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re: Crazy construction materials news I learned today
Posted on 3/2/21 at 8:12 am to SlidellCajun
Posted on 3/2/21 at 8:12 am to SlidellCajun
quote:
I’m thinking that prices are becoming unsustainable.
I’ve been thinking this for 18 months now and I’ve been wrong for 18 months. I own a few vacation rental properties in NW Florida. One of the properties we purchased in 2018 for 592k. Last week, a new construction 3 lots down sold for 1.2mm. Same square foot as mine and cheaper finishes. It’s absolutely insane and I still don’t see how it maintains for much longer.
1
Posted on 3/2/21 at 9:19 am to SippyCup
quote:
One of the properties we purchased in 2018 for 592k. Last week, a new construction 3 lots down sold for 1.2mm. Same square foot as mine and cheaper finishes.
Id throw that rental up for sale for like 1.5mm. If it sells it sells. Lol.
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