Great Moments in Maine Real Estate: Harrington Edition

I couldn’t make up my mind whether to feature this house on So You Can’t Afford a House?, and/or Great Moments in Maine Real Estate, or keep it to myself. Because heaven help me, I actually considered buying it. But I laid down for a while with a cold compress or two on the palm of my hand and the urge passed.

It’s in Harrington, Maine. I’m sure you’ve never heard of it. It’s nearly as far Down East as you can get, a hamlet with less than 1,000 souls. It’s about halfway between Belfast and Eastport, which is where you either turn left, or end up in Snow Mexico after a short, brisk swim. At one time, Harrington had lots of industries like potato farming and sailmaking and shoemaking and shingle splitting and shipbuilding and various other manly arts, but now the only business of note around there is the company that weaves those Wreaths Across America decorations. Everybody else scratches out a living one way or t’other.

We visited Harrington a couple years back. We liked the little string of towns it’s surrounded by on the nether end of Route 1.  Ellsworth, Gouldsboro, Columbia Falls, Machiasport, and Lubec. The town squats next to the delightfully named Narraguagus Bay. It’s fun to say Narraguagus. Go on, say it. Narraguagus!

The house backs up to a river that runs out to the sea, with a boatyard next door, in case you need to get some serious seafaring cred. And if you look at the picture closely, you’ll note that there’s a brand new roof on the place. That’s exhibit A on why you could buy this house and live in it, if you  really wanted a house to live in. You keep saying you do, but I’m not sure I believe you. I keep showing them to you, but you don’t buy them.

Here’s where the new roof came in. The old roof must have leaked, and caused this and that problem. But there doesn’t seem to by any major structural damage from it. This house is from around 1930, so it has many typical Bungalow style details, like flared sidewall shingles, a curved front roofline, a big shed dormer, and patterned concrete block foundation, porch, and front facade. So being a textbook Bungalow style, this immediately prompts the realtor to call it a Cape, because realtors don’t go to architectural school, if they go to school at all after the fourth grade.

The house has been seriously neglected, which is wonderful. It’s easy and rewarding to deal with neglect. It’s when people watch teevee and get ideas from raccoon-eyed harridans and men who sit down to pee that houses get really get wrecked. You can restore this house. You can’t if everything has been painted gray and covered in plastic.

There are four bedrooms and two bathrooms arranged inside a 2,400 ft2 footprint. As you can see, the roof leaked before it was fixed. I’ll bet that wallpaper is original equipment in the house. All the woodwork in the house is intact, and probably is the original shellac/varnish combo, easily refreshed. Almost all the floors could be refinished. There is some form of forced hot air heat ducting visible in the walls and floors, so you wouldn’t have to tear the place to pieces to update the heating system, probably just the furnace.

There are two bathrooms. One of them is a screech. It looks like it was added or updated in the fifties, and is quite an eyeful:

If you’ve never experienced it, there’s nothing quite like plastic tile. It was only popular for about ten minutes in the fifties, but somehow I’ve managed to be asked to renovate every bathroom that ever used it. The red sink and toilet is just a bonus. And I don’t know much, but I know that a roll of toilet paper placed in that holder will have more water in it than the river out back after the first shower, But I quibble. I’m not certain, but I imagine that the rag stuffed in the drain pipe conveys with the property, so you won’t have to bring your own.

Among all the other rooms, it’s got this bitchin’ den, complete with a bump out, a fireplace, Pickwick pine paneling, an inlaid floor, wall sconces, and even a piano.

Since the house was built in the 1930s, it’s even possible that the electrical wiring is safe-ish, instead of old knob and tube stuff, although good luck plugging in anything that needs a ground plug. The house needs plenty of plaster work, of course. But it’s not all that hard to patch in drywall, or simply demo large areas of failing plaster and drywall over the whole thing. And if you don’t need the space, you can close off the upstairs rooms and not heat them in the winter, or work on them one by one as you renovate the whole place.

So they wanted $129,000 in March, and woke up and smelled the coffee in May and dropped it by $4,100, and then got religion in July and knocked it down to $99,000. You could play chicken with the realtor, and wait for them to panic again, but sooner or later someone will bite, and a house for under a hunny will disappear.

So I’d love to buy this house, and put it to rights, and skip the gray walls/grayfloors/gray counters/gray cabinets/gray vinyl siding extravaganza this place is going to get. I’d like to put it to rights, more or less like it was when it was built. But I won’t, because no one much cares about stuff like that anymore. An American house is abused to destruction because it’s either a simple shelter to watch teevee in, or turned into a bland, expensive, plastic wasteland. And while I’d like to save every damsel in distress I meet while out skirmishing, they all seem to have nose rings and purple hair these days, and I’m no monument to justice.

But there you go, you could do it: a house for under a hundred grand.  I’d bring a deck of cards with you. There’s generally ten months of winter in Maine, and two months of tough sledding.

So You Can’t Afford a House: Siete

Well, we’ve got a doozy for today’s version of So You Can’t Afford a House. This one’s in Millinocket, Maine. Take a peek:

There’s a 4-bed, 2.5-bath bungalow in there somewhere, behind the sumac and the aluminum siding. I’ll bet you it was a snug, pleasant little place 100 years ago when it was built. It used to have a pleasant porch, I’ll bet, before someone enclosed it to make one more room to watch television in. The jerkinhead roof is kinda neat design touch that was almost popular back then.

