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(BBC)   $600,000 house sells for $50,000. There is a catch. Actually the problem is more drop than catch   (bbc.co.uk) divider line 68
    More: Strange, Torquay  
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23838 clicks; posted to Main » on 12 Jul 2013 at 3:00 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



68 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2013-07-12 03:02:26 AM  
Second worse accommodations in Torquay
 
2013-07-12 03:04:32 AM  
Strip it of anything valuable and sell it off that way?
 
2013-07-12 03:05:12 AM  
If it's uninhabitable, you'd be an idiot to buy the house.
 
2013-07-12 03:06:55 AM  
Buy for nothing, insure for like full regular value, then have an "electrical fire"
 
2013-07-12 03:07:48 AM  
Yar, gravity be a harsh mistress.

/ too bad; it were a nice house
 
2013-07-12 03:08:43 AM  

Oldiron_79: Buy for nothing, insure for like full regular value, then have an "electrical fire"


This.
 
2013-07-12 03:10:21 AM  

zerkalo: Second worse accommodations in Torquay


www.bbc.co.uk
 
2013-07-12 03:18:06 AM  
 Did they not say this was a good investment property?
I think this a great buy if you are an engineer and have friends or acquaintances that can fix it for you far cheaper than someone else.

Is there any engineers that have any input on such a purchase since it is 100 feet away from a cliff that is prone to slides?  Is there anyway that it can be fixed?

FTA: Torquay Council's prohibition order means it will not allow occupation until a structural work is carried out to make it safe.
 
2013-07-12 03:21:26 AM  
A friend of mine briefly rented a condo that was slowly sliding down a hill.  It wasn't a "gonna fall into the sea" situation but some of the walls had cracks and closet doors were off-kilter.  I think the owner was trying to make the developer pay to demolish the structure, properly stabilize the ground, then rebuild.  I have no idea how that turned out but it was  cheap rental while it was crumbling.
 
2013-07-12 03:23:15 AM  
It sounds like it could be a steal for someone ready to do a full rehab. Not cheap, but if done right you could re-sell it for a lot more than you put into it. Or the land may just be that valuable.

Or of course, the buyer could have some inconvenient relatives to whom they'll generously offer the house rent-free.
 
2013-07-12 03:25:17 AM  
King Sh*t of F*ck Island once its structurally fixed.
 
2013-07-12 03:26:57 AM  
Infested with Siberian hamsters, too.
 
2013-07-12 03:28:10 AM  

Fano: Oldiron_79: Buy for nothing, insure for like full regular value, then have an "electrical fire"

This.


I see Im not the only one with Arson on their qualifications.
 
2013-07-12 03:35:54 AM  
What would it cost to move the house I wonder....If you can pay a company to move it to a better plot for less than $550K it still sounds like a good investment to me.
 
2013-07-12 03:43:58 AM  

AverageAmericanGuy: If it's uninhabitable, you'd be an idiot to buy the house.


So, the buyer is from New Orleans?
 
2013-07-12 03:44:17 AM  
Another O'Reilly job...
 
2013-07-12 03:46:09 AM  

LunarAtom: What would it cost to move the house I wonder....If you can pay a company to move it to a better plot for less than $550K it still sounds like a good investment to me.


Unless the weight of the moving equipment triggers another landslide.
 
2013-07-12 03:48:12 AM  

BarkingUnicorn: AverageAmericanGuy: If it's uninhabitable, you'd be an idiot to buy the house.

So, the buyer is from New Orleans?


Indubitably.
 
2013-07-12 03:56:00 AM  
So, it's not a $600,000 house then, is it?
 
2013-07-12 03:59:32 AM  
I could rescue that whole subdivision... Just a matter of proper drainage and tiebacks to hold the cliff fact together. But I doubt you'd be able to get the investment or the permission to undertake such civil works on a private scale, and a public scale would be skimming the poor to (literally) support the rich. Anyways, the environmental people would hold you back so long we'd be in Led Zeppelin territory.

/As mountains crumble to the sea...
 
2013-07-12 04:13:07 AM  
Came for the Fawlty Towers references, leaving satisfied.

/Duck's off
 
2013-07-12 04:39:25 AM  

ender_kg: Came for the Fawlty Towers references, leaving satisfied.

