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re: The insanity of housing prices these days
Posted on 12/22/21 at 1:10 pm to CrystalPreserves
Posted on 12/22/21 at 1:10 pm to CrystalPreserves
quote:
There’s no escaping that phenomenon with whatever color or thing you choose
The key is to not lean too hard into a trend. With flooring I would say hardwood (or a natural wood-look) is timeless. Walls and cabinets can be painted to move with trends. Floors are much more permanent and should be carefully considered when building/renovating.
0
Posted on 12/22/21 at 1:15 pm to LSUFanHouston
Drive 40 miles north into Mississippi and that house is, what? $180,000? $200,000? You live in Chalmette because you want to.
Go to California and that house is $1 Million+. It’s all about location.
Go to California and that house is $1 Million+. It’s all about location.
Posted on 12/22/21 at 1:18 pm to LSUFanHouston
I'll be making a little over 6 digits next year, and buying a house in or around Denver is a pipe dream. It's insanity, and I just don't understand how this can be. It's not like our population is exploding to epic proportions.
Posted on 12/22/21 at 1:21 pm to LSUFanHouston
quote:
Wouldnt the bubble burst hurt their balance sheets... or are they ok because they will drive rental income?
When it bursts, the government will bail them out and they will be come semi public/private landlords that will basically control all real estate. Only the elite or a small cabal of powerful multi-national corporations will be permitted to own property.
When the banks overleverage themselves and go bust, the government bails them out. When you do, you go bankrupt. Either way, the government owns you going forward.
This post was edited on 12/22/21 at 1:23 pm
Posted on 12/22/21 at 1:25 pm to kingbob
When it burst….or will it? I’ve seen predictions of both.
Posted on 12/22/21 at 1:31 pm to ALrabbitKilla
quote:
When it burst….or will it? I’ve seen predictions of both.
The burst is inevitable and planned. The burst is necessary to clear out the last gasps of private home ownership.
Just like covid lockdown policies were designed to kill the few remaining true small retail businesses to benefit the large online retailers, so will the coming housing crisis be designed to kill the ability for the middle class to hold onto their homes in favor of investment banks and other multi-nationals getting control of enough of the real-estate market to force at least 80% of the population into renting. Right now, the split between home owners and renters is roughly 65/35. Not only will these numbers gradually flip over the next 10 years, but there will be a massive financial "crisis" that will, in a matter of months, make the remaining middle class homeowners basically disappear. This is what the Great Reset is all about.
Posted on 12/22/21 at 1:42 pm to LSUFanHouston
Why is this ‘insane’?
The market is behaving as expected for demand.
The market is behaving as expected for demand.
This post was edited on 12/22/21 at 1:43 pm
Posted on 12/22/21 at 1:46 pm to kingbob
quote:
The burst is inevitable and planned. The burst is necessary to clear out the last gasps of private home ownership.
Just like covid lockdown policies were designed to kill the few remaining true small retail businesses to benefit the large online retailers, so will the coming housing crisis be designed to kill the ability for the middle class to hold onto their homes in favor of investment banks and other multi-nationals getting control of enough of the real-estate market to force at least 80% of the population into renting. Right now, the split between home owners and renters is roughly 65/35. Not only will these numbers gradually flip over the next 10 years, but there will be a massive financial "crisis" that will, in a matter of months, make the remaining middle class homeowners basically disappear. This is what the Great Reset is all about.
None of this shite is some grand conspiracy. Most people, especially politicians, are just retarded.
And the finance guys are just trying to get their nut, they don't give a shite what happens after.
Posted on 12/22/21 at 1:53 pm to Big Ole Baw
The politicians are retarded. The people who fund their campaigns are not. The number of humans who control roughly 80% of all of the information you view, all of the food you eat, all of the consumer goods you buy, all of the entertainment you indulge in, every cleaning product, every vehicle you drive, the electricity that powers it, the fuel burnt to run it, the microchips that make it all happen, etc could fit in an average-sized church hall on a sunday, and every year the room needed to fit all of those people gets smaller and smaller and smaller. Every year, we see industries becoming more and more consolidated by using the government to destroy competition and ignore monopolistic and cartel-esque behavior.
