Tuesday, December 02, 2014

Teardowns Bring Tears

An interesting story from Marketwatch:


This summer, my parents sold the 2,000-square-foot split-level they bought in a suburb of New York City in the early 1970s. The buyer, a Bronx-based developer of everything from office complexes to strip malls, plans to demolish the house to make way for something bigger and grander—a five-bedroom McMansion with stainless-steel appliances, custom millwork, surround sound, and a master suite with a marble bathroom and radiant heat.
  Probably the eventual fate of the Dawghause as we too are in an area ripe for true mansionization. 

5 comments:

sm_landlord said...

If the traffic I saw on the 101 yesterday is any indication, your nabe is also about to become as inaccessible as Brentwood.

Have you driven through Malibu as a passenger (so you could look around) recently? The mansionization in the hills is something to behold.

Some of them must have been slapped together pretty fast as well. I have talked to contractors who have done repair jobs on new places down there: things like floors that are not level...

Rob Dawg said...

Oh heck. You are so on the money.

That said there is bifurcation even amongst the elite. I see the slideboxes you see but there are "Bankerdomes" scattered up there.

LBD said...

Here they just subdivide another corn field and build. Then repaint the old fire wood and call it flip for the downstream buyer. HGTV

Jim the Realtor said...

Might as well spec build one yourself - call one of these guys: http://www.latimes.com/entertainment/arts/la-et-cm-arcadia-immigration-architecture-20140511-story.html#page=1

Thomas Stone said...

JtR's suggestion is a good one. Might as well pocket some extra profit, just remember that bad taste sells.