This is Nice, but

[mini-muffin]

I was curious recently and decided to check out the prices of the homes for sale in my area. I came across this and WOW.

So if you have some spare change, a little pocket lint, and an inheritance you could get this place. It's right at the end of where I live.

http://www.era.com/erabin/listing?Property=2187894

 

Just don't be drinking something you might wet your computer screen.

 

Margaret

[eagleeye]

That's amazing, I've always wanted to live on the "Great Dismal Swamp" :rotf:

Tell ya what, that thing has some history to it for sure, and for the price, why don't you buy it?

It's a buyers market, anywhere you are. But for me. I'll just maintain my place and of course my bikes.

 

Steve

[Freebird]

I think that is a beautiful place but it looks seriously overpriced to me. I don't know about land values in that area though. It could be a bargain and I wouldn't know it.

[mini-muffin]

I think it's overpriced as well. Of course for some reason lots of places here are going for way more then they are worth. Mostly they seem to target folks from up north who think it's an ok price.

If it were cheaper be a nice place to hold some venture get togethers.

 

Margaret

[dray]

WASHINGTON (AP) — Sales of new homes plunged in March to the lowest level in 16 1/2 years as housing slumped further at the start of the spring sales season.

The median price of a new home in March, compared with a year ago, fell by the largest amount in nearly four decades.

The Commerce Department reported Thursday that sales of new homes dropped by 8.5 percent last month to a seasonally adjusted annual rate of 526,000 units, the slowest sales pace since October 1991.

The median price of a home sold in March dropped by 13.3 percent compared with March 2007, the biggest year-over-year price decline since a 14.6 percent plunge in July 1970.

The dismal news on new home sales followed earlier reports showing sales of existing homes fell by 2 percent in March. Housing, which boomed for five years, has been in a prolonged slump for the past two years with sales and home prices falling at especially sharp rates in formerly boom areas of the country.

For March, sales were down in all regions of the country, dropping the most in the Northeast, a decline of 19.4 percent. Sales fell by 12.9 percent in the West, 12.5 percent in the Midwest and 4.6 percent in the South.

In other economic news, orders to factories for big-ticket manufactured goods fell for a third straight month in March, the longest string of declines since the 2001 recession, while applications for unemployment benefits fell by 33,000 to 342,000.

The Commerce Department said demand for durable goods dropped by 0.3 percent last month, a worse-than-expected performance that underscored the problems manufacturers are facing from a severe economic slowdown. The last time orders fell for three consecutive months was from February to April of 2001, when the country was sliding into the last recession.

The weakness in manufacturing orders was led by a 4.6 percent drop in orders for autos, a sector hard hit by soaring gasoline prices, and the weakening economy, which have cut sharply into car sales. Orders in the category that includes home appliances fell by 6.6 percent. This industry has been hurt by the two-year slump in home sales.

President Bush said Tuesday that the economy was not in a recession but a period of slower growth. However, economists who believe the country has fallen into a recession pointed to the string of declines in manufacturing orders to support their view.

"The broad swath of data in the March (orders) report is indicative of a mixed set of conditions in a factory sector that is, overall, in a mild recession," said Cliff Waldman, economist for the Manufacturers Alliance/MAPI.

The Labor Department reported that claims for unemployment benefits fell by 33,000 last week to 342,000. Economists had been expecting claims to rise by 3,000. The four-week moving average for claims fell by 7,250 to 369,500.

Even with the improvements, analysts said the weak economy is still putting greater pressures on the labor market. The unemployment rate climbed to 5.1 percent in March as businesses laid off the largest number of workers in five years.

Economic growth slowed to a near-standstill at the end of last year as the economy was battered by the prolonged slump in housing and a severe credit crunch that has resulted in billions of dollars of losses at many of the nation's largest financial institutions and has made it harder for consumers and businesses to get loans.

Consumer sentiment, meanwhile, has plunged to recessionary lows as Americans have also watched gasoline soar to an average price above $3.50 per gallon nationally.

