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https://fred.stlouisfed.org/series/CSUSHPINSA
Combine with developers having no incentive to build 1500 square foot, single family detached homes.
AD says
Combine with developers having no incentive to build 1500 square foot, single family detached homes.
Why don't developers this size home any more? Are they not profitable?
So the dumbass never considered "Can I make money or at least have the properties break even if I have to convert these to year-lease rentals?" and now that Maui has gone ahead with the proposal, he will probably lose all his properties.
AD says
Combine with developers having no incentive to build 1500 square foot, single family detached homes.
Why don't developers this size home any more? Are they not profitable?
https://fortune.com/2024/09/16/housing-market-lower-mortgage-rates-no-buyers/
Lower mortgage rates aren’t igniting the housing market.
Wouldn't it be better to simply rent yourself than be utterly dependent on renting it out 9 months of the year just to keep above water on it?
As long as they can sell more profitable luxury houses, they have no incentive to build affordable housing.
Second Home Mortgages collapse:
https://wtop.com/business-finance/2024/05/why-are-second-home-and-vacation-home-sales-declining/
This one is more my speed. All I want is a cabin in the woods and high speed internet (Thanks, Elon!)
https://www.zillow.com/homedetails/32389-Palmetto-Ter-Bristol-FL-32321/440498816_zpid/
This one is more my speed. All I want is a cabin in the woods and high speed internet (Thanks, Elon!)
Need to figure out how to sell $250,000 3 bedroom/2 bath/1500 square foot single family detached starter homes at a profit without any subsidies.
I rather be in Virginia like west of Front Royal or southwest of Winchester or even in eastern West Virginia if I am going to live like that
Blue Ridge or Ozarks
AD says
Need to figure out how to sell $250,000 3 bedroom/2 bath/1500 square foot single family detached starter homes at a profit without any subsidies.
Do the following and build a separate garage.
HeadSet says
AD says
Need to figure out how to sell $250,000 3 bedroom/2 bath/1500 square foot single family detached starter homes at a profit without any subsidies.
Do the following and build a separate garage.
That bad boy is a trailer my friend. Even with land that costs the builder $100k all in. Basically if you have dignity, you'd never live in that thing.
That bad boy is a trailer my friend.
I rather live with my people (in a trailer on Joan Avenue or anywhere else on the barrier island of Panama City Beach) then in some uppity white liberal village (with an optimized amount or mix of Asian tiger moms).
The attitude towards trailers is yet another thing that keeps prices elevated.
As long as they can sell more profitable luxury houses, they have no incentive to build affordable housing.
When rates actually went up the following day to 6.15% after the Fed’s announcement, there was lots of splainin’ to do. Although rates would settle at 6.06% on Friday night, the cracks in the narrative had been widening since late May when mortgage rates started their move down. Every realtor, broker, housing industry publication has made the innuendo or explicit case that when “rates” go down everyone was going to be fine, and the housing engine would restart. Additionally, if you ask one of these industry insiders about mortgage rates, they refer to the latest news from the Fed. No matter how many times I have pounded the table that the Fed does not control mortgage rates, the bond market does, those in the industry failed either to grasp or overtly acknowledge this fact. Do the Fed’s actions have an impact? Sure, but the bond market had already front-run the move with large drops in August when the Yen Carry Trade started to unwind. The confusion out there has gotten so bad that Jerome Powell himself had to state explicitly from the podium that “he can’t really speak to mortgage rates.”
I would never prefer a trailer to a built house, but these trailers I have been in are quite nice. They look the same inside as other modest single-story homes, with a similar layout kitchen, bath and bedrooms. You just do not get an attic or basement.
She was able to buy an acre of land and put a trailer on it.
You described an Eichler, lol.
Eric Holder says
You described an Eichler, lol.
Eichlers can have basements/attics tho. Not common, but possible.
And it gets a pink slip from the DMV so is not counted as a perm improvement on the property tax assessments.
The roof is normal asphalt shingle
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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.