Wednesday, May 31, 2006

$1.3 Million

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We bought this, our second home, almost three years ago. It's a lovely home in a wonderful neighborhood.

Although my home is an older one (circa 1987), the neighborhood is still developing, and whenever I walk the dog I check out the progress.

Since the time we'd moved in, there'd been an empty lot behind us. I used to tell our friends and family about it and say, "You want to buy the lot? We can knock down our back fence and have a communal yard." "How much is it?" "Oh, probably $750, 000." "That's with the house, right?" "Nope...just the lot."

Well, the lot never did get sold, nor did several lots on the next street. So the builder did the next best thing: he started building. I guess he follows the motto: "Build it and they will come...and buy."

When we left last summer for our road trip to Florida, they'd fenced off the lot behind us; when we got home 12 days later, they'd already dug a hole. So, summer, fall, winter and spring, we watched this house slowly but surely go up.

An elegant, custom home if ever there was one. The builder now is offering "Open House" so I and my hubby went in last weekend -- separately. That way we'd see the home independent of each other and form our own opinions.

Okay, it's a nice house -- nice rooms, nice high ceilings, some equally nice finishing touches. But please tell me: WHAT THE HECK MAKES IT COME WITH A $1.3 MILLION DOLLAR PRICE TAG? Wouldn't someone want to design their own custom home for that kind of money?

I can maybe scrounge up the .3 part, but 1 million? Nuh-uh.

Perhaps the only nice thing about having this piece of real estate literally in my backyard is that my house just increased in value multifold. (but probably so did our property tax --*sigh*) The price tag on our home was nowhere close to that number, and even though we've made some wonderful upgrades, it's still nowhere close to the price of my neighboring home.

But as in everything, there's a lesson to be learned here too. Buy a smaller property, even an older property, in a nice neighborhood. Make your smaller house a home...and it'll soon become your castle.


Hope you all have a wonderful Shavuot and a good Shabbos.