🏡 Better Homes OFFICIAL real estate bs discussion

PANDA

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We went to go see this one two weekends ago: https://www.zillow.com/homes/215-Inverway-Palatine,-IL-60067_rb/3262012_zpid/

Sadly needs more work than we can tackle but it is such a sweet place. If it didn't need a new roof and siding we probably would have put in an offer on it and float both mortgages for a bit while we fixed that one up before moving in. Needing new cedar shake roof and siding immediately to prevent further damage would have stretched our liquidity too far.

I think it looks kinda cool. My neighbor had a full log home that she was trying to sell for years. It takes a special buyer for some stuff that isnt the norm around here.
 

sickmint79

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looks cool. i assume those are actually square windows and not circular ones, is that how they do those?

i have a car friend who bought an older (60s?) house with some cool big (rectangular) windows out to the backyard - apparently they are nearly impossible to source/move/install so any replacement is ungodly expensive, which is what always worries me about any cool windows.

i am walking around mexico city past a zillion old 2 story buildings that seem largely unused and empty and wondering how much they would cost to buy and turn into super cool hacker lairs, although i am guessing they are somehow both sitting and rotting while also being worth a million dollars based on land/location alone.
 

FirstWorldProblems

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Good podcast for you real estate moguls

A8ED0E9B-5DCC-4C32-811E-DAB835CB7512.png
 

Phalabala

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Aug 18, 2015
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looks cool. i assume those are actually square windows and not circular ones, is that how they do those?

i have a car friend who bought an older (60s?) house with some cool big (rectangular) windows out to the backyard - apparently they are nearly impossible to source/move/install so any replacement is ungodly expensive, which is what always worries me about any cool windows.

i am walking around mexico city past a zillion old 2 story buildings that seem largely unused and empty and wondering how much they would cost to buy and turn into super cool hacker lairs, although i am guessing they are somehow both sitting and rotting while also being worth a million dollars based on land/location alone.

all the spots where you see round windows... those are round windows :)
 

FirstWorldProblems

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Went to Naperville to go to the Apple store and Lou Malnati’s for lunch. Drove past the 15M house on the way home:

View attachment 100962
So we still don't know the story about this place? Whoever had it built will certainly lose millions, i can't imagine the buyer pool for $15m homes with lots of noise and no privacy is very large
 

FirstWorldProblems

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I also can't imagine that is cost 15M to build this house. Sure, it had to be big bucks, I'm sure they'll make some $ in the end.
I can almost guarantee it did. The person that foot the bill for that project will not profit, no way. Especially if there were 4+ houses on the land that it currently occupies. He could easily have $2m+ in just the land

Someone built it then changed their minds, or moved, or just doesn't give a fuck
 

FirstWorldProblems

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Chester Copperpot

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Naperville is just the pinnacle of first world problems.

Rich, uppity area with a huge drug problem and some of the worst choices in taste I've ever seen when it comes to houses. Fucking mansions on 1/16 acre literal postage stamp lots. "I want to live in the city but I don't want to live IN the CITY so we'll turn this area into a city."
 

jason05gt

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So we still don't know the story about this place? Whoever had it built will certainly lose millions, i can't imagine the buyer pool for $15m homes with lots of noise and no privacy is very large

The husband died and the wife is selling it. I don’t think they will lose millions, but likely they are selling at a lose. It’s a great location for a rich person who wants to live in town.
 

PANDA

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jason05gt

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MJ's house is dated and would require a lot of money to bring it up to the standards of a buyer paying $15M. That's why it's been on the market for a close to a decade.

That house in Naperville probably has more money in stone work than the value of our homes. I'm guessing the two buildable lots are probably worth close to a $1M.
 

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