fatjay
Veteran Member
That's spacious. This used to be 3 ball fields where i grew up playing ball. There was a snack stand. But a developer came in and put up 212 town home units that started at the mid 500's.
Y'all Been Checkin' Lumber Prices?
- Thread starter Diggin It
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goeduck
Super Star Member
Yes, on the other side of town on a road I drive often. Great location.
The real estate agent said there are way fewer buyers now due to higher interest rates and lower pandemic panic, which is what I was waiting for. She said the house would likely have sold for $100K more a year ago, if not even more.
One of the crazy things about buying back then was most offers with an inspection contingency were bounced and not considered. On a previous offer I made an inspection saved my backside. Squeezing through a tiny attic hatch revealed that the house had a massive fire in the attic (only partially repaired) and still had live knob and tube wiring up there.
MossRoad
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1995 for us. But, we’re looking for lake houses, sooooo…..My rate has been zero since 2014… and will remain so
CloverKnollFarms
Elite Member
You probably have a lot of cash saved up in that case!1995 for us. But, we’re looking for lake houses, sooooo…..
MossRoad
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In his spare time, my dad used to inspect houses for HUD. Took me along as a kid and young man. While it was interesting, I really think his intention was to show me all the stuff that most people don’t notice, let alone even think about. Great lessons.
My favorite part as a kid would be we’d walk into a room and he’d hand me a large marble. We‘d set it down on the bare floor and see if it rolled, how far, how fast, and in what directions, etc… then we’d go in the basement and see why.
Fresh paint on basement walls and floors usually pointed to dampness/mold. 1st floor floor joists painted white in the basement often indicated past fire. Same with freshly painted attics.
Knobs and tubes. Cobbled wiring. Lead paint. Asbestos floor and ceiling tiles, and attic insulation. Windows that weren’t square. Gaps under both interior and exterior doors that weren’t even. Crumbling foundations. Cracked floor joists. Uneven roofs. Gutters that weren’t sloped right. Water damage. YIKES! I could go on.
Great lessons. Thanks, Pops!
MossRoad
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We’re fortunate.
Hey, question for everyone that has adult children:
Did any of you notice that once your kids are out on their own, your own savings account seems to grow at a phenomenal rate?
civilian
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Yes but no. When the kids moved out of state with no plans to back, we finally sold the house they grew up in on the lake. We then bought 80 acres in the woods, built our last home, first floor has everything to live. Basement accessible from walk out if we can't handle the stairs, but stairs are 4ft wide to handle a stair chair. Built a three car garage, and a separate work shop and storage building. And also had to get a land loan. But it is great. JonWe’re fortunate.
Hey, question for everyone that has adult children:
Did any of you notice that once your kids are out on their own, your own savings account seems to grow at a phenomenal rate?
JethroB
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$500k around here will get you a nice 2,000 sq ft home and 60 acres of mature piney woods or farmland. I’ll take the woods or cotton fields any day.That's spacious. This used to be 3 ball fields where i grew up playing ball. There was a snack stand. But a developer came in and put up 212 town home units that started at the mid 500's.
fatjay
Veteran Member
I complain, but in reality, my home price has gone up 3x because of it. Once i'm ready to get the hell out of dodge, i can sell my house for 3/4m, go out to the middle of no where, and buy all the space and house i want for next to nothing.
jigs_n_fixtures
Platinum Member
Again minimum legal 2-0 setbacks, 12 to the acre condos, 800 1000, and 1200 sf. .
They liked that, so more “Z-Lots” on a larger chunk of land so we could really optimize the concept. I was building four of them in 28-days, slab to C of O. Supers o other subdivisions were taking 6 to 8-weeks. Once I figured out that if you’re dried in, you can work all night and not get dinged for the noise ordinance, it was easy. You just give bonuses to the subs, and spend 8-hours a day on the phone herding the subs, and fourteen hours onsite. Somewhere in there the girlfriend decided she had enough. (If I ever decide I want another one, she will have grown up an a farm or ranch. They are much more understanding and used to dawn to dusk, and then some.)
They liked that so I got a four square mile project, a mix of z-lots and condos.
I started to feel like a nickle *****. I didn’t go to Engineering school to build tract homes. Felt there had to be something more meaningful.
Took a 65 to 70% cut in pay, and moved to central Idaho to design and build fish exclusion screens for irrigation diversions, to keep the salmon and steelhead in the river. Not nearly as lucrative, but I could sleep at night again.