Jump to content

retromodernjeff

Full Member
  • Posts

    98
  • Joined

  • Last visited

Posts posted by retromodernjeff

  1. Yes they have, its sellers who are always behind the curve when it comes to realizing the selling prices are lower than what they want them to be. The other stats are already proving this out.

  2. Sign of what's coming and well already here. Just saw this listed for auction December 2/08 for $339,500, but shows its worth $185,000. Probably won't even get that. May be a good buy for someone but most likely just as re-muddled on the inside. Look for the Memorial Bend McMansions to be next on the forclosure lists, and all that drops the property values just as quick as they were propped up. The crazy inflated property values are over. Just like California and Nevada, big time double and triple jumps in values are not sustainable. Prices will go back to around -4 or so years.

    The positive twist is that this should effectively kill the McMansion building in MB. Read a great book (Long Beach Architecture) on this very thing happening in Long Beach CA years ago. A downturn saved a whole lot of real architecture and therefore minimized Faux Chateuxs.

    And on that topic, here is a great article on McMansions http://www.theatlantic.com/doc/200803/subprime

  3. This one seems to have gone off the radar now. I don't think there is a sign anymore. Now there is no way this thing sold, based on two reasons, the obvious re-muddle and the completely unrealistic price. Either its rented or look for it to be a foreclosure soon. I think the fate is going the way of that Gessner re-muddle, a house that no wants wants and waiting to be torn down for an empty lot. And they way real estate is going even that will be a very long time.

  4. I think that house is very suitable for a young couple first time purchase that wants to put in 2-3 years of hard work and some money and end up with a really unique home. Then when the market allows move on up to the next.

    I have been there and done that. Its too bad that house was not built with that side load driveway as in the drawings. That kitchen is way cool, and would be very easy to replicate new parts from old that can't be repaired. Plus the fact simple materials were used originally. We had great satisfaction on a couple of our places in Long Beach in restoring all the original Honduran Mahogany wood used throughout.

  5. Yes I know, but when you add up your extra time, mileage and gas expenses it hard to justify it. If you need to drive extra all the time, just kind of calculate that into your mortgage, are you ahead by purchasing there?

    I know the homes north of Bellfort really kick ass, but I really considered this since we had this same senario when we lived in Long Beach and drove out of our neigborhood for everything, that got real tired real fast. If it was just my wife and I, likely we would take a shot in GBV regardless, but with a little one there is so much more to think about.

    I think its a great notion to change a school system but I don't think thats ever going to happen.

    Thats a cool house you bought. We thought about it but could not make the numbers work out, restoration costs vs home value comps

  6. I have done as much research on GBV schools as possible since considering moving into the neigborhood. A great resource for any area is schooldigger.com. What I have found is that the elementary schools are quite badly rated and the privates are not much better. So for us if we purchased in GBV we would have to move as soon as our daughter was ready to go to school. I have also looked into other kid type activites in the area and did not come up with much there either, our little one loves gymnastics and we would have to drive down to Clear Lake area several times a week for that. Whereas other areas of the city that would not be the case.

    Stolitx did give a good tip on a park closeby.

  7. Actually yes, a 50's re-issued pattern formica would be the most unique or terrazzo or slate or concrete or even quartz. As I said granite is the hallmark of the Home Depot style. Check out any flipper / remodel show on TV, its always granite. For that matter throw in commercial grade stainless steel appliances that no one needs or uses. I'll take a 50's Thermador wall oven any day. Once anything is that mainstream the wow/cool style factor is gone, just like power windows / locks on todays cars.

  8. This afternoon I saw an inspector on the roof of the house. Am I correct in assuming that when developers buy a house to tear down they don't spend money on an inspection? I'm hoping this is a good sign.

    Of course this also explains the carpenters on the roof Sunday morning :blink:

    Maybe something was up with the roof. I just checked HAR and it shows back to Active on Market

×
×
  • Create New...