- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Will the real estate bubble ever burst?
Posted on 4/3/21 at 7:41 am to yaboidarrell
Posted on 4/3/21 at 7:41 am to yaboidarrell
Yes everything usually has some sort of shift - could be rates creeping up, inflation, etc.
0
Posted on 4/3/21 at 7:52 am to BigDroop
quote:
It absolutely has. Check prices on any wood products from Jan 2020 to today, all woods including. OSB,particle board,
Lumber has risen in price 200% but the cost to build has not risen 200%. Lumber represent maybe 20% of the build cost now. Used to be like 15% of the build cost
The cost of labor hasn’t gone up much.
Windows, flooring, doors are about the same As they were a year ago.
Electrical hasn’t gone up much
Plumbing maybe a bit higher but may even be cheaper
Posted on 4/3/21 at 8:01 am to yaboidarrell
A common mistake is thinking bubbles have to burst. Bubbles do not have to burst. Prices can start to slow down or even move sideways and underlying values catch up to them.
Posted on 4/3/21 at 8:12 am to yaboidarrell
Of course it will. That’s why they call it a bubble
Posted on 4/3/21 at 8:23 am to yaboidarrell
One thing that is happening which has never happened before quite like this is the migration from urban to sub urban and even rural areas.
Covid created a new work from home reality and it’s become a long term reality.
So there are these bubbles happening in remote areas but buying pressure lessened in the urban areas. Talk to realtors in Manhattan or San Fran vs Bose Montana or Prescott Arizona... two different stories.
This is happening all over the place.
So this bubble might be regional vs country wide.
Covid created a new work from home reality and it’s become a long term reality.
So there are these bubbles happening in remote areas but buying pressure lessened in the urban areas. Talk to realtors in Manhattan or San Fran vs Bose Montana or Prescott Arizona... two different stories.
This is happening all over the place.
So this bubble might be regional vs country wide.
This post was edited on 4/3/21 at 8:11 pm
Posted on 4/3/21 at 8:27 am to SlidellCajun
Check the Link in my previous entry, wood pricing increases alone have added approx $24k to every planned aned completed homes value. If you had plannned on building using last year’s prices, you are now 24k further indebted. All finished wood products have skyrocketed including doors and walls. The damn OSB and roofing shingles alone have hurt home builders nationwide.
ETA LINK
ETA LINK
This post was edited on 4/3/21 at 8:30 am
Posted on 4/3/21 at 8:34 am to yaboidarrell
No. Housing has been viewed as a right in this country, and barriers removed by the feds. It is one investment that you should always be in.
Posted on 4/3/21 at 8:44 am to JackieTreehorn
quote:
New Orleans baffles me. shotgun doubles are going for well over half a million dollars.
I grew up in the Lower 9th Ward and when I see the Real Estate section of the paper on Saturdays and see some of those old houses in that depressed area selling for $250K and up, it makes me scratch my head and wonder the same.
A house next door to the one I use to live in was bought in 2019, remodeled over the course of a year and put on the market. It sold for something like $375K several months ago after being on the market for a few weeks. This house is located on Dauphine and Flood St. in what is now being called "The Historic Holy Cross District".
However, that name doesn't change the actual location and the fact much of that area is seriously depressed and totally lacking in infrastructure as far as markets, drug stores, medical facilities, etc.
Posted on 4/3/21 at 8:47 am to yaboidarrell
By the time Biden gets done fricking everything up it will crash.
Posted on 4/3/21 at 8:52 am to SlidellCajun
quote:
Windows
90% of windows are oil-based products. The price has started to go up and will continue to do so.
quote:
flooring
Depends on the product but there has been pricing increases
quote:
doors
Again...has seen pricing increases.
quote:
Electrical hasn’t gone up much
Copper has gone up and the prediction is that it will continue to do so as China seems to be buying up all that they can.
I bought a 250' roll of 12/2 Romex for $60 in September. That same roll is around $100 today.
quote:
Plumbing maybe a bit higher but may even be cheaper
Pex and PVC...oil based. Copper...see above.
Posted on 4/3/21 at 8:57 am to SlidellCajun
quote:
SlidellCajun
Why are you always so wrong about everything? You are either a real life fricking idiot or a really good troll
Posted on 4/3/21 at 8:59 am to tgrbaitn08
Posted on 4/3/21 at 9:02 am to East Coast Band
quote:
All part of the Left's master plan.
Get everyone to buy overpriced homes, crash the market, force everyone into government housing.
Such crafty f'ers over there on the left. Just one phase of their mass attempts to take complete control.
Posted on 4/3/21 at 9:09 am to ned nederlander
quote:
That said as it applies to New Orleans, the bubble pops when Katrina 2 happens.
Katrina 2, Electric S&WBoogaloo.
Posted on 4/3/21 at 9:10 am to Turftoe
My mom neighbor just sold their house for almost $250k but was really going to offer it for about $20k less. But he still went with the high ball number and it sold within days. I told my mom to list her house for $300k to see if someone jumps on it. Maybe even that tree fiddy for the ironic lols.
Posted on 4/3/21 at 9:14 am to yaboidarrell
When will the government force renters to start to pay back all of the money they have been allowing renters to defer? I see a spike in homelessness very soon.
Posted on 4/3/21 at 9:22 am to KickPuncher
I am now seriously considering putting ours on the market just to see what happens since our neighbor sold immediately for a ridiculous price.
Posted on 4/3/21 at 9:25 am to tgrbaitn08
So you’re saying that you’re always right about everything?
Posted on 4/3/21 at 9:27 am to KickPuncher
quote:Pics of her and the house and I’ll let you know about the likelihood of both.
I told my mom to list her house for $300k to see if someone jumps on it.
Posted on 4/3/21 at 9:31 am to BigDroop
quote:
wood pricing increases alone have added approx $24k to every planned aned completed homes value.
And I can confirm this as far as new construction. Adding $24k to a $200k home is a big step. New builders need to decide whether to downsize a few hundred square feet, or just simply absorb the increase.
Not sure how it directly affects the cost of a completed/existing home, other than through comparison shopping allowing the increased value.
Page 4 of 8
Popular
Back to top
Follow TigerDroppings for LSU Football News