Comments on: 120K House is Back on the Market http://www.100khouse.com/2009/04/07/120k-house-is-back-on-the-market/ The former home of the 100k Blog Wed, 01 Feb 2012 22:21:06 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Postgreen Homes Sales Updates « the latest architectural news http://www.100khouse.com/2009/04/07/120k-house-is-back-on-the-market/comment-page-1/#comment-4118 Postgreen Homes Sales Updates « the latest architectural news Tue, 21 Jul 2009 04:13:08 +0000 http://www.100khouse.com/?p=837#comment-4118 [...] of you remember reading about the 120k house going back on the market. We posted that when our first buyers, for reasons of their own, decided to back out. What we [...] [...] of you remember reading about the 120k house going back on the market. We posted that when our first buyers, for reasons of their own, decided to back out. What we [...]

]]> By: Postgreen Homes Sales Updates | 100K House Blog http://www.100khouse.com/2009/04/07/120k-house-is-back-on-the-market/comment-page-1/#comment-3932 Postgreen Homes Sales Updates | 100K House Blog Wed, 03 Jun 2009 14:59:46 +0000 http://www.100khouse.com/?p=837#comment-3932 [...] of you remember reading about the 120k house going back on the market. We posted that when our first buyers, for reasons of their own, decided to back out. What we [...] [...] of you remember reading about the 120k house going back on the market. We posted that when our first buyers, for reasons of their own, decided to back out. What we [...]

]]> By: CSM http://www.100khouse.com/2009/04/07/120k-house-is-back-on-the-market/comment-page-1/#comment-3812 CSM Thu, 30 Apr 2009 16:25:07 +0000 http://www.100khouse.com/?p=837#comment-3812 Like the "case in point", I live in a wonderful neighborhood in downtown Philadelphia but am paying about the same price for a house two thirds of the size as the ones developed by postgreen. (The case above is about half the size of 120k house). Additionally, Philadelphia, like many cities, has neighborhoods which change socio-economic demographics in a matter of blocks. Plus, you have to deal with all the poeple coming into your neighborhood and the center city area who aren't stakeholders in it's physical or phsycological comfort. So, "tolerating ghetto conditions" in a rapidly developing, culturally alive, and innovative area (with more room!!!) is a worthwhile investment that I think many city residents would seriously consider. Especially, the younger, educated, and moderatly well paid ones :) The grass isn't necessarily greener down here on the concrete schoolyard... Like the “case in point”, I live in a wonderful neighborhood in downtown Philadelphia but am paying about the same price for a house two thirds of the size as the ones developed by postgreen. (The case above is about half the size of 120k house). Additionally, Philadelphia, like many cities, has neighborhoods which change socio-economic demographics in a matter of blocks. Plus, you have to deal with all the poeple coming into your neighborhood and the center city area who aren’t stakeholders in it’s physical or phsycological comfort.

So, “tolerating ghetto conditions” in a rapidly developing, culturally alive, and innovative area (with more room!!!) is a worthwhile investment that I think many city residents would seriously consider. Especially, the younger, educated, and moderatly well paid ones :)

The grass isn’t necessarily greener down here on the concrete schoolyard…

]]> By: Richard Alexander http://www.100khouse.com/2009/04/07/120k-house-is-back-on-the-market/comment-page-1/#comment-3807 Richard Alexander Tue, 28 Apr 2009 18:10:20 +0000 http://www.100khouse.com/?p=837#comment-3807 Case in point: http://realestate.yahoo.com/Pennsylvania/Philadelphia/261-s-24th-st:9bd5fae9491cc185dba44849dc605471;_ylt=ApSxxH_PjIqIDHwxLFWalYpn47Qs Case in point:

http://realestate.yahoo.com/Pennsylvania/Philadelphia/261-s-24th-st:9bd5fae9491cc185dba44849dc605471;_ylt=ApSxxH_PjIqIDHwxLFWalYpn47Qs

]]> By: Richard Alexander http://www.100khouse.com/2009/04/07/120k-house-is-back-on-the-market/comment-page-1/#comment-3806 Richard Alexander Tue, 28 Apr 2009 18:08:34 +0000 http://www.100khouse.com/?p=837#comment-3806 Yes..exactly...by letting felons run amok in the mortgage business writing $500k loans when they couldn't even get $9/hr jobs at Wal-Mart with a criminal history. That's why home prices from the Bush Administration need to be forgotten about for a long time. Every real estate bubble has it's gentrification pioneers who push further into exurbs or to inner city slums because they are driven there by rising prices. But when the market starts to fall educated, moderately well paid people are much less tolerant with putting up with ghetto conditions because suddenly they have choices. I'd be willing to bet $1 that if you try real hard you can find a very nice abode central Philadelphia in a much safer area in this price range. Yes..exactly…by letting felons run amok in the mortgage business writing $500k loans when they couldn’t even get $9/hr jobs at Wal-Mart with a criminal history. That’s why home prices from the Bush Administration need to be forgotten about for a long time.

