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re: With housing costs exploding...what is next trend in homebuilding?

Posted on 10/31/21 at 10:01 am to
Posted by Dawgfanman
Member since Jun 2015
22858 posts
Posted on 10/31/21 at 10:01 am to
quote:

You'll always have an asset that rides the waves and you'll always have a place to lay your head at night.


Unless you can’t pay your property taxes, which they control.
Posted by Arbengal
Louisiana
Member since Sep 2008
3030 posts
Posted on 10/31/21 at 10:03 am to
Imagine trying to keep up with maintenance on tens of thousands of homes. Black Rock will most likely rue the day they got into this level of renting homes. As a professional in the real estate field, I can assure you the damage a renter can do to a home far exceeds several years of rental income. The cost of repairs and forced evictions on a mass scale will temper their ownership enthusiasm.
Posted by BamaCoaster
God's Gulf
Member since Apr 2016
5346 posts
Posted on 10/31/21 at 10:06 am to
quote:

They are going raise them end of the year


Zero percent chance.
Zero.
Posted by fjlee90
Baton Rouge
Member since Nov 2016
7867 posts
Posted on 10/31/21 at 10:06 am to
quote:

This will never, ever, ever happen.
Fed will never raise rates again.



It happens next year. They have no choice. Jerome Powell will do it before his term expires.
Posted by ApexTiger
cary nc
Member since Oct 2003
53821 posts
Posted on 10/31/21 at 10:07 am to
quote:

What were home values when rates were 10%


My folks home in Spring Texas was 2500 two story, detached garage

they paid 102k in 1980...not sure what the rate was in 1980

In the mid 1980's rates went to 13%

My folks lived in that house for 31 years, sold it for 165k 10 years ago

didn't appreciate much IMHO.

I bet that same house is north of 300k

I was under contract to build a house earlier this year, the lumber package was 92k (up from 55k 5 months prior)....that's just the lumber for a 3100 sq.ft build

100 grand doesn't go far in today's world
This post was edited on 10/31/21 at 10:08 am
Posted by LSUwag
Florida man
Member since Jan 2007
17321 posts
Posted on 10/31/21 at 10:07 am to
A couple here seem to think that the Fed will raise rates to curb inflation.

Oh no they won’t. At least not until Trump wins in 2024.

The Fed is a political operative and they are going to allow inflation to drive up the price of everything so wages will also inflate. That way they can brag that they raised wages so those unskilled workers at McDonalds can make a ‘living wage’.

I fully expect housing to continue to increase dramatically until 2024. Then they raise rates and it all comes crashing down.
Posted by fjlee90
Baton Rouge
Member since Nov 2016
7867 posts
Posted on 10/31/21 at 10:08 am to
quote:

100 grand doesn't go far in today's world


Not when your economic policies encourage scarcity.
Posted by LSUwag
Florida man
Member since Jan 2007
17321 posts
Posted on 10/31/21 at 10:09 am to
It will be the following for the foreseeable future:

Tiny homes

Apartments

Mobile homes

Multi family units

Rv’s
Posted by ApexTiger
cary nc
Member since Oct 2003
53821 posts
Posted on 10/31/21 at 10:09 am to
quote:

Move away from cities that are overpriced and into smaller ones with better value and quality of life.

Sioux Falls, Boise, etc.


Anything available with temps above zero?

Posted by Bass Tiger
Member since Oct 2014
46703 posts
Posted on 10/31/21 at 10:10 am to
quote:

With money being ruined by Brandon the 500k in your 401k might only be worth 75k in buying power.. Who knows where it's going?



This is the most insidious component of the “Great Reset”…..destroy the wealth of prudent savers/responsible Americans through surging inflation.
Posted by fjlee90
Baton Rouge
Member since Nov 2016
7867 posts
Posted on 10/31/21 at 10:15 am to
quote:

The Fed is a political operative and they are going to allow inflation to drive up the price of everything so wages will also inflate. That way they can brag that they raised wages so those unskilled workers at McDonalds can make a ‘living wage’.


