06-05-2023, 11:37 AM
Location: Jerusalem (RI) & Chaseburg (WI)
639 posts, read
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Reputation: 1817
Quote:
Originally Posted by
GeoffD
It's discretionary spending to improve your quality of life. Just like any home purchase. Depending on your wealth and income, the amount may be smaller or larger but it's still discretionary spending. If you're trying to optimize for creating wealth, you live in a cardboard box and invest the difference in the market.
Definitely not doing this as an investment. The new place is unlikely to be worth the cost of all the work done plus the purchase price.
If you want to invest in RE, you're not buying a house, you're buying or investing in multi unit buildings, probably through a REIT.
06-05-2023, 11:40 AM
16,405 posts, read
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Reputation: 11383
It's just interesting to see where these big wigs are planting down their money. Anywhere on the beach is nice, but Harwich is just a curious place to spend all that money. I'd think a guy like that would want to be on Nantucket or Chatham, Osterville...Harwich is gentrifying I guess lol. It's guys like this that drive up the housing costs making it more expensive for anyone who may have been trying to buy a cape house. Oh well for them.
06-05-2023, 11:42 AM
2,710 posts, read
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Reputation: 1319
Quote:
Originally Posted by
msRB311
What do you think it is then?
It's already been said many times in this thread. People have money and spent it on what they want. Not everythig has to make sense financially, otherwise we'd all be driving 15 year old Corollas.
06-05-2023, 11:45 AM
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Reputation: 700
https://www.redfin.com/MA/Lexington/...home/138458921
How about this detached condo that's only 750 sqft. Course since it's in Lexington they still want 650k (+$560 CF). 20% down and you are still over 4k/month.
06-05-2023, 11:47 AM
16,405 posts, read
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Reputation: 11383
re
Quote:
Originally Posted by
matrix5k
It's already been said many times in this thread. People have money and spent it on what they want. Not everythig has to make sense financially, otherwise we'd all be driving 15 year old Corollas.
you dont have to answer everything...I was specifically inquiring what someone else thought it was in terms of it no longer being an investment at these prices.
06-05-2023, 11:51 AM
2,710 posts, read
1,733,872 times
Reputation: 1319
Quote:
Originally Posted by
msRB311
you dont have to answer everything...I was specifically inquiring what someone else thought it was in terms of it no longer being an investment at these prices.
Huh? If you don't want a question answered then don't ask? If you only want a specific person to answer then say so.
06-05-2023, 11:53 AM
1,541 posts, read
1,125,554 times
Reputation: 739
Quote:
Originally Posted by
msRB311
What do you think it is then?
I define investing as someone having the intent to make a profit, a monetary return on investment. Maybe this person will make money in the end but that is likely not the goal. It is a lifestyle purchase.
If the other poster is correct and the buyer is the CEO of Waste Management, a quick Google search tells me his total compensation in 2019, 2020, and 2021 was $11M, $12M, and $13M.
Think of him buying this house like if you were to buy a really really nice car. You wouldn't view this car purchase as an investment. It's just freaking nice to have.
06-05-2023, 11:53 AM
2,710 posts, read
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Reputation: 1319
Quote:
Originally Posted by
yesmaybe
What's the difference between a SFH and detached condo?
06-05-2023, 12:01 PM
16,405 posts, read
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Reputation: 11383
Nice to have but the cape isn't that enjoyable in the winter. I guess he has others homes to be at during that time...and he can enjoy the crowds/traffic just like everyone else in the summer.
06-05-2023, 12:17 PM
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Reputation: 11383
Did some digging and Jim Fish's company is based in Dallas TX and this was his previous home (one of them anyways)
https://www.redfin.com/TX/Houston/82.../home/30013136
I guess he needs to get out of that TX heat. He seems to have no ties to MA and is a west coast guy for the most part. Just interesting to me that of all the places in the US (or even the world) he chose to invest about 10k into Harwich, MA.
