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:
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...
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.
Here they just subdivide another corn field and build. Then repaint the old fire wood and call it flip for the downstream buyer. HGTV
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
JtR's suggestion is a good one. Might as well pocket some extra profit, just remember that bad taste sells.
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