Real Estate Crash thread

[glademaster]

Not to mention the bungy cord action. Of course hitting the side of the cliff would be an issue.

Yeah, but at least you would be at a house with a street address so you could call regular old 911, and not have to put additional strain on SAR groups who are dealing with idiots doing the same thing in more remote locales.

[Ted Striker]

Perfect option for someone looking to down size.

https://www.redfin.com/OR/Bend/63270...9uX251bWJlcj0w

Hmmm, the fish aren't biting... I guess I'll just wait

[Benny Profane]

Teardown in 3-2-1...

[AdironRider]

1.8 mill for a tarted up double wide? Hard pass.

[Toadman]

Teardown in 3-2-1...

That was my first thought. But at $1.85 million, that's an expensive tear down. Wishful thinking on the owners part, but WTH, might as well go big.

[Ted Striker]

It's a 'waiting for the right fool' listing. Here's one in my town: https://www.redfin.com/WA/Bellingham...home/110132178

He's been trying to sell it for as long as I can remember.

[glademaster]

Wow, and those folks in Bend had the balls to start that place at $2.15 million. I bet they bought that place for <$500,000 and have hardly put any money into it.

It's too expensive to be a tear-down with what bare land goes for in that area, and with construction costs being what they are today; it's just a ripoff.

[Toadman]

It's a 'waiting for the right fool' listing. Here's one in my town: https://www.redfin.com/WA/Bellingham...home/110132178

He's been trying to sell it for as long as I can remember.

Does the cow come with the home purchase?

[glademaster]

It's a 'waiting for the right fool' listing. Here's one in my town: https://www.redfin.com/WA/Bellingham...home/110132178

He's been trying to sell it for as long as I can remember.

I see your kooky, overpriced house, and raise you: https://www.zillow.com/homedetails/1...49691481_zpid/

[Toadman]

Wow, and those folks in Bend had the balls to start that place at $2.15 million. I bet they bought that place for <$500,000 and have hardly put any money into it.

It's too expensive to be a tear-down with what bare land goes for in that area, and with construction costs being what they are today; it's just a ripoff.

Yep. New lots coming on the market that are about 10k sq feet in NW Bend with views looking out to the Cascades are going for $425k. I know a few people that were able to buy lots because they have ties to the RE Agency handling the sales, and they were able to get in for $325k with putting down a refundable deposit about a year ago. They just made $100k in 12 months if they decide not to build. Probably when phase 1 kicks off next spring, the lots in prime West facing locations on the ridge above Shevlin park will be going for closer to $500k.

Lumber ain't getting any cheaper, just keeps going up and up.

https://finance.yahoo.com/quote/LBS%3DF?p=LBS%3DF

So, why buy this way over priced fixer upper or tear down? Some people have unrealistic expectations.

[Toadman]

I see your kooky, overpriced house, and raise you: https://www.zillow.com/homedetails/1...49691481_zpid/

Damn! Not even a pool or a pond. A pond would be good for me though.

[glademaster]

Damn! Not even a pool or a pond. A pond would be good for me though.

But the property tax bill is $4000/year less than what my parents pay on a house in NJ that they just sold for ~$550k. So it has that going for it, which is nice.

[jackstraw]

Does the cow come with the home purchase?

This one has cows.


https://www.redfin.com/NH/North-Hamp.../home/87968386

[Hopeless Sinner]

1.8 mill for a tarted up double wide? Hard pass.

It's 3+ acres on the river, the existing structures are just a distraction.


The double wide becomes the "smoke house" and "grow room" and then a really nice house where the garage sits now.

[AdironRider]

This one has cows.

https://www.redfin.com/NH/North-Hamp.../home/87968386

Oh this place is tied to the fraudulent Kentucky Derby winner from back in the day.

https://en.wikipedia.org/wiki/Dancer%27s_Image

Other neighboring property with the stable also for sale.

https://www.sothebysrealty.com/eng/s...mpton-nh-03862

[jackstraw]

Oh this place is tied to the fraudulent Kentucky Derby winner from back in the day.

https://en.wikipedia.org/wiki/Dancer%27s_Image

Other neighboring property with the stable also for sale.

https://www.sothebysrealty.com/eng/s...mpton-nh-03862

It's all the same. Owned by the same person. Self-made dude and a good guy. His son was a pro freestyle skier btw.

[Ted Striker]

Does the cow come with the home purchase?

Everything's negotiable.

[AdironRider]

I always remember driving by that place growing up on the way to the beach. Always seemed like a ticky tack "fraud" allegation to me.

The location is pretty stellar. Greenheads are probably ridiculous. Lop off a mill just for that though.

[Ted Striker]

I see your kooky, overpriced house, and raise you: https://www.zillow.com/homedetails/1...49691481_zpid/

aka Tacky Manor

[Skistack]

I see your kooky, overpriced house, and raise you: https://www.zillow.com/homedetails/1...49691481_zpid/

The price must include all that crappy art.


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[sirbumpsalot]

The price must include all that crappy art.


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There is another one for sale down the street....whats up with the wedding picture?

https://www.zillow.com/homedetails/5...6588808_zpid/?

[jackstraw]

I always remember driving by that place growing up on the way to the beach. Always seemed like a ticky tack "fraud" allegation to me.

The location is pretty stellar. Greenheads are probably ridiculous. Lop off a mill just for that though.

Yeah, old man Fuller let it go to shit. The new owner brought everything up to snuff. The barn is awesome inside and the old barn office is untouched with all the Dancers Image archives.

[Ted Striker]

Damn! Not even a pool or a pond. A pond would be good for me though.

There is a pool. Pics 68 through 72. And it's just as "fabulous" as you'd expect.

[glademaster]

There is another one for sale down the street....whats up with the wedding picture?

https://www.zillow.com/homedetails/5...6588808_zpid/?

The "Redstone Castle" is actually a gigantic, historic manor that dates back to the turn of the twentieth century. That place is kind of worth $16.9 million. I believe it is zoned to allow for commercial uses, and was a pretty popular spot as a wedding venue around here if you had the cashish. There's even an abandoned ski area on the property.

The ridiculously gaudy place for $21.5 million was built in 1999 by utterly tasteless people and is just a single family home.

I live about 3 miles from both of those places.

[sirbumpsalot]

The "Redstone Castle" is actually a gigantic, historic manor that dates back to the turn of the twentieth century. That place is kind of worth $16.9 million. I believe it is zoned to allow for commercial uses, and was a pretty popular spot as a wedding venue around here if you had the cashish. There's even an abandoned ski area on the property.

The ridiculously gaudy place for $21.5 million was built in 1999 by utterly tasteless people and is just a single family home.

I live about 3 miles from both of those places.

Interesting area. Never been down that road...seems like a lot of money in that town.