House Hunters: Buying in the USA - House Hunters [V]

What was up with that wife constantly saying "Americana"? Found it annoying. The first house that was well below the budget. I highly doubt it would have sold for that amount. I'm guessing it was priced low to drive up the price and that it would sell for well over asking. That's what has

What was up with that wife constantly saying "Americana"? Found it annoying.

The first house that was well below the budget. I highly doubt it would have sold for that amount. I'm guessing it was priced low to drive up the price and that it would sell for well over asking. That's what has happened with many homes in LA lately and Studio City at that price doesn't jive. I feel like if it was the House Hunters Renovation edition, we'd have found out how they spent $75-100k over asking after a bidding war and still have $100k worth of work to do and all told, they'd be pushing their $950k budget.

Though I laugh all the time at these so-called rolled into one budgets. Your mortgage approval doesn't include renovations, that's a separate loan if you apply for one, so it's not even necessarily conceivable for many to fill in these extra budgets they claim to have. Buying a place for $700k financed and using $100k of personal savings or a separate loan, typically at a higher rate, isn't the same as a $800k mortgage. Really wished they would explain that on a few of these shows, not just House Hunters.

Anyway, I liked the place they chose. Woodland Hills is great area and it's a popular area for many who work in the industry, I'm sure she's found co-workers living nearby and it's not nearly as far out as she was thinking even though the commute is a bit longer, but Woodland Hills is not far from Sherman Oaks, so not too far from where they were looking even though it may have seemed like it on the show. That's also not a super long commute in LA, just a decent one, not a killer one at all.

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