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It is not a typo, it is a brand new home expanded on the original lot, and the new home details were not recorded yet. I have seen quite a few new homes recorded as such.
The flipper made out, the original house was 697 sq ft., a builder bought it for under 2M and built a 5000 sq. ft house and sold it to Craig Rivet for 4.8M. I guess he did take too many blows to the head. Incidentally, his contract with the Sharks is 4 year - 14 million.
DennisN - I have seen the term "mcMansion" being used without irony* lately.
*Irony is of course illegal in the US as per the latest Patriot Act and the US educational system....
DennisN
2007 Dec 29, 9:45am
Craig Rivet's piano recital gave rise to praise for Craig's Liszt, which mushroomed from Rivet's hammerklavier.
HeadSet Says:
Interesting use of the term “McMansion.†Wasn’t that term coined by somebody on this blog?
I doubt it - I first heard the term McMansion with reference to houses built somewhere in Texas, by Dell employees who had stock-options money to burn. This was way back in the mid- to late-nineties.
I think I may have seen it first on Kuntsler's site, but may have seen it on www.urbansurvival.com or one of the other "Depression's coming" sites.
It's been around several years. It's becoming a standard term rather than a derisive term now.
I can just see some moron bragging about his McMansion, with the obligatory columns in front of course!
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Should there be a national math test required for those who want to borrow money?
Apparently, millions of people cannot multiply an amount of money by a percentage interest rate to get a yearly interest payment. They are probably even further removed from understanding that they also have to pay back the principal over the life of the loan.
A simple one-page arithmetic test would do wonders in cutting down claims of exploitation by lenders.
The next step would be a vocabulary test, starting the the words "fixed" and "adjustable"...
Patrick