Okay, stick with me on this…
Several hundred thousand years ago, humans began to understand the necessity to move into caves to protect themselves from the outside elements, and the not so friendly animals that would sometimes seek us out as their next meal. As we evolved, so did our ability develop and utilize tools to help facilitate our lifestyle, contributing to better hunting, television reception and the production of homes.
Okay, maybe television reception was not on the list by that time, but we did gain the ability to build dwellings outside the caves that would offer us protection from those man-eating lizards and whatever else existed at that time to dine on the human buffet.
Times have changed a bit since then. Urban sprawl and master planned sub-urban development is a natural occurrence in and outside any metropolitan area. We make a living, or an attempt at a living these days, on the purchase and sale of homes, land, commercial space, etc. And while small bugs have become the typical food of choice these days for those pesky lizards, there are actually some cultures that consume lizards as their food of choice…thereby leveling the score between the human/lizard relationship.
Ironically, as much as we have progressed, there are some of us that continue to live in the past, as is the case with Curt and Deborah Sleeper, of
According to Mr. Sleeper, the original intent was to build a home utilizing the cave as a play area for their kids (they have three). What transpired, however, was the brilliant idea to build the actual home within the cave, incorporating many of the cave-like features into their home (minus the bats and other creatures that typically live in caves and would not find playing with kids to be very amusing).
Like many people that purchased their homes, or caves, during the up-market days, the Sleepers intended to re-finance their loan with the equity from the new home that they built. Unfortunately, however, the market slid causing a chain reaction in many of the housing sectors, including the credit markets. Today, with nearly $150,000 in construction debt from the build-out, plus the original loan on the property still owed, the Sleepers are finding that living in a cave to escape what may be coming after you is not as easy as it used to be.
Unfortunately, the solution is not very easy. Many people, cave or not, have been caught by the market and are looking to figure a way out. Such is the case with the ‘spaceship’ house, located in
Shaped to resemble a flying saucer of sorts, this 2,000 square foot house recently went to auction and sold for $119,000…not even close to the $250,000 price tag the owner originally paid to have it built. I’m sure it didn’t take the buyer a shot from a tazer to be stunned at the final sales price either. Unfortunately for the seller, the down market played heavily into the reduced sales price…as did the rising costs of spaceship fuel.
So no matter where you are or what the shape your house is in…both literally and figuratively speaking of course, the current state of the housing market affects us all. It would be too easy to have Scotty ‘beam us up’ or to go live in a cave until this is all over…but we have seen where that gets us, right? So it’s probably best to stay firmly planted on terra firma while accepting the realities of the market before us and doing our very best to ensure we are doing the best for our clients.