re: This new custom home in Austin has gone unsold for a year; price dropped from $2M to $1.6M

And maybe build it so all the rooflines don't drain into the main entrance?

What a damn mess that house is...

The views are excellent, though.

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I was expecting a 1600 foot houses squeezed into a good neighborhood

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I know it happens, but man what a stupid thing to buy. You can get sooooo much more value for that kind of money.

The buyer for that home is probably Indian (see my post bottom of page 2) and looking for max SF and # of bedrooms in this area. The problem appears to be that they ran out of wealthy Indians before they ran out of homes.

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Id at least expect some crown moulding for that price tag, no?

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this is the second time someone has mentioned crown molding in this thread. What is the fascination with some cheap factory cut painted trim?

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Are we entering a 2008 type of housing market correction here?

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No but people are asking all time high prices with double the interest rates vs 5 years ago. Someone has to budge big time.

Also housing prices are downright insane. Who are buying all of these million dollar homes?

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What is the fascination with some cheap factory cut painted trim?

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Its fricking ridiculous. The real estate market in this country is absolutely fricked and its because of women watching Joanna gains and declaring themselves architects.

It has no basis in practicality or reality. Its all about molding, trim, faucets, counter tops, and knocking down a wall to give a more open floor plan.

Its absolutely completely fricked.

I know how to build a house. How to do every single step except finish the concrete with my own hands. My house is built like a tank, super easy to maintain, energy efficient, practical layout - by every objective measure a damned good house.

Appraiser noted that the house was "of low quality" citing contractor grade faucets, formica counter tops, lack of molding in some rooms, other assorted bullshite.

Anything about 6" walls on 16" centers? Nope. Anything about commercial gauge steel roof? Nope. Needs fancier fricking faucets.

I hate the real estate market so damned much.

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We have been heading there for a long while

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Conversely, ppl have been saying this for a long while and it keeps not happening.

Reminds me of the line that “economists have successfully predicted 10 of the last 3 recessions

Pretty bland looking house for 1.6M. Still going with all white/grey trend from 5+ years ago.

That's in Crystal Falls. I have a few friends that live in that neighborhood and I play golf there a few times a year.
It's a nice neighborhood full of $1M+ homes. They are sitting on the market much longer than before for some reason. A good friend of mine just bought there and the house had been listed for over a year. If I'm not mistaken, he told me they had lowered the price on the home around $200,000 before he made an offer.