If you are indeed waiting for a view lot, I hope you have a low waitlist number. I would say people are probably waiting for that too.
I don't think I can really offer you objective opinion on what's comparable. Mainly, I'm really not looking now….But even if I were, from my perspective, you and I are probably not looking in the same markets, and beyond a certain level, my brain shuts down, my tail is betwen my legs…It would be like you asking me which is better, an Audi R8 or BMW M5..it wouldn't matter to me if you bought me either one, and it would end up eventually wrapped around a guardrail on the track anyway. I don't look seriously with homes in this price range, so I can't tell you what's comparable. I did a tour of one Lexington home and it was nice enough for me to know it was definitely out of my price range, just like the Plan 3 in DH.
The spread on the asking price is $200k (yes, that's absurd)…
1.3 is probably what a DH Plan 3 withOUT a view is now. I wouldn't be surprised if a view premium is another $100k. After upgrades/landscaping, its will probably be closer to high side of 1.6. You could go getto with upgrades, but what's the point if you're already going to spludge on something like this?
The only thing I have a gripe with all DH homes is all just have 2 car garages (tandems and workshops don't work). So it wouldn't really work for me, simply because the only condition that my wife will allow me to own a weekend car is if I either get rid of my existing one or am able to garage all of them in "a" home. I don't want to get rid of my existing car, and purchasing a home with 3 garages would drain my ability to purchase a weekend car, so it all cancels out.
Personally, I am *assuming* the market will fall moving forward. You probably should expect this as well. I think that's the general sentiment most people on the board have. However, I'm not going pass judgment if you buy or not buy, because it's different for different people. If 1.6million is chump change in your household, it's definitely different than folks that would be stretching in all sorts of directions to make minimum payments. And if it is chump change, please consider my wife and I for adoption.
