Will premium features be freebies?

[bjensen]

You know, I may be on the low end of the income scale for this community… and the age scale for that matter.

I have yet to clear 100k a year and am only 26. For me, I am more concerned with practicality… and will probably be equally concerned when I feel we are in the market trough. I already have a wife and newborn baby to support.

I just think that most crappy one/two bedroom condo conversions were going a little overboard with the premium construction.

I am glad to hear that you all seem to agree that I will not be forced to pay for luxury materials just because every REO has them.

[bjensen]

You know, I may be on the low end of the income scale for this community… and the age scale for that matter.

I have yet to clear 100k a year and am only 26. For me, I am more concerned with practicality… and will probably be equally concerned when I feel we are in the market trough. I already have a wife and newborn baby to support.

I just think that most crappy one/two bedroom condo conversions were going a little overboard with the premium construction.

I am glad to hear that you all seem to agree that I will not be forced to pay for luxury materials just because every REO has them.

[bjensen]

You know, I may be on the low end of the income scale for this community… and the age scale for that matter.

I have yet to clear 100k a year and am only 26. For me, I am more concerned with practicality… and will probably be equally concerned when I feel we are in the market trough. I already have a wife and newborn baby to support.

I just think that most crappy one/two bedroom condo conversions were going a little overboard with the premium construction.

I am glad to hear that you all seem to agree that I will not be forced to pay for luxury materials just because every REO has them.

[vegasrenter]

Granite/Corian counters seem to get a lot of ridicule on these housing bubble forums – I’m not sure why. I just got done finding a new rental in Las Vegas, so here’s my take on it from looking at a lot of mass-produced tract houses:

A five year old kitchen with granite counters and tile floor generally looks pretty good. Same age kitchen with tile counters and vinyl floor looks hideous. The grout is always nasty and moldy, the tiles become uneven from water seeping into the underlying chipboard, and it looks dated and cheap.

When I get ready to buy in 2008-2010, having a kitchen with current high-end materials and finish will be a must-have.

[vegasrenter]

Granite/Corian counters seem to get a lot of ridicule on these housing bubble forums – I’m not sure why. I just got done finding a new rental in Las Vegas, so here’s my take on it from looking at a lot of mass-produced tract houses:

A five year old kitchen with granite counters and tile floor generally looks pretty good. Same age kitchen with tile counters and vinyl floor looks hideous. The grout is always nasty and moldy, the tiles become uneven from water seeping into the underlying chipboard, and it looks dated and cheap.

When I get ready to buy in 2008-2010, having a kitchen with current high-end materials and finish will be a must-have.

[vegasrenter]

Granite/Corian counters seem to get a lot of ridicule on these housing bubble forums – I’m not sure why. I just got done finding a new rental in Las Vegas, so here’s my take on it from looking at a lot of mass-produced tract houses:

A five year old kitchen with granite counters and tile floor generally looks pretty good. Same age kitchen with tile counters and vinyl floor looks hideous. The grout is always nasty and moldy, the tiles become uneven from water seeping into the underlying chipboard, and it looks dated and cheap.

When I get ready to buy in 2008-2010, having a kitchen with current high-end materials and finish will be a must-have.

[vegasrenter]

Granite/Corian counters seem to get a lot of ridicule on these housing bubble forums – I’m not sure why. I just got done finding a new rental in Las Vegas, so here’s my take on it from looking at a lot of mass-produced tract houses:

A five year old kitchen with granite counters and tile floor generally looks pretty good. Same age kitchen with tile counters and vinyl floor looks hideous. The grout is always nasty and moldy, the tiles become uneven from water seeping into the underlying chipboard, and it looks dated and cheap.

When I get ready to buy in 2008-2010, having a kitchen with current high-end materials and finish will be a must-have.

[bjensen]

Don’t get me wrong, I appreciate the finer things in life. Its just that there was a time when money WAS an object. It still is for me.

I think the use of high end materials was directly correlated with the fantom equity that made even a lowly condo owner feel rich. Without this equity in the marketlace I think the market would have developed lower priced alternatives to update ones home.

I just don’t want to pay for anyone’s irrational exuberance, neither for buying an inflated asset nor remodeling one.

[bjensen]

Don’t get me wrong, I appreciate the finer things in life. Its just that there was a time when money WAS an object. It still is for me.

I think the use of high end materials was directly correlated with the fantom equity that made even a lowly condo owner feel rich. Without this equity in the marketlace I think the market would have developed lower priced alternatives to update ones home.

I just don’t want to pay for anyone’s irrational exuberance, neither for buying an inflated asset nor remodeling one.

[bjensen]

Don’t get me wrong, I appreciate the finer things in life. Its just that there was a time when money WAS an object. It still is for me.

I think the use of high end materials was directly correlated with the fantom equity that made even a lowly condo owner feel rich. Without this equity in the marketlace I think the market would have developed lower priced alternatives to update ones home.

I just don’t want to pay for anyone’s irrational exuberance, neither for buying an inflated asset nor remodeling one.

[bjensen]

Don’t get me wrong, I appreciate the finer things in life. Its just that there was a time when money WAS an object. It still is for me.

I think the use of high end materials was directly correlated with the fantom equity that made even a lowly condo owner feel rich. Without this equity in the marketlace I think the market would have developed lower priced alternatives to update ones home.

I just don’t want to pay for anyone’s irrational exuberance, neither for buying an inflated asset nor remodeling one.

[San Diego Native]

As several other posters have commented, it’s ALL about LOCATION, not upgrades, when it comes to pricing in prime locations. Some friends recently looked at some coastal properties that had fantastic locations, were almost in the category of “fixers,” with no real upgrades, and even in this market, each property had three or four offers.

Upgrades seem to be what builders and sellers in less desirable locations offer to make the lack of location more attractive to potential buyers. Not really a deciding factor when it comes to those who wish to purchase real estate in a great location.

[San Diego Native]

As several other posters have commented, it’s ALL about LOCATION, not upgrades, when it comes to pricing in prime locations. Some friends recently looked at some coastal properties that had fantastic locations, were almost in the category of “fixers,” with no real upgrades, and even in this market, each property had three or four offers.

Upgrades seem to be what builders and sellers in less desirable locations offer to make the lack of location more attractive to potential buyers. Not really a deciding factor when it comes to those who wish to purchase real estate in a great location.

[San Diego Native]

As several other posters have commented, it’s ALL about LOCATION, not upgrades, when it comes to pricing in prime locations. Some friends recently looked at some coastal properties that had fantastic locations, were almost in the category of “fixers,” with no real upgrades, and even in this market, each property had three or four offers.

Upgrades seem to be what builders and sellers in less desirable locations offer to make the lack of location more attractive to potential buyers. Not really a deciding factor when it comes to those who wish to purchase real estate in a great location.

[San Diego Native]

As several other posters have commented, it’s ALL about LOCATION, not upgrades, when it comes to pricing in prime locations. Some friends recently looked at some coastal properties that had fantastic locations, were almost in the category of “fixers,” with no real upgrades, and even in this market, each property had three or four offers.

Upgrades seem to be what builders and sellers in less desirable locations offer to make the lack of location more attractive to potential buyers. Not really a deciding factor when it comes to those who wish to purchase real estate in a great location.

[Author]

Posts