House for my Parents

[EddieWalker]

Who are you buying cabinets from? I never looked into where they are build and wasn't aware of a cabinet company in TX that does what I'm wanting.

Eddie

 

[Bird]

I was just talking to my parents about the budget and how where doing. The numbers are really good, but what amazed us is the house I grew up in was about the same size and they paid $27,000 for it. That means somebody bought the land, brought utilities in, bought materials and hired people to build it and then sold it for a profit. I find it truly incredible what it must have cost for materials to build a house in the 60's.

Yeah, and the older you get, the more incredible it seems.:laughing: In October, 1968, we bought a little 3 bedroom, on bath, one car garage house that was built about 1950. I don't know what it cost new, but in 1968, we gave $12,250 for it. Then in 1972, we bought a new little (1531 sq. ft.) 4 bedroom, 2 bath, 2 car garage for $25,500.

 

[timberland]

There is no way I would do as much of the build process as you guys are doing. ie. framing, sheetrock, painting. Just too much in my book. I am kinda lazy though. You guys are doing great though !

 

[dstig1]

Eddie, that is coming along really nice! It is great the way you can have the folks help out with some of the more mundane tasks during the week to keep things moving. It is tough to keep these things moving along.

 

[jinman]

Yeah, and the older you get, the more incredible it seems.:laughing: In October, 1968, we bought a little 3 bedroom, on bath, one car garage house that was built about 1950. I don't know what it cost new, but in 1968, we gave $12,250 for it. Then in 1972, we bought a new little (1531 sq. ft.) 4 bedroom, 2 bath, 2 car garage for $25,500.

Bird, your talking about prices of new houses sure brought back memories of the good 'ol days. When I was growing up in the '50s, you could get a decent house for $5000. In the early '60s in Denton, someone built a $40k spec-house. It was huge and even had a big pool. We thought nobody would ever be able to afford that.:laughing:

While in the US Navy, I used my reenlistment bonus money in '72 to put a big down payment on my first house and buy furniture. I remember the house was $16.5k and my full payment with insurance and taxes was $135/mo. My allotment from the military for housing was around $175, so it paid my electric bill and mortgage. Boy! Those were the days. The little house was around 900 sq ft with a 20x28 attached garage on a wooded 1/2 acre. The outside was cyprus board and batten, so there was almost no maintenance. I converted the garage to a big family room and sold the house in 1975 for a whopping $27k. Just think; that was much less than $20 per sq ft.

 

[RandyBell]

Yes when you speak of how prices have gone up through the years it almost makes you sick. My first house was around 1900sqft and cost 19,500 I got it paid off a number of years ago but due to the economy had to sell it. Now I have a one bedroom 640 sqft home with attached garage, and several out buildings in the country. The next problem is that now days a new truck costs more than what we paid for our home.
I for one can't see spending enough to buy a house on something to drive!

Randy:thumbdown:

 

[Bird]

I used my reenlistment bonus money in '72 to put a big down payment on my first house and buy furniture. I remember the house was $16.5k and my full payment with insurance and taxes was $135/mo.

The first three and a half years we were married, we were assistant managers of a 104 unit apartment complex for the rent ($190 a month for a 2 bedroom, one bath furnished apartment) and utilities. Then with a 3% down payment, our first house payment, including insurance and taxes, was $106 a month. There was a furniture dealer in east Dallas who sold new, used, antique, and junk. I had once worked an estate sale for him and I think it cost around $700 to furnish the house with a combination of new and used furniture. The item I remember best was the GE refrigerator. It had been white and someone had painted it pink. So after a year or so, it was still working just fine, so I decided to paint it myself. I coppertoned it (our younger members may not remember that color:laughing and since the door gaskets, both top and bottom looked pretty bad, instead of taping them off, I bought new gaskets. I got the serial and model numbers and went to a warehouse and was surprised that they had the gaskets in stock. They said that refrigerator was a 1946 model. It was still working just fine in 1972 when I bought a new one to go in a new house and eventually gave away the old one.

 

[murphy1244]

Who are you buying cabinets from? I never looked into where they are build and wasn't aware of a cabinet company in TX that does what I'm wanting.

Eddie

Quality Cabinets.

 

[Obed]

I heard someone in the housing industry on the radio talking about the tremendous rise in housing prices that occurred in the 60's/70's. The US was moving from one-income households to two-income households as women entered the workforce. In addition, the feds passed regulation that required mortgage companies to consider the wife's income in addition to the husband's income when people applied for a mortgage. Overnight, families started qualifying for much larger mortgages and house prices all over the country skyrocketed due to the increased demand.

So today, a house payment commonly requires two spouses to work in order to have the same house one working spouse used to be able to afford. It makes a person start to think ...

 

[ustmd]

I heard someone in the housing industry on the radio talking about the tremendous rise in housing prices that occurred in the 60's/70's. The US was moving from one-income households to two-income households as women entered the workforce. In addition, the feds passed regulation that required mortgage companies to consider the wife's income in addition to the husband's income when people applied for a mortgage. Overnight, families started qualifying for much larger mortgages and house prices all over the country skyrocketed due to the increased demand.

So today, a house payment commonly requires two spouses to work in order to have the same house one working spouse used to be able to afford. It makes a person start to think ...

Actually, looking over the last 100 years, adjusted for inflation, housing prices have been flat (with the exception of the last boom that peaked in 2006):

Case Shiller 100 Year Chart (2011 Update) | The Big Picture