T4

Slow time of the year 60 hours, busy time of the year 76 hours.

What age facility are you looking at? Potential Re-Zoning conflicts? Can it be expanded? Eave Height? Number of back in loading docks? Can slab support loaded shelving? Sprinkled? Incoming power voltage and panel size? Age of roof and list of recent repairs? Internal or external gutters? Heated and Cooled? 24 month average on utilities? Rail availability? CAM fees? Distance to closest on ramp to an Interstate? Condition of parking lot and access roads? Rent structure, Monthly, Quarterly, or Yearly? Triple Net?

What I tell people that ask? Construction
What I actually do?

-Development- Very Enjoyable, I’m a Planner and a Dreamer
-General Contracting-Commercial,Residential, Roads- Lot of Risk, Strike Out or Home Run, not much in between. Tool to maximize land development and sales.
-Framing, Siding, Roofing, Masonry, Trim, Cabinetry, and Solid Surface Subcontracting.- Most Diversified Income Stream, Demanding but Rewarding.
-Plumbing and Electrical Service- Everyone takes a sh*t, People are Scared of Electricity
-Lumber and Building Material Sales- Very Demanding, High Volume, Low Margin. Profit is in timing the market and capturing the upside while avoiding downside risk. Need reliable commitments to justify bulk buy and store but the upside chasing the market up is all gravy above base margin if you can avoid downside risk. Tricky, gotta know your stuff.
-3rd Party Rail Logistics- Covers Overhead of Yard Hands and Drivers at lumber yard. 1 man 30 hours a week pays 5 men 40 hours a week for about a 4 month period each year.
-Warehousing- Metal Roofs Leak, Sprinkler Pipes Burst, Crackheads be Crackheads
-Property Management- Cars Drive Into All Commercial Buildings at Some Point.
-Real Estate Brokerage-Silent Partner
-Redneck

Hunting accident, 7mm-08 through the neck. I don’t recommend.

Cost of doing business so it would be able to be classified as a normal business expense to offset ad revenue. The money and things he gives away are what people tune it to see and what gives him the views. He was on Rogan and the guy has a very good business acumen.

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Can someone who has been shot with a gun please chime in? Always wondered the level of pain getting shot would bring on

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I definitely don’t recommend it, it hurts a rather large amount

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How many holes Per year are you building? You should have some economy if scales.

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I’ve got the economy of scale part taken care of

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Making sure I understand what you are asking:

$2,200 at 25% of income would mean $8,800 a month in income or $105,600 annually, Pretax.

Are you saying the payment would be 25% of pre-tax income or post-tax income?

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Post tax

I’m factoring rates at 6.50% when I’m making my payment projections. $200 a SF on 70x150 lots with curb and gutter, sidewalks both sides of the road, street lights, boundary fencing, 2 miles from anything in town, .5 miles from shopping, restaurants, and hospital. $40k Lot cost. Was 15% profitable in 2019 at $134.50 a sf at $32k Lot cost then.

I’m sure to get the farthest thing from the truth out of the posters on this board but it’s worth a shot. I’m a mid-sized residential builder in North Ms that needs input on housing affordability from out of state potential home buyers. I barely survived the 08 disaster and have had 2 surprise bad years since and I would like to avoid that nightmare again. The last 2 years have seen record overall sales with record low profits outside of 2008. Massive material and labor increases and severe market fluctuations in lumber/building supplies have more than negated the price increases passed on to buyers. I’ve raised pricing 40% in the last 2 years and it still leaves sub 5% profits after I have priced and sold every successive house at 5% over the previous sales/appraisal value. It seems insane to me that 40% over two years is not enough, but that seems to be the case. Now that rates are climbing, lumber is falling hard but all other materials are still rising. I need to maintain price and realize lumber savings to hit my 12% targeted profit but at these rates my current pricing is becoming what I’m afraid is unaffordable.

My question is this:

Can you afford to pay $2,200 per month for housing with 25% or less of your income?

Discussion in comments for the naysayers, I can back up everything I say. I’m just trying to get the temperature of this bull crap we are all about to have to choke down when it all goes to hell