/Duck's off


I SAID DO NOT TALK ABOUT THE WAR. Oh! Oh...sorry. Carry on.
 
2013-07-12 05:23:58 AM  

JohnnyRebel88:  Did they not say this was a good investment property?
I think this a great buy if you are an engineer and have friends or acquaintances that can fix it for you far cheaper than someone else.

Is there any engineers that have any input on such a purchase since it is 100 feet away from a cliff that is prone to slides?  Is there anyway that it can be fixed?

FTA: Torquay Council's prohibition order means it will not allow occupation until a structural work is carried out to make it safe.


Well, if you also own the land at the base of the cliff, you *could* build a massive retaining wall... but that's a whole additional cost in itself.
 
2013-07-12 05:25:45 AM  
Good to know that they are willing to adjuust real estate values on a sliding scale.
 
GBB
2013-07-12 05:34:38 AM  
Anonymous buys Tor house?

/no one?
//really?
 
2013-07-12 05:36:07 AM  
adjust

/damn this phone!
 
2013-07-12 05:45:40 AM  

danielscissorhands: Good to know that they are willing to adjuust real estate values on a sliding scale.


::golf clap::
 
2013-07-12 05:51:43 AM  

Oldiron_79: Fano: Oldiron_79: Buy for nothing, insure for like full regular value, then have an "electrical fire"

This.

I see Im not the only one with Arson on their qualifications.


There's only one company in the world that would give you insiurance for that house. this one.
 
2013-07-12 06:06:28 AM  
lincolnite.com

Understands.
 
2013-07-12 06:09:32 AM  
Mark Ratner: King Sh*t of F*ck Island once its structurally fixed.

more like King Shiat of Mass Denudation because that land is as good as gone
 
2013-07-12 06:24:01 AM  

LunarAtom: What would it cost to move the house I wonder....If you can pay a company to move it to a better plot for less than $550K it still sounds like a good investment to me.


Depends, but quite possibly a viable option:

http://thehousingforum.com/how-much-does-it-cost-to-move-a-house/

Neighborhood I grew up in on Cape Cod had a few huge old wooden monsters that had been moved into place with ox teams back in the early 1900s...very cool old photos.
 
2013-07-12 06:36:05 AM  
landslip

You know what england? Oh never mind.

/ffs
 
2013-07-12 07:09:17 AM  

Fool_Marquis: JohnnyRebel88:  Did they not say this was a good investment property?
I think this a great buy if you are an engineer and have friends or acquaintances that can fix it for you far cheaper than someone else.

Is there any engineers that have any input on such a purchase since it is 100 feet away from a cliff that is prone to slides?  Is there anyway that it can be fixed?

FTA: Torquay Council's prohibition order means it will not allow occupation until a structural work is carried out to make it safe.

Well, if you also own the land at the base of the cliff, you *could* build a massive retaining wall... but that's a whole additional cost in itself.


Would it not be cheaper to move the house a couple hundred feet away from the cliff and make a new foundation for it.  This is under the assumption that one would be able to move the house considering the size of the structure.  I know they move houses, and a friend of mine has had relatives that moved theirs, so would his be an option?

I was just trying to find a logical angle for such a purchase, unless the grounds are worth something more than 50k.  It's a shame to let a beautiful house fall off a cliff without making an attempt to save it.  Even if it cost 500k to move it, which I would guess it would be less, you would be still ahead of the game if you can get it for 50k.
 
2013-07-12 07:15:02 AM  
¿Que?
 
2013-07-12 07:24:42 AM  

zerkalo: Second worse accommodations in Torquay


Well, may I ask what you were expecting to see out of a Torquay hotel bedroom window? Sydney Opera House, perhaps? The Hanging Gardens of Babylon? Herds of wildebeasts swinging majestically...

/You CAN see the sea. It's over there, between the land and the sky.
 
2013-07-12 07:42:28 AM  

bighairyguy: ¿Que?


Would be an awesome win if the house owned by a K. C. Watt, age forty.

