Shipping Container House for Midtown

Yes, we probably talk about shipping container homes more than most blogs.  That doesn't mean they aren't worth covering.

Midtown Detroit will see a pilot project of sorts using this very container.  An intern for Michigan Urban Farming Initiative will live in it, blog from it, and oversee their (urban) farmland from it, starting in the fall.  Sounds like a great gig for a young adult in search of a unique experience.

What do you think?  Would you be up for this experience?




Link:
http://www.detroitnews.com/article/20140430/AUTO0103/304300091/Home-built-from-shipping-container-unveiled-Detroit

Thought for the Day

Every setback you encounter in life contains valuable information that, if you study it carefully, will eventually lead you to success. 

We're Back!

Did you miss us?  Things have been kind of busy for awhile here, and there was no point posting a half-done blog that was not up to our standards.  But now we are back to a regular schedule.

Suddenly a New U.S. Record--$147 Million

Hedge fund manager Barry Rosenstein paid $147 million for this Hamptons abode.

Just when we were comfortable that Copper Beech Farm in Connecticut was going to be the standing record for a U.S. home sale, a place in the Hamptons in New York went and broke it.

The 18-acre beachfront property was owned by Tweedy Browne managing director Christopher Browne, who died in 2009.  His will left his entire estate to his boyfriend, which of course meant other family members sued.  Part of the eventual settlement in 2012 was that Andrew Gordon could stay there as long as he lived (he was dying of cancer).  After his passing, the house was quickly sold by the relatives without using the usual high-end brokers in that area (or paying their commissions).  The NY Post article notes the angst that caused among the brokers.  The property was purchased by hedge fund manager Barry Rosenstein of Jana Partners.

The $147 million selling price easily tops the $120 million for the Connecticut estate, which had been on the market for some time and went through several price cuts.




Link:
http://nypost.com/2014/05/03/activist-investor-buys-east-hampton-mansion-for-record-147m/

Thought for the Day

If you think achieving great heights of success will be easy, you either don’t understand at all how the process works or you have your sights set too low.

Thought for the Day

Every day you have to test yourself. If you don't, it's a wasted day.

Featured Listing: 24170 Chicago, Dearborn

This listing can help show how the housing market truly has rebounded.  During the lowest point of the dip in real estate values, a home like this in this area of Dearborn might have listed for $50,000.  Now it is on the market for almost double, and it is not an unusual case.