Part 7: Saying goodbye to the wetland

By | July 31, 2022

This is Part 7 in this series. See the full series here.

Ah, our beloved Long Beach wetland. Five remote(ish) acres on Mill Lane, where if you stand very still you can hear nothing but the birds and the distant waves of the Pacific Ocean.

We were looking so forward to making this our home, but our plans changed: We sold the lot last month.

Why?

First, building costs went sky high. The impact that Covid has had on the economy is felt all over. The cost of wood quadrupled, and other necessary ingredients for building a home—drywall, windows, and more—became more expensive, difficult to get, or both. Eventually our builder let us know that the quote for building our home went up by 7%, and there was no guarantee that it wouldn’t continue to rise in the many more months we would have had to wait before we could sign the contract and start the build.

Next, the housing market went into a bubble. It’s nice to look at the current estimated value of our home and fantasize about spending that on our new place… but prices can’t climb forever. The common belief now is that we’re officially in a bubble. Because we wanted to avoid renting, our plan was stay in our current home until the new house was ready to move into. But what would happen if we signed the contract for an expensive build, then the housing bubble bursts and the value of our home tumbled?

Our plans with this move were made so that when all the dust of the build and the move cleared, that we would be living mortgage-free. But now the risk became too high that we’d end up with a much higher mortgage than we have now.

So, no. We can’t do that. It was a sad decision, but the right one to make: we contacted the Realtor who sold us the lot and asked him to list it. It took only about a week to sell and we were able to recoup our expenses, so all is well… but it’s still a bit sad.

Here are a few parting pics…

Every time we hiked the lot, we’d find golf balls… probably from a neighbor practicing their long drive. Below is the pile we harvesting during a hike there on just one day.

Last week my friends Jen and Lisa and I headed to the coast for a quick visit, and we spent a short bit of that on Mill Lane. It was a very bittersweet visit. A final goodbye.

2 thoughts on “Part 7: Saying goodbye to the wetland

  1. Jen

    So glad we got to see this beautiful property in person and to be there with you on your last visit. It is truly a magical place!

    Though it’s sad that the stars didn’t align for your home build, it’s a relief that you were able to pivot your plans when you did!

    Reply
  2. Lisa

    What a wild journey this has been for you and Dave (and Tim and Noah and Pat and…). Seeing the lot confirmed for me that you have an amazing eye for the beauty and potential in such places. It will be wonderful to celebrate with you two when you locate the next remarkable spot where you can land and thrive.

    Reply

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