Showing posts with label neighbor. Show all posts
Showing posts with label neighbor. Show all posts

Thursday, February 7, 2008

Giving Up?


I freely admit to spying on neighbors.

However, I'm not sure you should even call these ones neighbors. House flipper realtors don't really count as neighbors.

I saw a couple in a white SUV on the driveway, talking to the "owner" flipper. I watched from my window. The conversation did not look congenial.

At first, I thought maybe it was a potential buyer, then I started wondering if it was the realtor. The couple was a man and a woman, but the woman was a lot older than the man, so I didn't think they were husband and wife, but maybe colleauges.

It looked like the owner was sort of arguing, maybe not in a contentious way, just trying to get his points across, and the couple looked like they were utterly unconvinced.

Later, I noticed that their footprints in the snow showed that they went to the front doors of the house where the electricity disconnection notices were still posted. I also noticed that the owner backed into our yard and made a mud rut with his back tire.

The next day, the real estate agent's sign was removed.

News of the housing markets just keep getting worse. I went through the back yard around the pool last night, looking for a cat and noticed that there was 2½' of water in the pool equipment room. Obviously, the drains are clogged with leaves and debris. It's possible that the cabana that they removed used to keep the water out and the deck that they replaced it with does not. I wonder how much damage the water is doing to the pool heater and filter? More money just evaporating away.

I wonder if we'll see a foreclosure sale sometime?

Postscript:

I called the realtor. It was another exercise in unreality. The secretary had a guy call me back that didn't even know that their company was listing the property. He kept trying to engage me on the phone, even when I figured out that I needed to talk to Pamela. Truly Dave, you are an idiot.

Pamela is his kindred spirit. Maybe they are brother and sister, their mental processes were certainly a match. Pamela said that they were going to "re-list" it. This is another meaningless buzz word that can mean anything they want it to mean, similar to the way they would tell us that the house was "under contract", which we were supposed to interpret as meaning that they had someone interested in buying it, when it really meant "I don't want you to think we are losers".

Pamela (if that is her real name) said the house is now $900,000 (down from $1.2 million - 25% off! that's a real sale!). They would be willing to take $875,000, as is. That means that for $900,000 he'll finish working on the house. Then she proceeded to tell me about the granite counters they are going to put in the guest house.

If this isn't like putting makeup on a pig, I don't know what is.

Saturday, July 7, 2007

The House Next Door 2


House flippers are on crack.


The house next door was purchased for $225,000 in 1990 by the last person to live there more than a couple of years. They sold it for $380,000 in 2001 to the previous crazy owner, who moved in 6 months later, that summer.


This is a continuation of the story that I first wrote about in the posting "Flip That House" on April 29th. Here we are on July 7th and the situation isn't much different.


That big pile of trash outside the house, remember that? They started dumping bags of trash over it. The bags had dirty diapers in them and burst open. Imagine living next to a house where they thought it was OK to dump bag after bag of dirty diapers out on the driveway.


I finally got pissed off and called them. There was this strange little game of cat and mouse trying to contact the guy. The number that the "owner" had given me was a loan & real estate office. The guy I talked to didn't answer the phone and the guy that did insisted I tell him what I wanted to tell the other guy. The guy asked me if I wanted to sign a contract. What the hell does that even mean? I wouldn't tell him anything, and he kept explaining that he was this guy's partner and I could talk to him. Finally, after some frustration that I would not get to talk to the owner, I started telling his "partner" about the pile of poopy diapers. You never heard anybody backpedal so fast. Suddenly, he had nothing to do with that property and he was all about getting off the phone and stopping our fruitless discussion.


Last week or so, a new For Sale sign went up.


They had not finished this little breezeway connection between the master bedroom and the "Photography Studio" that the crazy Cuban had built. They paved the area below the causeway and ran water to the building. This was the infamous $20,000 work that would increase the value of the house to $1.1 million dollars! It's not done yet. The yard is about 2' tall, completely overgrown, and the dirty diapers are still there, rotting in the hot summer sun.