The 0.3 percent drop in orders for durable goods, items expected to last at least three years, followed even bigger declines of 0.9 percent in February and 4.4 percent in January.

Orders for all transportation products fell by 4.6 percent, reflecting the big drop in demand for autos. Orders for commercial aircraft actually rose by 5.5 percent while demand for defense aircraft surged by 29.4 percent. Many defense industries have seen big increases reflecting the wars in Iraq and Afghanistan.

A key category viewed as a proxy for business investment plans showed no increase in March after a big 2 percent drop in February. Businesses have cut back on plans to expand and modernize as the economy has softened.

[Yama Mama]

Mini so you live in a fancy neighborhood huh?

I always thought so. Anyway that looks like a nice place, but I would need more than pocket

change. I would need to win the lottery.

 

Then we could be neighbors.

 

Mama

[MiCarl]

Well, in rural Michigan:

 

A mile of deep water shoreline (on an inland lake) is at least $1 million. Much more on one of the great lakes. And that's where you can only enjoy it 4 months a year.

 

The 100 acres would be another 2-3 million.

 

--

 

On the inland waterway, presumably within an hour of major population centers, $7 million looks like a fire sale.

[VTirelli]

7 mill would ONLY get you a decent house on 2 or 3 acres not far from me in the Hamptons, maybe within a mile or so of the water.

[BOO]

It's just land, the house is not worth much unless you're into the old stuff.

I certainly wouldn't want to live in that house. The land looks nice but way over priced it seems to me.

Then again I don't have that kind of money anyway.

Jerry

[Pecker]

Dang Mini, didn't know you and the Muffinman lived in such a ritzy 'hood.

Is that part of the Redneck Riviera?

[Guest Swifty]

Dam, I'd love to have a place like that...but...as Freebird believes, most of it will be under water in a few years due to global warming.

[Mariner Fan]

Mini,

 

You could always pick it up with your spare change and use it to house Ventureriders when they are in the neighborhood....just saying....

[FROG MAN]

Steal of a deal for the sportsman. Who needs skeet shooting. The dismal swamp offers some of the finest mosquito shooting north of the bayou. A hurricane up the pamlico could put it under 15 ft of surge but hey everything needs a cleaning once in a while.Offer him 6 mil he might take it.

[Eugene]

OK Mini - I am about to put in an offer -

 

no wait a sec - only 3 bedrooms -

 

forget it -

 

I'll stay by the waters here on Lake Huron......

 

Eugene

[mini-muffin]

Hey Eugene it's much warmer here. :rotf:

Wait I didn't know you were that wealthy. With all that property you can add on rooms.

 

Oh folks I don't live in a ritzy neighborhood. Just some folks think what they have is worth way too much money.

 

 

Margaret

[BradT]

Hey Eugene it's much warmer here. :rotf:

 

But Eugene has a place like that in Texas, which he uses in the winter months

 

Brad

[Marcarl]

If I sell my place I could be rich, got almost everything that place has. Four bedrooms, two bathrooms, full kitchen, driveway, outbuidings, built over 100 years ago, wood floors, mile deep sand, river nearby, trees, grass, mosquitoes, (and flys and stink bugs for extra measure) a lake in the spring and natives.

[Kregerdoodle]

hhhmmmm....wonder if they will take a check??? I`ll write em a check.....:rotf:

[Eugene]

But Eugene has a place like that in Texas, which he uses in the winter months

 

Brad

 

Ha Ha Brad - yes - I have a place like that in Texas - only its a one bedroom trailer - shall I sell it for say 3 or 4 million??

[mini-muffin]

If those folks want the 7 mil why not sell your little trailer for 3 or 4 mil. Be a nice down payment. Just think how cheap the payments would be with putting down that much money.

 

Margaret

 

[Eugene]

If those folks want the 7 mil why not sell your little trailer for 3 or 4 mil. Be a nice down payment. Just think how cheap the payments would be with putting down that much money.

 

Margaret

 

 

 

And... as you said before - it will be much warmer.

 

Ok - I'm going for it - !!!!