MegBurns

suburbanite in the 860. clothes addict, pr junkie.
meghan.m.burns@gmail.com
@MegBurns
I am currently in no position to be purchasing any sort of residence, but I have been talking lately about potentially purchasing a second home before I were to purchase a primary residence. The reality of where we live (CT) is that it’s going to be a looooong time before we can buy the sort of home that either Chris or I grew up in (ex: normal 3 br, 2 ba house). Taxes alone in this area run around $10k/yr. Bananas. It is also no longer a safe bet that you can buy a small “starter home” and be able to sell it for any sort of profit down the road (thanks, recession) like our parents did. We also live in a very affordable rental that we love and have no reason to think we’d need to move soon. We are also young and you never know what the future may bring (new jobs, cities, etc). Realistically I could be in the position to afford a tiny, small, cozy second home somewhere remotely by a shore/ocean/lake in the next 5 years. My life dream has always been to own something, somewhere, that my family and many generations in the future will have forever. Somewhere that everyone gathers summer after summer to relax and reconnect. I come from a military family that moved every 2-4 years… owning a family home that would always be in the same place would be invaluable to me. Anywho, the point of this post was to show you the photo above. I’ve been watching a few little bungalows along the Connecticut shore for a few months, just getting an idea of what sort of investment I’d have to make to make this possible some day. This is a one-room log cabin. It lists the bath as “private”… which with this sort of home normally means…outside. It is so beyond creepy and has been on the market for 180 days. It is listed for about double the price of any other home for sale on this particular lake. The price has increased about $2,600 every month or so. Um. Typically if no one is bidding on your home, upping the price will not encourage activity…??

I am currently in no position to be purchasing any sort of residence, but I have been talking lately about potentially purchasing a second home before I were to purchase a primary residence.

The reality of where we live (CT) is that it’s going to be a looooong time before we can buy the sort of home that either Chris or I grew up in (ex: normal 3 br, 2 ba house). Taxes alone in this area run around $10k/yr. Bananas.

It is also no longer a safe bet that you can buy a small “starter home” and be able to sell it for any sort of profit down the road (thanks, recession) like our parents did.

We also live in a very affordable rental that we love and have no reason to think we’d need to move soon. We are also young and you never know what the future may bring (new jobs, cities, etc). Realistically I could be in the position to afford a tiny, small, cozy second home somewhere remotely by a shore/ocean/lake in the next 5 years.

My life dream has always been to own something, somewhere, that my family and many generations in the future will have forever. Somewhere that everyone gathers summer after summer to relax and reconnect. I come from a military family that moved every 2-4 years… owning a family home that would always be in the same place would be invaluable to me.

Anywho, the point of this post was to show you the photo above. I’ve been watching a few little bungalows along the Connecticut shore for a few months, just getting an idea of what sort of investment I’d have to make to make this possible some day.

This is a one-room log cabin. It lists the bath as “private”… which with this sort of home normally means…outside. It is so beyond creepy and has been on the market for 180 days. It is listed for about double the price of any other home for sale on this particular lake.

The price has increased about $2,600 every month or so.

Um. Typically if no one is bidding on your home, upping the price will not encourage activity…??

  1. shesagoodegg said: It has “bohemian charm”. I love creative real estate descriptions.
  2. messily said: That’s my dream, too! We talk about it all the time — except that we can’t honestly say which coast we’ll end up on, and it seems a little silly to have a summer home in Massachusetts or N/S Carolina if we settle in California.
  3. blogthenewblack said: this is creepy. Also- I just put an offer in on a home and then RAISED the list price (after countering)
  4. the-house-of-oz said: People are so clueless. Why would they increase the price when it’s not selling?
  5. megburns posted this