Quote:
Originally Posted by Grady223
Got a real estate brochure this past weekend from Coldwell Banker and noticed 13 houses on Governors Island for sale. Seems like an unusually large percentage, even for these financial times. Is there something going on there? Some reason so many are trying to bail out?
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Somehow knew this day would happen. When some of the "affordable" old school lakehouses were bought up and replaced with HUGE mansions that are difficult & expensive to maintain, we knew there would be a day when the owners would have to bail and now who can afford to buy theses places?!!
Some owners probably don't have the $$ anymore to pay all the people it took to take care of their properties and realized how much work it is to take care of it themselves. Too bad they didn't build smaller, easier to maintain properties....
I've always said, if I win the lottery I would purchase one of these mansions and tear it down so I can replace it with an old school family lakehouse with lots of trees!!