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What You Get for ... $300,000
NY Times ^ | January 17, 2007 | ANNA BAHNEY

Posted on 01/18/2007 7:32:21 PM PST by Lorianne

GULF SHORES, AL

WHAT: One-bedroom condo

HOW MUCH: $299,000

PER SQUARE FOOT: $610

This 490-square-foot unit is on the fifth floor of the Gulf Shores Surf and Racquet condominium complex. Situated along the Gulf of Mexico, the area is known for its fishing and golfing. The development offers an outdoor pool, hot tub, tennis and racquetball courts, a fishing pier and barbecue area. This unit comes furnished and includes deeded beach access and covered parking. The unit has one bath and an open kitchen. It has a view of Little Lagoon. The annual taxes are $324.06 and the condominium fee is $129 per month.

BAR HARBOR, ME

WHAT: Five-bedroom house

HOW MUCH: $299,000

PER SQUARE FOOT: $186.87

Built in 1930, this 1,600-square-foot farmhouse is near town amenities in Bar Harbor, which is on the east side of Mount Desert Island and surrounded by Acadia National Park. The area offers year-round recreation like fishing, boating, hiking, biking and cross-country skiing. On the main floor of this three-story home is the kitchen, dining room and living room. The second floor has the master bedroom, two additional bedrooms and a full bath; two more bedrooms are on the third level. The annual taxes are $2,041.70.

PORTLAND, OR

WHAT: A one-bedroom loft condominium

HOW MUCH: $299,900

PER SQUARE FOOT: $421.20

This 712-square-foot loft in a 1910 building is in the Pearl District of Portland, a recently gentrified neighborhood known for its shops, galleries and restaurants. The unit comes with one parking spot, but the building is also near a light-rail line. The condo has 14-foot ceilings, with exposed wood beams and posts. The taxes are $137 annually and frozen until 2016, and the monthly condo maintenance fee is $154.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy
KEYWORDS: housing; landuse; propertyrights
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1 posted on 01/18/2007 7:32:22 PM PST by Lorianne
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To: Lorianne

I dislike clicking on the NYslimes and giving them a hit. What's the purpose of this article, if I may ask?


2 posted on 01/18/2007 7:34:32 PM PST by processing please hold (ROP and Open Borders-a terrorist marriage and hell's coming with them)
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To: Lorianne
$300,000. will buy you the Presidential Palace in Youngstown, OH.

Plus, a bunch of closed steel mills.

3 posted on 01/18/2007 7:36:26 PM PST by fat city (What part of cognitive dissonance don't you understand?)
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To: Lorianne
I bought a three bedroom condo with almost 1500 sq ft for less than those listed in the New York Times. Those are either smallish or the condo fees are steep and maybe way too many amenities.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

4 posted on 01/18/2007 7:38:06 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Lorianne

That doesn't count the insurance.


5 posted on 01/18/2007 7:40:49 PM PST by kinoxi
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To: processing please hold; Lorianne
What's the purpose of this article, if I may ask?

Lorianne is either an architect or an planner who has bought into the idea of new urbanism, "planned" growth, and controlling "sprawl"; all of which is supposed to prevent this sort of excess while restricting your, my, and everyone else's housing choices.

Sometimes, Lorianne finds it necessary to post these sorts of things in order to further the notion that it's necessary to advance the United Nations' Agenda 21.

6 posted on 01/18/2007 7:44:27 PM PST by elkfersupper
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To: Lorianne
"Situated along the Gulf of Mexico, the area is known for its fishing and golfing devastating hurricanes."

There, that's more like it.

7 posted on 01/18/2007 7:44:46 PM PST by Darnright
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To: kinoxi
Interior insurance is extra. Its like renters insurance in that you insure your personal possessions within the walls. If I were married, I'd have gone ahead and bought the home I wanted but I don't have time to take care of the lawn and remove snow where I live so I opted for condo life. I just hate external chores and would rather take care of the inside which is what I can attend to as a homeowner.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

8 posted on 01/18/2007 7:48:34 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Lorianne
On the Bar Harbor house...1,600 sq. feet and five bedrooms? Unique layout fer sure...
9 posted on 01/18/2007 7:50:58 PM PST by PennsylvaniaMom (Just because you're paranoid doesn't mean they aren't out to get you...)
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To: Lorianne

Obligatory "Goodbye City Life" graphic.

10 posted on 01/18/2007 7:51:54 PM PST by martin_fierro (< |:)~)
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To: elkfersupper
Thank you.

Agenda 21 *spit*

un *loogie spit*

11 posted on 01/18/2007 7:52:20 PM PST by processing please hold (ROP and Open Borders-a terrorist marriage and hell's coming with them)
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To: Lorianne

If you have enough to retire there are some good deals out there.


12 posted on 01/18/2007 7:53:24 PM PST by durasell (!)
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To: goldstategop

The insurance is mandatory for most condos (at least in the Florida section of the emerald coast). As of last year when I was down there looking it was almost as much as the actual housing payments. It wasn't a very good time to buy. Beautiful but not worth it.


13 posted on 01/18/2007 7:54:57 PM PST by kinoxi
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To: Lorianne

Of the three, I'll take Bar Harbor.