/leaving satisfied
 
2013-07-12 07:45:30 AM  
graphics8.nytimes.com

Got plenty of time to inflate the couple of million balloons to do this. Not like you would have to do this over night, you know. Because they only gave you 24 hours notice before they hauled you off to the old folk's home. And the house has to be structurally connected to the fireplace. You'd better make sure that's true.
 
2013-07-12 07:48:01 AM  
Buying a house on a Cliff is not the Norm.
 
2013-07-12 07:51:10 AM  
JohnnyRebel88:
Would it not be cheaper to move the house a couple hundred feet away from the cliff and make a new foundation for it.  This is under the assumption that one would be able to move the house considering the size of the structure.  I know they move houses, and a friend of mine has had relatives that moved theirs, so would his be an option?

Houses in the UK tend to be made out of either i) thin brick outer layer with cinderblock inner layer  or ii) double layered brick walls.  Good luck moving that.

Also, there doesn't tend to be any free land in the UK in any place that you would want to live.

But other than that, good idea!
 
2013-07-12 07:51:46 AM  

RobSeace: zerkalo: Second worse accommodations in Torquay

Well, may I ask what you were expecting to see out of a Torquay hotel bedroom window? Sydney Opera House, perhaps? The Hanging Gardens of Babylon? Herds of wildebeasts swinging majestically...

/You CAN see the sea. It's over there, between the land and the sky.


Well, it wasn't her fault. She keeps the hearing aid off to preserve the batteries.
 
2013-07-12 08:03:52 AM  

CheatCommando: RobSeace: zerkalo: Second worse accommodations in Torquay

Well, may I ask what you were expecting to see out of a Torquay hotel bedroom window? Sydney Opera House, perhaps? The Hanging Gardens of Babylon? Herds of wildebeasts swinging majestically...

/You CAN see the sea. It's over there, between the land and the sky.

Well, it wasn't her fault. She keeps the hearing aid off to preserve the batteries.


i1.ytimg.com
 
2013-07-12 08:05:37 AM  
Did it ... old school.


signifyingnot.com
 
2013-07-12 08:16:43 AM  

rvesco: CheatCommando: RobSeace: zerkalo: Second worse accommodations in Torquay

Well, may I ask what you were expecting to see out of a Torquay hotel bedroom window? Sydney Opera House, perhaps? The Hanging Gardens of Babylon? Herds of wildebeasts swinging majestically...

/You CAN see the sea. It's over there, between the land and the sky.

Well, it wasn't her fault. She keeps the hearing aid off to preserve the batteries.

[i1.ytimg.com image 480x360]


That episode (and that scene in particular) remains one of the funniest things I have ever seen.
 
2013-07-12 08:18:47 AM  

Danack: JohnnyRebel88:
Would it not be cheaper to move the house a couple hundred feet away from the cliff and make a new foundation for it.  This is under the assumption that one would be able to move the house considering the size of the structure.  I know they move houses, and a friend of mine has had relatives that moved theirs, so would his be an option?

Houses in the UK tend to be made out of either i) thin brick outer layer with cinderblock inner layer  or ii) double layered brick walls.  Good luck moving that.

Also, there doesn't tend to be any free land in the UK in any place that you would want to live.

But other than that, good idea!


Thanks for the info, I didn't take the walls into consideration.  I just thought something like this could be a profitable Bed and Breakfast because of the scenery.  I thought the same about the lighthouses that were up for auction and mentioned on this site a couple weeks ago.
 
2013-07-12 08:31:24 AM  

CheatCommando: That episode (and that scene in particular) remains one of the funniest things I have ever seen.


Yes, the entire episode is brilliant (but, then most "Fawlty Towers" episodes are), but the line that always gets me the most is "Is this a piece of your brain?"...

s18.postimg.org

Closely followed by, "And if you give us any more trouble, I shall visit you in the small hours and stick a bat up your nightdress!"...
 
2013-07-12 08:35:11 AM  

Mark Ratner: King Sh*t of F*ck Island once its structurally fixed.


Why yes, yes I believe you are correct. Ocean Front and probably worth WAY more than what they paid for it. I'm certain the new owner and his wife will be able to upgrade it so as to avoid having to deal with you plebeians.
 
2013-07-12 08:42:50 AM  
If you look at the picture the second house (not the one circled) has already suffered a landslide and a corner of it is missing. Hence why the neighboring house has been deemed uninhabitable.
 
