Dream House on Market 8 years

[patb]

http://www.mcclatchydc.com/2010/12/27/105828/charlotte-dream-house-still-on.html

ncludes Realtors who figure that a house on the market this long must have something wrong with it, he says. That also includes builders who sucker buyers with big houses with a few bells and whistles, and buyers who let themselves be suckered by coveting quantity – as in price per square foot – instead of quality.

“People buy (bleep) for 2million, 21/2 million,” he says. “This house they can have for a million dollars less.”

He sighs. He says he’s lucky. He didn’t borrow a lot of money to build this house – or three other luxury homes he built later that also didn’t sell. He’s getting killed by property taxes, but he still loves Charlotte and can send his kids to private school. And last week, he sold one of those houses, built in 2006 in Myers Park. “I’ve never been as happy to lose a million dollars,” he says.

His agent, Jimmy Rountree, says 4823 Camilla still gets some traffic – about a showing a month. “The price is getting to the point where it should sell,” he says. “It’s all about price at this point.”

The property includes the parcels that the second and third planned houses were to be built on. Now, says Markel, they’d be a great place for a pool or tennis court. Or, a buyer could just sit on that land and wait for the market to return.

Read more: http://www.charlotteobserver.com/2010/12/27/1934758/dream-home-becomes-builders-nightmare.html#ixzz19MEg695u

8 Years!!!

HFS Batman, he really didn’t follow Professor Piggingtons rules.

[briansd1]

That house looks too brown IMHO. Everything brown is a sure sign of the bubble.

[briansd1]

That house looks too brown IMHO. Everything brown is a sure sign of the bubble.

[briansd1]

That house looks too brown IMHO. Everything brown is a sure sign of the bubble.

[briansd1]

That house looks too brown IMHO. Everything brown is a sure sign of the bubble.

[briansd1]

That house looks too brown IMHO. Everything brown is a sure sign of the bubble.

[CA renter]

Some of the comments made by the speculator in that article are hillarious!

He honestly thinks the house isn’t selling because buyers don’t appreciate the “fine quality” of his house. He built the darn thing in the middle of very normal, middle-class homes, and he expects someone to pony up the big bucks to live in the monstrosity that sits in the middle of “Normalville.” Unbelievable!

[CA renter]

Some of the comments made by the speculator in that article are hillarious!

He honestly thinks the house isn’t selling because buyers don’t appreciate the “fine quality” of his house. He built the darn thing in the middle of very normal, middle-class homes, and he expects someone to pony up the big bucks to live in the monstrosity that sits in the middle of “Normalville.” Unbelievable!

[CA renter]

Some of the comments made by the speculator in that article are hillarious!

He honestly thinks the house isn’t selling because buyers don’t appreciate the “fine quality” of his house. He built the darn thing in the middle of very normal, middle-class homes, and he expects someone to pony up the big bucks to live in the monstrosity that sits in the middle of “Normalville.” Unbelievable!

[CA renter]

Some of the comments made by the speculator in that article are hillarious!

He honestly thinks the house isn’t selling because buyers don’t appreciate the “fine quality” of his house. He built the darn thing in the middle of very normal, middle-class homes, and he expects someone to pony up the big bucks to live in the monstrosity that sits in the middle of “Normalville.” Unbelievable!

[CA renter]

Some of the comments made by the speculator in that article are hillarious!

He honestly thinks the house isn’t selling because buyers don’t appreciate the “fine quality” of his house. He built the darn thing in the middle of very normal, middle-class homes, and he expects someone to pony up the big bucks to live in the monstrosity that sits in the middle of “Normalville.” Unbelievable!

[OwnerOfCalifornia]

[quote=CA renter]Some of the comments made by the speculator in that article are hillarious![/quote]

[quote=idiot specuvestor]He is the victim of a still-plummeting housing market, which has been especially harsh on Charlotte’s most expensive homes, thanks to a loss of wealth in this city’s financial sector. But Markel is more than willing to pass around blame – to Realtors who dwell on the years the house has spent not selling, to buyers who think the kitchen is a smidge too small for a 7,000-square-foot house, to a city that doesn’t quite get the architectural and design brilliance that was bestowed upon it.[/quote]

[OwnerOfCalifornia]

[quote=CA renter]Some of the comments made by the speculator in that article are hillarious![/quote]

[quote=idiot specuvestor]He is the victim of a still-plummeting housing market, which has been especially harsh on Charlotte’s most expensive homes, thanks to a loss of wealth in this city’s financial sector. But Markel is more than willing to pass around blame – to Realtors who dwell on the years the house has spent not selling, to buyers who think the kitchen is a smidge too small for a 7,000-square-foot house, to a city that doesn’t quite get the architectural and design brilliance that was bestowed upon it.[/quote]

[OwnerOfCalifornia]

[quote=CA renter]Some of the comments made by the speculator in that article are hillarious![/quote]

[quote=idiot specuvestor]He is the victim of a still-plummeting housing market, which has been especially harsh on Charlotte’s most expensive homes, thanks to a loss of wealth in this city’s financial sector. But Markel is more than willing to pass around blame – to Realtors who dwell on the years the house has spent not selling, to buyers who think the kitchen is a smidge too small for a 7,000-square-foot house, to a city that doesn’t quite get the architectural and design brilliance that was bestowed upon it.[/quote]

[OwnerOfCalifornia]

[quote=CA renter]Some of the comments made by the speculator in that article are hillarious![/quote]

[quote=idiot specuvestor]He is the victim of a still-plummeting housing market, which has been especially harsh on Charlotte’s most expensive homes, thanks to a loss of wealth in this city’s financial sector. But Markel is more than willing to pass around blame – to Realtors who dwell on the years the house has spent not selling, to buyers who think the kitchen is a smidge too small for a 7,000-square-foot house, to a city that doesn’t quite get the architectural and design brilliance that was bestowed upon it.[/quote]

[Author]

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