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Foreclosures come to McMansion country
Reuters via Yahoo ^ | 4/06/07 | Andy Sullivan

Posted on 04/06/2008 6:50:49 PM PDT by Santa Fe_Conservative

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1 posted on 04/06/2008 6:50:49 PM PDT by Santa Fe_Conservative
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To: Santa Fe_Conservative

I live here. My wife and I just went out to dinner tonight, driving by the McMansions on rt. 7, laughing our heads off. They are simply ridiculous and atrocious in appearance. And that double-gable look, with the HUUUUUUUUUUUUUUUUGGGGGGGGGGGGGGGGEEEEEEEEEEEEEEEEEE white deck running the length of the back of the house is gonna look REAL dated in about an hour and a half from now. When you look at the stately and gorgeous all brick federals built here in the 20 and 30 sitting on an acre or more of land, which could be had for less than half what a mcmansion goes for, well... There’s a sucker born every minute.


2 posted on 04/06/2008 7:03:01 PM PDT by ProfessorGage
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To: ProfessorGage

they demonstrate the classic syndrome of “champagne taste on a beer income.”


3 posted on 04/06/2008 7:10:08 PM PDT by elpadre
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To: ProfessorGage
Yes, but what will be done with them?

Part out the fancy plumbing and countertops to sell in India and Eastern Europe? Burn the wood in a regen plant?

4 posted on 04/06/2008 7:14:23 PM PDT by bvw
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To: elpadre

I’m always afraid, when dealing with this subject, of sounding like a little liberal maggot — staring down his nose at “Americans in their materialistic society, and their conspicuous consumption” (just think of that HORRIBLE 60s song “Pleasant Valley Sunday”), but here in richville USA, Loudoun County, I see thousands and thousands of people who believe it is a felony to drive something other than a $60,000 suv, a BMW, or a Mercedes, they must have a boat and they must have a real ugly McMansion. It’s a tad revolting.


5 posted on 04/06/2008 7:15:11 PM PDT by ProfessorGage
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To: Santa Fe_Conservative
These houses are sometimes nicknamed "McMansions," disparaging both their extravagance and their look of mass production -- like hamburgers from a McDonald's restaurant.

"And they're all made out of ticky tacky and they all look just the same".

6 posted on 04/06/2008 7:16:17 PM PDT by Graybeard58
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To: ProfessorGage

It’s just the culture of the area. It’ll change.


7 posted on 04/06/2008 7:16:51 PM PDT by durasell (!)
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To: Santa Fe_Conservative
A 7,300-square-foot mansion on Spectacular Bid Place...

Developers are really in a race to the bottom on street names. ;)

8 posted on 04/06/2008 7:17:18 PM PDT by Mr. Jeeves ("Wise men don't need to debate; men who need to debate are not wise." -- Tao Te Ching)
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To: Santa Fe_Conservative

The house next door to me was foreclosed, and sitting empty for 3 years. The original asking price was $350,000, it sold for half of that.

New owners just moved in. I haven’t met them yet, all I know is they have a pit bull bitch and 7 puppies.


9 posted on 04/06/2008 7:17:30 PM PDT by Alouette (Vicious Babushka)
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To: Mr. Jeeves

I almost wonder if that’s a misprint — it’s REALLY horrible as a name, unless it’s the name of a race horse, perhaps. That’s exactly what it sounds like, anyway.


10 posted on 04/06/2008 7:19:39 PM PDT by ProfessorGage
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To: ProfessorGage

I suspect a goodly number of the McMansions in trouble are owned by “liberal maggots,” don’t you??


11 posted on 04/06/2008 7:19:43 PM PDT by elpadre
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To: elpadre

God, I hope so.


12 posted on 04/06/2008 7:20:23 PM PDT by ProfessorGage
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To: ProfessorGage

It is named after the Kentucky Derby-winning horse - it’s just profoundly stupid. ;)


13 posted on 04/06/2008 7:22:21 PM PDT by Mr. Jeeves ("Wise men don't need to debate; men who need to debate are not wise." -- Tao Te Ching)
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To: Alouette

“a pit bull bitch and 7 puppies.”

Oh, dear.


14 posted on 04/06/2008 7:22:32 PM PDT by Marie2 (I used to be disgusted. . .now I try to be amused.)
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To: Mr. Jeeves

I am going to wear my arm out patting myself on the back for that one! I KNEW it sounded like a race horse!


15 posted on 04/06/2008 7:23:59 PM PDT by ProfessorGage
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To: ProfessorGage

This is a funny, yet sad, thread.


16 posted on 04/06/2008 7:24:43 PM PDT by AmericanInTokyo (McCAIN Has Not Become a CONSERVATIVE. So Why The Hell Should *I* Become A RINO?)
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To: bvw
"Yes, but what will be done with them?"

Make them into poor houses and debtor's prisons.

17 posted on 04/06/2008 7:27:13 PM PDT by 2ndDivisionVet (Knowledge for Battle!)
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To: bvw
Yes, but what will be done with them? Part out the fancy plumbing and countertops to sell in India and Eastern Europe? Burn the wood in a regen plant?

If people were free to conduct business enterprise, they'd for sure go to some great uses. But expensive and cumbersome regulation makes perfectly lovely business enterprise opportunities rot like unpicked fruit. Disgusting.

I live in an area with multi-million dollar "McMansions," and I often walk in the nice gated neighborhoods. Most of them are very custom and lived in, though there's a good amount that look unoccupied, and these places are VAST. I can easily imagine these enormous, ridiculous homes 40 years into the future, sitting empty or run-down. I like to fantasize that a wonderful wild sense of commerce is unleashed because the places have such great potential for all kinds of enterpising things. Bed & Breakfast places, homey pet-sitting services, boarding houses, small personalized rest and care facilities for old folks -- they could be so many great things if the government would STAND ASIDE.

18 posted on 04/06/2008 7:30:05 PM PDT by Finny (Democrats play Big Mommies. Liberal Republicans play Big Daddies. Conservatives are the adults.)
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To: Santa Fe_Conservative

This article is rather deceitful. (But it’s Reuters, so you don’t expect much.)

In Loudon County the vast majority of homes going into foreclosure are those that were overcrowded dorm homes for illegal aliens. Period.

What you are seeing is a common deception increasingly being used by the MSM and the Chamber of Commerce and the Wall Street Journal as a way of deflecting attention away from the crux of he mortgage problem, subprime loans in vast numbers to the millions of illegal aliens (30-40 million is the real count) whose invasion over a few years made a lucrative demand for housing.

The McMansion foreclosures are insignificant and are in the same proportion of defaults or sluggish sales of these expensive homes as in past recessions. Many of these homes, contrary to the tone of this article, are NOT into foreclosure - they are homes that were too expensive and never sold as rich or proto-rich customers faded away with the slowing economy.


19 posted on 04/06/2008 7:30:44 PM PDT by oldbill
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To: ProfessorGage

I found a house in Clarke Co (on Mount Weather) that I REALLY wanted. First one I had seen that would get me to sell this dump in Falls Church.

The CC place was a 200 year old stone farmehouse, on 100 acres.

They were asking 1.4M for it though, so I walked away.

Sigh.


20 posted on 04/06/2008 7:33:31 PM PDT by patton (cuiquam in sua arte credendum)
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