Thursday, May 25, 2017

Live Like a Deca Millionaire


Screams "curb appeal!"




And get this.  Here are the "estimated" monthly expenses:

Property taxes would be in excess of $2500 and insurance?  Please. 

55 comments:

Mike said...

not much curb appeal...but the view from the back looks pretty good!!

Mike said...

what's the HOA on this one (didn't see it). I'm guessing insurance is low because earthquake/hurricane/NK nuke insurance etc is covered thru the HOA...

EngineerJim said...

Those are just the monthly expenses for the garages.
The house is a whole other matter.

Mike said...

Rob..left a comment for you back on the last thread

Thomas Stone said...

Another "We can break even, finally, it's time to sell".
In nominal dollars, less transaction costs.
I'm seeing quite a bit of this.

Mike said...

meanwhile..mortgage rates at all time lows..stock markets at all time highs...go figure



Rob Dawg said...

Same people who bought peak housing buying peak stocks?

sm_landlord said...

> what's the HOA on this one (didn't see it).

If that's where I think it is (Oxnard Shores??), there isn't a real HOA, just a community association.

Rob Dawg said...

Tom. You nailed it. Even the sales histories tell the story. The great unwind.

Rob Dawg said...

Oxnard Shores. There is a "community district" but if there is a fee it is tiny. the listing doesn't mention the condo association costs which I imagine to be fairly large given the sand and sea.

sm_landlord said...

There is a condo association in the Shores?
I know that there is in the condos behind the hotel....

Rob Dawg said...

There are several of the duplex quadplex variety. Nothing but agreements about parking, trash, water and sand stuff.

Rob Dawg said...

Oh and the damn roof. Always the roof because height limits demand flat roofs and they always fail.

Lawyerliz said...

Well it screams anyhow. I don't understand. I see garages, but no house.

Lawyerliz said...

And not a shred of greenery.

Lawyerliz said...

Buy high, sell low!

Lawyerliz said...

Up! Up! The early worm gets the bird! Speaking of which, did Trump do anything awful?

LBD said...

Good Morning!

That must be some nice refrigerator box. ;)

Lawyerliz said...

Good Morning.😀

LBD said...

Well they are not making anymore coast line. Maybe they should make some new islands like China is doing.

Rob Dawg said...

They added a couple acres of new coastline in Big Sur a few days ago.

And it is possible with just a moderate earthquake on the Hayward the the Central Valley could become an inland sea.

Glad you all recognize the true value of this multimillion dollar mansion.

Lawyerliz said...

Wait a minute. At 4.5 % interest on a million dollars is 45 grand a year. That's about 105800 a month. This assumes a hefty down payment? 1 mil $ for this pos? Someone belongs in a funny farm. An ocean view? Nuts.

Lawyerliz said...

Just figured it out, a million eight. How to see price. Hahahahahahaha.

LBD said...

To some a mil cash is not that much. Good place for an RVer. No landscape, beach, lock the door and go.

Lawyerliz said...

The house is worth minus 10 ior 20k$. For knock down and haul away.

Lawyerliz said...

They could at least have pretty trash cans in the front.
He hehehehe

Lawyerliz said...

Hummmm. How about a mural in the from with pictures of greenery?

Lawyerliz said...

I'd be happy to donate a marigold in a pot for the front.

Rob Dawg said...

Liz. This is California. $20k wouldn't get a lawyer on retainer who could get you a demolition permit in 8-10 months.

Cinco-X said...

Don't go to LA expecting to see greenery... Go to Ventura county for that... According to JP, there's basically no native Flora in the LA basin... It's all imported from somewhere else, and it's usually desert Flora, succulents and such...

Lawyerliz said...

Shouldn't the authorities be happy that such an ugly place be knocked down? Almost anything would be more attractive. An empty space would be more attractive. Can these people get flood insurance?

LBD said...

Fake landscaping in Kali. Who would have guessed? LOL.

Walt Tucker said...

Clearly this is a house with a million dollar ocean view. Who cares about the front of the house? The enjoyment from residing here comes from watching and doing things on the beach and in the ocean. Posting a view of the house front is as misleading as posting a picture of the bathroom or the utility room.

