An extreme example of the value of an HOA in Upscale North Raleigh Neighborhood (foreclosure, mortgage)

[ducter]

While it seems funny, in the article it says:

"He fears there may be retaliation, as the events tended to draw what MacArthur described as a rough crowd – one that had to be frisked and patted down before entering the mansion. As a result, he said that he and the other two families living in the yet-unfinished subdivision have armed themselves for protection"

[LoopDeLoop]

everytime i read this thread i can only see the real housewives of raleigh dressed in lily pulitzer dresses, holding out little acorns. & i hear

they see me rollin'
they hatin'
patrollin' they tryin' to catch me ridin' dirty
tryin' to catch me ridin' dirty
tryin' to catch me ridin' dirty
tryin' to catch me ridin' dirty
tryin' to catch me ridin' dirty

you're welcome.

[RedZin]

Originally Posted by topchief1

I like how they want 3 million for a home that sold for well under a million less than 3 years ago, and whose estimated value is barely a million dollars.

I'll give them 10 bucks, most I can do.

That's 10 more than I'd be willing to pony up. That house is offensive.

[RedZin]

Originally Posted by LoopDeLoop

everytime i read this thread i can only see the real housewives of raleigh dressed in lily pulitzer dresses, holding out little acorns. & i hear

they see me rollin'
they hatin'
patrollin' they tryin' to catch me ridin' dirty
tryin' to catch me ridin' dirty
tryin' to catch me ridin' dirty
tryin' to catch me ridin' dirty
tryin' to catch me ridin' dirty

you're welcome.

Damn. I cannot rep you again.

[butterflies1375]

and now I will have that song in my head for the rest of the day.

[NM posts]

Originally Posted by MikeJaquish

Krispy Kremes will get all smushy in a grotto.

Truth. Plus, there's the potential copperhead problem.

[netbrad]

Originally Posted by topchief1

I like how they want 3 million for a home that sold for well under a million less than 3 years ago, and whose estimated value is barely a million dollars.

I'll give them 10 bucks, most I can do.

Look, I know you have to make money but can you do a little better? How about 15? It is a one of a kind house, it will look great in your neighborhood.

[dio108]

Originally Posted by topchief1

I like how they want 3 million for a home that sold for well under a million less than 3 years ago, and whose estimated value is barely a million dollars.

I'll give them 10 bucks, most I can do.

Your missing the investment potential here though. Just keep giving the neighbors free drinks and let them "investigate" the "hookah" room and you have north Raleigh's most profitable night spot.

[evaofnc]

Originally Posted by ncmickey

If I was the neighbor, I would have started selling parking in my driveway for $25!

No no no, you charge $500 for exclusive use of your driveway. Have a red carpet going from your driveway to the neighbor's yard.

[meanieme]

Can someone explain how they got such a good deal on the house?
Paid $800K for it back in 2010 and trying to sell now for $3M?
Even for 2010 prices, it should be worth at least $2M.