Let’s go inside:

These are the only two pictures of this, ahem, gem. So we’re not flying blind, exactly, but we are flying with coke-bottle glasses and a light bulb out. Let’s look at what little evidence is on offer. The exterior shot indicates the building is not currently on fire. That’s one for the plus column, there.

The interior information, while scant, is invaluable. There’s my favorite light fixture, the “landlord’s halo.” The pull chain assures you that you’re getting the real McCoy. The later reproductions have light switches. And this one is the coveted “double halo,” with two, hard to find fluorescent rings that buzz a bit and whisper, “rental property” forevermore. So far, so good. There’s a harvest gold range, in the Les Paul sunburst finish. Very nice. I can picture Carol Merrill standing next to it right now. Of course there are two reefers in there. Another good sign. One for food, the other for eight cases of Natty Ice, with a few sixpacks of White Claw on the door shelves. I don’t want to disappoint any potential buyers, but I have a sneaking suspicion that the walls are not actually covered with solid furniture-grade wood boards.  Just a hunch really. And the Congoleum might need a little more than some Mop & Glo.

There’s scant additional information about the property. It appears to have been turned into a duplex somewhere along the line. You could roll with that, or turn it back into a single family pretty readily, I’ll bet. I would, because finding two sets of people who want to live in Millinocket is a tough ask, as the realtors say. The joint has public water and sewer, so no problems hiding under the lawn to haunt you, but lord knows what you’d find in the basement.

So how much does it cost? Go ahead, guess. I’ll bet you miss. For fun, I plugged the number into LLM Chad and asked it to make a list of things that cost the same amount as this Millinocket marvel. The list was long and amusing, but one entry took the cake. I was so surprised by it, I asked Chad if he was fooling, and to break it down for me:

Yes, a top-tier gaming setup could easily cost around $12,000, depending on the level of customization, brand, and peripherals you choose. Here’s a breakdown of what a high-end, professional gaming setup might include at that price point:

Total Estimate Breakdown:

PC: $5,000 – $6,000

Monitor(s): $1,000 – $2,000

Chair: $500 – $1,000

Keyboard & Mouse: $300 – $500

Audio Gear: $800 – $1,500

VR Setup: $1,000 – $2,000

Streaming Gear: $1,000 – $1,500

Desk & Accessories: $500 – $1,000

Total: Around $12,000 (with some variation depending on brand, features, and customizations).

So I guess the cartoonish diss that you’d rather stay in your mother’s basement in your underwear in a gaming chair covered with Cheeto dust playing Half-Life, than live in your own house could become a real life meme, because this house is only $12,000.

What’s wrong with Millinocket? Well, how much time do you have? It was one of the many towns in Maine that relied on the local paper mill for sustenance, and the paper mill closed in 2008. The town has been hemorrhaging population pretty steadily since 1970, down to its current 4,104 souls. You can find out something about Millinocket by watching American Loggers on Discovery if you want to. I have somehow resisted the urge to do so. I even resisted the urge to have the urge.

If you’re a single guy who is willing to pawn his gaming setup and head off to Penobscot County, you’ll be glad to know the local environment is salubrious enough to produce a Miss Maine winner. Unfortunately, that was in 1966. She may still be around, although she may wear her hair differently nowadays, and be hard to spot.

There’s not much crime in Millinocket. The latest year I could find stats for, 2019, reported 0 murders, 0 rapes, 0 robberies, and 1 assault in the town during the year. People shoplift and break into houses occasionally, so I’d keep an eye on that range in the kitchen if you move there.

So there you go. A house for less than a used car. 18 Birch Street, Millinocket.

Good luck. We’re all counting on you.

So You Can’t Afford a House: Seis

We’ve already belabored this point, but here goes: Many people say they want to buy a home, but it’s too expensive. Many people say many things. The truth is usually something different. What they’re really saying is that they’re incredibly fussy about where they want to live, and how they want to live, and how elaborate and expensive the house they want should be. And no matter how elaborate and expensive it is, it’s gotta be cheap.

So I get it, I do. You’d like to live in a $149,000, newly constructed split level ranch on the beachfront in Maui, with a 1.5% seventy-year mortgage. You’ve decided to wait out the market to get it. I wish you well.

Relying on statistics about affordability are only going to get us so far if I’m going to talk you out of this mindset. You’re going to need some common sense. Since you want a $50,000 master bathroom with a giant plastic soaking tub placed in front of a wide expanse of plate glass windows, I guess I’ll have to supply the common sense. Here goes: The houses you want are not going to plunge in price. The market will bifurcate, same as it did fifteen years ago. Regular houses will continue to sell to regular people for regular (high) prices. Everything else will be plunged into the pay cash or else market of un-mortgageable houses. I’ve offered several examples of this phenomenon here already.

So if you really want a house, I can help you. Not fake want. Really want. I’ll show you another house you can buy for way under $100,000 that most anyone could afford and turn into a decent place to live. One that’s ultimately worth way more than you paid for it. Today’s example is in Readfield, Maine:

Readfield isn’t the sort of place that’s in the headlines every day. It’s out where the trolleys don’t run. That’s a good thing. It’s safe and quiet. And unlike most of the examples I’ve offered, people continue to want to live in Readfield, although few people currently do. There’s only 2,600 people in Readfield, but the population has been rising steadily, if slowly, every census from 1940 on. That’s more than most of Maine can claim. Large areas of Maine are becoming more or less abandoned. Readfield is not.