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Median household income ($)
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Household income diversity
Ratio of average income to average house value (%)
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Median household income ($) - White
Median household income ($) - Black or African American
Median household income ($) - Asian
Median household income ($) - Hispanic or Latino
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Median household income ($) - Multirace
Median household income ($) - Other Race
Median household income for houses/condos with a mortgage ($)
Median household income for apartments without a mortgage ($)
Races - White alone (%)
Races - White alone (% change since 2000)
Races - Black alone (%)
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Population density (people per square mile)
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Coronavirus confirmed cases (Apr 25, 2024)
Deaths caused by coronavirus (Apr 25, 2024)
Coronavirus confirmed cases (per 100k population) (Apr 25, 2024)
Deaths caused by coronavirus (per 100k population) (Apr 25, 2024)
Daily increase in number of cases (Apr 25, 2024)
Weekly increase in number of cases (Apr 25, 2024)
Cases doubled (in days) (Apr 25, 2024)
Hospitalized patients (Apr 18, 2022)
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Total test results (Apr 18, 2022)
COVID Vaccine doses distributed (per 100k population) (Sep 19, 2023)
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Cost of living index
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Mean house or condo value by units in structure - 1, detached ($)
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Mean house or condo value by units in structure - 2 ($)
Mean house or condo value by units in structure by units in structure - 3 or 4 ($)
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Mean house or condo value by units in structure - Boat, RV, van, etc. ($)
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Travel time to work - 60 to 89 minutes (%)
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Median family income ($) - Black or African American
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Median year house/condo built
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Year house built - Built 2005 or later (%)
Year house built - Built 2000 to 2004 (%)
Year house built - Built 1990 to 1999 (%)
Year house built - Built 1980 to 1989 (%)
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Year house built - Built 1960 to 1969 (%)
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Year house built - Built 1939 or earlier (%)
Average household size
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Occupied housing units (%)
Vacant housing units (%)
Owner occupied housing units (%)
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Vacancy status - For rent (%)
Vacancy status - For sale only (%)
Vacancy status - Rented or sold, not occupied (%)
Vacancy status - For seasonal, recreational, or occasional use (%)
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Residents with income below the poverty level (%)
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Poverty status for native-born residents (%)
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Poverty among high school graduates not in families (%)
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Residents with income below the poverty level (%) - White
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Air pollution - Air Quality Index (AQI)
Air pollution - CO
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Crime - City-data.com crime index
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Crime - Murders per 100,000 population (5 year average)
Crime - Rapes per 100,000 population (5 year average)
Crime - Robberies per 100,000 population (5 year average)
Crime - Assaults per 100,000 population (5 year average)
Crime - Burglaries per 100,000 population (5 year average)
Crime - Thefts per 100,000 population (5 year average)
Crime - Auto thefts per 100,000 population (5 year average)
Crime - Arson per 100,000 population (5 year average)
Crime - City-data.com crime index (5 year average)
Crime - Violent crime index (5 year average)
Crime - Property crime index (5 year average)
1996 Presidential Elections Results (%) - Democratic Party (Clinton)
1996 Presidential Elections Results (%) - Republican Party (Dole)
1996 Presidential Elections Results (%) - Other
2000 Presidential Elections Results (%) - Democratic Party (Gore)
2000 Presidential Elections Results (%) - Republican Party (Bush)
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2004 Presidential Elections Results (%) - Democratic Party (Kerry)
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2016 Presidential Elections Results (%) - Democratic Party (Clinton)
2016 Presidential Elections Results (%) - Republican Party (Trump)
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2020 Presidential Elections Results (%) - Democratic Party (Biden)
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Ancestries Reported - Arab (%)
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Educational Attainment - No schooling completed (%)