But, yeah, it's expensive!

Lawyerliz said...

I would cringe in embarrassment every time I had to enter.

sm_landlord said...

The value of that shack is property it sits on, not the shack itself.

As for making more coastline, that was frequently proposed back in the 1960s. The NIMBYs went berserk, and it didn't happen.

As far as ability to pay goes, there is an amazing amount of money floating around. I was just talking to my boat broker the other day about how many expensive boats are sitting in the harbor and not being maintained properly. There is a certain group of people who will pay big $$$ for a boat, then not a dime on maintenance. I suspect that this group consists of people with a preponderance of MBA degrees, because that sort of negligence seems to be what they teach in business school these days... ;-)

Lawyerliz said...

I wonder if they maintain their houses.

sm_landlord said...

Maintain their houses? Ha!
It's not unusual to wander through a neighborhood full of $1M+ houses and see a few termite habitats. I love the ones with pieces of the roof hanging off the side ;-)

Rob Dawg said...

Testify brother. And remember the best way to repair salt or termite damage is with the cheapest latex paint available at HomeDespot.

sm_landlord said...

At Echo Beach, we have some nearby neighbors that haven't painted their wood siding since the place was built in 1972. Needless to say we have to get frequent termite treatments. Their shack releases a new crop of bugs every other year, it seems.

Rob Dawg said...

Let's not be too harsh. At the heart of some of those beachfront homes is a post WW-II shack that Oxnard families would rent out for the summer. They weren't built for more than that.

dodahman said...

SM_L: at the boatyard we would always tell new owners of used boats to plan on 15% per year maintenance. This was usually after they had spent 10-50% of the original costs on getting their new ride safe and to their liking. A look of disbelief would follow, but after a few years of ownership, a few would remember and tell us how right we were.

Big boats=15% of purchase price every year to keep nice. Full stop, unless you do your own varnish/wax/oil changes/etc.

This cost is very much worth the effort of course!

Walt Tucker said...

What you need to maintain is the solid wall that prevents access to the beach by " those other people". Making sure that the beach remains unsoiled by"riff raff" even though you and your neighbors don't own the beach.

Rob Dawg said...

The false sense of economy is because the diesel overhaul or Imron® hull repainting isn't until year three so the first two years 5%, 5% then comes the 35% year.

Lawyerliz said...

Hub seeing picture: giggle.

dodahman said...

That is right Rob, the average is about 15%, and folks are lulled to sleep, so to speak, by a lean first year or so.

Diesels these days last and last, usually much longer than the ownership.

Worth every cent to ride in a 65' boat with a 30 knot cruise, as long as you can pay for it(or in my case be paid to do it).

LBD said...

The smell of fresh painted firewood in the morning! Thanks HGTV!

Rob Dawg said...

Volvo twin turbo diesels with closed cooling exchange system for the win. But what percentage of motors out there are the newer long lasting designs?

Rob Dawg said...

And "rope." Even the best stuff rots and unless you are really good you'll need a rigger to do it for you. And I thought rock climbing rope was expensive.

Rob Dawg said...

New post. Interesting coincidence.

sm_landlord said...

If anyone needs a marine engine still in the crate, let me know. It's been sitting in storage for years.

Rob Dawg said...

Just keep the IO-360 safe. That's all I ask. ;)

Rob Dawg said...

Actually it doesn't matter anymore. I can buy a four stroke "model" engine that puts out more hp than the original Wright engine. Weighs less than 5 lbs.

Lawyerliz said...

But those diesels get hardly any use.

Rob Dawg said...

You cannot recharge the scuba tanks with sail power. Or so I am told by people who might know people who are rich enough to engage in such expensive distractions.

Cinco-X said...

Had an Uncle stationed in sunny Sinop, Turkey during '63 where there was a diesel generator that had been running continuously since '48... There were two oilers working 12 hour shifts, and it had pistons the size of 30gal. drums. Probably running at about 90rpm, geared up to provide 50-60Hz ac... Never. Stopped. Not once in 17 years...