Readfield isn’t to-hell-and-gone Maine, either. It’s only about fifteen or twenty minutes drive from the state capital, Ogguster. You could make it to Lewiston/Auburn, the second-largest commercial area in the state, in about 40 minutes. You wouldn’t have to become a lumberjack or a potato farmer to live in Readfield, although I suppose you could. There are worse things to be. I live in Augusta, maybe twenty minutes away, and I don’t mind it here. Take that as a recommendation, or a warning, to taste.

Back to the house itself. It’s hard to tell right off, but the house is very old. Someone who hates me, themselves, and humanity has covered it inexpertly with vinyl siding, but there’s an 1810-vintage big-ol’ Cape Cod house inside that plastic carapace. I much prefer old houses over anything built after WW II. Even if you don’t, you could put up with this place. A Cape Cod house is a sensible design for New England.

As if to illustrate the point I’ve been making, the house was originally listed for $110,000. Less than a month later, they dropped the price to $85,000. It will grind ever lower until they unload it. It’s entered the bifurcated market I outlined above. Straight cash, homie, for the homey.

What can we tell just by looking at the exterior picture? It sits on a little ha-ha, so the drainage is probably pretty good. The roof is at least new-ish, if not brand new. There’s a roof jack still on display on the back roof, for instance. The roofline is straighter than I’d expect on a new spec house down the street. It’s a solid structure, at least for its age.

If you’re “from away,” as Mainers call everyone who’s from anywhere else, the ladder lying on the roof might be a mystery. It’s quite common in Maine. You see, no one in Maine has any idea how to season (dry) firewood. They all believe a million wive’s tales about how to handle firewood, and then they set themselves and their homes on fire trying to burn their unseasoned wood. They get so used to chimney fires from creosote buildup that they leave a ladder on the roof to climb up and try to smother it from the top down. It’s funny, this place has a chimney in good shape, and it looks like it’s lined properly, so the two woodburning stoves inside should be pretty safe. But in their heart, the last denizens knew that no matter what they told the other guys down at the VFW about their logpile, they knew they’d set the place on fire with dreary regularity.

The dormers are bit of a mess because the roofers had to strip off some siding to run the flashing up the sidewalls, and no one on earth knows how to fix vinyl siding, only how to install it. You could pull it all off and patch up the clapboards and paint the place. But that would make it more valuable and attractive. No one alive wants that anymore. They want to “update” it.

We’ve seen enough out here. What’s inside?

This is the most orderly area of the interior. The owner must have had what my wife and I call a “suddenly,” and everything, like golf, will have to be played as it lies. But I can tell things right off. The house is a literal dump, but it’s amazingly free of remuddling disasters. Those are wide-plank pumpkin pine floors, aching to be refinished. The original woodwork is there, and unencumbered with generations of bad paint jobs. Even the wallpaper isn’t painted over, making it a relative breeze to remove and start over. And there are beer mugs on the mantel to drink out of while you work. Er, I’d wash them a lot first.

Here’s the kitchen:

The average homeowner (female variety) has completely lost their mind over what a kitchen is. If you watch Better Homes than Yours on teevee, you’ll see what I mean. The kitchen is just a target rich environment for spending money like an oil sheik on acres of semi-plastic countertops and appliances that will never get much use. Look at this kitchen. Fix the ceiling, fix the floor, bring in three new, inexpensive appliances, replace the counters with new laminate (or granite if you can find a convenience store in Readfield to rob), clean the (solid knotty pine) cabinets and spray some fresh clear finish on them, and cook food in there.

I’m pretty sure the peanut oil conveys with the house. There’s more savings for you.

Here’s what looks like a public room downstairs. I also spy with my little eye a toilet in the far beyond, so there’s a working bathroom.

The whole house is filled with junk like this. There’s a fancy ductwork contraption in one of the upstairs dormers that might partially explain how you could be stoned enough to leave the house this way. Dude, did you pay the rent? I think we forgot to pay the rent. Dude?

To sum up, the house sits on almost two acres, but in one of the photos you can see a neighbor’s house, so it’s not out in the landscape enough to give off Clutter family vibes. If you dropped a 30-yard dumpster in the front yard and tossed everything but the peanut oil in it, the house wouldn’t look so bad inside or out. Taxes are a pittance. There’s a well and a septic system, which would require some checking, but then again, no water and sewer bill, either. You could commute to any number of semi-urban centers if you needed a job. You could, more or less, live in it while you fixed the place permanently. I’ve lived in worse. And right across town, they’re building $650,00 single family monstrosities by the dozen. If you really put this house to rights, instead of vinyl siding it some more and laying down vinyl flooring and painting everything gray, I bet the place would sell for half a mil eventually.

So what’s stopping you? You told me you want a house. You just have to roll up your sleeves. Readfield is right over there. It’s only a matter of going.

 

 

Great Moments In Maine Real Estate: The Real Estate Fandango

Can we say a word about the real estate agent fandango?