Every real estate bubble has it’s gentrification pioneers who push further into exurbs or to inner city slums because they are driven there by rising prices. But when the market starts to fall educated, moderately well paid people are much less tolerant with putting up with ghetto conditions because suddenly they have choices. I’d be willing to bet $1 that if you try real hard you can find a very nice abode central Philadelphia in a much safer area in this price range.

]]> By: John Gasbarre http://www.100khouse.com/2009/04/07/120k-house-is-back-on-the-market/comment-page-1/#comment-3805 John Gasbarre Tue, 28 Apr 2009 16:14:45 +0000 http://www.100khouse.com/?p=837#comment-3805 The economy is in a shambles because this country's well-being was being managed by an ignorant, dim-witted, self-serving, war-hungry buffoon for eight years. The economy is in a shambles because this country’s well-being was being managed by an ignorant, dim-witted, self-serving, war-hungry buffoon for eight years.

]]> By: Richard Alexander http://www.100khouse.com/2009/04/07/120k-house-is-back-on-the-market/comment-page-1/#comment-3803 Richard Alexander Tue, 28 Apr 2009 03:18:03 +0000 http://www.100khouse.com/?p=837#comment-3803 Uh, hello, guys, the whole reason the economy is in the worst shape in 65 years and our way of life as Americans as we know it is actually in jeopardy is because people have been paying way too much for houses...nobody sees a connection here? I mean, like people with Phds in hard sciences make 100k a year but any illiterate who can convince another illiterate that 'real estate never goes down' can make multiples of that? Yeah, free market. Remember, you are free to give your money away. Uh, hello, guys, the whole reason the economy is in the worst shape in 65 years and our way of life as Americans as we know it is actually in jeopardy is because people have been paying way too much for houses…nobody sees a connection here? I mean, like people with Phds in hard sciences make 100k a year but any illiterate who can convince another illiterate that ‘real estate never goes down’ can make multiples of that? Yeah, free market. Remember, you are free to give your money away.

]]> By: Roo http://www.100khouse.com/2009/04/07/120k-house-is-back-on-the-market/comment-page-1/#comment-3801 Roo Mon, 27 Apr 2009 21:26:29 +0000 http://www.100khouse.com/?p=837#comment-3801 Dude, last I checked this was still a capitalist nation. If they can build a modern green house for $100K- $120K and the market bears them selling it for $275K, even with all publicly available info about their wholesale cost structure, then, more power to 'em. Like larvardera said, this project's been pretty transparent the whol way through, and someone obviously still cares enough to pay a tidy profit for it. My question is, how can I sign on as a project manager when you guys expand to Las Vegas? *lol* (j/k) Dude, last I checked this was still a capitalist nation. If they can build a modern green house for $100K- $120K and the market bears them selling it for $275K, even with all publicly available info about their wholesale cost structure, then, more power to ‘em. Like larvardera said, this project’s been pretty transparent the whol way through, and someone obviously still cares enough to pay a tidy profit for it.

My question is, how can I sign on as a project manager when you guys expand to Las Vegas? *lol* (j/k)

]]> By: Brian http://www.100khouse.com/2009/04/07/120k-house-is-back-on-the-market/comment-page-1/#comment-3767 Brian Wed, 22 Apr 2009 16:43:04 +0000 http://www.100khouse.com/?p=837#comment-3767 In support to Chad, I see no reason that there wouldn't be an 80k house or a 150k house based on the size/finishes of the house. In fact, having these options (and potentially more) would provide tons of choice for consumers based on their price point. Land is such a variable that it's a good idea to remove it from the equation. If I want THIS house on my lot, it's going to cost $100K or whatever. Makes it easy for me to determine what I can afford. In support to Chad, I see no reason that there wouldn’t be an 80k house or a 150k house based on the size/finishes of the house.

In fact, having these options (and potentially more) would provide tons of choice for consumers based on their price point.

Land is such a variable that it’s a good idea to remove it from the equation. If I want THIS house on my lot, it’s going to cost $100K or whatever. Makes it easy for me to determine what I can afford.

]]> By: lavardera http://www.100khouse.com/2009/04/07/120k-house-is-back-on-the-market/comment-page-1/#comment-3766 lavardera Wed, 22 Apr 2009 01:21:40 +0000 http://www.100khouse.com/?p=837#comment-3766 I think the whole 100k theme speaks to the transparency of what they are doing. How many developers would even offer a glimpse what their out of pocket is on a project? In that spirit there has been a great trading of information here on the blog, something everybody involved has valued. I think the whole 100k theme speaks to the transparency of what they are doing. How many developers would even offer a glimpse what their out of pocket is on a project? In that spirit there has been a great trading of information here on the blog, something everybody involved has valued.

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