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re: Cost to buy = $2,700/month. Cost to rent = $1,850/month

Posted on 5/26/23 at 7:52 am to
Posted by Indfanfromcol
LSU
Member since Jan 2011
14895 posts
Posted on 5/26/23 at 7:52 am to
quote:

So are we. You obviously haven’t seen what Builders in Tuscaloosa are making. I do see it because I’m a realtor selling them making six figures (already…again) by June and I’m nowhere near the top.


Orlando, which isn’t a large city, has multiple multi BILLION dollar projects going on. (When has Tuscaloosa even had any project go over a billion?)That’s bigger GCs/GRs for contractors, allowing them to pay to dollar for top talent. The state of Florida this year is probably cranking out more construction per dollar wise than Alabama has in the past 5 years. Much more opportunities. And being estimator/cost control, I fight labor rates. We pay for services that allow us to see average salaries throughout the country for all trades as we have had to find subcontractors throughout the entire country (and internationally). Tuscaloosa salaries aren’t coming close to Orlando, which Orlando isn’t even as much as Tampa or Miami. Hell, Memphis looks like it has higher pay than Tuscaloosa.

Portland has more opportunity than Tuscaloosa and higher wages. You can deny it all you want, but it’s the truth. Does it for my industry? No. Florida is booming in construction right now. But unfortunately, those higher wages are not only to attract top talent, but also to cover the COL in the area. Surely you don’t think if people could earn the same in somewhere like Florida or California but live in some small town with low COL, people wouldn’t jump on that. Don’t be dense.
This post was edited on 5/26/23 at 7:58 am
Posted by llfshoals
Member since Nov 2010
20476 posts
Posted on 5/26/23 at 4:41 pm to
quote:

Orlando, which isn’t a large city, has multiple multi BILLION dollar projects going on. (When has Tuscaloosa even had any project go over a billion?)
Ever hear of Mercedes?

Only morons (like you) try to compare Orlando with well….anywhere. It’s a unicorn. If you actually bothered to read (which you didn’t) I said the entire state of Florida is doing well because they’re doing things right. So if you’re not better at details than that little bit of reading comprehension I pity your clients.

If Portland is better why is their unemployment higher, COL higher, they’re shedding population AND industry at a pretty incredible rate?

We’re adding industry and population. We don’t have the homeless problem, the purely insane government policy or the rampant crime.

You need to pay attention to reality
Posted by MSUDawg98
Ravens Flock
Member since Jan 2018
12376 posts
Posted on 5/26/23 at 4:57 pm to
quote:

This is why it annoys me when people shite on millennials and zoomers. They're being forced into serfdom due to criminal monetary policies.
Well the vast majority of them are leftists and it is socialist monetary policies that you are blaming. Meanwhile they're fricking younger Gen Xers over. Boomers are getting screwed with their 401Ks losing value after being seen/treated as evil by scum dicksucking socialists like AOC.
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
148269 posts
Posted on 5/26/23 at 5:01 pm to
quote:

Boomers are getting screwed
Posted by Saunson69
Stephen the Pirate
Member since May 2023
8230 posts
Posted on 5/28/23 at 2:29 am to
Do you think income didn't increase in the 60s 70s 80s 90 2000s 2010s? It just stayed the same that whole time, but magically increased the last 2 years? Median income is slowing down a lot now women are joining the workforce. Median income is well below pace of those periods in the past because more workers. There are graphs comparing average salary to inflation, and salary is very low % increase compared to inflation. I can post links on it here. They say reason is more women working, and it's because instead of companies increasing wages to satisfy employees, they keep it in cash on the balance sheet, so there's more money to shareholders/stock price increases. They care way more about investors than who works there which in my opinion the best companies (at least start out) with very high appreciation of their workers. Hilcorp is an example. Pay very high, engineers making $200k total comp by 30, named one of the best places to work on rankings, and have never made one layoff during any oil or gas downturn, and their production/revenue way outpaces all the other majors. Doubling production once every 2 years or so.

There really isn't any argument from one side or another I take seriously because all I have to look at is that graph. Practically perfectly straight. Practically perfectly corrects itself. There have been record high interest rates in 80s. There have been periods of very high unemployment and very low unemployment. There have been sharp wage increases and decreases over that time. There have been every type of economic ups, downs, stagnations, foreclosures, wages ups/downs, highs and lows of inflation. It doesn't matter. It always reverts back to the mean There is always a correction. No matter what happens, there is always a correction to it in residential real estate. For that reason I have a ton of confidence it comes down another 10-15%

This post was edited on 5/28/23 at 2:45 am
Posted by jclem11
Chief Nihilist
Member since Nov 2011
9549 posts
Posted on 5/30/23 at 1:44 pm to
quote:

In what way? Please educate me.


You think all those extra miles of roads, sewage and water lines don't cost more to install and maintain for you suburb bros?
Posted by Dawgfanman
Member since Jun 2015
25886 posts
Posted on 5/30/23 at 1:45 pm to
quote:

You think all those extra miles of roads, sewage and water lines don't cost more to install and maintain for you suburb bros?


Mostly, if not entirely, funded by local taxes.
Posted by H2O Tiger
Delta Sky Club
Member since May 2021
7667 posts
Posted on 5/30/23 at 2:08 pm to
Damn, this thread is still going?
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