Building a new house is it a good time?

[WhoSayWho? 5,000+ posts]

Who cares, the thread has served its purpose of letting everyone know that:

You think that $110 a sq ft is cheap, and:

You are paying cash for your house.

Congrats on both points.

 

[WhoSayWho? 5,000+ posts]

But fail at the salt water pool.

What, I didn't read the whole thing. Salt water pools = good or bad?

We are going to be buying a new home soon and we are considering our options re: pools. We will be paying with cash.

 

[WhoSayWho? 5,000+ posts]

A salt water pool is wicked retarded unless it is sitting next to the ocean.

I am fairly close, but not next to the ocean. In that instance, when I pay with cash, should I not get a salt water pool?

 

[WhoSayWho? 5,000+ posts]

Please do not. Please show how truly balla you are and get a fresh water infinity pool with ****ty playboy chicks like Hefner has.

I don't know if I have enough cash.

 

[mackin 10+ year member]

It is a lot easier to keep up than standard pools ...the people who sell them recomend going that route

the people who sell them recommend them. therefore everything they say is correct. do it. //content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif

 

[Louisiana_CRX 5,000+ posts]

the people who sell them recommend them. therefore everything they say is correct. do it. //content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif

yeah thats what I thought....

 

[jdc753 10+ year member]

Dang $17k an acre, sure wish prices were like that up here in Mass. Build-able house lots up here go for over $100k an acre. My dad has been in the house building business since about 1990 and obviously its been slow lately and he has been down to about 1 or 2 houses a year doing pretty much everything himself but for the current house he is working on is a 3 or 4 Bedroom (one could be an office) 2.5 bath 2-story colonial with an attached 2 car garage and standard stuff not cheap but not crazy nice and it is on the market for $399,700 and he had purchased the lot which was maybe an acre for $163k.

Good luck on the house and post up some pics. Specially of that salt water pool.

 

[richierich75 10+ year member]

This is just me, but unless your really set on a certain layout, I'd buy up a couple of houses right now and live in one, rent out one or two. The market is down (value decrease in the neighborhood of 36% in some places) so you can pick up houses at a discount right now. You have a steady flow of cash so in a year or two when the economy rebounds, you could sell for a profit.
Plus would help some of your funds go *coughs* legit *coughs*

36% decrease in value is just ridiculous (not saying you are wrong cause you aren't) but people have to realize that this is a direct cause/effect relationship to the artificial inflation of home prices caused by the federal governments cutting of the fed interest rate. Just ****in' ridiculous; some will say hindsight is a wonderful thing; I will be the first to admit that these decision makers are smarter than me; but the people who are in charge of these decisions should have been smart enough to realize this would have happened eventually and knowing now that they were not they all should be fired!!!! It was great when everything was on the upswing; people credited Bush for his brilliance; people credited Bush for homeownership being the highest it's ever been - well who gets credited for how fvcked up things are now??????????? I know, it's got to be Hillary's faught, right?

 

[richierich75 10+ year member]

I'm looking at throwing together a new Bachelor Party pad it is about 2500 sq ft about 2000 heated...nothing big but modest floor plan it is 4 bedroom 2.5 baths two story...I'll probally mod floor plans some ....the cost is cheap only $110 a sq ft....I'll be paying cash for the place but I was curious if this price is high or should I hold out a while ....or will cost of materials go up if I wait and maybe cost more...i'm suppose to sign a contract in the next couple of weeks the contracter has been working on details...

If you can afford it, do it. My only recommendation is to GC it yourself and use the money you save on upgrades. (assuming you have experience in taking on such a duty)

 

[cha0 10+ year member]

well i didnt read anyones post but im going to give my 2 cents since im in sales for a construction company... short and sweet. great time to buy a house, bad time to build a house. all industry prices are about to go up. steal is going up 25%, concrete is going up a ton, everything is getting raised significantly. not just a few %...