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Old 03-19-2009, 07:50 AM
 
13,511 posts, read 17,044,420 times
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"Pride of ownership"

No thanks, Mr. 450K 4BR high ranch in Smithtown with a 20 year old kitchen and lovely wood paneling throughout!! Did anyone tell you that it isn't 2006 anymore?

 
Old 03-19-2009, 07:59 AM
 
7,658 posts, read 19,180,133 times
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Quote:
Originally Posted by dman72 View Post
"Pride of ownership"

No thanks, Mr. 450K 4BR high ranch in Smithtown with a 20 year old kitchen and lovely wood paneling throughout!! Did anyone tell you that it isn't 2006 anymore?
No Excellent is Crap and Diamond is Mediocre.



crooooooooooks
 
Old 03-19-2009, 07:59 AM
 
Location: Northwestern Michigan
939 posts, read 2,682,282 times
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"Lovely wood paneling" is pretty funny. I'd say 75% of houses for sale on LI need "updating". Don't forget "charming" aka very small.
 
Old 03-19-2009, 08:00 AM
 
4,698 posts, read 8,765,221 times
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I love the listings that say "lots of potential" or "cozy".
 
Old 03-19-2009, 08:03 AM
Status: "UB Tubbie" (set 28 days ago)
 
20,062 posts, read 20,877,739 times
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Ha ha! Pride of ownership!
It is a true statement though, it just means that the people took excellent care of their 1950's home, and when you walk in you feel like you've entered a time warp.
They took such good care of it that it never needed updating!
 
Old 03-19-2009, 08:04 AM
 
852 posts, read 2,018,241 times
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Default Hah!

Quote:
Originally Posted by S.I.B. View Post
I love the listings that say "lots of potential" or "cozy".
The one I bought didn't say anything. I sold my "Cream Puff" in Florida to move into my present dungeon. Luckily, my house is so outdated, that it completely missed the wood panelling phase. As such, I have lead-painted walls.
 
Old 03-19-2009, 08:10 AM
 
1,386 posts, read 5,348,549 times
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cozy- small
well cared for - its old and we cleaned it.
updated kitchen - we renovated it in 1990, oak cabinets laminate counters, I paid 10K to have it done then, I think it adds 50K to the value.
new kitchen - 8 years ago we bought some HomeDepot cabinets and put down some laminate flooring
excellent -okish.......
diamond - should be somewhat nice.
good - gut renovation
fair- if you lean on it, it might fall over.

has potential! - see "good" above or its small.
low taxes! - under 10K
centrally located! - on the entrence ramp to the southern state.
 
Old 03-19-2009, 08:10 AM
 
Location: NY
1,416 posts, read 5,603,030 times
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Quote:
Originally Posted by dman72 View Post
"Pride of ownership"

No thanks, Mr. 450K 4BR high ranch in Smithtown with a 20 year old kitchen and lovely wood paneling throughout!! Did anyone tell you that it isn't 2006 anymore?
You're not kidding. Normally I wouldn't have thought of that phrase as a red flag but it's true that during this current round of house hunting we have seen THREE such listings. And in every case yes it was a house that hadn't been updated since the 60s or 70s and even our buyer agent snorted in disbelief at that description when we saw the place.

We now assume that "pride of ownership" means "they made sure the roof didn't fall in".
 
Old 03-19-2009, 08:15 AM
 
Location: NY
1,416 posts, read 5,603,030 times
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Quote:
Originally Posted by Chrisk327 View Post
low taxes! - under 10K
centrally located! - on the entrence ramp to the southern state.
LOL!!

Though actually IMHO the "low taxes" one is not an exaggeration. The current-10K figure is pretty much our tax threshold (our last house's taxes had increased to almost double that!) and so when we do see anything with taxes under 10K it does fall into the category of "low".... for what we're looking for (1/2 acre) anyway.
 
Old 03-19-2009, 08:15 AM
 
13,511 posts, read 17,044,420 times
Reputation: 9691
I always interpreted "pride of ownership to mean:

"Well, yeah, the house is a dump, but at least you'll own it!!! You could rent for 3 more years, save money, and buy a better house, but I need my commission!!"
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