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Median number of rooms in houses and condos
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Density of houses
Urban houses (%)
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Mortgage status - with mortgage (%)
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Average family size
Average family size - White
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Geographical mobility - Same house 1 year ago (%)
Geographical mobility - Moved within same county (%)
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Housing units in structures - 1, detached (%)
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Housing units in structures - 2 (%)
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Housing units in structures - 50 or more (%)
Housing units in structures - Mobile home (%)
Housing units in structures - Boat, RV, van, etc. (%)
House/condo owner moved in on average (years ago)
Renter moved in on average (years ago)
Year householder moved into unit - Moved in 1999 to March 2000 (%)
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Means of transportation to work - Drove car alone (%)
Means of transportation to work - Carpooled (%)
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Working at home (%)
Industry diversity
Most Common Industries - Agriculture, forestry, fishing and hunting, and mining (%)
Most Common Industries - Agriculture, forestry, fishing and hunting (%)
Most Common Industries - Mining, quarrying, and oil and gas extraction (%)
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Occupation diversity
Most Common Occupations - Management, business, science, and arts occupations (%)
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Most Common Occupations - Education, training, and library occupations (%)
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Most Common Occupations - Fire fighting and prevention, and other protective service workers including supervisors (%)
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Most Common Occupations - Food preparation and serving related occupations (%)
Most Common Occupations - Building and grounds cleaning and maintenance occupations (%)
Most Common Occupations - Personal care and service occupations (%)
Most Common Occupations - Sales and office occupations (%)
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Most Common Occupations - Natural resources, construction, and maintenance occupations (%)
Most Common Occupations - Farming, fishing, and forestry occupations (%)
Most Common Occupations - Construction and extraction occupations (%)
Most Common Occupations - Installation, maintenance, and repair occupations (%)
Most Common Occupations - Production, transportation, and material moving occupations (%)
Most Common Occupations - Production occupations (%)
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People in Group quarters - Institutionalized population (%)
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People in Group quarters - Local jails and other confinement facilities (including police lockups) (%)
People in Group quarters - Military disciplinary barracks (%)
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People in Group quarters - Other types of correctional institutions (%)
People in Group quarters - Nursing homes (%)
People in Group quarters - Hospitals/wards, hospices, and schools for the handicapped (%)
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People in Group quarters - Orthopedic wards and institutions for the physically handicapped (%)
People in Group quarters - Wards in general hospitals for patients who have no usual home elsewhere (%)
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People in Group quarters - Training schools for juvenile delinquents (%)
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People in Group quarters - Type of juvenile institution unknown (%)
People in Group quarters - Noninstitutionalized population (%)
People in Group quarters - College dormitories (includes college quarters off campus) (%)
People in Group quarters - Military quarters (%)
People in Group quarters - On base (%)
People in Group quarters - Barracks, unaccompanied personnel housing (UPH), (Enlisted/Officer), ;and similar group living quarters for military personnel (%)
People in Group quarters - Transient quarters for temporary residents (%)
People in Group quarters - Military ships (%)
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People in Group quarters - Religious group quarters (%)
People in Group quarters - Dormitories (%)
People in Group quarters - Agriculture workers' dormitories on farms (%)
People in Group quarters - Job Corps and vocational training facilities (%)
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People in Group quarters - Crews of maritime vessels (%)
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Residents speaking English at home (%)
Residents speaking English at home - Born in the United States (%)
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Residents speaking Spanish at home - Born in the United States (%)
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Class of Workers - Employee of private company (%)
