Big Homes Are Back in Business - Yahoo! Finance

The thought of vacuuming 3000 sq ft makes me cringe and withdraw into a foetal position. As does yard work as a mandatory chore to avoid fines. I'll keep my 400 sq ft apartment, near a beautiful park, in a building with quality construction (it's been standing for 100+ years) thank you. Married? There are some damn nice apartments in the Columbia Uni area (Claremont Ave) for not much more than mine and with twice the square footage.

Then you sir are not a "job creator."

^^^

I realize that was meant in jest, but what makes a builder or renovator of 3000 sq ft boxes any more worthy of a job than a builder of 1000 sq ft boxes or a renovator of row houses?

It's not just the contractor/builder . . . it's the other service sector jobs that result. Gardener, housecleaner, guy to run the car elevator in the garaga . . .

Oh, IDK. Riverside Park doesn't landscape itself, and think of the poor building supers who'd be unemployed if everyone bought boxes in the 'burbs

I'd trade a suburban box for a Manhattan apt in a heartbeat.

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1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13

Ah if wishes were horses . . . a burb box might be tradeable for a Fiat 500 sized studio with shared bathroom.

The article seems to reference East Coast a lot. We're not talking about $50-100k burb boxes as seen in Phx.

As far as NYC: you can find an OK 1 or 2 bedroom for the middle prices mentioned in the article if you look. Even more space is possible if you venture out to a nicer part of Brooklyn. Or if you look in a non-trendy area of the boroughs, you can actually buy a house and pay stupidly low taxes (like $100/month).

As far as PA: the guy spending $340k on a house in sticksville got ripped off massively. I went to college in PA, was just in that town, and you can buy a house in a nice area, walking distance to the tram line from Philly and the small downtown area for $300k. Not a small house either.

There aren't many $50-100K burb boxes in PHX . . . those are downtown prices in neighborhoods where the school newspapers have obituary columns. Kerry said he'll take Manhattan . . .

Look at 85027 south of the Deer Valley airport and near the "beltway". 20-25 min drive to downtown, no serious crime problem in the area where some family of mine live, and quite a few 1970s/early 80s homes selling for under $100k. Average size is more like 1000-1800 sq ft, but I assume you could get more footage further out.

I guess you're saying that no NEW homes are being built in acceptable areas in that range?

Yeah I have been noticing this people seem to be wanting larger. I'm going to start building larger homes too. Other builders in my city are doing it and it seems to be paying off.

Lots of money is out their and its coming out of the woodwork after the last few years. Also a lot of people made a killing in the stock market over the last couple years.

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1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

Hoping a Euro implosion in the next few months will correct that. DOW 8000, baby! Ride it DOWN!

Also, it's nice to see more foreclosures than there have been for the past year or so coming out of the woodwork in NJ. The idiots who bought at the peak are finally getting theirs, two years after the rest of the country since average time from default to foreclosure in NJ is something like 3 years!

I think I'll make a bumper sticker: "Moreclosures. Vote Romney."

Your a very negative person.

Do you ever plan on making any money or do you just want the values to tank on what you do have?

__________________
1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

Some areas are more volatile than others is all I can say. I'm hoping for the volatile ones to tank even more and the non-volatile ones to stay the course or rise a bit. So far this has happened.

The markets aren't a monolithic thing, and you know that as well as I do. And I'm very positive, but I also have no qualms about taking advantage of the stupid being punished.

I have no problem taking advantage of ignorant people either, heck I have bought a number of parcels at a fraction of their true market value.

I just don't like to revel in it, it projects a bad image, and you never know when you may be on the receiving end. Because their is always a bigger fish in the sea.

__________________
1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200