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Started By
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re: I’m a Home Builder, Wanna Take A Survey?
Posted on 5/23/22 at 7:53 pm to Chromdome35
Posted on 5/23/22 at 7:53 pm to Chromdome35
quote:
Making sure I understand what you are asking:
$2,200 at 25% of income would mean $8,800 a month in income or $105,600 annually, Pretax.
Are you saying the payment would be 25% of pre-tax income or post-tax income?
Post tax
1
Posted on 5/23/22 at 7:53 pm to BigPerm30
quote:
Not uncommon. I think that’s in line with most people who are fiscally responsible.
But apparently I should be living in a city like Houston paying double the mortgage for half the house twice the distance from downtown.
Posted on 5/23/22 at 7:53 pm to T4
quote:
I’ve raised pricing 40% in the last 2 years and it still leaves sub 5% profits
Biden's America
Posted on 5/23/22 at 7:54 pm to T4
If $2200 was 10% of my income I still wouldn't want to pay that much. I pay about 5% currently and feel like that's too much. I'm tight af (no homo)
Posted on 5/23/22 at 7:54 pm to Centinel
quote:
But apparently I should be living in a city like Houston paying double the mortgage for half the house twice the distance from downtown.
Well, no...
Posted on 5/23/22 at 7:55 pm to T4
How many holes Per year are you building? You should have some economy if scales.
Posted on 5/23/22 at 7:56 pm to RummelTiger
quote:
Well, no...
Not according to the posters in this thread shitting on Columbia and cities like it.
This post was edited on 5/23/22 at 7:56 pm
Posted on 5/23/22 at 7:56 pm to T4
What term and interest rate on the mortgage?
Posted on 5/23/22 at 7:57 pm to RummelTiger
quote:
Soooo...
What exactly are you looking to get here?
I mean, it can't just be to find out if some random people in different states can afford a specific price-point on a home.
My buyers have been overwhelmingly from out of state so I am trying to gauge my target market.
Posted on 5/23/22 at 7:59 pm to Centinel
I'm not really into Columbia or Houston
But obviously there are reasons why people in certain fields are tethered to cities of a certain size or the like. It's a sliding thing, I can't make what I make elsewhere, but I wouldn't "need" what we need elsewhere.
So at that point it's just personal preference, no?
But obviously there are reasons why people in certain fields are tethered to cities of a certain size or the like. It's a sliding thing, I can't make what I make elsewhere, but I wouldn't "need" what we need elsewhere.
So at that point it's just personal preference, no?
Posted on 5/23/22 at 8:00 pm to Tigerholic
quote:
How many holes Per year are you building? You should have some economy if scales.
I’ve got the economy of scale part taken care of
Posted on 5/23/22 at 8:03 pm to T4
quote:
My buyers have been overwhelmingly from out of state so I am trying to gauge my target market.
So, where are you looking?
Austin needs builders in a bad way.
Posted on 5/23/22 at 8:05 pm to T4
quote:
I’ve cut my margin by 5%-8% depending on the item to keep housing operations hovering at 5% profitability.
No way I would be cutting anything.
I'd be up front with customers and say if material prices increase by x amount, I have to go up. People won't like it, but they also won't pay your mortgage as well.
Maybe switch to cost plus.
I know quite a few builders around here have quit doing specs, only custom cost plus until this shite gets figured out.
Posted on 5/23/22 at 8:07 pm to T4
quote:
Can you afford to pay $2,200 per month for housing with 25% or less of your income?
Gross or take home income?
Posted on 5/23/22 at 8:07 pm to RummelTiger
quote:
Ours is 4,200 s/f, so we do pay a tad bit more on our mortgage.
This is for a family of?
Posted on 5/23/22 at 8:08 pm to OweO
quote:
This is for a family of?
3
Posted on 5/23/22 at 8:08 pm to RummelTiger
quote:
Ours is 4,200 s/f, so we do pay a tad bit more on our mortgage.
Under roof or living? Either...nice OT brag
Posted on 5/23/22 at 8:10 pm to RummelTiger
quote:
3
shite our 2500 Sq ft feels empty now with just 3 of us. We've talked about building our last house in 3 years or so and we decided about 1700-1800 Sq ft would be fine for empty nesters.
Posted on 5/23/22 at 8:12 pm to stout
quote:
Under roof or living?
Roof...3 car garage.
Posted on 5/23/22 at 8:13 pm to T4
.
This post was edited on 5/23/22 at 8:14 pm
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