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Class of Workers - Private not-for-profit wage and salary workers (%)
Class of Workers - Local government workers (%)
Class of Workers - State government workers (%)
Class of Workers - Federal government workers (%)
Class of Workers - Self-employed workers in own not incorporated business and Unpaid family workers (%)
House heating fuel used in houses and condos - Utility gas (%)
House heating fuel used in houses and condos - Bottled, tank, or LP gas (%)
House heating fuel used in houses and condos - Electricity (%)
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House heating fuel used in houses and condos - Coal or coke (%)
House heating fuel used in houses and condos - Wood (%)
House heating fuel used in houses and condos - Solar energy (%)
House heating fuel used in houses and condos - Other fuel (%)
House heating fuel used in houses and condos - No fuel used (%)
House heating fuel used in apartments - Utility gas (%)
House heating fuel used in apartments - Bottled, tank, or LP gas (%)
House heating fuel used in apartments - Electricity (%)
House heating fuel used in apartments - Fuel oil, kerosene, etc. (%)
House heating fuel used in apartments - Coal or coke (%)
House heating fuel used in apartments - Wood (%)
House heating fuel used in apartments - Solar energy (%)
House heating fuel used in apartments - Other fuel (%)
House heating fuel used in apartments - No fuel used (%)
Armed forces status - In Armed Forces (%)
Armed forces status - Civilian (%)
Armed forces status - Civilian - Veteran (%)
Armed forces status - Civilian - Nonveteran (%)
Fatal accidents locations in years 2005-2021
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Alcohol use - People drinking some alcohol every month (%)
Alcohol use - People not drinking at all (%)
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Alcohol use - Average days/year people drink much
Audiometry - Average condition of hearing (%)
Audiometry - People that can hear a whisper from across a quiet room (%)
Audiometry - People that can hear normal voice from across a quiet room (%)
Audiometry - Ears ringing, roaring, buzzing (%)
Audiometry - Had a job exposure to loud noise (%)
Audiometry - Had off-work exposure to loud noise (%)
Blood Pressure & Cholesterol - Has high blood pressure (%)
Blood Pressure & Cholesterol - Checking blood pressure at home (%)
Blood Pressure & Cholesterol - Frequently checking blood cholesterol (%)
Blood Pressure & Cholesterol - Has high cholesterol level (%)
Consumer Behavior - Money monthly spent on food at supermarket/grocery store
Consumer Behavior - Money monthly spent on food at other stores
Consumer Behavior - Money monthly spent on eating out
Consumer Behavior - Money monthly spent on carryout/delivered foods
Consumer Behavior - Income spent on food at supermarket/grocery store (%)
Consumer Behavior - Income spent on food at other stores (%)
Consumer Behavior - Income spent on eating out (%)
Consumer Behavior - Income spent on carryout/delivered foods (%)
Current Health Status - General health condition (%)
Current Health Status - Blood donors (%)
Current Health Status - Has blood ever tested for HIV virus (%)
Current Health Status - Left-handed people (%)
Dermatology - People using sunscreen (%)
Diabetes - Diabetics (%)
Diabetes - Had a blood test for high blood sugar (%)
Diabetes - People taking insulin (%)
Diet Behavior & Nutrition - Diet health (%)
Diet Behavior & Nutrition - Milk product consumption (# of products/month)
Diet Behavior & Nutrition - Meals not home prepared (#/week)
Diet Behavior & Nutrition - Meals from fast food or pizza place (#/week)
Diet Behavior & Nutrition - Ready-to-eat foods (#/month)
Diet Behavior & Nutrition - Frozen meals/pizza (#/month)
Drug Use - People that ever used marijuana or hashish (%)
Drug Use - Ever used hard drugs (%)
Drug Use - Ever used any form of cocaine (%)
Drug Use - Ever used heroin (%)
Drug Use - Ever used methamphetamine (%)
Health Insurance - People covered by health insurance (%)
Kidney Conditions-Urology - Avg. # of times urinating at night
Medical Conditions - People with asthma (%)
Medical Conditions - People with anemia (%)
Medical Conditions - People with psoriasis (%)
Medical Conditions - People with overweight (%)
Medical Conditions - Elderly people having difficulties in thinking or remembering (%)
Medical Conditions - People who ever received blood transfusion (%)
Medical Conditions - People having trouble seeing even with glass/contacts (%)
Medical Conditions - People with arthritis (%)
Medical Conditions - People with gout (%)
Medical Conditions - People with congestive heart failure (%)
Medical Conditions - People with coronary heart disease (%)
Medical Conditions - People with angina pectoris (%)
Medical Conditions - People who ever had heart attack (%)
Medical Conditions - People who ever had stroke (%)
Medical Conditions - People with emphysema (%)
Medical Conditions - People with thyroid problem (%)
Medical Conditions - People with chronic bronchitis (%)
Medical Conditions - People with any liver condition (%)
Medical Conditions - People who ever had cancer or malignancy (%)
Mental Health - People who have little interest in doing things (%)
Mental Health - People feeling down, depressed, or hopeless (%)