That’s my term for the interminable balderdash stemwinders that real estate agents vomit on their victims over every property, no matter how fair or foul the structure is. I’ve been subjected to it now and then in the flesh, and literally tens of thousands of times on real estate listings. It’s my considered opinion that the accuracy and the honesty demonstrated by real estate agents would make a used car salesman blush.

The reason I call it the fandango, is because while it’s often offered to the public in writing, the plan of all real estate agents is to get you trapped in their car, being squired (dragged all over the landscape) to a series of inappropriate structures that they think they can sell to you by waving their arms around and saying things like the following, from a listing for a house for sale in Perry, Maine:


It’s important to note that many real estate listing are written by chatbots. It’s possible that this one is at least partially written by Chad, as we call him. Um her. Er, it. Well, anyway, there are several telltale signs that this listing was written at least partially by a female human. First, there is mystery capitalization. “Its” in the middle of a sentence. A comma or a space has been elided between “roomideal.” “Plus a generously sized living room” is a sentence fragment. If I had a gun to my head, I’d say Chad wrote it, and then the agent decided to work her magic on it while cutting and pasting it into the listing.

Now if you’re unfamiliar with Maine (who isn’t? I live here and I am), I’ll fill you in on Perry. It is literally the ass end of nowhere. You can throw a rock in Perry and brain a Canadian if you’ve got a strong arm. It’s north of Lubec and Eastport, places I’ve visited during a Donner Party-worthy journey. Eastport is the easternmost city in the continental United States, if you can imagine that. You could swim to New Brunswick, Canada from Eastport. Well, you could if you were a very strong swimmer, and you wouldn’t die after four minutes in that water, which you would. I suppose someone in Chocolate Cove, N.B. could stamp your passport when they fished your body out. At any rate, calling Eastport a city is generous. The population is less than 1,300 people. The appellation of “city” is a vestige of days gone by. Eastport has lost population in every census since 1910, sometimes as much as 24% in a single decade. And Perry is less popular than Eastport, so do the math that the real estate agent won’t.

So in keeping with our suspicion that Chad is involved here, let’s ask Chat AI to produce images of the house in question simply from the description that is offered. Here’s the prompt I gave it:

Here is the description of a house for sale in Maine. Based on the description, can you produce an image that shows a generic picture of what is being described? The image should be photographic, and horizontally oriented:

Here’s how Chad pictures the exterior of a house in Maine that might fit that description:

So far, so good. That’s a five-bay Adam colonial with a console hood over the front door. You can find thousands of those in Maine. I kept going:

Can you make another one, based on the same description, that shows an interior view, of say, a kitchen and dining area?

Say, that’s pretty good. It’s got old sheet vinyl on the floor. There are built-in china closets, like an old house might have. The cabinets have 50s-70s-era hardware, and look like built in place plywood stuff that’s been painted over, very typical of a fixer-upper. The furniture looks like abandoned grandma stuff. We’re on a roll. Let’s press on!

Can you make me a third one, that shows a bedroom on the second floor?

Aw, man, you gotta love the boob light. Chad’s nailed that, and the six over six sashes, the backband trim, and the six-panel doors. Let’s tempt fate, and ask for another exterior shot:

The house has a single car garage, attached to the house by a shed addition on the back of the house. Using the description that began this chat as a guide, can you make a picture, using your impression of the state of the house?

Great stuff, Chad. You are rolling, brother. Peeling paint, lower on the sidewalls where rain splashes, end of useful life asphalt shingles on the roof, a modestly punky fascia, and a dirt driveway.

So now that we’ve got Chad in our corner, using the property’s description to guess what we’re in for, let’s look at the property itself. Ladies and germs, I give you Perry in the flesh:

Exterior:

Ah, asbestos shingles. Before vinyl siding there was aluminum siding. Before that, there was asbestos. It’s fairly harmless as siding, although it’s awful compared to the wood bevel siding it covers. Your house is an instant Superfund site if you ever want to remove it, or even cut a hole in it. And unlike the real estate fandango in the listing, no one has ever used the word “charming” within mortar-shot range of asbestos shingles.

Well, let’s be fair. Maybe the charm is on the inside, like a tubby girl your friend is trying to fix you up with. Let’s check out the kitchen:

Oh, this is definitely a “gem in the rough,” ain’t it. Very, very rough. Like, a lump of coal kinda rough compared to the gem of the description. Perhaps the charm is hiding in the next room. I know I would.

Well, there’s nothing more charming than that light fixture. We used to call that the landlord’s halo. It’s the only halo you’ll ever encounter hanging over a landlord’s head. But let’s be fair. Maybe if we go upstairs, the bedroom “off the bright and open hallway” will have some of that charm we’ve been promised:

Well, this bedroom is, ahem, commodius, but not in the usual sense. And by “bright and open,” I guess they mean open to the elements. But the “welcoming and functional design” is here in abundance. Even bodily functions are included over there in the corner.

The garage is our last hope. Let’s see:

Hmm. I wonder if this garage was originally designed as a trapezoid, instead of a rectangle. Hard to say.

Well, if you’re the real estate agent, and you’re reading this, I’d like to remind you that taking people to places under false pretenses and holding them against their will is considered kidnapping. It’s probably against the law even in Perry. In the unlikely event that they can afford a police department, you might even get into trouble. Other than that, start dancing.