The realty company is one I've ever heard of before. I spoke to my friend that used to live in the house yesterday. He called the realtors to ask them what was going on. They told him that they wanted $1.2 million for the house (remember, they only paid $605,000 for it 6 months ago, and it's in worse shape than it was). He went "WHAT! You've got to be kidding!" and the realtor immediately said, "Well, we'd be willing to negotiate... we'd be willing to take off a lot." So my friend asked, "A million?"


He was told that the entire house would be redone and ready for sale by the 24th of July and asked if he wanted to see it and if he wanted to sign a contract. He told them he'd be willing to look at it after they finished the work.


Like I said, house flippers are on crack.

Sunday, April 29, 2007

Flip that house


My boss used to live next door to my house, the house I grew up in. He bought the house from an uncouth and clueless bozo with a yappy dog that divorced soon after moving in. He lived there a while, moving out during a really contentious divorce that I found myself in the middle of.

They sold the house to a couple that allowed their children to run naked in the yard. The mother believed the angels were watching out over them, and sometimes she followed the angels into the woods, trespassing on another neighbor's land. They were loud and undisciplined and a thorough mess to live next to. They brought immigrant labor in to build a photography studio in the back yard, it was a large 2-story monstrosity that did not match the house and loomed over the poolside cabana.

They left suddenly about 3 years ago. The house sat vacant, and then was put up for sale after a few months. I think he wanted $500,000 for it (I'll check my notes). The grass in the yard would get to be about a foot tall, and then a crew would show up and chop it down and leave it all dead like a farmer's hay field. No one came by later to bale the grass, so it was quite a mess. One time we found three wet hungry kittens, lost from their mother after a mowing crew left. We still have them today - they are the best things that ever came from that house. I finally found out that someone had purchased it some time later, and the next phase in the adventure began.

Things between the new owners and us were contentious immediately. They had routed the septic system into the pond and I knew that a literal stink would develop over this when someone moved in. I had to do an inquiry with the state real estate commission just to find out who owned the property and to register my protest about the rerouting of the sewage into our pond. The new owner, a house flipper, at one point threatened to sue me if I didn't back down.

He went in and totally renovated the house. There were contractors over there for months. They tore out a screened in porch and made it into a room in the house. One of the contractors that worked on that told me that he found some files in the basement about someone that was a child molester and had gone to jail. I never got to see them and the guy didn't have many details. They reworked the first floor of the house, demolishing a brick bar and reworking the structural support of the second floor. The first floor was transformed into someone's idea of a home furnishing style magazine spread. Meanwhile, the basement, formerly finished, was ripped up to accommodate the changes. The upper floor, which had been redone by the lord of the flies people in jungle, angel, and baseball wallpaper themes, was not touched. The jungle wallpaper, probably done over too many sherries by a god-fearing housewife, was peeling off the walls and looked tragic. After seeing the house at this phase, my wife remarked, "No one is going to pay $800,000 for a fixer-upper." Eventually, the price was reduced to $750,000.

The house sat vacant for some months longer. We thought someone had bought it when the For Sale sign came down, but then nothing happened, no one moved in and there was no activity. Then some weeks later, these construction laborer types started pulling up in all kinds of pickups and got busy. They brought in a giant trash dumpster and started working day in and day out. How strange this was since the house was supposedly finished and there was an enormous amount of construction material going into the dumpster. I went over one night and peeked inside and there appeared to have been extensive water damage from upstairs to the central part of the house and from the first floor down into the basement. There was a ton of drywall missing, and it was a complete mess in there. The pipes had frozen, burst, then proceeded to flood for some time (days) before someone figured that out.

