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Glitterdomes

[FONT=.SF UI Display][FONT=.SFUIDisplay-Semibold]I went to new project today. We don't have it yet, but we might get it.[/FONT]
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[FONT=.SF UI Display][FONT=.SFUIDisplay-Semibold]The other contractor bailed. That happens a lot. They get the project because they give a lower price. Sometimes that price is below cost. They get to a point where the job is upside down, and then they bail. [/FONT][/FONT]
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[FONT=.SF UI Display][FONT=.SFUIDisplay-Semibold]That's what they said happened here. It's s hillside house; a remodel. The original house, they had excavated a step in the hillside. The new plans called for a retaining wall to hold the mountainside. The contractor had told the owner they didn't need it, wouldn't have to do it. [/FONT][/FONT][FONT=.SF UI Display][FONT=.SFUIDisplay-Semibold]After getting far into the project, the city told them they did. That is going to be expensive. Very. [/FONT][/FONT]
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[FONT=.SF UI Display][FONT=.SFUIDisplay-Semibold]I guess it's all relative. It's an expensive house in an expensive neighborhood. It's up above Sunset on Sunset Plaza which is a well known street. It's where all the hoity, plastic, Hollywood/Beverly Hills sidewalk cafes are. People sit out there to be noticed. It's been in the movies. I've seen it. [/FONT][/FONT]
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[FONT=.SF UI Display][FONT=.SFUIDisplay-Semibold]I imagine men in Italian designer sunglasses and Pat Boone white slip-ons sitting across from expensive-water sipping beautiful medusas. There might be a piece of something colorful, a piece of endangered rainforest or (?) floating as decoration in the water. Her bone structure- my god, she is exquisite- I see eventual divorces and drug-addict offspring. I see heart-attacks and bankruptcies. [/FONT][/FONT]
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[FONT=.SF UI Display][FONT=.SFUIDisplay-Semibold]The house is two stories. The first floor ceiling is about 14 feet. The second floor is 10. Right now there's no stairs to the second floor. All the walls are still open and most of the mechanic trades look finished, 'roughed in' as they say, ready to be inspected and then covered. [/FONT][/FONT]
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[FONT=.SF UI Display][FONT=.SFUIDisplay-Semibold]After that the finishes go in. They still need all their doors and windows, and their stairs. [/FONT][/FONT]
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[FONT=.SF UI Display][FONT=.SFUIDisplay-Semibold]And after that they'll need cabinets and floors and bathrooms and all their appliances. It can get ridiculous, that part, as people can choose very expensive toilets and such. A typical house might be 200- 300 per sq. foot, but a house like this could go into the thousands. [/FONT][/FONT]
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[FONT=.SF UI Display][FONT=.SFUIDisplay-Semibold]There are Arabian princes on the tops of the mountains. They build palaces that make this place look like a dump. Actually, they build them, but they never live in them. [/FONT][/FONT]
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[FONT=.SF UI Display][FONT=.SFUIDisplay-Semibold]If only I could marry an Arabian prince... but then I couldn't - mmm, no, that's ridiculous, for many reasons. *sigh*[/FONT][/FONT]
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Comments

Kamino- to describe a project as 'upside down' is to say that the expected expenditures have gone past the point of or are greater than the expected profits. In this case, there may be enough value in the property to cover those costs, but the contractor who took on the job ( who is not the property owner) has gone over what his expected costs of his contract were to have been. He may actually have made a profit up to that point, but could see that from there on the job would be a money-loser for him, so, he ceased all work and refused to come back, 'abandoning' the project.
 
I understand why some look at those houses and envision plastic people. My sister lives in one. She is 78 and still works, full time. So does her 78 year old husband. (She is the real money maker) They started from "less than nothing" (my parents took them food), so wanted a wonderful house. They rarely show it off to anyone. Hell, I'd have lots of parties. Ha! They are the most frugal people you will meet. They go to Vegas to ballroom dance (yep, still, at 78, but won't pay big bucks for coffee, in hotel. They walk quite a way to gas station for cheap one, each morning. They do their own landscape upkeep (several acre home site), so her husband shops at the Salvation Army for garden clothes. I could go on, but you get the picture. All is not as it seems, on the outside. (Think about how Warren Buffet still lives in same house, on main street, in smallish town....for decades. I love that about him.)
 

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