Sunday, October 23, 2016

Mountain lion still at home in Los Feliz; Boyle Heights man shot by police identified; Echo Park flipper seeking $240k mark up

Arroyo Seco | Ryan Schude/Instagram

Arroyo Seco | Ryan Schude/Instagram

MOrning Report

  • A 150-pound mountain lion is taking its time leaving the crawl space underneath a Los Feliz home. KTLA
  • The murder suspect who was shot and killed by police last week in Boyle Heights has been identified as 39-year-old Roberto Rodriguez. L.A. Times
  • An Echo Park house flipper that purchased a three-bedroom home for $660,000 in March now wants $899,000 for the same property. Curbed L.A.

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  1. The flipper will be criticized as “greedy”. He’s not. He took a beat-up house, made it look beautiful, and spent his time and risked his money to make it worth more than it was in the past. Have you ever noticed that “greed” is “profit” made by 1) a stranger, or 2) someone you don’t like?

    • When the market turns south (when not if), it’s going to be fun watching these greedy flippers get Cornholed.

    • I’m sorry but It is greed. Any house flipper would know the consequences associated with this business. You should NEVER spend more on flipping than what the current house value is for that neighborhood. If he spent too much money flipping then that’s on him.

      • Well J.R., I’ll bet he knows more about the business than you, so if I were your teacher, I would give you an F for lack of analysis. I am sure he will make a profit, as he should, and as was his intent, just as anyone would.

        • What ? Are you on dope? That’s exactly what I was implying, that the flipper better have good business sense. I didn’t say that I know more.

  2. I would hate having to walk up all those stairs daily though. It’s a good workout and all, but it would get annoying every time you left something in your car.

  3. The name of that area of Echo Park is not Elysian Hills, but Elysian Heights.
    It contains the northern most hills of EP, bordering Elysian Park to the East.

  4. This is around the corner from my house. Narrow street, limited parking. Certainly ritzier than anything else on the block. Anyone with dough like this to drop: ha! Sucker.

  5. Looks like there are going to be permit problems with it. No permit pulled on the new deck which is made out of class c rated material in a high fire hazard zone and a guardrail that looks about 6″ too short.

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