Am I wrong for wanting my Tahoe Airbnb to burn down?

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2 years ago 09/01/2021 10:53am EDT

re: codaayyee

codaayyee wrote:
The land is the real value. Replacement cost on the actual structure is prob 300-400k.
Land can't really "burn" down...

Basic construction prices right now start at around $650-750 per square foot to build in Tahoe and Bay Area .

$300-400k is not possible, even with the cheapest Home Depot finishes. I promise you that. A 625 sq ft affordable housing ADU I did some pro bono work for recently was $300k and the GC basically gave away profits. A 1,000 sq ft house in Tahoe will probably be closer to $1 mil than $500k….

And good luck finding a general contractor, especially if there are fires that require insurance claims. See Sonoma County GC backlog from a few years ago.

You’d be better off having it not burn and waiting a few years for the real estate/rental market to pick back up after people forget about fires.

-an architect in the area.

2 years ago 09/01/2021 11:04am EDT

re: not on the list but

not on the list but wrote:
Basic construction prices right now start at around $650-750 per square foot to build in Tahoe and Bay Area .
$300-400k is not possible, even with the cheapest Home Depot finishes. I promise you that. A 625 sq ft affordable housing ADU I did some pro bono work for recently was $300k and the GC basically gave away profits. A 1,000 sq ft house in Tahoe will probably be closer to $1 mil than $500k….
And good luck finding a general contractor, especially if there are fires that require insurance claims. See Sonoma County GC backlog from a few years ago.
You’d be better off having it not burn and waiting a few years for the real estate/rental market to pick back up after people forget about fires.
-an architect in the area.

Thanks, that was a helpful reply.

Not that I want to build on Lake Tahoe anytime soon.

2 years ago 09/01/2021 2:08pm EDT

re: not on the list but

not on the list but wrote:
Basic construction prices right now start at around $650-750 per square foot to build in Tahoe and Bay Area .
$300-400k is not possible, even with the cheapest Home Depot finishes. I promise you that. A 625 sq ft affordable housing ADU I did some pro bono work for recently was $300k and the GC basically gave away profits. A 1,000 sq ft house in Tahoe will probably be closer to $1 mil than $500k….

Curious to your thoughts on why construction prices are so high

2 years ago 09/01/2021 7:45pm EDT

re: Nonsense!

Looking to rent it during the summer? I'd be down for an extended stay to get some altitude training in

2 years ago 09/01/2021 10:00pm EDT

re: Precious Roy

Precious Roy wrote:
Your real problem is that the Airbnb market for high end rentals really isn't that great. Supply is pretty high due to speculation and demand is low because there just aren't that many people out there who can afford a few grand a night to rent a house in a resort town.

Supply just got a lot lower in the past few days.

2 years ago 09/05/2021 9:03pm EDT

re: Nonsense!

Nonsense! wrote:
I do realize that if it burns down, that means other people's houses will burn as well, but that's the risk we all take, right? Because of COVID and the drought, it's been dismal the last few years. What used to be a cash cow has turned into a nightmare. Ski season starts later every year due to lack of snow and COVID kept everyone away even when there was some. It's a great property and worth 1.8 million, but selling it is impossible because of the hurdles I mentioned. It burning down would be a blessing and I gotta admit, I'm rooting for the fire on this one.
Forgive me.

The old problem self v others. Understandable. But imo not forgivable. I'm guilty in a way, too, of self-interest in this scenario, but sort of flipped over: my former cabin in Myers-forest- service cabin in Christmas Valley--about 100 yds from the local Fire Station--is about to be consumed and I'm relieved that I just recently sold it. (You don't own the land on Forest Service cabin just the cabin.) That was my first reaction. Then I felt bad for my old neighbors.

Probably normal. But I'm not proud of it.

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