Home Ownership

[azxten]

I built a house myself. There is no shortage of houses, people are just generally stupid now. Almost no one even owns a house they just have mortgages. Of course the price of houses are going up if you're paying a % interest on a loan to the most greedy corrupt people in the world to buy one. They'll do everything they can to see the average house cost $10 million and give you a bargain on a low rate .1% interest mortgage. What a steal! Don't wait prices are only going up!

Total cost for me to buy land and build a decent house was $200k and it's worth $1 million now. That included paying contractors to do some of the work but mostly I did everything myself. I could just build houses full time and make a great living. I did this on the side while working full time.

It's all about capital. Coming up with the $200k to build the house without a loan is the hard part and I guess so is not being retarded and messing it up for a lot of people. I spent over a year just finding land. Every step of the way there is a way to fuck yourself if you don't take your time and think.

No one has capital they just have debt. No one owns a house. It's so rare to own a house people even pretend it's bad financial sense to own a house when you could take out a great mortgage and invest your money in the stock market (LOL) instead.

[Homesteaded]

Moving into the new house in three weeks. Strange phase being in a neighborhood that you're sort of rejecting by moving. Our kids are really excited to get some space to explore. Hoping to plant some trees and create more privacy. Going to have to do some research into what type of trees to plant.

[Jibartik]

All of this is a scam. Civil war coming.

[Homesteaded]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

All of this is a scam. Civil war coming.

Can I get three weeks to move into the new house before that?

[Reiwa]

Manufacared home, homie?

[Jibartik]

Originally Posted by Homesteaded [You must be logged in to view images. Log in or Register.]

Can I get three weeks to move into the new house before that?

We got as long as it takes for them to try to jail trump.

[Bardp1999]

My house has increased in value over $100k+ in 1 year. That's not monopoly money or crypto, talking USD$ suckahs

[starkind]

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[Gustoo]

Those real estate value gains are largely a result of inflation.

[Topgunben]

Originally Posted by azxten [You must be logged in to view images. Log in or Register.]

I built a house myself. There is no shortage of houses, people are just generally stupid now. Almost no one even owns a house they just have mortgages. Of course the price of houses are going up if you're paying a % interest on a loan to the most greedy corrupt people in the world to buy one. They'll do everything they can to see the average house cost $10 million and give you a bargain on a low rate .1% interest mortgage. What a steal! Don't wait prices are only going up!

Total cost for me to buy land and build a decent house was $200k and it's worth $1 million now. That included paying contractors to do some of the work but mostly I did everything myself. I could just build houses full time and make a great living. I did this on the side while working full time.

It's all about capital. Coming up with the $200k to build the house without a loan is the hard part and I guess so is not being retarded and messing it up for a lot of people. I spent over a year just finding land. Every step of the way there is a way to fuck yourself if you don't take your time and think.

No one has capital they just have debt. No one owns a house. It's so rare to own a house people even pretend it's bad financial sense to own a house when you could take out a great mortgage and invest your money in the stock market (LOL) instead.

I built my own home in Washington and did save tremendous amount of money. Was able to sell it for about double what I put into it within just 2.5 years.

With that said, you can not build a house cheaply right now, even if you do the work yourself. I am extremely well versed in construction costs, its basically all I do all day long for a very large home builder. 4x8 OSB is nearly 60 dollars a sheet. LVLs and LSLs are also outrageously expensive, along with any type of sheet metal, Vinyl material and decking. For perspecitve, when I built my house in WA back in 2016, 4x8 OSB was 5 bucks a sheet. At one point it spiked to $12 a sheet and everyone was losing their mind, now its 5 times the high that it was back then.

There is a housing shortage right now, as many people living in urban areas like NYC, Seattle, Portland, LA, etc etc are moving to more suburban and less crowded areas. Conservative states like Texas, Idaho and Utah are bursting at the seams with all the new people coming in, lot costs are skyrocketing because there is so little product on the market. The area I moved to has about 12 days of inventory.

Why are things so out of control right now? I would place the blame squarely on politicians shoulders that were in favor of a Covid shut down. This basically destroyed our economy, mills were shut down, production stopped for many many types of building materials. The 2nd part is, we have become so ridiculous with this idea of central planning when it comes to land use. Local governments have made it so difficult, if not impossible for developments to happen organically. I am currently involved in a land subdivision in WA state that is going on its 6th year of preconstruction entitlements and permitting. Its all complete bullshit, and a way for local governments to take control when it is absolutley screwing people over.

Its complete and utter bullshit. Anyone that is for this type of planning can go screw themselves. You are literally bankrupting the American people with your bullshit planning.