I think that’s exactly why they will raise rates. The average American is feeling the effects of shitty Joe Biden economic policies. If they do nothing to curb inflation, there will be a revolt at the polls.
Posted by CAD703X
Liberty Island
Member since Jul 2008
78786 posts
Posted on 10/31/21 at 10:17 am to
quote:

Unless you can’t pay your property taxes, which they control.
yep that's definitely the soft spot.
Posted by ultratiger89
Houston, Tx
Member since Aug 2007
3054 posts
Posted on 10/31/21 at 10:20 am to
quote:

Anything available with temps above zero?


No shite. frick that living in the north
Posted by El Segundo Guy
SE OK
Member since Aug 2014
9692 posts
Posted on 10/31/21 at 10:23 am to
There are a handful of RV parks coming in and I see people living in them full time more often.

If I wanted to work again, I'd become a certified mobile RV mechanic. They are very busy and will only get busier.
Posted by LSUwag
Florida man
Member since Jan 2007
17321 posts
Posted on 10/31/21 at 10:24 am to
quote:

The average American is feeling the effects of shitty Joe Biden economic policies. If they do nothing to curb inflation, there will be a revolt at the polls.


Did you pay attention to the last election?

Elections are rigged, my friend. Biting is only an exercise to make us think we have any say in who they select.

Pay close attention to Virginia on Tuesday if you don’t believe me.
Posted by Zach
Gizmonic Institute
Member since May 2005
112793 posts
Posted on 10/31/21 at 10:25 am to
quote:

Larger homes so more family members can live under one roof?


This was big 100 years ago. You can still see large homes built around 1920. They were designed for elderly parents, husband/wife, and young children.
That fell out of favor as younger generations moved away and the parents didn't like grandma hanging around giving unwanted advice.

One new trend is a small adjacent house for grandparents. That increases privacy and a sense of self sufficiency. There are several in my neighborhood. But it requires a bigger lot.
Posted by UCF_BLUEBLOODS
Member since Feb 2021
61 posts
Posted on 10/31/21 at 10:27 am to
I looking for 40 or so acres in northeast Alabama.I think I will just put a well built mobile home on it.
Posted by CAD703X
Liberty Island
Member since Jul 2008
78786 posts
Posted on 10/31/21 at 10:29 am to
Here in Nashville the ballers are buying large plots of land and building multiple residences on it for extended family, etc.


Seems to be a trend. I have at least 2 friends who have done this.

Definitely has a similar feel to people who got freaked out after 911 and went full doomsday prep.
Posted by fwtex
Member since Nov 2019
2038 posts
Posted on 10/31/21 at 10:29 am to
There is so much wrong with the mass corporate ownership of single family housing. As usual congress is asleep at the wheel or they are taking their ques from the big corporate money takeover of single family housing.

Look down the road at the affects of corporate ownership of single family housing. Corporate activism for political causes is real so what happens when the political class uses the corporate owned landlords to force their will that could not pass through the voters.

How about 1) No guns and ammunition written into the lease. 2) no terrorist actions by any resident - interesting that now exercising your first amendment right to speak at a school board meeting could be a terroristic act. 3) How about no flying a flag. 4) How about no combustible cars or lawn equipment. Think of this as an HOA on steroids! Yea, and now look at who controls the HOA's in these communities that are majority corporate owned. The Corporations would take control of the HOA and in doing so they could raise the HOA fees to force non corporate owners out OR charge high fees that they could then pass on to the renters.

There is so much abuse that is possible with mass corporate owned single family housing.

A simple law that would restrict public traded companies from owning single family housing would solve this immediately. Banks are prohibited from owning property for a good reason and investment firms should fall right in line with the banking laws.

Posted by Figgy
CenCal
Member since May 2020
7325 posts
Posted on 10/31/21 at 10:30 am to
quote:

- reduced housing size like in the EU
quote:

Apartments moved into subdivisions


I can say with absolute certainty that this is happening here in California. This is being done for reasons of “sustainability” courtesy of the state government. These homes have no front, back or side yards worth mentioning and your single car garage starts at the curbside. Also, apartments are popping up all over the place. Two bedroom apartments around Fresno are going for $1,500 and three bedrooms are in excess of $2,000. It’s insane but it’s California so maybe it’s just normal for here.

I don’t understand it whatsoever. I want space, and a couple acres would be great.
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