So You Can’t Afford a House: Cinco

Well, just to prove that yesterday’s cheap house wasn’t a one-off, here’s another house for around the same price, and with a similar look out below pricing pedigree. Currently priced at (don’t blink) $64,900, it’s a 3-bed, 2-bath ramshackle wonder in Skowhegan, Maine.

The house is smaller than yesterday’s hovel, but it does have a garage/barn thing to its credit. The denizens have worked their usual plastic magic on the exterior, and put tiny windows here and there where the big Victorian sashes used to reside, but the place isn’t falling down or anything. They’ve also embraced the Welcome to Costco, I love you ethos, and tested themselves against the how many dogs do I need to hold my own against this many cats conundrum, but the place would be habitable if they disinhabited it.

Skowhegan is a less desirable exurb than yesterday’s Gardiner example, but just. It’s bigger, with 8,600 overweight Maine starvelings roaming its streets. It has a real downtown lined with more shops than empty storefronts. You could live in Skowhegan, and say you like it, and some people might believe you.

My kids had a lot to do with Skowhegan when they were younger. The town punches above its weight class for civic functions. Our boys performed at the Opera House, and for the River Fest, and at the Pickup Cafe, and at the Skowhegan School of Painting and Sculpture. There are plenty of nice people in Skowhegan. You could add or subtract from the total if you bought this house.

The house has also descended into the unmortgageable world, and it shows in the price history:

I can smell it on the breeze. Enter the downscale housing market now, or wait forever for first-rate stuff to plunge in price. Good luck with that.

So You Can’t Afford a House, Quatro Continued

[If you just tuned in, we’re continuing a diatribe from yesterday on why you could buy and live in a cheap house in Gardiner, Maine]

So what are we looking at here?

I can tell all sorts of things just by looking at the pictures. Someone who hates me, and themselves a bit, have disfigured this house with vinyl siding. Ho hum. If you really cared, you could yank it all off and find perfectly good wood siding underneath it. It would just need a coat of paint. In a way, vinyl siding is like suspended animation for the siding underneath it. The house itself is sorta like Ted Williams head. It’s frozen in there somewhere. Frozen from October to May, anyway. Whatever. It’s not important.

The rooflines are about as straight as any house built in 1870 has any right to be. Back then, houses were built with framing in odd sizes and spacings. They were plenty strong enough, but prone to creep. They’d deflect over time, and get deformed into permanent sags. I don’t notice anything structurally wrong enough to make give me the willies.

They’ve done the usual stupid things. The back porch was enclosed. It was probably once a nice spot to stand in out of the rain while you fumbled for your keys. Now it’s a plastic elevator car that doesn’t move. The big satellite dish is a distinguishing mark of the breed of people who rent these sorts of places.

There’s a little fascia damage. That’s because imbeciles put up a plastic rain gutter. This collects rain and snow, freezes hard in November, and causes ice dams to crawl up the roof. Luckily they were so flimsy that the spring thaw took the middle section out. Rainwater should be handled on the ground level in Maine. The back of this house looks like a later addition. It will be less interesting than the front, and harder to remodel.

But we’re getting ahead of ourselves. The house has a power line strung to it, and still has meters. It has town water, and town sewer. A couple of phone calls and you could conceivably live in it. People completely underestimate the value of these conditions. I’ve built new houses. You can’t believe what it takes to get a power pole, or get a septic system approved, or how chancy and expensive it is to drill a well, or pay to have a new structure added to the water service in the street. This house is time and money saved just sitting there.

Let’s look at a downstairs room:

Hmm. The floors are wide plank pine. There’s still some carpet pad stuck on them. Carpeting over floors is like vinyl siding. In a lot of cases, it shields the floor from you, not you from the floor. They’ve probably never been refinished and would look great.

The ceiling strapping is a tell. Horsehair plaster over wood lath loses its grip after decades of people bouncing on the floors above it. It starts to sag and crumble. People do silly things to avoid actually fixing the problem. The strapping was nailed up to make a grid to staple cardboard tiles over. That’s why it’s spaced on 1-foot intervals. I fixed the same problem in my last house: The lasagna of layers. I counsel you, if you attempt to pull down the strapping (called firring, or furring, in some places), you’ll pull down the whole ceiling. Those things were nailed hard back in the day. Just leave it and drywall right over the strapping.

You can run electricity in the gaps between the strapping, if you need to, or smash holes in the ceiling above to run stuff. You will have to. That light fixture’s backing screams knob and tube wiring to me. You’re going to want to run a lot of electricity in this place. Just plan on smashing it in and fixing the walls and ceilings. It’s not that hard.

Note the grating on the floor. There’s forced hot air run all over this house. Awesome. Even if the furnace is junk (it is), the ducts are in place already. I had to run all the ducts in my last house. Doubles the HVAC work.

Let’s look at another room:

Maybe oak, probably maple strip flooring in good condition. Refinishing floors is hard work, but ultimately not complicated. You can see plan B for dealing with the ceiling falling down: drop ceilings. You’d have to get adept at stripping off wallpaper after it’s painted over, putting up a drywall ceiling, punching in some electricity and patching up after, sanding floors, and painting some trim. All easy stuff that won’t cost a lot in the scheme of things. Simple effort is the cheapest part of home remodeling, and the scarcest in my experience.

