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

Posted on 10/31/21 at 10:31 am to
Posted by LSUbest
Coastal Plain
Member since Aug 2007
13307 posts
Posted on 10/31/21 at 10:31 am to
Chicken wire with visqueen over it.
Posted by fjlee90
Baton Rouge
Member since Nov 2016
8384 posts
Posted on 10/31/21 at 10:31 am to
quote:

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.


Oh I did. It’ll eventually move past voting. Hungry people don’t vote. Rig all you want, the riggers will be at the end of a barrel if children start going hungry.
This post was edited on 10/31/21 at 10:56 am
Posted by Toomer Deplorable
Team Bitter Clinger
Member since May 2020
21444 posts
Posted on 10/31/21 at 10:32 am to
Pens.



Posted by Liberator
Revelation 20:10-12
Member since Jul 2020
9071 posts
Posted on 10/31/21 at 10:34 am to
Posted by LookSquirrel
Old Millville
Member since Oct 2019
7519 posts
Posted on 10/31/21 at 10:42 am to
The cheap arse houses they are building now in these cookie cutter subdivisions, here on the north shore will not last 30 years.
Posted by LoneStarRanger
Texas/Europe
Member since Aug 2018
2404 posts
Posted on 10/31/21 at 10:43 am to
quote:

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


My gosh. My parents bought their house in 1980 for 60k
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 10/31/21 at 10:48 am to
(no message)
This post was edited on 10/31/21 at 11:05 am
Posted by Zach
Gizmonic Institute
Member since May 2005
115718 posts
Posted on 10/31/21 at 10:55 am to
quote:

Here in Nashville the ballers are buying large plots of land and building multiple residences on it for extended family, etc.


That's exactly what they are doing here in the exburbs.
Lots are too small in typical suburbs so they buy 2 acre lots for cheap 20 miles from the city and build two homes.
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 10/31/21 at 11:01 am to
(no message)
This post was edited on 10/31/21 at 11:05 am
Posted by TurkeyBaconLeg
Member since Jul 2018
1833 posts
Posted on 10/31/21 at 11:05 am to
The housing market price craziness has slowed down tremendously since School started.

Homes are now sitting for awhile and not getting their massive “multiple offers” they were getting.

This is causing many listings to reduce prices.

It’s not a Buyers market yet, but most Buyers now stand a good chance at getting the home they want for a good deal.
Posted by Bass Tiger
Member since Oct 2014
51460 posts
Posted on 10/31/21 at 11:59 am to
quote:

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


I shite load of the homes real estate investment companies are buying are not for traditional lease rental properties.....they're VRBO and AIr B&B type properties under property management maintenance agreements.
Posted by ChEgrad
Member since Nov 2012
3577 posts
Posted on 10/31/21 at 12:15 pm to
quote:

What were home values when rates were 10%


I bought my first house in a town of 12,000 in Arkansas with an 11% ARM. Cost was $95,000 for a 3400 ft2 house with a 3-car carport and detached shop on a 100x275 foot lot. I miss that house. Needed some updating I never got to before moving, but it was a good house.
Posted by NPComb
Member since Jan 2019
27773 posts
Posted on 10/31/21 at 12:42 pm to
Now they
quote:

couple from California just bought my bro-in-law’s house without seeing it in person. $550,000 for a 3000 sq foot remodeled house on 100 acres


Now they have (2) extra California voters in that town.
Posted by TheFonz
Somewhere in Louisiana
Member since Jul 2016
22006 posts
Posted on 10/31/21 at 12:57 pm to
Bidentowns instead of Hoovervilles.

Posted by ApexTiger
cary nc
Member since Oct 2003
55017 posts
Posted on 10/31/21 at 1:01 pm to
quote:

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.


The bigger lot is the key...

Lots are double what they were 10 years ago.

In Raleigh we see boxville.

Huge homes on small lots 5' apart...its awful
Posted by ApexTiger
cary nc
Member since Oct 2003
55017 posts
Posted on 10/31/21 at 1:03 pm to
quote:

Homes are now sitting for awhile and not getting their massive “multiple offers” they were getting.


In Raleigh area things are on fire...

Bidding wars...

50 to 90k due diligence...

75k above asking
Posted by ApexTiger
cary nc
Member since Oct 2003
55017 posts
Posted on 10/31/21 at 1:07 pm to
quote:

gosh. My parents bought their house in 1980 for 60k


60k?

Are we're talking apples to apples

Houston

2500 sq.ft...
Posted by Ag Zwin
Member since Mar 2016
23010 posts
Posted on 10/31/21 at 1:21 pm to
quote:

Anything available with temps above zero?

I live in Duluth. I like then weather here. Four seasons, with rarely too hot (right next to Lake Superior).

Get a good coat, boots, and AWD vehicle and you rarely notice the cold.

Outdoor activities all year long, with variety. Skiing in winter, golf in summer. Fishing all year.

Eagles, bears, turkey, elk, deer, salmon, walleye, trout,…

Embrace the cold.
Posted by au1331
north alabama
Member since Jun 2020
229 posts
Posted on 10/31/21 at 1:38 pm to
35 years ago we had interest rates north of 10%...
i bought my first house when carter was president - interest rate was 18%....i re-financed several times as interest rates fell....
Posted by Turbotoes
Clown world
Member since Dec 2020
253 posts
Posted on 10/31/21 at 1:50 pm to
There's a reason that some founders and andrew jackson were against central banking. We're over 100 years too late
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