clock menu more-arrow no yes mobile

Filed under:

Ask Curbed: Who is Buying In This Market? This Guy

New, 63 comments

Two "Ask Curbed" queries hit the InBox this week and since they may just cancel each other out, both are being posted. All that's missing now? A response from someone who is selling. Reader #1: "Who is buying right now, Curbed? Frankly my husband and I are on the outside of being able to buy, we might be able to if the market came down some. And that is a big IF? but I am curious...I have asked many of my friends and no one knows anyone who has bought within the last 18 months."

And a house hunter who isn't having any luck. Reader #2: "I am moving to LA and I was just in town for a week putting offers on three properties and getting DENIED. I considered my offers fair...I'm joking that on my next trip I'm going to ride around on a bike with a bell and a shirt that says "Sell me your house for $1.5 million - cash buyer."
One [of the listings I looked at] was above what the buyer had paid a year ago and he had done little but paint. I sold my house for a little loss (owned it 3 years) and now am looking to rent because it doesn't seem the sellers in LA have figured out that there are few buyers and fewer with financing. I'm looking for a single family home or a town home that feels like a single family in the 90049-90403 corridor south of sunset / north of Wilshire. There is little on the market so that's why the sellers are hold outs. Any advice? I know there's got to be someone who wants to sell for a reasonable price. I just don't know how to find them! I put an ad in craigslist and actually got a couple bites."