The present is multi-national corporations and government joined at the hip to exploit the American consumer and gaslight them into giving up their rights.
The future is a one-world government run via the same premise. This future isn't distant either. This is like 10-20 years away max.
The present is multi-national corporations and government joined at the hip to exploit the American consumer and gaslight them into giving up their rights.
The future is a one-world government run via the same premise. This future isn't distant either. This is like 10-20 years away max.
Posted on 12/22/21 at 2:13 pm to Ben Hur
quote:
Every business transfers rising costs over to the customer.
I miss the days when supply and demand set the prices in the marketplace.
Posted on 12/22/21 at 2:14 pm to LSUFanHouston
Yes.. the lot is 1.3 acres in a beautiful country setting near Broussard, La. The lot was very expensive. The cost to build the home is about $195 sft.
Posted on 12/22/21 at 10:21 pm to Shexter
quote:
Gray on gray on gray on gray.....white trim!
It's the new "brown" of the 2000s-2010s---you can list it as modern/contemporary now and upcharge.
The dead giveaway of "I have no clue what I'm doing when designing this house" is the ceiling fan
This post was edited on 12/22/21 at 10:23 pm
Posted on 12/22/21 at 10:49 pm to madmaxvol
quote:
$88 per square foot when it was built in 2016
WTF you live in BFE?
Posted on 12/22/21 at 11:04 pm to LSUFanHouston
When I first moved to St. Petersburg about 7 years ago I looked around at some homes for about $195,000-230,000. Decided against it and rented.
2,000 sq ft homes in my neighborhood(I live in the last rentable place around me) are going for over a mil right now. My neighbors on all 3 sides of me love in homes that have sold for 3 million.
I feel like the biggest idiot on earth.
2,000 sq ft homes in my neighborhood(I live in the last rentable place around me) are going for over a mil right now. My neighbors on all 3 sides of me love in homes that have sold for 3 million.
I feel like the biggest idiot on earth.
Posted on 12/22/21 at 11:13 pm to LSUFanHouston
My grandma just sold her house in Marietta ga that she’s lived in since 1960 for 280k. 3 bed 1 1/2 bath ranch. It’s nuts.
Posted on 12/22/21 at 11:29 pm to LSUFanHouston
Something is only worth what someone will pay for it. 2008 wasn’t that long ago to forget so soon. Things have a way of correcting themselves, and the correction won’t be pretty.
Posted on 12/22/21 at 11:30 pm to LSUFanHouston
- Higher population because of millions of illegals
- building supplies ridiculous
- inflation
Let’s go Brandon!!
- building supplies ridiculous
- inflation
Let’s go Brandon!!
Posted on 12/25/21 at 7:12 pm to kingbob
I wish I thought you were wrong. Actually wish you were wrong.
But it seems you’re right. I don’t want it to be that way, but I will be waiting and watching for a way to benefit business wise from it.
But it seems you’re right. I don’t want it to be that way, but I will be waiting and watching for a way to benefit business wise from it.
Posted on 12/25/21 at 7:38 pm to BoogalooCopperpot
quote:
Something is only worth what someone will pay for it. 2008 wasn’t that long ago to forget so soon. Things have a way of correcting themselves, and the correction won’t be pretty.
2008 collapse was due to Leander’s being forced to write loans for people that should previously never qualified for the mortgage, Todays market is simple a lack of supply, people that are buying these houses can afford them with many sales being cash. Price increases will slow, but unlike 2008, 1980s there is no underling reason for a correction. The entire US is simply getting a taste of what has been going on in California for many decades.
Posted on 12/25/21 at 7:42 pm to AlaTiger
quote:You live in Chalmette as the result of making a poor decision or a hundred.
You live in Chalmette because you want to.
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