. Brand new and first offered last summer at nearly $9 million, the residence offers walls of glass and north-facing views of the Hollywood Hills from nearly every year.

Chief among the unit’s amenities is a 1,600-square-foot private outdoor terrace, which the listing notes is one of “the grandest and most expansive outdoor spaces available in the building.” Other bespoke touches include a handcrafted leather door handle leading to the gourmet kitchen, which offers top-of-the-line Sub-Zero, Miele and Gagganeau appliances. The primary bedroom suite, flaunting unobstructed views of the entirety of the Hollywood Hills, also includes dual walk-in closets and a lavish bathroom.


Damon’s new residence is one of 40 ultra-luxe condos at the 8899 Beverly development.
Getty Images

[...]

[benp]

Originally Posted by Altoic

Nearly 20,000 people register to live at 113-unit Hollywood affordable housing complex
Read more at: https://www.miamiherald.com/news/loc...#storylink=cpy

Quote:
In one week’s time, nearly 20,000 people have applied for a lottery to fill a 113-unit affordable housing development in Hollywood, underscoring the need for affordable housing in South Florida. That number astounded Timothy Wheat, partner at Pinnacle, the developer behind Pinnacle 441, a property at the intersection of Johnson Street and State Road 7, south of the Seminole Hard Rock Hotel and Casino, that will provide affordable housing to households earning 60% or less of the area median income. “We’re at a crisis level, perhaps the likes of which we’ve never seen — a crisis of affordability,” Wheat told the Miami Herald.

I have a disabled senior relative in Miami that just recently applied for a lottery to be selected to join the Section 8 waiting list and received a rejection letter last week (boldface added):

On March 18, 2024, PHCD conducted in a public environment the electronic random selection process of the over 132,000 applications received during the open registration period. 5,000 applications were randomly selected for placement on the 2024 Section 8 HCV Program waiting list, and each of these selected applications was assigned a ranking number.

This is to inform you that your application was not selected for placement on the Section 8 HCV Program waiting list.

Chances are the vast majority approved to be on the waiting list still will not be matched with a home anytime in the next 2 or 3 years.

They also just applied for the Hialeah voucher lottery, which will wean down to 1000 on their waiting list. The other day over 5000 people were in line at the library attempting to register in-person, and when trying to apply on line there was a queue of over 6000 on-hold just to get to the point on the site allowing you to submit an application. The last open registration in Hialeah was around 2021, when over 50,000 applied.

Florida, particularly Miami, has a problem.

[jmecklenborg]

Originally Posted by benp

Florida, particularly Miami, has a problem.

No doubt a ton of applicants for these things either a)don't qualify or b)purposefully keep their income low or otherwise exaggerate their inability to work in order to...get a cheap or free place to live.

Way back I was awarded a first-time homebuyer grant but was almost disqualified because my second job put my income over the program's limit. I quit working the part-time job in mid-November and missed out on about $3,000 in income in order to qualify for the $15,000 award.

[benp]

Originally Posted by jmecklenborg

No doubt a ton of applicants for these things either a)don't qualify or b)purposefully keep their income low or otherwise exaggerate their inability to work in order to...get a cheap or free place to live.

Way back I was awarded a first-time homebuyer grant but was almost disqualified because my second job put my income over the program's limit. I quit working the part-time job in mid-November and missed out on about $3,000 in income in order to qualify for the $15,000 award.

Even if half the people are not qualified, that's still means 93% of the applicants won't even get on a waiting list, let alone find an affordable place to live. And, these numbers represent households, not people, so the number of people affected is at least doubled or triple the number of applications.

[3rd&Brown]

Originally Posted by jmecklenborg

No doubt a ton of applicants for these things either a)don't qualify or b)purposefully keep their income low or otherwise exaggerate their inability to work in order to...get a cheap or free place to live.

Way back I was awarded a first-time homebuyer grant but was almost disqualified because my second job put my income over the program's limit. I quit working the part-time job in mid-November and missed out on about $3,000 in income in order to qualify for the $15,000 award.

You are the most cynical person on this board by a mile. Have you seen the rent versus income statistics for Miami? They're insane.

I'm not surprised by any of these, even if 10% of the people are attempting to "game" the system.