3000 sq feet, 3 large bedrooms and a granny apt that sleep 4+ more. Gourmet kitchen, HUGE lanai with awesome view of kealakekua bay.
Total cost was under $5k
I think that the guy has it on the market for just over a million.
Granted, the little dump in MB is right next to the sand but would you pay 3x more for that POS teardown than you'd pay for the above house in HI?
The mortgage payment alone (assuming 6.5%) on the MB house would be almost $19k. Even if you could rent out the house at $5k/wk (which is more than the house we stayed at in HI), you'd still be significantly in the red after you add in taxes and insurance.
I have seen that lot for sell as well. 3m for that lot isn't bad. You could put 4-6 condo units on it, no problem. I'm sure that's what the new owner will do.
Submitted by poway_seller on May 20, 2008 - 5:41pm.
"poway_seller/rather opinionated (same person) is here to troll, not to dispense accurate information."
Please explan what was inaccurate about my post? Will a Realtor please confirm the market time on this deal, or correct any other bit of information from my original post.
Submitted by poway_seller on May 20, 2008 - 6:08pm.
The headline was sheerly meant to shock into getting some of you to read it, which it obvioulsy has. The $3099 per square feet was nothing more than the simple math... Just showing there is still madness in the market, and not every buyer is a rational one, who reads the Bubble Primer and is waiting until 2010. Nothing less and nothing more.
I don't think this is the original powayseller of California Housing Forecast. She went by the pseudonym "powayseller". This person is using the pseudonym "poway_seller".
Regardless of who posted this information, I don't see what is so inflammatory about the original post or what all the fuss is about. It could mean that the person is tired of waiting to see prices come down on the coast. It could be making the point that price per square foot is not always a good metric. It could also be a RE bull. Any of these points could have been made by the OP, but they weren't.
Looks like simply the facts to me.
So if I want to feel popular with a post that gets read, I should pick out an anomaly in the market and hype it in the headline like it is the "new" trend.
No thanks, I don't want to look like a piss ant idiot.
Your headline is moronic because you make your point using the sqft of a house, that should have been stated as sqft for dirt on a multi zoned lot.
Maybe you can get a job freelancing for DataQuick.
that's right where I play vball... Are you sure it was only 6 days? There's been a for-sale sign out there for what seems like years.
We rented this house near Kona, HI for 8 days last year.
http://www.konadolphinhouse.com/hkonadol...
3000 sq feet, 3 large bedrooms and a granny apt that sleep 4+ more. Gourmet kitchen, HUGE lanai with awesome view of kealakekua bay.
Total cost was under $5k
I think that the guy has it on the market for just over a million.
Granted, the little dump in MB is right next to the sand but would you pay 3x more for that POS teardown than you'd pay for the above house in HI?
The mortgage payment alone (assuming 6.5%) on the MB house would be almost $19k. Even if you could rent out the house at $5k/wk (which is more than the house we stayed at in HI), you'd still be significantly in the red after you add in taxes and insurance.
"that's right where I play vball... Are you sure it was only 6 days? There's been a for-sale sign out there for what seems like years."
Nos,
poway_seller/rather opinionated (same person) is here to troll, not to dispense accurate information.
Oh! Good to know.
What are you doing back here? I thought you crossed over to the dark side a long time ago already.
Oh yeah and your website / blog is weak.
I have seen that lot for sell as well. 3m for that lot isn't bad. You could put 4-6 condo units on it, no problem. I'm sure that's what the new owner will do.
"poway_seller/rather opinionated (same person) is here to troll, not to dispense accurate information."
Please explan what was inaccurate about my post? Will a Realtor please confirm the market time on this deal, or correct any other bit of information from my original post.
poway_seller,
Lets just start with your headline.
What are you trying to imply? What is the point of your headline?
Are you reporting or hyping?
Looks like your hyping... so what is the point of your hype?
I don't like hype but I was interested that this sold, and at what a price! Welcome back poway_seller! Don't go away this time.
The headline was sheerly meant to shock into getting some of you to read it, which it obvioulsy has. The $3099 per square feet was nothing more than the simple math... Just showing there is still madness in the market, and not every buyer is a rational one, who reads the Bubble Primer and is waiting until 2010. Nothing less and nothing more.
I don't think this is the original powayseller of California Housing Forecast. She went by the pseudonym "powayseller". This person is using the pseudonym "poway_seller".
Regardless of who posted this information, I don't see what is so inflammatory about the original post or what all the fuss is about. It could mean that the person is tired of waiting to see prices come down on the coast. It could be making the point that price per square foot is not always a good metric. It could also be a RE bull. Any of these points could have been made by the OP, but they weren't.
Looks like simply the facts to me.
Oh, thanks for the clarification.
So if I want to feel popular with a post that gets read, I should pick out an anomaly in the market and hype it in the headline like it is the "new" trend.
No thanks, I don't want to look like a piss ant idiot.
Your headline is moronic because you make your point using the sqft of a house, that should have been stated as sqft for dirt on a multi zoned lot.
Maybe you can get a job freelancing for DataQuick.
I guess the only mistake I made was calling this Pacific Beach, when it really is Mission Beach.
Wait. This isn't the original PS???? I got ripped off! I thought she was back! :(