Posts

Delusion

Image
There's a campaign underway to save Tasmania's largest newspaper. The bean counters at News Ltd are keen to relocate (sack local workers) the sub-editing desks of The Mercury to a place that apparently knows its spelling and grammar better than us. As is standard operating procedure in any 'save our arses' campaign, there's talk of a mythical beast, filled with integrity, quality, skill and one that sometimes even defecates ice-cream cones. A newspaper you've never encountered in reality, but nonetheless this new found perception seems to act as the main defense to save the under fire entity. I had been prepared to sign up to the Save Our Mercury campaign; I don't think we need to lose any further jobs down here, but then I realised the axe will be swinging tomorrow, and to further push me into the 'couldn't care less' column, I stumbled across this ... $1m mansions snub downturn I assume the sub-editors at The Mercury still write the snappy head...

Effort

Image
If you’re writing about real estate right now, it kind of helps to have your head out of your arse. Thousands of eagle eyes are reading and ripping apart real estate writing at the moment, usually in less time than it takes a horny kid to spray his shorts over massivehooters.com. So if you’re prepared to stumble into a story , quote the David Lereah of Australia, offer up a real estate agent masquerading as home buyer for your secondary source, then use that real estate agent’s boss to round out the article... I'd have to ask, "how do you enjoy working for Gold Coast Bulletin?" "Oh no, I'm an experienced journalist, in fact, I write for The Australian." "Hah, you relentless joker, you!" "No. I really write for The Australian." "Really?" "Yeah my name's Andrew Fraser ." Andy F, who kind of looks like Guy Sebastian from the year 2050, has fallen for the old "real estate agent poses as home buyer" trick, it ...

The Magically Expanding House: UPDATE

Image
Price changed from $675,000 to $669,500 This is actually the second price reduction in the last four weeks ($30,000 lopped off so far). Will it be enough to for this flipper to make money on his lipstick-on-a-pig makeover? Well, considering the census bureau reported that homes for sale are currently the lowest they've been since 1967 (yes, you read that correctly), they might find an impatient, frustrated buyer willing to overpay. For this kind of scratch I think a buyer can do way better, but in this inventory-free environment nothing really surprises me anymore. ++++++++++++++++++++++++++++++++++ ADDRESS: 4512 East VERMONT St, Long Beach, CA 90814 ASKING PRICE: $699,900 BEDS: 3 BATHS: 2.75 SQ. FT.: 1,500 $/SQ. FT.: $467 LOT SIZE: 4,735 Sq. Ft. YEAR BUILT: 1948 COMMUNITY: Belmont Heights/Alamitos Heights MLS#: P772185 ON REDFIN: 4 days DOWN PAYMENT: $140,000 INCOME REQUIREMENT (3.5x): $160,000 MONTHLY NUT: $3,700 DESCRIPTION: Remodeled 3 bedroom 2 3/4 bath Home with...

Skaneateles Waterfront Lots

Image
Over the past 10 years I have watched lots come and go off the market.  I have personally sold the same lot a couple times.  I also participated in one of the last level waterfront lots to have been sold through the multiple listing service.  I can tell you that selling waterfront lots is difficult. Currently there are 11 active lots listed as being on Skaneateles Lake.  They range in price from $69,000 for .4 acres to 1.5M for slightly over an acre.  One is on the market as a single family home and a lot, which I think is prudent.  I have my gorgeous 50 acres listed the same way, plus a separate waterfront lot for $250,000 (a bargain, I might add!).  Many of the lots come with names like "Bluff" or "Cliff" - but such is the lake.  The lowest priced one reminds you it is dangerous to go over the guardrail... In the past two years three properties have closed described as Skaneateles waterfront lake lots.  Two were on the east s...

Construction II

Image
Every time I've ever driven through Pontville someone tried to make a joke it was the spiritual home of Ricky Ponting. Right now, according to Sue Neales , it's the spiritual home of racism, oh and Lara Giddings is pretty awesome too - future press secretary arise! While Sue conveniently ignores her long term overarching employer whipping up this kind of sentiment for all it's worth, likewise, the peeps of Pontville overlook the coolness of the redo of their army barracks to house asylum seekers. $15 million for six months of use ain't bad, especially when another a Hobart construction company recently went into voluntary administration. 3 million owed, 150 creditors and 40 jobs potentially flushed. Scenport wasn't insignificant, it had commercial work at the Hobart airport and at UTAS, along with building some big arse homes - one of those back up for sale in Sandy Bay. 2.2 million and it's all yours. Amidst this ongoing tale of construction doom and gloom, th...

Goodies

Image
The real estate industry likes to get its Christmas list in early. Back in January the REIA had its pre-budget submission ready to go, which I had a bit of a glance at, chuckled and thought I'd revisit it when there as a little more currency in the story. With rumblings of a tough budget seeping out, in an effort to soften up those downtrodden minorities - families on over $150k with kids in daycare, the REIA shouldn't get its hopes up any of their lunatic suggestions will be adopted. In saying that they shouldn't be too worried that any of their sacred cows will be slaughtered either.    As you'd imagine, the REIA submission is basically a bunch of real estate agents not washing for a couple of days, putting on their rattiest clothes, smearing some dirt on their face and panhandling for tax dollars. While they'll dress up the benevolence of their requests - usually in the well worn pair of pants known as 'affordability', most sane people have now noticed t...

Skaneateles Real Estate - The Bi-Monthly Update

Well!  All I can say is that it has been a very busy last two weeks, and the statistics bear this out.  Would you believe - 21 new listings?  7 of them in the Village?  Others have dropped out, been reconfigured and re-listed, so the current total is still only 110 with 37 of them in the Village.  Amazing! I broke down the "new" listings into re-lists, Village, and Town in order to handle them.  In the Village, new ones are a gorgeous ranch listed in the mid-$300,000 that I had sold a few years ago.  The owners put in hardwoods and generally updated everything.  Another little house in need of some work is priced affordably in the mid-$100,000.  To round it out, the third is in the $200,000 and is within an easy walk to the Village center.  The other four are re-lists. In the Town, there are therefore 14 more!  Of these, only 5 are re-lists, so here goes!  Out in the country there's a lovely home for $400,000 that was built onl...