Condo Conversion Craziness

[Pangloss62]

Atlanta is going condo BIG TIME. Even our famous Post Properties, dozens and dozens of overpriced apartment complexes, are converting. Lofts and lofts downtown too. You want expensive? I live in an apartment in a leafy subdivision of 60s and 70s ranch burgers. I have a great deal; it a day-light basement apartment, good landlord. About 5 years ago, a developer who lives in a replica of The White House nearby (true), started tearing down the perfectly nice ranchers to build his McMansions. Dig this: the ranchers are usually split-levels and one across the street sold for 235K. This developer dude just tore one down and built two McMansions. I picked up the flyer yesterday. Gulp. $1,199,000.00 That's for one. The other one located about 15 feet away is probably the same. I don't know who these people are that buy these things.

Hey Kit, sounds like you're in the same boat as me. I would go for a small house, but that's just me.


The developer lives in this replica of the White House


These are the "beautiful" homes he builds.

[Kitsune]

Originally Posted by Pangloss62

Hey Kit, sounds like you're in the same boat as me. I would go for a small house, but that's just me.

I was looking into that since prices have started to drop, here, but insurance is up so high (from ~$700 to close to $3,000 and still rising) and interest rates are up enough to make it really difficult. I'm comfortable renting until I leave the state or a second income enters the picture.

Ugh. I remember the brick blocks up there. Always ugly and they tended to sit atop really tall hills with a crumbling cliff overlooking a major highway for a backyard. Classy.

[Happy Monkey]

Originally Posted by Pangloss62

These are the "beautiful" homes he builds.

What's that huge almost windowless section? A regulation basketball court?