Mental Health - People who have trouble sleeping or sleeping too much (%)
Mental Health - People feeling tired or having little energy (%)
Mental Health - People with poor appetite or overeating (%)
Mental Health - People feeling bad about themself (%)
Mental Health - People who have trouble concentrating on things (%)
Mental Health - People moving or speaking slowly or too fast (%)
Mental Health - People having thoughts they would be better off dead (%)
Oral Health - Average years since last visit a dentist
Oral Health - People embarrassed because of mouth (%)
Oral Health - People with gum disease (%)
Oral Health - General health of teeth and gums (%)
Oral Health - Average days a week using dental floss/device
Oral Health - Average days a week using mouthwash for dental problem
Oral Health - Average number of teeth
Pesticide Use - Households using pesticides to control insects (%)
Pesticide Use - Households using pesticides to kill weeds (%)
Physical Activity - People doing vigorous-intensity work activities (%)
Physical Activity - People doing moderate-intensity work activities (%)
Physical Activity - People walking or bicycling (%)
Physical Activity - People doing vigorous-intensity recreational activities (%)
Physical Activity - People doing moderate-intensity recreational activities (%)
Physical Activity - Average hours a day doing sedentary activities
Physical Activity - Average hours a day watching TV or videos
Physical Activity - Average hours a day using computer
Physical Functioning - People having limitations keeping them from working (%)
Physical Functioning - People limited in amount of work they can do (%)
Physical Functioning - People that need special equipment to walk (%)
Physical Functioning - People experiencing confusion/memory problems (%)
Physical Functioning - People requiring special healthcare equipment (%)
Prescription Medications - Average number of prescription medicines taking
Preventive Aspirin Use - Adults 40+ taking low-dose aspirin (%)
Reproductive Health - Vaginal deliveries (%)
Reproductive Health - Cesarean deliveries (%)
Reproductive Health - Deliveries resulted in a live birth (%)
Reproductive Health - Pregnancies resulted in a delivery (%)
Reproductive Health - Women breastfeeding newborns (%)
Reproductive Health - Women that had a hysterectomy (%)
Reproductive Health - Women that had both ovaries removed (%)
Reproductive Health - Women that have ever taken birth control pills (%)
Reproductive Health - Women taking birth control pills (%)
Reproductive Health - Women that have ever used Depo-Provera or injectables (%)
Reproductive Health - Women that have ever used female hormones (%)
Sexual Behavior - People 18+ that ever had sex (vaginal, anal, or oral) (%)
Sexual Behavior - Males 18+ that ever had vaginal sex with a woman (%)
Sexual Behavior - Males 18+ that ever performed oral sex on a woman (%)
Sexual Behavior - Males 18+ that ever had anal sex with a woman (%)
Sexual Behavior - Males 18+ that ever had any sex with a man (%)
Sexual Behavior - Females 18+ that ever had vaginal sex with a man (%)
Sexual Behavior - Females 18+ that ever performed oral sex on a man (%)
Sexual Behavior - Females 18+ that ever had anal sex with a man (%)
Sexual Behavior - Females 18+ that ever had any kind of sex with a woman (%)
Sexual Behavior - Average age people first had sex
Sexual Behavior - Average number of female sex partners in lifetime (males 18+)
Sexual Behavior - Average number of female vaginal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a woman (18+)
Sexual Behavior - Average number of woman performed oral sex on in lifetime (18+)
Sexual Behavior - Average number of male sex partners in lifetime (males 18+)
Sexual Behavior - Average number of male anal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a man (18+)
Sexual Behavior - Average number of male oral sex partners in lifetime (18+)
Sexual Behavior - People using protection when performing oral sex (%)
Sexual Behavior - Average number of times people have vaginal or anal sex a year
Sexual Behavior - People having sex without condom (%)
Sexual Behavior - Average number of male sex partners in lifetime (females 18+)
Sexual Behavior - Average number of male vaginal sex partners in lifetime (females 18+)
Sexual Behavior - Average number of female sex partners in lifetime (females 18+)
Sexual Behavior - Circumcised males 18+ (%)
Sleep Disorders - Average hours sleeping at night
Sleep Disorders - People that has trouble sleeping (%)
Smoking-Cigarette Use - People smoking cigarettes (%)
Taste & Smell - People 40+ having problems with smell (%)
Taste & Smell - People 40+ having problems with taste (%)
Taste & Smell - People 40+ that ever had wisdom teeth removed (%)
Taste & Smell - People 40+ that ever had tonsils teeth removed (%)
Taste & Smell - People 40+ that ever had a loss of consciousness because of a head injury (%)
Taste & Smell - People 40+ that ever had a broken nose or other serious injury to face or skull (%)
Taste & Smell - People 40+ that ever had two or more sinus infections (%)
Weight - Average height (inches)
Weight - Average weight (pounds)
Weight - Average BMI
Weight - People that are obese (%)
Weight - People that ever were obese (%)
Weight - People trying to lose weight (%)
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