We met a friend that used to live in the house. He heard that the house has been sold again to another house flipper. They ripped into it, trying to fix the damage from the frozen pipes, but also making changes like putting plumbing into the "guest house" (the photographic studio abortion), pouring a concrete patio and tearing out a nice poolside cabana. My wife found on line that they bought the house late last year for $705,000. My friend was told by the contractor that they were going to fix it up and sell it for $1.1 million.

Meanwhile, the contractors started playing monster truck rally in the yard. Every time they pulled out it was a minute long squeal of tires and a trip through some portion of their yard or ours. Then Mr. Wonderful started bringing his dog and his ATV out and proceeded to rip up the entire yard with his exploits. My neighbor (who had been trespassed on by the Angel Chaser) told me that he heard automatic weapons fire coming from the house. We weren't there and a subsequent investigation by the police (with the crazy contractor being the only suspect) resulted in nothing.

I finally met the new "owner". He was actually the next house flipper. I had this really nice conversation with him, where he explained to me that there had actually been 3 house flippers owning the house (he was the 3rd). He said he paid $605,000 for the house and got $75,000 insurance for the water damage (which he said would not cover the costs). He showed me the house and told me that he was thinking about living in it himself. He showed me the work on the "guest house" which was being attached to the house through a concrete patio and a breezeway. He told me that this would add 2500 square feet to the main floor of the house and add $500,000 to the value. Looking around, I guessed he was putting maybe $20,000 into this modification. If wishful thinking can be taken to the bank, that man will be rich. I told him about the septic problem and he assured me he was going to repair it.

Despite that, we're running lab tests of the pond water as a baseline for the proof that their septic system routing into the pond was done incorrectly.

As we say, we have another in a lengthening line of idiots involved with the property. Maybe they can paint it tie-dyed and make it into a hippie commune. That would be fine with me except for the sitar music. My boss, who used to live in the house, confided in me his thoughts about the house. He was embarrassed, but asked me if I thought maybe the house was cursed or haunted. The barn he had made when he lived there has been eaten into a swiss cheese affair by the squirrels. I didn't believe it until I saw it myself one day. There must be some tasty starch in the particle board used for binder. The tennis court is completely overgrown and is crumbling away. Wild animals roam in the yard, including turkeys, deer, owls, and a friendly muskrat. I really like that. One day, our refugee kittens caught a cute furry little mouse and brought it terrified into the house. I grabbed it (disappointing the hell out of the cats) and my wife was aware of the episode. My wife is a tenderhearted animal lover, and I knew I would have to answer to her later, explaining what I did. We once tried to adopt and nurse some baby mice after their mother died in a tragic lawn mower accident, so I knew what her feelings about mousicide would be. If I returned the mouse to the cats, they would play with it for hours, no fun for the mouse, and just as likely to result in an escapee in our house as a meal for kitty. So, releasing it outside would probably result in it being re-caught by the cats. Dashing its head on the patio was sure to win me the disapproval of my wife. I finally came up with a solution. I assume it was captured in the empty house next door, so I returned it to its home.

No one has been over to work at the house for several weeks. There is an enormous pile of trash in the driveway, and from time to time, people show up and throw more trash, brought from somewhere else, onto the driveway. It will probably fill up one of those enormous dumpsters, whenever they get around to bringing out another one (I reckon there have been around 8 or 10 taken away from the house in the last 3 years - these are the big semi trailer sized ones).

We spent a nice weekend working on the yard and my wife expressed her concern about the trash pile and the foot high grass in the yard next door. I told her that I don't care. Let them trash the place. I enjoy having the wildlife and the quiet, and if no one moves in, that will be fine with me. I wonder if they are upside down on the loan. The housing market is terrible now and rather than doing something reasonable, people keep trying to scam someone into plopping down much more than it's worth though some scheme. That means we are likely to have someone with a lot of money and very little sense move in. Not my idea of an ideal neighbor. I keep wondering and waiting for the place to mysteriously burn down some day. It seems to me that this would be the only way for the house flippers to get out of this trap.

It's not over yet.