14 posted on 01/18/2007 8:10:37 PM PST by Cicero (Marcus Tullius)
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To: kinoxi
Since insurance companies won't insure in Florida... at any price these days.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

15 posted on 01/18/2007 8:15:01 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Lorianne

In San Diego County it will get you a small bare city lot!


16 posted on 01/18/2007 8:18:47 PM PST by dalereed
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To: dalereed
That's why I left California. FWIW, my condo purchase in Colorado is well below the 225K national median.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

17 posted on 01/18/2007 8:21:54 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Lorianne

For $350,000 I'd sell my Oceanfront building lot on the West Coast of Washington state.

The view is stunning.


18 posted on 01/18/2007 8:23:51 PM PST by proudpapa (Forget Rudy McRomney it's Duncan Hunter in '08!)
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To: goldstategop
Since insurance companies won't insure in Florida... at any price these days.

Total hogwash. I live in Florida. I have insurance, and I'm within a mile of the water.

19 posted on 01/18/2007 8:26:10 PM PST by highimpact
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To: elkfersupper; processing please hold

You are advised not to speak for me. I can answer my own questions.


20 posted on 01/18/2007 8:26:30 PM PST by Lorianne
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To: processing please hold

It's OK by me if you take the word of someone who supports public thrashing of illegal aliens.


21 posted on 01/18/2007 8:29:19 PM PST by Lorianne
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To: dalereed

It'll get you a tenement walk-up in Honolulu


22 posted on 01/18/2007 8:30:10 PM PST by Lorianne
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To: Darnright
"Situated along the Gulf of Mexico, the area is known for its devastating hurricanes."

I have survived volcano's (lived within 60 miles of St. Helens in 1980), ice storms, fire storms, blizzards, droughts, hurricanes, and floods. Those of us who live on the gulf coast enjoy the golf and the fishing. It's a choice we make. You're not immune to natural disaster, no matter where you live. Hurricanes are simply the price we pay for living in paradise.

23 posted on 01/18/2007 8:33:57 PM PST by highimpact
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To: highimpact
Until your insurer decides not to renew because of the risk. Then they'll price homes along the waterfront so high that the only people who can afford to live there are the relatively wealthy. A place with a view in hurricane-afflicted regions of the United States may soon become a luxury.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

24 posted on 01/18/2007 8:35:00 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Lorianne

Who would live in a flop house, that isn't housing!


25 posted on 01/18/2007 8:36:02 PM PST by dalereed
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To: Lorianne
It's OK by me if you take the word of someone who supports public thrashing of illegal aliens.

Thank you for permission./sac

As a matter of fact-I do support it. What care I about illegal alien criminals invading my country. Thrash 'em all the way back to where they come from.

26 posted on 01/18/2007 8:37:50 PM PST by processing please hold (ROP and Open Borders-a terrorist marriage and hell's coming with them)
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To: Darnright

I agree. It's terrible down there. Sell your condo's and come get your parents.


27 posted on 01/18/2007 8:39:12 PM PST by ekwd (Murphy's Law Has Not Been Repealed)
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To: Lorianne; elkfersupper; processing please hold

You can certainly speak for yourself, but, respectfully, what IS the point of the article? Stuff costs a lot some places? Yeah, $200.00 will get me a burger and a beer at some high falutin' celebrity hangout. That's why I don't eat there. I can get the same thing on the corner for $10.00. Likewise, I don't live where a closet costs $300,000.


28 posted on 01/18/2007 8:43:24 PM PST by Larry Lucido
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To: processing please hold

What elk said I believe is not only totally wrong, it has nothing to do with this article.

By the way, you don't have to click on the link. I posted Everything except the realtor's names and telephone numbers.

The point of posting it was just to discuss the disparity of housing prices across the country.


29 posted on 01/18/2007 8:44:26 PM PST by Lorianne
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To: Larry Lucido

The point of posting it was just to discuss the disparity of housing prices across the country. Obviously, prices are higher in cities and in desirable areas.

That was all. There was no other purpose.


30 posted on 01/18/2007 8:45:38 PM PST by Lorianne
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To: goldstategop
Until your insurer decides not to renew because of the risk. Then they'll price homes along the waterfront so high that the only people who can afford to live there are the relatively wealthy.

I just renewed my policy. If I can afford it, it's none of your concern. Besides, what business is it of yours if I'm "relatively wealthy?" I thought this was a conservative thread, where personal accomplishment was celebrated. You choose where you want to live, and I'll choose where I want to live.

31 posted on 01/18/2007 8:47:25 PM PST by highimpact
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To: Lorianne
The only good investment I ever made was purchasing a 2 bedroom 1 bath 810 sq ft cabin in South Lake Tahoe in 1989. Got it for 41k.

The payments are very small, taxes are too. I put it on the market then changed my mind in 2005, but not before I had an several offers, the highest was for 349K.

It is not worth as much today, down about 20K, but it doesn't matter because I love it up there in the spring and summer and will keep it until I can't make the drive up there any longer.

32 posted on 01/18/2007 8:50:28 PM PST by PISANO
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To: Larry Lucido
I can get the [beer and burger] on the corner for $10.00.

