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We're hitting peak market pricing, and Owl's Head is back just in time. How apropos! :)

Low interest rates are the primary driver, and we likely won’t see a large change in those for a while. As long as money is cheap to borrow, consumers are going to buy property. Couple that with the pandemic coming to an end, you’ll see more inventory and more buyers enter the market. (It’s a...

Is that on 98? I can't place this building.

http://www.boston.com/bigpicture/2011/06/here_comes_the_sun.html Here comes the sun, here comes the sun, and I say it's all right It's all right June 21st is gone, the days start getting shorter.. boo hiss.

http://www.newyorker.com/online/blogs/susanorlean/2011/06/the-too-big-house.html#ixzz1Q16GMaCq http://www.notsobighouse.com/ Sounds familiar. I'm a fan of not-so-big - I think McMansions are a waste of space and resources. Down here due to limited land availability it seems people build up...

The outcome here may be very good regardless of who wins in that it may force the county to finally clarify the code.

Sanctuary at Redfish has seen similar depreciation - I found a few that went from around $1,150,000 -> 210K then were sold off by a flipper for around 250K. I feel sorry for the folks who got sucked into that auction back in 2008.

No easy money, no major problem with speculators. I have seen some cash rich flippers move in, they are buying up distressed sales, cleaning them up, and flipping them for small percentages. I don't see that having a big impact on price though, they are walking down the slope tossing rocks up...

Ha, sorry. The chart just looks like a snake that swallowed a pig. :D

Odd, that brief basically admits that "non-residential use" is totally undefined in the code, yet, the court claimed the Bennet's were in violation of the undefined code.

I'm not convinced we've reached a bottom on pricing, and I'm concerned about a sharp run-up in inflation that could destroy real value. I still poke through the listings though looking big high and dry lots or big lots with nice homes, but generally I'm still in a 'wait and see what happens...

http://en.wikipedia.org/wiki/Lis_pendens It's a graph of the number of Lis Pen (attempt to foreclose) filings at the court. These generally represent the start of the overall foreclosure process on property. It doesn't represent the real number of properties because these filings are often...

A major pop in filings isn't showing up in county records - the pig is well within this snake at this point. Although I have no idea how many homes are still owned by the banks - my observations here in my neck of the woods (SD) indicate foreclosures are getting sold off at a pretty fast clip.

Does anyone have a link to the text of the county code that is supposedly being violated here?

Homeowners have the ability to set local (HOA based) covenants and restrictions. They also have legal recourse when major issues arrive. General purpose county codes should be enforced conservatively because there are numerous levels of authority beneath the county local homeowners can rely on...

Well, we have a major business sector here - short term rentals of homes. These rentals are usually in homes that are in areas zoned residential. But short term renting is definitely commercial use. Is this a violation of the code as well? It sounds to me like there's a risk here of "mission...

I hope the Bennet's win. It is amazing to me that a county with high unemployment and incredibly limited business possibilities would allow code enforcement to come down on anyone thinking outside of the box, especially when the codes they enforce are as merky as these are. (If the Bennet's...

That sounds about right, the county shows a sum total of 2 sales this year plus what looks like a swap on two lots. Maybe they had a really good month of June? :idontno:

I just received a free $5.00 gift card in the mail from them. :)

The place was packed, I couldn't get through the door. The parking lot was 100% full. Crazy!

I don't understand this, maybe you could enlighten me. Why would you buy and hold a non-dividend paying stock for 50 years? Where do you anticipate the pay off? Do you expect JOE to start paying a dividend at some point, in which case why purchase before they do? Also, since most folks start...