Here’s a novel Real Estate idea: Sell your house like any other product to a willing buyer . . . Have them pay for their purchase, and then cart it away!
click for larger photos
This Glen Head house is about 2 miles from me . . .
House for Sale (Delivery Not Included)
January 4, 2006 1:30pm by Barry Ritholtz
This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers Please see disclosures here: https://ritholtzwealth.com/blog-disclosures/
What's been said:
Discussions found on the web:Posted Under
Previous Post
McCulley on MEWNext Post
Cult of the Bear, Part 1
But, but…
What’s the asking price?!
Someone will eventually figure out how to take west coast real estate and put it on an (otherwise empty) boat to China … a new export industry beckons.
Which is more valuable– the house or the lot?
I’m willing to bet that the lot is worth a million and the house is worth zero.
I suspect someone has already bought the lot and will tear the house down if no one takes it.
See what they will offer your to take it off their hands.
The main expense in moving a house to a new lot is you have to pay the electric company to lift the power lines as you move it down the street. My local utility charges $2,000 per lift.
Count the number of power lines you have to cross between its current loation and the new lot you want it on. This could be very affordable or very, very expensive.
brad-
not China but other parts of U.S.
California’s new internet enterprises enable migration from California.
china may consume a lot of U.S. stuff. A lot of it may be copied. Digital Rights Management!
spencer, how can you say that? The house can not be worth zero. (no matter your appreciation for heritage architecture –think of the beams between it and the trailer: $$$) Lovely gambrel roof. There are tons of folks (yes real folks, not ordinary people) who would just love to paint this beauty year after year. No stucco box for them.
It looks like the complement of ‘infill’. These old gems straddling(?) a couple of lots look out of place with those triple garages, so out they go. This one was worth saving –ask Mrs spencer.
If the main cost in shipping a house is lifting power lines, then maybe it would be cheaper to ship it to China – at least if it is currently near the coast. No power lines over the Pacific!
Calmo — I’m an economist– the house is worth what someone is willing to pay for it.
Barry –
I am a Glen Header. What road is this hiouse on?
Who’s to say that China’s not going to start exporting prefab homes to the US at a discount to US construction prices?
Spencer
Its on Cherry, off of Locust —
to get there, take Glen Cover Road North — turn West (kinda) on McCouns behind Brookville deli
http://maps.google.com/maps?f=q&hl=en&q=cherry+st+and+locust+ave++glen+head+ny&btnG=Search
Good article! Here’s another opportunity to buy a house for $1.00 — you haul. This one is a one-of-a-kind architecturally-designed home that was cutting edge at the time it was built.
http://360digest.com/2006/01/05/free-house-you-haul/
hello pls we need the estate we saw the pics today pls kindly send the picture to my mail box now pls we need the estate urgently we want to buy it now and all what in thge comp[ound on
similar situation in city of Orange, California $1 to purchase the house, $40,000 to relocate, and construction costs is another story.