2013-07-12 08:45:22 AM  

RobSeace: CheatCommando: That episode (and that scene in particular) remains one of the funniest things I have ever seen.

Yes, the entire episode is brilliant (but, then most "Fawlty Towers" episodes are), but the line that always gets me the most is "Is this a piece of your brain?"...

[s18.postimg.org image 275x214]

Closely followed by, "And if you give us any more trouble, I shall visit you in the small hours and stick a bat up your nightdress!"...


I think my favorite line is "Speaking of terrible service... Manuel?"
 
2013-07-12 08:48:30 AM  

Mark Ratner: King Sh*t of F*ck Island once its structurally fixed.



My dad is a TV repairman. He has an ultimate set of tools. I can fix it.

i295.photobucket.com
 
2013-07-12 08:56:15 AM  
Ideal for thrill seekers. Great view. No lawn to mow in back.

upload.wikimedia.org
 
2013-07-12 09:33:36 AM  
The very Weeners is a Fawlty Towers reference.  Damn, you farkers are good.

BTW, Torquay has a micro-climate that is almost Mediterranean.   One of the few places in the UK were the weather is actually tolerable.
 
2013-07-12 09:38:21 AM  
Meh, could've got a better deal on the house to the right.  It appears to be half off.
 
2013-07-12 09:44:25 AM  
JohnnyRebel88:
Would it not be cheaper to move the house a couple hundred feet away from the cliff and make a new foundation for it.  This is under the assumption that one would be able to move the house considering the size of the structure.  I know they move houses, and a friend of mine has had relatives that moved theirs, so would his be an option?

It's not one of thoose American style houses that just sits on top of the ground. It'll have a foundation that goes into the ground, and might even be damaged badly if the supporting earth is removed.
 
2013-07-12 10:01:10 AM  
We have one like that here... We went and looked a few years ago when we were looking at houses. It originally was somewhere in the $600,000 range, and was about $120K last time we looked. The entire back yard ended up down the hill in the neighbor's back yard, there were cracks in the whole house, and it was going to be $300k or so just to shore up the back yard.

We have a lot of house wanting to slide down cliffs in Salt Lake. It's all part of being "business friendly" and not "interfering" with the contractor's right to build a house on a shaitty  cliff without doing the proper prep.
 
2013-07-12 10:01:20 AM  
images4.wikia.nocookie.net

oh, you said you wanted it fixed?
 
2013-07-12 11:02:34 AM  

zerkalo: Second worse accommodations in Torquay


And it's the Boobies in the thread. I commend you.
 
2013-07-12 11:38:20 AM  

spawn73: JohnnyRebel88:
Would it not be cheaper to move the house a couple hundred feet away from the cliff and make a new foundation for it.  This is under the assumption that one would be able to move the house considering the size of the structure.  I know they move houses, and a friend of mine has had relatives that moved theirs, so would his be an option?

It's not one of thoose American style houses that just sits on top of the ground. It'll have a foundation that goes into the ground, and might even be damaged badly if the supporting earth is removed.



Well shucks, we call em 'double-wides' roundin' these parts... ain't she a 'beaut??
 
2013-07-12 03:01:04 PM  
Manuel, get me a hammer.

Hammer... hammer... Ham sandwich?
 
2013-07-12 03:06:40 PM  

Mikey1969: We have one like that here... We went and looked a few years ago when we were looking at houses. It originally was somewhere in the $600,000 range, and was about $120K last time we looked. The entire back yard ended up down the hill in the neighbor's back yard, there were cracks in the whole house, and it was going to be $300k or so just to shore up the back yard.

We have a lot of house wanting to slide down cliffs in Salt Lake. It's all part of being "business friendly" and not "interfering" with the contractor's right to build a house on a shaitty  cliff without doing the proper prep.


So in Utah they are loose on regulations and safety?  I am surprised to hear that for some reason.
 
2013-07-12 03:13:16 PM  

JohnnyRebel88: So in Utah they are loose on regulations and safety?  I am surprised to hear that for some reason.


