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 Post subject: Turn Down $1,666 Per SqFt, and Holdout for $16,666 ?
PostPosted: Sun Jun 29, 2014 8:06 pm 
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I guess question marks are not allowed in thread titles? Who knew?
Plus couldn't figure out how to insert image. Tried the button above, and also just copy/paste.

The link below is to a general story on a current residential real estate controversy in Wash DC which may be of marginal interest. My real reason for posting however, is to suggest that you click through the photo gallery to # 9 & 10 and then click on the "read more" link.

A classic case of a guy consumed by irrationality. Developers were willing to offer him $3M for his house, way above, maybe six times above, the market value of the actual building, but he was holding out for $15-30M, and missed the boat. To make matters worse, he's an architect, who should have known better. I drive by that building a couple of times a week, and never fail to turn my head in wonderment.

http://www.washingtonpost.com/local/sky ... ml?hpid=z3


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 Post subject: Re: Turn Down $1,666 Per SqFt, and Holdout for $16,666 ?
PostPosted: Sun Jun 29, 2014 8:14 pm 
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CBMD wrote:
I guess question marks are not allowed in thread titles? Who knew?


There's a maximum limit of characters in the titles, not question marks.


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 Post subject: Re: Turn Down $1,666 Per SqFt, and Holdout for $16,666 ?
PostPosted: Sun Jun 29, 2014 8:23 pm 
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mr_anderson wrote:
CBMD wrote:
I guess question marks are not allowed in thread titles? Who knew?


There's a maximum limit of characters in the titles, not question marks.

Thx. Chalk that up to Yankee stupidity. :D


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 Post subject: Re: Turn Down $1,666 Per SqFt, and Holdout for $16,666 ?
PostPosted: Sun Jun 29, 2014 8:32 pm 
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The interesting thing in that article is that DC planners are taking steps to ensure a supply of family homes and discourage conversion to smaller units, because they recognise the need for family-sized homes.

No chance of 51st-Statehood is there?

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 Post subject: Re: Turn Down $1,666 Per SqFt, and Holdout for $16,666 ?
PostPosted: Sun Jun 29, 2014 9:07 pm 
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Mantissa wrote:
The interesting thing in that article is that DC planners are taking steps to ensure a supply of family homes and discourage conversion to smaller units, because they recognise the need for family-sized homes.

No chance of 51st-Statehood is there?

Careful what you wish for. Building heights in DC are restricted in a complicated manner that varies by neighborhood. Because developers are unable to build up, they sometimes build down deeper than you might imagine. There are 12 story (max) office buildings with 8 floors of underground parking. Another result of the Height Act is to push land prices, and now office/housing costs up to Manhattan levels, where they don't really deserve to be. Several years ago a foundation offered the city $100M for a surface parking lot, 1.5 acres I think, (last developable site on PA Ave between Capitol & WH), and added the codicil, that if the city accepted within 30 days, they would up the offer to $130M, provided the extra 30 was used to build low income housing. That site now houses The Newseum.

http://www.newseum.org/


Quote:
The Height of Buildings Act of 1910 was an Act of Congress passed by the 61st United States Congress on June 1, 1910 to limit the height of buildings in Washington, D.C.[1] The original act was passed on March 1, 1899 when the 55th United States Congress approved the Height of Buildings Act of 1899.[2] The original act restricted the heights of any type of building in the United States capital city of Washington, D.C., to be no higher than 110 feet. In 1910, the 61st United States Congress enacted a new height restriction law limiting building heights to 130 feet, or the width of the right-of-way of the street or avenue on which a building fronts, whichever is shorter. That is the main law presented by this act.

http://en.wikipedia.org/wiki/Height_of_ ... ct_of_1910


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 Post subject: Re: Turn Down $1,666 Per SqFt, and Holdout for $16,666 ?
PostPosted: Sun Jun 29, 2014 9:42 pm 
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IIRC - it's 30 odd years back - one owner help out against the dev at the top of Harcourt St (The Bleeding Horse block) around the side where cafe sol is now and it was built around him. Always wondered what happened with that.

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 Post subject: Re: Turn Down $1,666 Per SqFt, and Holdout for $16,666 ?
PostPosted: Sun Jun 29, 2014 11:04 pm 
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See this list of Spite Houses for more.

I've always liked this one in Boston:


Image

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 Post subject: Re: Turn Down $1,666 Per SqFt, and Holdout for $16,666 ?
PostPosted: Mon Jun 30, 2014 12:08 am 
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Speculator

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Mantissa wrote:
See this list of Spite Houses for more.




Great story behind this building in London:

http://en.m.wikipedia.org/wiki/Wickhams ... ment_store)


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 Post subject: Re: Turn Down $1,666 Per SqFt, and Holdout for $16,666 ?
PostPosted: Mon Aug 11, 2014 10:26 pm 
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Jayzus, I nearly made a bid meself, except that I'm looking for two similar properties side by side, so this wouldn't work for me.
$22,677 Per Square Foot in Hong Kong

http://dc.urbanturf.com/articles/blog/2 ... m=headline


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 Post subject: Re: Turn Down $1,666 Per SqFt, and Holdout for $16,666 ?
PostPosted: Mon Aug 11, 2014 10:34 pm 
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There is a crescent of houses on fairview/clontarf border which were built to block out the sea view of the large house in marino known as the Marino Casino (as an aside, Bram Stoker lived in one of them).


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 Post subject: Re: Turn Down $1,666 Per SqFt, and Holdout for $16,666 ?
PostPosted: Mon Oct 12, 2015 9:03 pm 
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Is this the official "narrow houses" thread? This one in London is less than 8 feet wide:

http://www.alma-nac.com/projects/houses/slim-house

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