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You are right on about the second homes. As a kid, I used to go up to Traverse City, MI. Stayed in a cottage on Long Lake. During the 90’s they started tearing down all of the cottages and erecting McMansions. Now the place is covered with “million dollar” lake houses that nobody is going to buy. Very sad, they took a community that was available to all and turned it into a playground for the nouveau riche. I am sure this has played out in small communities all over the midwest. Shame.
If you didn’t live there David…the locals called you a “fudgie”, because they *always* bought Doug Murdick’s fudge…probably still do to this day. Did you happen to go for the “Cherry Festival”?
Some of the areas around Traverse are extremely beautiful. This is not the Michigan most know however, and apparantly, is part of Michigan most will never have a chance to know due to the massive division in wealth in America.
On a side note, the old theatre downtown was completely restored by…Michael Moore! LOL!
Been there, done that. Traverse City is a great place. Agreed, not what you think of when Michigan comes to mind. I have thought of buying property on the lake up there but 350K for a 900 square foot cottage that is not a primary residence is just not in the cards. That’s assuming you can even still find one as most of the real estate now starts at 500K and up to 1Mil now that the builders have forced everyone to buy McMansion. Hopefully the recession will bring these secondary housing markets back down to reality. I am keeping my eyes on that area.
I thought I heard that Michael Moore lives in Traverse City.
I grew up in Birmingham, Michigan. We would go up to Petoskey in the summer for weekends. And don’t forget Mackinaw Island.
Back in the 80s, we always went camping at Lake Charlevoix. We’d always stop at Sleeping Bear Dunes on the way home. It’s not much of a mountain by California standards, but a 300ft high sand dune is still quite impressive. Climbing the sand is hard work! These days we camp in Door County, WI. It’s about 1/2 the distance from where I live. I do love that Lake Michigan sand.
It is scary to see the state in which the US economy is going! We certainly hope that home owners will be able to pull out of the tough economy with their assets in tack.
Edmonton Real Estate-Realty Executives Edmonton
Wow, only $299,000 for forty acres in Irvine? Mista sir, how long ya think I’d be a workin dat 40 acres so it’s finally mine?
Happy days are here again:
Most Improved U.S. Housing Markets 2010
No. 17: Santa Ana-Anaheim-Irvine, Calif.
Q1 Home price index: 2.4 percent
Q1 Foreclosure rate (YOY change): 2.3 percent (up 28.6 percent)
Q1 90+ day delinquency rate (YOY change): 7.9 percent (up 44.9 percent)
April 2010 unemployment rate: 9.5 percent
The real estate market in Santa Ana, especially for condos, was among the worst in the country. Signs of improvement are emerging now as home prices and sales improved in the first quarter, and unemployment ticked down slightly in April.
It is amazing that the government can make house prices tick up when the delinquency rate is nearly 8% and unemployment is 9.5%.
and interest rates are at historic lows and buyer bait is stimulating house sales.
Think about it - this is all they have to show for all of their Herculean effort to prop up the dead system that now has nowhere to go but down.
There has to be a sad story behind this one; something doesn’t smell right - maybe a job loss or medical problem.
Personally, if I had a $70K loan that originated in 1994, assuming there were no other financial ‘surprises’ I would have tried to pay it off. Even with the $200K refi, this place could easily be rented for more than the current expenses.
I just don’t get it, why did this place ever go into foreclosure?
Or they ran into one of the sexy mortgage brokers roaming around in 2005.
“Do you think the realtor used enough exclamation points?”
He must have taken lessons from Shevy.
Tsk tsk You failed to realize that Shevy added an exclamation point to three separate sentences whereas this description has 4 exclamations on sentence.
True, there are too many exclamations in either description. But your latest attempt to discredit IR and Shevy is a FAIL.
We teased Shevy to no end at our last meeting about the exclamation points. He will probably be afraid to ever use another one in his life. He should have realized he would be a lightning rod for those who don’t appreciate the IHB.
I would like to see more DROP DEAD GORGEOUS listings.
Don’t forget to find a graphic for “breathtaking” featuring a guy getting punched in the gut and obviously having the wind knocked out of him.
I don’t think anyone is trying to discredit IR. Most of us long timers have the utmost respect for him and just want to point out the inconsistencies in the message he sends on criticizing other realtors while his own in-house one is guilty of the same type of mistakes.
Practice what you preach… if you are claiming you are offering a better real estate experience… than don’t do the same thing other realtors do, and that starts with the listing description and photos.
FWIW: I would probably use IR if I hadn’t already committed to IR2.
But take note - they are sending the guilty party to re-education camp to unlearn those bad habits. The host could have behaved like an ActiveRain blogger and deleted all of the comments. Instead, they let the critics show up and do their anonymous bashing and they make an effort to correct the problem. I respect that.
Give credit where credit is due.
That observation was in response to irvine_home_owner.
“Give credit where credit is due.”
I’ll give partial credit. Full credit will apply if IR opens up comments on the same post as an IHB listing.
You gotta’ take as well as you give. Even the most non-constructive criticism has some lesson to be learned.
BTW: Both the Lake Forest and Mission Viejo IHB Exclusives still only have external photos of the property (on the post for the MV one… I assume that’s a drawing of what the kitchen is supposed to look like?).
He doesn’t HAVE to do anything. Leaving your spiteful comments up over the years should be proof enough that he can take it.
@another IR fan
Easy… no one is issuing ultimatums here.
Agree with Dave. Some of the comments here remind me of those Type A / “Stress Junkie” stage parents you see on TV and at Little League games.
I think Larry’s got the message. Let him do what he chooses to do about it. It’s his call. There’s only so much unsolicited advice a person can give without sounding obnoxious. That technique is not likely to make the other party more receptive. If he wants our opinions, he’ll ask for them.
@SOS:
So what type of people are the people who give their opinions to other people saying they shouldn’t be telling other people their opinions?
Cue the Alanis Morissette song.
“You gotta’ take as well as you give. Even the most non-constructive criticism has some lesson to be learned.”
Due to your quote above, I can’t imagine you would object to anything I have to offer.
@SOS:
“I can’t imagine you would object to anything I have to offer.”
No objections whatsoever… I’m not the one saying what opinions can or can’t be posted here.
I appreciate ALL opinions… maybe you should read my quote above again.
The song is still playing.
Friendship, Wisconsin sounds (and looks) wonderful. There’s also a Friendship, Maine. I worked with a friend whose family lived there and she went back there every year and said it was a great place.
By contrast, can you imagine someone growing up in the North Korea towers and thinking wistfully of them as “home?”
Speaking of which, Irvine Renter, when can we have another visit to North Korea? Are things picking up in the towers? I wonder what those charmingly sterile units rent for now…any recent sales?
Speaking of North Korea Towers.
Across the street from NKT is Astoria.
I was at a party on Memorial Day. A couple that are long time friends told us they had spent the morning at Astoria looking at the units. Guess how many units have “Closed” so far ? Seven.
That place has been for sale for over a year.
and 7 units. Can you say bloodbath for the developer.
I guess that $ 900.00 HOA might be an issue too.
Hey, look at the positives.
With $900 HOA/mo, I’m surprised they could sell seven units.
Yes, I vote for a North Korea Towers follow-up too.
Always good for a hearty laugh.