There are bathrooms in the place already:

That’s a cast-iron tub you can’t afford to buy, but you can afford to clean, can’t you? There’s another one in another bathroom, too. There’s a plywood floor aching for tile. Rip out the tub surround and tile that while you’re at it. It’s not that hard. If I can do it, you can do it.

There’s no usable kitchen in the house, but there are two kitchen rooms. The place was a two-family at one time (two meters is a tell, too). This place will probably get wrecked (flipped) for a two-family. You could have one big house, or two crappy ones. You’d have to dump a lot more money into it as a two-family. The rules and headaches for having tenants are way bigger than fixing a place for yourself.

What good would a usable kitchen be, anyway? I see women on the shelter shows tearing out ten year old kitchens to “update” them. Get a stove and a fridge delivered and make the sink faucet work, and you’ll be in business on day 1. I did it, so can you. You can remodel the place at your leisure.

I’m getting too far into the weeds here. You could probably make an offer on this house below where it’s listed, and they’d jump. They’ll probably lower it again anyway. If you dumped a total of maybe $100,000 into the place, including the sales price, and put a lot of sweat into it, it would be worth triple what you paid for it. Crummy condo-houses as big as this joint are selling for $450,000 across town. And if you live in a house for at least two years while you fix it, there’s no capital gains tax on the money you get from selling it.

So, you want a house.  Gardiner is right over there. It’s only a matter of going.

 

So You Can’t Afford a House, Quatro

Everyone says they want to buy a house, but can’t. Then again, everyone says a lot of things.

What they really mean is they won’t. They’re demanding that they be allowed to purchase a very elaborate, large, new or newly re-minted, plastic palace in exactly the high-rent metropolitan area they prefer, and at a rock bottom price at that. Yes, we get it. You’d like to live in San Francisco and pay 1970s prices. Good luck waiting for that. You’ll get 1970s crime and squalor, and like it.

Things are changing somewhat, though. We’re entering familiar territory for yours truly. I warned people during the Great Recession that the real estate market would bifurcate. Regular houses would keep selling for regular money to regular buyers, if slowly. Oddball stuff would get gobbled up by real estate Legrees and disreputable flippers and would eventually be sold for regular money to regular buyers again. You’ll end up with nothing if you wait for prices on regular houses to implode.

Well, that all happened. It’s probably happening again now. Interest rates are considered high again. That is, if you weren’t alive in 1980 and don’t have a library card. Sales are down, and the market doesn’t totally consist of Shirk Brothers Realty telling you to write them a check for $5,000 before they change their mind and wait ten minutes to get offers 20% over list. You’re going to wait until a ranch house in Boston is $150,000 again, and then pounce, right?

Wrong. Here’s the National Association of Realtors telling you like it is:

The National Association of Realtors reported a sales price uptick of 2.9 percent nationally last month to $408,000, while sales eased 2.2 percent compared to March of 2024. Regionally, sales figures in the Northeast for March 2025 remained unchanged from March a year ago while the MSP jumped 7.7 percent to $468,000.

So waiting isn’t helping. What to do?

No worries. Staying out of hot real estate markets is the smart play, anyway. If you want a house, go to overlooked places and buy one for cheap, renovate it yourself, and live in it. And maybe sell it later, and move where you want to with your ill-gotten gains.

Here’s where the burgeoning bifurcation I mentioned will help you. There is always a market for houses that have dropped out of the mortgage world. You’ll find out what a structure is really worth when no bank will write a 30-year-fixed for it. The short, cash only answer is: Not Much. Fifteen years ago, repairable wrecks were everywhere in Maine. I bought one. Then the rest slowly disappeared down the flipper rathole. But I can smell it on the breeze again. Houses are appearing on the realty pages again that you could afford, and you could live in while you fixed them.

How about this one in Gardiner, Maine?

I live really close to Gardiner. It’s part of a pleasant strip of towns named the Augusta Micropolitan something or other. There’s about four or five towns in a row along the Kennebec river that sane people wouldn’t mind living in. Gardiner has a small population, maybe 6,000 souls. It punches above its weight class, though. There’s a real downtown lined with handsome brick buildings with twee shops and restaurants in ’em. There are major retailers of all kinds nearby. The state capital is a ten-minute drive. There is no crime in Gardiner to speak of, even by Maine standards, which is about the lowest in the nation.

It’s a 3-bed, 2-bath vinyl-sided mess, but it’s currently only $66,900. If you wait a few minutes, it will disappear, or be even lower. That’s what happens when a house isn’t mortgageable anymore. Let’s take a look at the Price History, a wonderful place to discover properties like this one:

Hmm. Bit of a gap there between 1870 and 2025. But six price drops since it was listed on March 25th? They can’t get rid of it, and they know it. In my (recent) experience, right around 100 grand is the cut-off point for regular mortgages. People will buy houses with borrowed money, but there are precious few who will buy it with money in their hand. The realtor took a shot at around 100 large, and gave up pretty quick. They’ll keep hacking at the number until somebody jumps. The house has to be sold, and it shows.

I’ve never been to this house, and I’m not interested in going. But I’ll offer my ill-considered but somehow dispositive opinions on why you could buy this place, and make a go of it, based on the info in the listing. So come back tomorrow. Wear sturdy footwear.

