Is area too toxic for buyers?

Full story: Daily Breeze

Five years ago Tanya Speiler purchased a house near the ExxonMobil refinery in Torrance with the help of a subprime loan.

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Reality

Bellflower, CA

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#1
Jul 13, 2008
 
Tough luck, I don't have any sympathy for these people.
Neither a borrower nor a lender be.
Mobil Exxon Valdez

Los Angeles, CA

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#2
Jul 13, 2008
 
"Location, Location, Location"
"Buyer Beware"
"Don't by a home next to an oil refinery"
kma

Los Angeles, CA

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#4
Jul 13, 2008
 
Before someone slams me for spelling:
Isn't it nice of the DailyBreeze to give you these addresses?
Common Sense Revisited

Washington, DC

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#5
Jul 13, 2008
 
No offense, but people shouldn't be buying homes with no money down. Frankly, it's "buyer beware" when folks buy homes near industrial areas. Don't buy it if you're going to turn around and complain about the company or facility that was there long before you were. Where's the personal responsibility in this country?

If you can't afford it on your own, don't contribute to the country's credit problems by buying it!
Common Sense Revisited

Washington, DC

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#6
Jul 13, 2008
 
Reality wrote:
Tough luck, I don't have any sympathy for these people.
Neither a borrower nor a lender be.
Amen!
investor

Rancho Palos Verdes, CA

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#7
Jul 13, 2008
 
Lets see if we can get someone in those: "How I made a million buying forclosure properties" classes to make a killing on this. This entire story is all about real estate agents, banks,buyers(speculators), who knew better but went right ahead and closed the deal. Let's just blame it on President Bush.
freddy

Niagara Falls, Canada

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#8
Jul 13, 2008
 
it's time for Exxon to become a wind mill farm. the damage is for decades,not just one house but generations.
Torrance Council

United States

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#9
Jul 13, 2008
 
Gee they don't live by Mobil humm wonder why
Jim

United States

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#10
Jul 13, 2008
 
YAWN.....Reminds of the people who buy next to an airport, and then gripe about the noise....
Joe G

San Ramon, CA

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#11
Jul 14, 2008
 
This makes a good point...'just don't buy a home near a oil refinery'. Still, for those wishing to sell (but can't) I hope Mobil would step up and be a responsible corporate citizen and buy out the homes in question. Simply, close the deal. Look at the city of LA buying up bulk of homes near LAX - that project is HUGE compared to this, a couple dozen homes. Mobil has deep pockets, they can do a better job for Julie and others wishing to leave. They're stuck in trying to sell, and Mobil should help much more. Thanks - JG
VGV

United States

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#12
Jul 14, 2008
 
I love this street. I have been living on the street since I was born (36 years). I wouldn't dream of moving. My family has been living on this street BEFORE the refinery was built. As for these two property owners, LOCATION LOCATION LOCATION. They had a choice, we didn't. They should have used better judgement. I am considering purchasing the property, she was asking for more than the property is worth because she paid more than what it was worth. The contamination is not the problem, the high asking price is the problem.
Wake Up

Beverly Hills, CA

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#14
Jul 14, 2008
 
Yes, VGV you do not want to move now, but what if you did have to move you would not be able to sell it at any price. That is the point here! No one can sell a home on that street.
Why do you not get that point! Your house is worthless, you can not get a new loan, re-fi or sell it to anyone.
Exxon is to blame for the toxic soil and that is what makes the homes worthless.
MCe

Chatsworth, CA

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#15
Jul 14, 2008
 
Greed is good, except when it's bad.(or dumb)
Just me

Carson, CA

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#16
Jul 14, 2008
 
VGV wrote:
I love this street. I have been living on the street since I was born (36 years). I wouldn't dream of moving. My family has been living on this street BEFORE the refinery was built. As for these two property owners, LOCATION LOCATION LOCATION. They had a choice, we didn't. They should have used better judgement. I am considering purchasing the property, she was asking for more than the property is worth because she paid more than what it was worth. The contamination is not the problem, the high asking price is the problem.
It is obvious that the fumes got to you.
Mike

Glendale, AZ

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#17
Jul 14, 2008
 
Californians are all greed.You all part of the problem.
VGV

United States

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#18
Jul 15, 2008
 
Just me wrote:
<quoted text>
It is obvious that the fumes got to you.
What makes you think that?
VGV

United States

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#19
Jul 15, 2008
 
Wake Up wrote:
Yes, VGV you do not want to move now, but what if you did have to move you would not be able to sell it at any price. That is the point here! No one can sell a home on that street.
Why do you not get that point! Your house is worthless, you can not get a new loan, re-fi or sell it to anyone.
Exxon is to blame for the toxic soil and that is what makes the homes worthless.
I did wake up this morning, just like I have for the last 36 years. This is not an isolated incident. These same chemicals have also been found under and around the Torrance Airport and it seems to be spreading. Torrance used to have oil fields throughout the city in the 30's and 40's, so this could happen to many more residents and they don't even know it. It's very clear that YOU don't get my point. It's not about the money or the value of my property. This property is where three generations of my family have been raised. The sentimental value is priceless to me and many others who live on this street and have raised numerous generations here also and feel the same way. If the time comes when it is no longer safe for me to live here, then yes I will move. The residents who were directly affected by this contamination have been relocated to other homes in Torrance, would they do this for me? Don't know, maybe, but it's a risk I'm willing to take.
Its always home

Tucson, AZ

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#20
Jul 15, 2008
 
VGV I agree with you 100%.Homes where located on this street before the refinery. My family has lived here since my Great Grandfathers time. People like Speiler and Nixon find it easy to leave they have no family ties or history on this street. But people like myself and VGV have watched our family grow here and have grown up here ourselves walking away isn’t an option for us Exxon mobil needs to be the one relocating. I mean the Torrance Community has a refinery in its “backyard” for goodness sakes there’s no reason for gas to be almost $5 a gallon. I now live 500 miles away and my gas is 3.50 at the max. I say if mobil doesn’t want to take responsibility they can get the h3ll on and be the ones that have to leave! Sorry for the bad grammar. And yes I said leaving is not an option for us even though I no longer live on this street. To me my home will always be with my mom and dad on Del Amo Blvd and one day I will be back raising my family there.
Cal

United States

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#21
Jul 16, 2008
 
Mike wrote:
Californians are all greed.You all part of the problem.
Your comments proves your a dumb a**. You can't type proper sentences.
TERRI

Bellflower, CA

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#24
Jul 16, 2008
 
Its always home wrote:
VGV I agree with you 100%.Homes where located on this street before the refinery. My family has lived here since my Great Grandfathers time. People like Spieler and Nixon find it easy to leave they have no family ties or history on this street. But people like myself and VGV have watched our family grow here and have grown up here ourselves walking away isn't an option for us Exxon Mobil needs to be the one relocating. I mean the Torrance Community has a refinery in its backyard for goodness sakes there's no reason for gas to be almost $5 a gallon. I now live 500 miles away and my gas is 3.50 at the max. I say if Mobil doesn't want to take responsibility they can get the h3ll on and be the ones that have to leave! Sorry for the bad grammar. And yes I said leaving is not an option for us even though I no longer live on this street. To me my home will always be with my mom and dad on Del Amo Blvd and one day I will be back raising my family there.
Good Luck ! I hope you will be able to raise your family where you are most comfortable.

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