Comments on: DC Ranch Scottsdale, AZ – New construction home

By: Kenric

Kenric — Mon, 04 Dec 2006 06:20:11 +0000

I took a look at the house and its neighborhood today and decided to pass on it. Large homes on very small lots packed together. Not what I want for $750k.

By: Kenric

Kenric — Fri, 01 Dec 2006 06:28:32 +0000

OG, DC Ranch is a very nice area. If I move there I’ll need to get a better car or else they’ll tow mine away! I’m going to take a look at the house on Sunday

By: RealOG

RealOG — Thu, 30 Nov 2006 18:08:23 +0000

I like it! Come live in Snottsdale with us! The house is big, but think of all the “Girls Gone Wild” parties you could have there.

Joking aside, I think you might be missing a key item – roommates! You can rent out the rooms of a large house like that and significantly soften your monthly nut. DC Ranch is a gorgeous place and I have heard from my relatives (both work in retail industry as VPs of RE) that the great retail, and thus the great living areas are migrating north up the 101 loop.

By: Kenric

Kenric — Wed, 29 Nov 2006 21:11:06 +0000

Hungry Bear,

This house is larger than I’d like, but I’m looking at it from a numbers perspective.

Ironically, this house is smaller than the current one that I live in now. My AC bill is about $150 in the summer. I close off the rooms I don’t use and don’t cool the 2nd floor.

By: HungryBear

HungryBear — Wed, 29 Nov 2006 19:58:53 +0000

You are a single guy, right? Why on earth would you want such a large house? Do you even know what it would cost to keep it cool in the summer? I think it would be far better to rent a 750 sqft apartment in an upscale complex, and invest the money you would have spent on the house in cash flow producing investments (to find them you may need to go out of state)

By: prlinkbiz

prlinkbiz — Wed, 29 Nov 2006 14:22:18 +0000

PS- I take full credit for sending you that property to look at. If you buy it, I’ll expect a mocha for my bird dogging services.

By: prlinkbiz

prlinkbiz — Wed, 29 Nov 2006 14:21:12 +0000

That’s what we’ve been suggesting to Kdog for a while- his fear is the market will continue to fall, instead of stabilize. I think he should do it if it comps right.

By: knuckleheaded

knuckleheaded — Wed, 29 Nov 2006 14:00:13 +0000

Can you take out a HELOC to pay the monthly mortgage, taxes, etc.? Depending on how long you could sustain that, you may sell x years later for its comp price, you basically have lived in a mansion for free. Better yet, it may appreciate and you make money and lived for free.