[To be continued]

So You Can’t Afford a House, Part the Third

We’ve featured sweat-equity palace opportunities in Madison and Sangerville, Maine recently. How about something a little smaller? More manageable. Maybe you’re just starting out, and your toolbox only has a few screwdrivers and your lunch in it. Don’t worry, you’ll get there. Why not buy this place In Byron, Maine, for a relative pittance, and bang on it until it’s livable, and your toolbox is full?

It’s just under 1,000 square feet of problems, so you won’t get overwhelmed. And, not to exaggerate or anything, but it’s kind of adorable. It’s got a jerkinhead roof! A curved, glassed-in porch! Exposed rafter ends!  Original equipment shingles on the sidewalls! Those sort of proto-toboggan shutters that were popular with houses built 75 years ago!

Sorry, I got infected with the realtor flu and started shotgunning exclamation points all over. But my point stands: It’s kinda peachy, ain’t it?

Well, look on the bright side. You’re not likely to get lost in there. It’s tighter than a landlord’s wallet, but it’s just short of livable.

Small might be good, because you’re going to have to heat it, and if you haven’t noticed, the United States gets winter once a year. Byron gets it plenty. You’ll need beaucoup heat. In the last picture, you can see a version of a Franklin Stove to heat the main part of the house. Believe me, there’s no thermostat on the wall you can turn to get anything out of that thing. But firewood is easy to come by in Byron, Maine. You spend all your time at the gym lifting weights. Why not lift some firewood instead, and save on the gym membership fee?

There’s a more traditional fireplace in the back, and some form of direct vent furnace on the wall somewhere. Probably burns propane, or maybe kerosene. As far as utilities go, Byron is out in the landscape, and many people go “upta camp” around there. Camp can require pooping outdoors in that vicinity, but this little house has a well and some kind of septic in place. And while the meter’s not currently on the place, it can have regular electrical service turned back on. Practically luxurious.

A cooking stove is currently MIA, but there’s room for one in the kitchen-y area. The house probably wouldn’t seem so small after you cleaned out some of the junk:

Sorry, I couldn’t resist.

There are a couple of bedrooms, and a sleeping loft area for your manservant.

Byron Maine isn’t overcrowded just yet. There are 103 residents as of 2020. It’s home to Coos Canyon, a picturesque and popular spot to go swimming in the summer and to shiver in the winter. If you keep wandering north, it’s not too far to Mooselookmeguntic Lake, and one of my favorite spots in western Maine, the Height of Land.

So it’s sixty grand. You could live in it right away, more or less, and fix it up. It’s not a dangerous place, unless you decide to fight with the bears over the trash you left outside. You could hike and hunt and fish and birdwatch and snowshoe and ski and snowmobile in Byron. What say you? Feeling Byronic?

So You Can’t Afford a House, Part Deux

Just a few years ago, it was pretty easy to find an old fixer-upper in Maine, priced at a pittance. A lot of it is gone now, swallowed up in the gray floor-gray walls-gray vinyl-siding maelstrom that has infected the flip this house world. But there’s still some out there. I showed you a shingle style palace for fifty grand last week. If you’re not in a Sangerville, Maine mood, I thought I’d show you that it wasn’t a one-off. How about this brown study, in Madison, Maine?

Madison isn’t as far-flung as Sangerville, so the cover charge is a little higher: $99,000. Madison has nearly 5,000 people in it, which makes it damn near a metropolis in Somerset County. At one time, the town was teeming with factories making things like horse carriages and window sashes and doors and coffins. Just about cradle to grave employment, there. The Kennebec River ambles through the center of town, and it served as the power company and the highway out of town. It helped make Madison into a lumbering town, which supplied the wood for all the factories. There was a paper mill in town, too, but it closed in 2016. I think it’s been re-purposed to make some sort of boondoggly eco-friendly something or other, but whatever they’re doing in there, it doesn’t smell like a paper mill any more when you drive by.

Back to the house. It’s got 4 bedrooms and 2 bathrooms. As far as wrecks go, it’s not all that wrecked.

It’s a Victorian, but a very late Victorian. They banged the last nail in this thing just before banging the last nail into Old Vickie’s coffin. It’s more or less a Queen Anne Cottage style. Asymmetrical, multiple rooflines, clipped corners, bays, wrap-around porches, and lots of things to collect spider webs. It rambles out towards the back and has a nifty attached barn, which is in good repair and neat as a pin inside. That’s quite unusual around here. In general, people in Maine put things into their barns, and leave them there to age for fifty years or so until they figure they can throw them away without feeling bad about it. At my last house, I watched out the window while the neighbors, who had sold their house, cleaned out the garage. Everything but a car came out. My wife and I amused ourselves identifying the vintage of the stuff as it emerged. Hey look, it’s Burt Reynolds’ bachelor pad crushed velvet orange sectional sofa! We were dumbfounded at last, though, when an entire airplane came out of there. Only curse words would do it justice. A f@#$%ing plane!

Back to business. This Madtown fixer is the best kind of neglected. You can fix a house that’s been neglected. It’s constant remuddling that wrecks everything, and eventually makes houses worthless. This house isn’t worthless:

Everything needs a little attention, but nothing is ruined. The dangling outlet hints that you’ll be fishing new wires in the walls eventually, but honestly, after you steam off the wallpaper, you can bash away at the plaster, put in what you need in the way of Romex and plumbing, and patch it back up easily enough.

