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Message
re: OT Homebuilders-Spec Home Markup
Posted on 3/31/15 at 1:41 pm to monroe71201
Posted on 3/31/15 at 1:41 pm to monroe71201
quote:
So $150 materials and labor seems high.
There's way more to it than that when building specs. There are permits, closing cost, realtor fees (buying the lot and selling the home), cost of money like interest and loan fees, workers comp, GL, etc.
There's also the risk of building specs and the market tanking then you're hung out to dry. Been there, done that about 8 years ago.
You people make it entirely too cut and dry.
This post was edited on 3/31/15 at 4:10 pm
0
Posted on 3/31/15 at 1:53 pm to Beaux
quote:
They are building new construction homes in Pelican Point Golf Community including lot for about an average of $140 a sq. ft. some higher some lower. But just remeber looking at a home at just price per sq. ft. is a bit deceptive too, you need to know what amenities & exras they are putting into the home.
We are selling our specs in asecension parish for $150ish per sqft. Just signed a purchase agreement on one at $153 sqft.
Posted on 3/31/15 at 3:10 pm to 4LSU2
Because artificially low interest rates subsidize builders as much, if not more, than buyers. Raise the interest rates and housing prices will fall (or the rate of price increase will drop). Higher rates also give people a place to save, risk free, with at least some return.
Subsidies are not capitalist and are decidedly anti-free market. They skew markets far worse than a food stamp ever will.
Subsidies are not capitalist and are decidedly anti-free market. They skew markets far worse than a food stamp ever will.
Posted on 3/31/15 at 3:18 pm to VetteGuy
quote:
These threads make me tired.
Comparing sq/ft cost is an absolute waste of time unless you know all the variables.
These threads make me laugh. Other than a select few posters who know what they are talking about, most of the spewed vomit in these threads are quite funny. Asking how much a house cost is like asking how much a car will cost. Mercedes and Hyundai are both cars with ac and leather seats. But the price range is far from comparable. Way to many variable in a house to remotely ask whats normal or average.
Posted on 3/31/15 at 3:27 pm to Birdie225
Well, theres more money in a kitchen or a bathroom than the rest of the house I would think.
Posted on 3/31/15 at 4:16 pm to 4WHLN
quote:
These threads make me laugh. Other than a select few posters who know what they are talking about, most of the spewed vomit in these threads are quite funny.
Asking how much a house cost is like asking how much a car will cost. Mercedes and Hyundai are both cars with ac and leather seats. But the price range is far from comparable. Way to many variable in a house to remotely ask whats normal or average.
Spot on
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