Rental property for sale
Apr 7, 2022 11:56:20 #
I posted a shot of an abandoned house this morning and it was mentioned that at today's real estate prices it would list for $300,000. Well take a look at what they are asking for this in Indianola, Texas. There go my thoughs of wanting to live down there. Not sure what the best offer will be.
Apr 7, 2022 12:35:49 #
Apr 7, 2022 12:45:52 #
If it is truly a beach house (i.e. "on" the beach) that accounts for about $225,000 of the price.
Apr 7, 2022 12:46:02 #
Apr 7, 2022 12:50:40 #
alliebess wrote:
Location counts.
You are so right. Location, location, location...
Apr 7, 2022 13:00:21 #
What people ask and what things are worth are sometimes two different things
Apr 7, 2022 13:06:24 #
Drbobcameraguy wrote:
What people ask and what things are worth are sometimes two different things
The true worth of something is only determined when a seller and buyer agree on the price. Until then it is just speculation.
Apr 7, 2022 13:07:54 #
It's what's called a teardown in the real estate business. You're buying the house to get the land.
Apr 7, 2022 13:20:33 #
SteveFranz
Loc: Durham, NC
A few years ago I went to an estate sale in Highland Park, TX (an exclusive suburb of Dallas) In addition to a lot of neat estate sale stuff, I saw that the very large, very elegant house was for sale @ $4,500,000. The sale manager told me that the house had just been sold, and the buyer was going to tear it down and build something nicer!!!
Apr 7, 2022 13:30:30 #
DWU2 wrote:
It's what's called a teardown in the real estate business. You're buying the house to get the land.
So somebody will probably build a McMansion there. But it is close to the beach and subject to high water in case of storms so they will want federally subsidized insurance on the place. If someone is foolish enough to build in a dangerous area, that is his right but he should not demand my tax money to subsidize his foolishness.
Apr 7, 2022 13:46:44 #
Apr 7, 2022 13:59:05 #
Apr 7, 2022 13:59:53 #
stanikon wrote:
If it is truly a beach house (i.e. "on" the beach) that accounts for about $225,000 of the price.
It's right on the beach
Apr 7, 2022 16:31:34 #
stillkickin wrote:
It's right on the beach
Well no wonder then. That' should answer all the questions about the price. People who still think it's inflated should go shopping for beachfront property. They'll find out quick enough.
Apr 7, 2022 17:34:51 #
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