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Would you sell your home for $1M?


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51 replies to this topic

#1 of 52 OFFLINE   Scott L

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Posted January 02 2007 - 03:17 PM

Especially if you paid $150k for it 2 years ago?

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#2 of 52 OFFLINE   nolesrule

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Posted January 02 2007 - 03:59 PM

Hell yeah.

#3 of 52 OFFLINE   Carlo Medina

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Posted January 02 2007 - 05:49 PM

Y
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#4 of 52 OFFLINE   CameronJ

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Posted January 03 2007 - 12:07 AM

Depends on if I needed the money or not.

I'm assuming that the community is populated with a decent number of retirees, many of whom may already be living the life they want (sufficient savings, income from investments, etc.).

If the choice was $1M vs leaving my "dream home" when I don't really need the money (although it's a trailer) - I'm not selling.

#5 of 52 OFFLINE   Joe Fisher

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Posted January 03 2007 - 12:39 AM

1 Million dollars............Bye Bye house. Posted Image

#6 of 52 OFFLINE   Jay H

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Posted January 03 2007 - 12:45 AM

Quote:
Originally Posted by CameronJ
If the choice was $1M vs leaving my "dream home" when I don't really need the money (although it's a trailer) - I'm not selling.

I'm with you! If I lived in a "perfect" place and where i would want to spend the rest of my life in, no way I'm selling it for any money in the world. Of course, there would be no way I could have bought this said house for $150k 2 years ago either. I wouldn't even know if a perfect place would actually exist.

Would I sell my current house for $1 million... absolutely!

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#7 of 52 OFFLINE   Matt Fig

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Posted January 03 2007 - 01:04 AM

Yes. I could build my "new" dream house somewhere else and then add more goodies to it when the new one is being built.

#8 of 52 OFFLINE   CRyan

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Posted January 03 2007 - 01:32 AM

I agree with the sentimate that life is worth more than money and if you are happy with where you are then hell no!

HOWEVER, if there are only a few holdouts and it is all or nothing, I dont imagine life would be the same with those neighbors after preventing them from making that money. I would pretty much imagine you would be shunned at that point if you were one of the people that stopped the deal.

#9 of 52 OFFLINE   CameronJ

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Posted January 03 2007 - 05:09 AM

Quote:
Originally Posted by CRyan
HOWEVER, if there are only a few holdouts and it is all or nothing, I dont imagine life would be the same with those neighbors after preventing them from making that money. I would pretty much imagine you would be shunned at that point if you were one of the people that stopped the deal.

That's probably the most important point - your idyllic lifestyle would quickly come to an end if all of your neighbors hated you.

#10 of 52 OFFLINE   nolesrule

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Posted January 03 2007 - 05:49 AM

The current "dream house" only your dream house until the next hurricane comes through anyway. We're talking about a mobile home park on an Atlantic barrier island in south Florida.

#11 of 52 OFFLINE   Buzz Foster

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Posted January 03 2007 - 05:51 AM

I'd sell my mother for $1 million dollars.

Seriously, if I were in teh position to retire, I could move to any number of small, cheap towns, pay cash for a home, have TONS of cash left ovr, and travel to my heart's content.

One million for my house in Albuquerque vs. Damned little for a place near Cloudcroft, with all the skiing I can stand in the winter, horse races, the most beautiful state in the union for motorcycle riding, etc. Yeah, an offer of one million dollars, and I am as good as gone.
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#12 of 52 OFFLINE   RobertR

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Posted January 03 2007 - 06:31 AM

Yeah, the only reasons I wouldn’t sell for a million are:

a.The house is actually worth more than that

b.I’d have to spend at least that much to get an equivalent replacement

#13 of 52 OFFLINE   Garrett Lundy

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Posted January 03 2007 - 06:46 AM

Quote:
Originally Posted by Jay H
If I lived in a "perfect" place and where i would want to spend the rest of my life in, no way I'm selling it for any money in the world.
Yeah, but the house is in Florida, not Fantasy land.

I think the whole state of Wyoming could be bought for $1million, assuming the three residents could be located.
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#14 of 52 OFFLINE   John Alvarez

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Posted January 03 2007 - 07:20 AM

Quote:
Originally Posted by RobertR
Yeah, the only reasons I wouldn’t sell for a million are:

a.The house is actually worth more than that

b.I’d have to spend at least that much to get an equivalent replacement

That's the problem. I don't think you could get an equivlent home from what they are saying. It's on the ocean and backs up to the intracoastal?

#15 of 52 OFFLINE   MarkHastings

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Posted January 03 2007 - 07:44 AM

Quote:
Originally Posted by CRyan
HOWEVER, if there are only a few holdouts and it is all or nothing, I dont imagine life would be the same with those neighbors after preventing them from making that money. I would pretty much imagine you would be shunned at that point if you were one of the people that stopped the deal.
I didn't read the article because I saw it in the local paper, but isn't there one guy who doesn't want to sell?

Can you IMAGINE the HATRED this man is going to receive from his neighbors. I mean, I can understand the sentimentality of your home, but to shun all those people from becoming fairly rich, well, that sounds a little selfish to me.


EDIT: Sorry, I did see the part about the guy not wanting to sell - and what's even more perplxeing is, the guy has only been there 2 YEARS???? I could ALMOST understand if he had been there his whole life and was one of those old guys that wants to die there, etc. etc. - but two years in a TRAILER HOME??? This guy is nuts!

#16 of 52 OFFLINE   todd s

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Posted January 03 2007 - 07:55 AM

Ummmm....YES!!!!!
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#17 of 52 OFFLINE   David Williams

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Posted January 03 2007 - 10:12 AM

This story will probably end up with a mostly happy ending. The way the trailer park is set up, only 2/3 of the residents have to approve the deal for it to be carried by the whole park. Apparently they don't actually own their spaces but 'shares' in the trailer park if I understand the complicated mess correctly. The buyout offer is X amount of dollars per share. With a million dollars, you could get into a condo just about anywhere on the coast of Florida and still have money in the bank.
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#18 of 52 OFFLINE   Dennis Nicholls

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Posted January 03 2007 - 11:24 AM

Quote:
Seriously, if I were in the position to retire, I could move to any number of small, cheap towns, pay cash for a home, have TONS of cash left ovr, and travel to my heart's content.

I did this. It's fun. Any place compared with San Jose is cheap.

Quote:
I think the whole state of Wyoming could be bought for $1million, assuming the three residents could be located.

Actually Harrison Ford's ranch outside Jackson is worth a lot more than $1 million. Plus all the oil and natural gas sites are worth a bundle. Admittedly Wyoming has the smallest population of any state, but there are still over 400K people there.
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#19 of 52 OFFLINE   MarkHastings

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Posted January 03 2007 - 01:00 PM

Quote:
Originally Posted by David Williams
This story will probably end up with a mostly happy ending.
My brother thinks the guy is playing hard ball to get a bigger payout...I don't agree with that, but hopefully this guy doesn't sour the deal for the rest who will make out nicely.

#20 of 52 OFFLINE   Adam Lenhardt

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Posted January 03 2007 - 07:13 PM

Mark, read the article. Only two-thirds of the residents need to approve the buy out for it to go through. If this guy (and the elderly couple from New York) are truly the only holdouts, the deal will still go through no problem.


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