Friday, September 12, 2014

One Million Three Hundred Thousand


One Million Three Hundred Thousand.  That's what this house just sold for!  What?  Yeah, sadly that's how things work in this town.  This house is headed for a teardown after being vacant for years.  And the sad thing is, that these houses are not being bought by young families, they are being bought by investors who will be building modern two-story homes that will be worth twice what this property sold for.  You can see this as you drive all around this town.  It is all about rich people now.

3 comments:

Anonymous said...

Is this in Venice? Looks like it should be selling for $250,000. Cute house. So sad.
Joan

Ken Spencer said...

Yes, this is next door to where Amy and Gus rent. It is about the same sized house, only this one is derelict.

ken schwarz said...

Well, it may be sad to see an old house torn down and replaced with something grander. But if small houses were never torn down there would be no Manhattan!