LA Connection Property Blog: July 2008

Apple iPhone - Am I missing something?

I'm a big fan of Apple - but there's something I don't understand.

Apple's released their new iPhone 3G which is available in 8GB and 16GB Models, and sells for $199 and $299 respectively. (Subject to a 2 year AT&T service contract).

People are paying between $300 and $400 for the older used iPhones. (Have you seen the ads on Craigslist?) What I don't understand is why AT&T customers don't simply buy the new iPhone for $199 instead of $300-$400 for the old phone. And even if a cell phone user needs to pay $200 to terminate their existing account and switch to AT&T, why are they buying the old phones?

For $399 they could have an AT&T account and enjoy all the extra applications. So am I missing something?

Apple iPhone - Am I missing something?
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I'm a big fan of Apple - but there's something I don't understand. Apple's released their new iPhone 3G which is available in 8GB and 16GB Models, and sells for $199 and $299 respectively. (Subject to a 2 year AT&T service contract). … more
Merrill Lynch sells huge Mortgage Portfolio for Substantial Loss
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On Monday this week, Merrill Lynch sold a $30. 6 billion portfolio of mortgage debt for 22 cents on the dollar. The portfolio was sold to the Lone Star Funds a Dallas-based investor. The deal will make you shake your head and wonder what… more
Los Angeles rattled by 5. 8 magnitude Earthquake
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West Hollywood - Tuesday 11: 50am Everything around me started swaying and the building was shaking. The was a rolling sensation, much like standing on deck of a ship in the middle of the ocean. The earthquake occurred 7. 6 miles deep in… more
A Double-shot of Espresso for Starbucks - Sorbetto and Vivanno.
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As has been widely publicized, Starbucks is undergoing some big changes. This is all part of Howard Schulz's strategy to make starbucks the "Wall Street" winner it was in the past. For starters Starbucks is closing a few hundred of… more
"Cuil" - A new Search Engine meant to rival Google
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"The Internet is getting bigger and more disorganized every day". "Cuil's goal is to solve the two great problems of search: how to index the whole Internet-not just part of it-and how to analyze and sort out its pages so you… more
"Flipping Out"'s Jeff Lewis must have flipped out now that…
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Jeff Lewis on Flipping Out… Like one who reluctantly watches an accident, I occassionaly watch "Flipping Out" on Bravo TV. "Flipping Out" features a mean spirited, obsessive-compulsive house-flipper, Jeff… more
Zillow's Zestimates - Dealing with Incorrect Comps
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As more and more Buyers and Sellers use the interenet to research their decision to buy or sell property, online sites are claiming to provide useable statistics for consumers. My gripe is with Zillow which provides Zestimates for properties… more
Tesla - The Ultimate Electric Car
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Tesla - Now in production, the ultimate electric car is available for order. With the urgent focus on reducing our dependance on foreign oil, this technology is more relevant than ever before. 100% Electric / 0-60 mph in 3. 9 seconds and… more
Candy Spelling's Condo - Record-breaking $47 Million paid for a Los…
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Candy Spelling, widow of TV mogul Aaron Spelling, has purchased the top two floors of a new condo development in Century City, Los Angeles for an astounding $47 Million. The 16, 500-sq. -ft. penthouse is on the top floor of a residential tower.. more
The Answer to the Energy Crisis may be in the Wind
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Legendary oil tycoon T. Boone Pickens promoting his new cause - using American wind to alleviate the nation's energy crisis and wean itself from dependency on foreign oil. Pickens' plan calls for investing in enough wind turbines to provide… more