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re: Crazy construction materials news I learned today
Posted on 3/1/21 at 10:42 pm to Phil
Posted on 3/1/21 at 10:42 pm to Phil
quote:Ha unfortunately I work for one of those trades which means they're always coming to us to VE shite. Luckily people in Texas have money.
t’s killing us across the board as it trickles down to other trades.
This post was edited on 3/1/21 at 10:43 pm
0
Posted on 3/1/21 at 10:43 pm to Eli Goldfinger
quote:
Lots of talk around coming up with alternative materials.
As shitty as my previous home's construction was, I was convinced it was built with popsicle sticks.
Posted on 3/1/21 at 10:44 pm to Eli Goldfinger
quote:
Save up now and spend big 6 months after the looming crash
Working on it. With 10-15% to put down, I hope to have a few options.
Posted on 3/1/21 at 10:45 pm to J Murdah
quote:
We're getting hit with about a 10% increase on hollow metal. Wood/lumber goes up every month
I finished out a room with T&G (bought most material 2 years ago) and just paid $1/ft for 1/4” furring strips.
Posted on 3/1/21 at 10:45 pm to Eli Goldfinger
Where’d you see/hear that?
Posted on 3/1/21 at 10:46 pm to Eli Goldfinger
Just quoted a project where I had to hold price for 720 days, so we had to figure out escalation for essentially 2 years
Posted on 3/1/21 at 10:47 pm to supadave3
quote:
Working on it. With 10-15% to put down, I hope to have a few options.
Honestly...DO NOT buy now.
Hold your money and buy after the next crash.
It’s coming.
Besides, owning a home is a PITA.
Posted on 3/1/21 at 10:47 pm to supadave3
quote:
That’s probably not going to line up well with my 3 year plan to own a house around that time.
You’re telling me. We’ve been wanting to build in the next 2-3 years. :(
The folks we’d like to use do have a house or two on the market they built to sell, so hope they stay within a price range we want.
This post was edited on 3/1/21 at 10:49 pm
Posted on 3/1/21 at 10:48 pm to TigerSaint1
Read the posts
Posted on 3/1/21 at 10:51 pm to LouisianaLady
I am looking forward to getting into being a landlord in the next few years
Posted on 3/1/21 at 10:51 pm to J Murdah
quote:
we had to figure out escalation for essentially 2 years
How’d it look?
Posted on 3/1/21 at 10:52 pm to J Murdah
We will rent out our home once we leave it, but I’m very much not into dealing with that.
Posted on 3/1/21 at 10:53 pm to Eli Goldfinger
quote:True, but you recoup that money owning. So rent and throw away away $14k a yr or buy a home and recoup that "rent" money at retirement...
Honestly...DO NOT buy now.
Hold your money and buy after the next crash.
It’s coming.
Besides, owning a home is a PITA.
Posted on 3/1/21 at 10:54 pm to Eli Goldfinger
roughly 24% on 3/4 of a million dollar project
Posted on 3/1/21 at 10:54 pm to Eli Goldfinger
quote:
Honestly...DO NOT buy now.
Hold your money and buy after the next crash.
It’s coming.
Besides, owning a home is a PITA.
It would dumb for me to buy now and I’m definitely not. I need to find the area of the city my next career move is going to be and then I’ll have an idea of general are and price range.
No way I buy within the next 2 years, I’ll start evaluating situation then.
This post was edited on 3/1/21 at 10:55 pm
Posted on 3/1/21 at 10:55 pm to wizard1183
quote:
True, but you recoup that money owning. So rent and throw away away $14k a yr or buy a home and recoup that "rent" money at retirement..
How much do you think interest & escrow (and mortgage insurance) is going to eat up if you only put 10% down?
C’mon man.
Scenario 1
$20K down on a $200K house @30 years.
~$1,200/mo payment.
For the first 10 years, you will lose $800/mo on escrow & interest.
House updates, maintenance & repairs will probably avg $250/mo
Scenario 2
Rent a similar house for $1000 until market cools off.
No escrow, interest, maintenance or repairs.
The idea of “throwing your money away on rent” doesn’t seem to be appropriately applied to interest, escrow, maintenance, etc.
The real $ play in home ownership is appreciation - not principle payments - but you gotta buy low and sell high.
This post was edited on 3/1/21 at 11:04 pm
Posted on 3/1/21 at 11:09 pm to Eli Goldfinger
How much for a bundle of 2x4x96 pine??
Posted on 3/1/21 at 11:10 pm to TheArrogantCorndog
(Whatever it was per linear foot last year) X 2.15.
This post was edited on 3/1/21 at 11:13 pm
Posted on 3/1/21 at 11:21 pm to Eli Goldfinger
quote:
and buy after the next crash.
It’s coming.
is this the 10th year in a row that a housing crash is coming?
Posted on 3/1/21 at 11:24 pm to rocket31
quote:
is this the 10th year in a row that a housing crash is coming?
How much do you think the average buyer can afford?
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