Hey, NOBODY was as surprised as me.... ;-)
 
2013-07-12 04:07:48 PM  

Mikey1969: JohnnyRebel88: So in Utah they are loose on regulations and safety?  I am surprised to hear that for some reason.

Hey, NOBODY was as surprised as me.... ;-)


My buddy owned a chiropractic office there but moved back to LA because of his wife, he said it was beautiful and he loved it there.  Is it because the Salt Lake area is now booming and would they rather get paid for permits than checking all the work that is being done because it is growing so rapidly?  Is it still growing fast with the influx of people from other states.  It seems like this is the new Denver/Boulder area.  Is that a fair assessment? Cash grabs and dirty politics as usual?  I would love to visit there sometime in the next couple years, it looks beautiful and very relaxing.

I am stuffed in the suburbs in between NYC and Philly, apx 60 miles from both.  So there are many assholes that move her that want huge houses that are affordable, and good schools for their children, but they are typically the worst neighbors to have.  for some reason they are  and cheap as hell too.
 
2013-07-12 04:20:33 PM  

JohnnyRebel88: My buddy owned a chiropractic office there but moved back to LA because of his wife, he said it was beautiful and he loved it there.  Is it because the Salt Lake area is now booming and would they rather get paid for permits than checking all the work that is being done because it is growing so rapidly?  Is it still growing fast with the influx of people from other states.  It seems like this is the new Denver/Boulder area.  Is that a fair assessment? Cash grabs and dirty politics as usual?  I would love to visit there sometime in the next couple years, it looks beautiful and very relaxing.


Yeah, it's a bunch of this Red State "We don't want to interfere with private business" bullshiat. It's also a mecca for MLM schemes and iffy "Energy Supplement" companies.

And yeah, it's growing fast. We moved here only 7 years ago, and that was because I wanted my kids to be able to walk out in the front yard without either getting abducted, shot, or run over. I think a lot of people are looking for that here.

It's a beautiful place, and it seems like almost anywhere you want to go in the city is about a 20 minute drive, not like Phoenix, where it could take an hour and a half to get across town, even on the freeways... The mountains are right next to the city, so places like Park City are only about a half hour drive, there's plenty of stuff like hiking, mountain biking and fishing, along with the skiing and snowboarding everyone knows about. On top of that, we have the Bonneville Salt Flats maybe an hour away, Dinosaur National Monument about an hour and a half, and Arches, Moab, Bryce And Zion all about 4-5 hours. ^-7 hours gets you to the North Rim of the Grand Canyon, which is the part you really want to visit, anyway...

Also, the Mormons make pretty nice neighbors. I've met more neighbors than I ever met in Phx, and had far less shiat stolen from my yard/garage.

So yeah, take away the dirty politics and the theocracy, and it really IS a paradise. Unfortunately, the liquor laws DO truly suck. :-(
 
2013-07-12 09:43:31 PM  

Mikey1969: JohnnyRebel88: My buddy owned a chiropractic office there but moved back to LA because of his wife, he said it was beautiful and he loved it there.  Is it because the Salt Lake area is now booming and would they rather get paid for permits than checking all the work that is being done because it is growing so rapidly?  Is it still growing fast with the influx of people from other states.  It seems like this is the new Denver/Boulder area.  Is that a fair assessment? Cash grabs and dirty politics as usual?  I would love to visit there sometime in the next couple years, it looks beautiful and very relaxing.

Yeah, it's a bunch of this Red State "We don't want to interfere with private business" bullshiat. It's also a mecca for MLM schemes and iffy "Energy Supplement" companies.

And yeah, it's growing fast. We moved here only 7 years ago, and that was because I wanted my kids to be able to walk out in the front yard without either getting abducted, shot, or run over. I think a lot of people are looking for that here.

It's a beautiful place, and it seems like almost anywhere you want to go in the city is about a 20 minute drive, not like Phoenix, where it could take an hour and a half to get across town, even on the freeways... The mountains are right next to the city, so places like Park City are only about a half hour drive, there's plenty of stuff like hiking, mountain biking and fishing, along with the skiing and snowboarding everyone knows about. On top of that, we have the Bonneville Salt Flats maybe an hour away, Dinosaur National Monument about an hour and a half, and Arches, Moab, Bryce And Zion all about 4-5 hours. ^-7 hours gets you to the North Rim of the Grand Canyon, which is the part you really want to visit, anyway...

