The Atlanta Journal-Constitution recently posted a filler article in their home section called "How to tell if your house is HIP".
HIP? Why the hell should owners be concerned if their house is "HIP"?
Look, unless you’re a big-name celebrity and your house is showing up on MTV’s "Cribs" or Home and Garden TV, making sure your house is "hip" is the LEAST of your concerns!
If you want to be concerned about something with the house, how about making sure that your house is MARKETABLE? You know that vague sucking sound you’ve been hearing? That’s the so-called "housing bubble" as it slowly caves in. Sure, the air-fluffed media and the power-whores in the government don’t want to admit it, but the market is already past its peak and slowly collapsing.
Having a $400,000 home only works if you are able to SELL it for that much! If your house is appraised (and taxed) at $400,000 and you can’t sell it for anything more than $250,000, then not only was your house’s worth over-inflated, but you were essentially getting ROBBED by all of the taxes you had to pay on it at the inflated price.
Besides, houses aren’t supposed to be "hip". Cars can be "hip". Clothing can be "hip". Music can be "hip" (and "hop"). Houses are just houses. Its value isn’t momentary. Its value is monetary. Its value is long-term. It’s what you put INTO it that makes it a home, and that is a reflection of yourself. If your house isn’t "hip", it’s not because of the building, but rather because of the occupant.
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2 comments:
I live in San Francisco; I own several properties in SF and my last purchase was 1982. I was the first person in six months to put a bid on the house I currently live in.
From 1984 forward homeowners in my neighborhood who put their property up for sale received manny bids. Most of the bids were way over the asking price.
My question: are we going back to 1982 when a homeowner is happy to receive one bid?
It's strange, because every time my folks put their house on the market, it's a struggle just to get a bid, never mind take it to closing. And every time they did, they were told that it was a "seller's market" and that the bids would come flying in.
In many ways my folks were lucky they were able to sell their house earlier this year. Their next-door neighbors were trying for several years and they couldn't even get a bid without cutting their price down to half its appraised value.
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