Holy cow, this place is just short of a palace inside:

OK, maybe not a palace. But you could cock a snook at your friends when you invited them over for dinner. You know, after you spent 10,000 hours fixing the place. C’mon, it’s got pocket doors and wainscotting!

Right off, it’s got a workable kitchen and usable bathrooms. With only a little preliminary work, you could camp out in this house without too much discomfiture, and bang on it to your heart’s content, or your heart’s failure, whatever comes first.

Taxes, at $200 per month, won’t break you. And Madison, while not exactly Tribeca, isn’t completely nowheresville. It has a sorta downtown with modestly impressive brick buildings, with things like bad restaurants and dope stores. Madison isn’t too far from Skowhegan, either, which has a more or less lively, downscale downtown. You could live in Madison, and almost like it. What’s stopping you?

So You Can’t Afford a House, Eh?

So, everyone says they want a house, but they can’t afford one. Various explanations for this unaffordability are proffered. Interest rates are higher than they were for a short period a few years ago. That isn’t helping, although anyone who lived through the 1980s would snicker at you if you mentioned it. Wages haven’t kept up with inflation very well. But in general, what I hear, no matter what is being said about the topic, is that everyone thinks they should be able to live exactly where they prefer, and the houses should be cheap there. Uh-huh.

Good luck with that. I’d like to roll a different ball out onto the field. If you’re modestly intrepid, you can find a house for a relative pittance and live in it while you fix it. Then sell it, take the dough, and live where you want, or maybe do it more than once if you’re young and nimble. I’m living proof that it can be done. All you have to do is adjust your way of thinking about owning a home.

Everyone from realtors to talking heads on teevee refer to a home as “an investment.” It isn’t, at least in the way they’re blabbing about a roof over your head. A home is an expense. It may or may not be worth the money you spend on it, but it’s not an investment. For the most part, all the money you’ll gain if your house rises in value is just inflation rearing its actuarial head. Money is worth less, so the house eventually sells for more. You’re going to have to have an amazing nose for real estate to find a place where property goes from worthless to expensive without relying on inflation. You could have bought some bombed out property in many places in New York City back in the early 80s, and made a killing on it later. However, you’d also have to avoid someone making a killing on you in the interim, in a more direct way.

So, you’ll get no advice to buy rock-bottom real estate in murder capitals from me. But you can still find interesting and potentially valuable houses out in the sticks. And you can turn them into real investments, if you turn them into a part time job for yourself. I did it recently, and made a 900-percent profit on the deal. Tax-free, too, because as long as you live in it for at least two years before you sell it, you can make $250,000 before capital gains taxes kick in. Or $500,000, if you’re married, which I highly recommend. One of you can make peanut butter sandwiches while the other holds up the kitchen floor with a post jammed under the floor beams.

How about an example, Sippican? Sure thing.

Here’s a little number in Sangerville, Maine, that you can pick up for around $50,000:

Someone already thought they could make a killing with no effort on this place. They bought it four years ago for fifty grand, never touched it, and the town took it away from them this year because the house was unlocked and unattended, and they never paid their taxes on it.

It’s a 2,500 square foot, 5-bedroom, 2-bath Shingle Style wonder. Big old barn, too,

It needs some serious work, but so what? The more work it needs, the more money it will bring when you’re done. Unlike a lot of houses this age, the entire fabric of the place hasn’t been defaced with vinyl siding and gray plastic floors. Viz:

Sand the floor, replace the wallpaper, and put a fresh coat of clear on the wood work and you’ll be dining in style in no time.

The kitchen and baths won’t make it into Architectural Digest or anything, but so what? I’ve seen people ripping out ten-year old kitchens because they watched Better Homes Than Yours on teevee and noticed that everyone had quartz countertops instead of granite. Might as well plan on replacing everything in there. But I’ll bet those appliances still work. You can use them while you’re banging on the place.

Everyone is looking at this sort of project with the wrong idea. House flippers would love to wreck this place in their inimitable gray everything style, but the numbers won’t work. Not many people want to move to Sangerville, Maine from places where the trolleys run. It’s a tiny town in unfashionable Piscataquis County. You’ll have to be your own first customer. Buy it from yourself, as it were. When you’re done working on it, you can sell it to someone else in Sangerville whose house is still a mess, and doesn’t want to put in the work. Banks will lend them the money to give you a big return on your sweat and purple thumbs.

The smartest way to look at a house like this is to add up what it would cost to produce the same mess you see in the pictures. You’d have to find a 3/4 acre lot, then get town water and town sewer and electrical service to the place, and basically build a half-million dollar, partially completed structure to get the same value. Taxes? A hundred bucks a month. Crime? Well, there really isn’t any anywhere in Maine. If you’re willing to live in any city in the US, this place should hold no terrors for you.

There’s nothing to do in Sangerville. On Yelp!, the first two things to do and see are a farm stand, and sled dog excursions. The town’s only claim to fame is that the man who invented the machine gun once lived there. But then again, why would you need something to do in Sangerfield? Your house will be the biggest something to do in Sangerfield. If you need a hobby, you can stop trying to fix the wallpaper in the living room and fix the floor in this room for a change of pace:

So, you want a house.  Sangerville is over there. It’s only a matter of going.

Related: So You Can’t Afford a House, Part Deux

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