Also, the Mormons make pretty nice neighbors. I've met more neighbors than I ever met in Phx, and had far less shiat stolen from my yard/garage.

So yeah, take away the dirty politics and the theocracy, and it really IS a paradise. Unfor ...


I forgot about the booze, but that is another reason that stills are becoming more popular I guess.  I loved Denver and Boulder when I was there awhile ago, this was prior to the hipster boom, Then I headed into Wyoming and went on horseback into the mountains for a fishing trip.  It was simply beautiful.  That is what Utah reminds me of from the pics I have seen.  I would like to head out there for 5 days or so, and since I don't ski, I would have more time to travel and see more of the state.
 
2013-07-12 09:50:12 PM  
Johnny and Mikey sitting in ay tree. Get a room! J/k t
 
2013-07-12 10:00:49 PM  

JohnnyRebel88: I forgot about the booze, but that is another reason that stills are becoming more popular I guess.  I loved Denver and Boulder when I was there awhile ago, this was prior to the hipster boom, Then I headed into Wyoming and went on horseback into the mountains for a fishing trip.  It was simply beautiful.  That is what Utah reminds me of from the pics I have seen.  I would like to head out there for 5 days or so, and since I don't ski, I would have more time to travel and see more of the state.


If you liked Wyoming, you'll like Utah. Wyoming has more high desert plains and less people, but still has the mountains. You should enjoy it, there is a ton here to enjoy, even a distillery in Park City, along with a  lot of good microbreweries, strangely enough.
 
2013-07-12 10:20:05 PM  

Mark Ratner: Johnny and Mikey sitting in ay tree. Get a room! J/k t


I don't think Utah would allow that.  Do they?  Not that there is anything wrong with that, just not my bag.  I do like horseback riding in the mountains though.
 
2013-07-13 01:04:40 AM  

JohnnyRebel88: Mikey1969: JohnnyRebel88: So in Utah they are loose on regulations and safety?  I am surprised to hear that for some reason.

Hey, NOBODY was as surprised as me.... ;-)

My buddy owned a chiropractic office there but moved back to LA because of his wife, he said it was beautiful and he loved it there.  Is it because the Salt Lake area is now booming and would they rather get paid for permits than checking all the work that is being done because it is growing so rapidly?  Is it still growing fast with the influx of people from other states.  It seems like this is the new Denver/Boulder area.  Is that a fair assessment? Cash grabs and dirty politics as usual?  I would love to visit there sometime in the next couple years, it looks beautiful and very relaxing.

I am stuffed in the suburbs in between NYC and Philly, apx 60 miles from both.  So there are many assholes that move her that want huge houses that are affordable, and good schools for their children, but they are typically the worst neighbors to have.  for some reason they are  and cheap as hell too.


Welcome to New Jersey.
Don't let your pet out at night, or Christie will eat it.
 
2013-07-13 01:39:27 AM  

Hugo Zorilla: JohnnyRebel88: Mikey1969: JohnnyRebel88: So in Utah they are loose on regulations and safety?  I am surprised to hear that for some reason.

Hey, NOBODY was as surprised as me.... ;-)

My buddy owned a chiropractic office there but moved back to LA because of his wife, he said it was beautiful and he loved it there.  Is it because the Salt Lake area is now booming and would they rather get paid for permits than checking all the work that is being done because it is growing so rapidly?  Is it still growing fast with the influx of people from other states.  It seems like this is the new Denver/Boulder area.  Is that a fair assessment? Cash grabs and dirty politics as usual?  I would love to visit there sometime in the next couple years, it looks beautiful and very relaxing.

I am stuffed in the suburbs in between NYC and Philly, apx 60 miles from both.  So there are many assholes that move her that want huge houses that are affordable, and good schools for their children, but they are typically the worst neighbors to have.  for some reason they are  and cheap as hell too.

Welcome to New Jersey.
Don't let your pet out at night, or Christie will eat it.


That was one of the funniest things I have heard in a while.  I am actually on the border, not on the Jersey side though.  However I am going to use that next time I have a chance.
 
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