Holy ****, that still sounds pricey to this greybeard.

33 posted on 01/18/2007 8:56:34 PM PST by dighton
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To: highimpact
Total hogwash. I live in Florida. I have insurance, and I'm within a mile of the water.

You might want to read the fine print!

34 posted on 01/18/2007 9:01:36 PM PST by Cementjungle
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To: dighton

http://abcnews.go.com/US/wireStory?id=2101974&CMP=OTC-RSSFeeds0312


35 posted on 01/18/2007 9:01:44 PM PST by durasell (!)
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To: processing please hold; Lorianne
What's the purpose of this article, if I may ask?
___________________________________________________________

Hey everyone! We're gonna party at Lorianne's house! Don't worry about getting trashed; there's five bedrooms and plenty of room to crash!

While we're there we're gonna go fishing, boating, biking and cross country skiing! Lorianne said she's gonna take us to some great local restaurants!

Best of all; it's all free!

**** SERIOUS SARC TAG****
36 posted on 01/18/2007 9:04:39 PM PST by Grizzled Bear ("Does not play well with others.")
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To: goldstategop
My question is, if a house is not insurable, would it not devalue the property? I certainly wouldn't buy if I were on my own for replacement costs. A hurricane is not the only disaster that could wipe you out. That would make it an undesirable property to me.
37 posted on 01/18/2007 9:15:36 PM PST by Boiling point (My tag line is grounded for misbehaving.)
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To: Lorianne

That's fine. I'm looking at a weather map of the U.S. and seeing some serious temperature disparity. Fairbanks is really cold, Miami is in the 70's. But, really, what's to discuss? It's a big country. Temperatures vary, prices vary - nothing shocking, sinister or even remotely of concern (at least not to me). I don't go to Fairbanks in January, and I don't buy condos in midtown Manhattan. If folks wanna do either of the above, God bless 'em.


38 posted on 01/18/2007 9:38:28 PM PST by Larry Lucido
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To: dighton

Well, ya gotta tip the bartender, you know. :-)


39 posted on 01/18/2007 9:40:54 PM PST by Larry Lucido
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To: Lorianne
In 1971 I paid $22,000 for my first condo - 800 sq. ft, 2 BR, in Placentia, CA (Orange County).
40 posted on 01/18/2007 9:43:45 PM PST by BlazingArizona (co)
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To: Lorianne
Ha ha ha ha ha ha. This is funny. I'm not going to tell you what a small condo would cost you here on Maui. Guess. I'm building a fence on a ocean front property in Kihei right now. The lot was 13 million and the house is about 7 million. The fence is going to be about 22,000 dollars. (bamboo) Of course if you don't have that kind of money you can buy a condo with no view of the ocean for 600 thousand and up.
41 posted on 01/18/2007 9:45:04 PM PST by fish hawk (. B O stinks. That would be body odor and Barak Obama)
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To: Lorianne

And out of fairness, Lorianne, some respondents might be confusing you with the one or two folks on FR who seem to have a morbid obsession with housing prices and interest rates, and who post doomsday thread after doomsday thread as though the world will end unless we all do......well, something, but they never quite say just what.


42 posted on 01/18/2007 9:47:11 PM PST by Larry Lucido
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To: Larry Lucido

I'm a free market advocate. As we can see from this thread alone, some people have made a lot of money on real estate that has gone up in value!

I'm quite intersted in real estate valuation and trends. Some people can make anything into something sinister.


43 posted on 01/18/2007 9:54:11 PM PST by Lorianne
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To: Grizzled Bear

Cross country skiing in Honolulu? :)


44 posted on 01/18/2007 9:54:57 PM PST by Lorianne
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To: highimpact
Total hogwash. I live in Florida. I have insurance, and I'm within a mile of the water.

Thanks to Uncle Sam. Every home owner in Florida is suckling off big government's teat, after Andrew.

45 posted on 01/18/2007 10:00:01 PM PST by Alter Kaker ("Whatever tears one sheds, in the end one always blows one's nose." - Heine)
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To: Lorianne

Very true!


46 posted on 01/18/2007 10:03:22 PM PST by Larry Lucido
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To: Alter Kaker

Not true. Our biggest customer moved into the Florida market to do Hurricane Insurance a few months ago and is getting customers through the roof.


47 posted on 01/18/2007 11:04:37 PM PST by neb52
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To: goldstategop

You got a good deal. My Step Grandparents paid $350,000 for a 2 Br in Frisco. I think that was 4-5 years ago.I think it is worth a little under $400,000 now.


48 posted on 01/18/2007 11:06:17 PM PST by neb52
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To: neb52
Not true. Our biggest customer moved into the Florida market to do Hurricane Insurance a few months ago and is getting customers through the roof.

But only because of government loan guarantees and subsidies. There's no shortage of customers in Florida, there's an excess of potential liability, which is why no insurer can afford to insure Florida without Uncle Sam's helping hand.

49 posted on 01/18/2007 11:44:03 PM PST by Alter Kaker ("Whatever tears one sheds, in the end one always blows one's nose." - Heine)
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Comment #50 Removed by Moderator


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