Monday, March 12, 2018

The Canary is "singing"

Longtime readers know I use Wrightwood CA 92397 as an early warning for changes to the general housing markets.  A mix of vacation homes, relatively inexpensive housing, escape from the High Desert all with limited supply makes for a good barometer. 

Here's what I just found:
Owner spent 100K on complete designer remodel with high end upgrades, European Stainless steel Appliances.This charming Jewel is nestled on a corner lot on a lovely private road Elite Acorn. High wood beam ceiling and floors are through out the floor plan. French doors in every room that give entry to a large wrap-around deck allows this lovely cabin to live much larger then it is . Beautiful stone fireplace, stainless steel appliances, chiseled granite counter tops and spacious kitchen , bar and bath. Charming chandeliers custom made and fixtures add to this one of a kind mix of contemporary design. This Diamond in the woods must be seen to be appreciated. It currently rents out as a vacation rental for $250.00 a night. Being sold with All the furnishing Ready to Go to start your own Vacation Rental business. 
It's like the last dozen years never happened.  

All this suggests to me a "stumble" in housing prices.  A quick, orderly 15%-20% drop in sales prices followed by a steady inflation plus return to increasing prices.  
What company is crazy enough to write fire coverage? 

14 comments:

Rob Dawg said...

Happy anniversary of the blizzard of 1888.

Lawyerliz said...

That's cute at 150 or 200k.

Lawyerliz said...

Why spend that much unless you plan to live there?

Rob Dawg said...

Both of you: EXACTLY.

Even living there it it is finished ready to move in overpriced.

At $170k I'd buy it and taker my chances with no fire insurance.

LBD said...

Kali match box real estate but it can only go up! Right? LOL!

Rob Dawg said...

Anyone want artsy fartsy garden photos?

LBD said...

Sure! Maybe I will throw a couple of steel flowers back at ya. :)

Lawyerliz said...

I do, I do. Fighting with computer
Hub thinks there is something really wrong with it.

TJandTheBear said...

I take it you don't subscribe to a Japan-like slide?

Lawyerliz said...

Good morning I guess. Bones ache. Grumble.

Lawyerliz said...

????

LBD said...

Good Morning!

Clear and back in the mid 50's today.

T keeps the board room fresh with another firing and keeps putting another notch in his belt. He's not doing to bad IMO. Hillary continues falling down stairs on her sob tour.

Cinco-X said...

They had forecast as much as 24" at one point, but I think they've backed it off to 12 as of now...I hope it stays on the low side

Rob Dawg said...

Distracting new post for our friends experiencing so much global warming.