re: Will the real estate bubble ever burst?

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90% of windows are oil-based products. The price has started to go up and will continue to do so.

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You taking vinyl? If so, you’re maybe right but even vinyl windows haven’t increased enough to make a dent in the cost of building a mid level home and higher end homes probably don’t use vinyl.
I use fiberglass and can assure you they have not increased in a year. Alumn and alumnclad hasn’t either.
Same for doors.
Flooring is actually cheaper depending on what you want. Tongue and groove is a bit more. There’s so much other options out there now though that I’d say flooring overall is less. It depends though.

Electrical is not more. Yes, copper is more but fixtures etc are about the same from what I gather. The copper cost is a drop in the bucket on the homes I see.
Plumbing is not more. I know that first hand. Labor can be tight but overall, the cost of doing a 2500 sq foot home is the same or less than a year ago as long as copper can be avoided.

Again, the point is that the cost of building a new home is not 100% or 200% higher than a year ago. Some aspects are up but overall, it’s just not the case at all.

I don’t think it’s a bubble yet. Remote work is here to say so people are moving out of the city and want more space. Renting is almost as much as a mortgage payment in most places anyways.

Correction on my part. I just meant the tens of thousands of people that purchased and got wiped out. You remember that little blip called the Great Recession. I think you get my drift.

We bought our house for $375,000 a few weeks ago. It was built for $344,500 in 2016. I do not feel like I overpaid and was right in line at $148 sqft. This is post hurricane and low volume too- right outside LC. Good rural school district.

I guess some places are overpriced. I know if this house was in central Lake Charles they’d have tried to get $450-475 for it, easy.

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I'm amazed at how much uncleared acreage way out in BFE costs these days.

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Yea, no shite. I look at land costs in BFE just cuz it would be cool to have a weekend place. Nothing is cheap out there,

Just gotta point out that there are ways to make money on the real estate market through the stock and commodity market

Home builder stocks , lumber futures, Home Depot...
All doing well as the real estate market stays hot.

People selling 1.5 mil homes in cali can afford to cut a check for a $700k home in Texas. I know a couple who did exactly that a couple months ago.

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McKinney,TX

$601,500

4bed 3.5bath
2,836sqft
7187sqft lot

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That’s one ugly piece of shite.

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Smart move. No one thought it would crash in 2006-2007 either but the market has proven it will over correct. Hopefully it will be a mild correction this time around.

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Also lending is far more restrictive now than it was before the 2008 crash which was a glut of housing after foreclosures.

While we're not going to see even remotely the same crash this time, there is bound to be a price crash once building materials are replenished and the rent/mortgage moratorium is lifted.


Right now we have people fleeing big cities for remote work+millenials buying their first homes+low interest rates+materials shortage making new home construction too expensive+halted mortgages.