New Home Sales

[piemma]

Originally Posted by Nebe

20 years from now that will be a million dollar house. People were saying this back in 2002 when there was a big boom in prices. Back then that house would have been around 300k.
Posted from my iPhone/Mobile device

We bought our land for $7,500 and build our house for $33k. All back in 73, 74. We were recently offered $1.3M. INSANE!!!

The problem is where the hell do you go if you sell? Very limited inventory and prices, as everyone has pointed out, are sky high.

[Nebe]

Originally Posted by piemma

We bought our land for $7,500 and build our house for $33k. All back in 73, 74. We were recently offered $1.3M. INSANE!!!

The problem is where the hell do you go if you sell? Very limited inventory and prices, as everyone has pointed out, are sky high.

You don’t go anywhere. You stay put and enjoy your kingdom
Posted from my iPhone/Mobile device

[piemma]

Originally Posted by Nebe

You don’t go anywhere. You stay put and enjoy your kingdom
Posted from my iPhone/Mobile device

Yup! That's what Jeanne says.

[Rmarsh]

Our new subdivision with 28 house lots will be selling out quickly!
These are smaller homes on smaller lots than we normally have done in the past.... and they are going up fast. I believe they are priced starting in the low $600,000's....crazy!
Before we started on it, a few months ago, my boss wanted reassurance that I wouldnt be retiring this year.

I have spent the last 49 years working in constuction and the wear and tear on my hands is severe, and its becoming more difficult using them , going to hang in to make it a nice round figure of 50 years next June. In the meantime I would like to tutor one of our younger guys on cabinet installation.

Sometimes when I observe the methods of work these kids use i just shake my head....when I know much better ways...but dont want to be overbearing or be the "know it all". If they ask thats different and I am always willing to share what I've learned.

[Guppy]

Grind the trash ! ?
Hell of an idea….
Good read Bob….

and slow down before you stop please…..

[Rmarsh]

Originally Posted by Guppy

Grind the trash ! ?
Hell of an idea….
Good read Bob….

and slow down before you stop please…..

Thanks Ray....yeah the grinder.....we're trying something new......the 30 yard dumpsters can fill up in a matter of hours around here....helped along by private donations.

[Rmarsh]

With the recent rise in interest rates and historic inflation....we are expecting a big drop off in our new home sales. Not a concern for me personally as I am planning on working less....not retiring......just cutting back on work and spend more time doing what I like.

Besides when we are not building homes we have lots of commercial properties that need retrofitting. Never been laid off or out of work since I started in the trade.

In June of next year, it will be fifty years that I have been building homes.... looking forward to that milestone as a finish line, after which I will defer my responsibilities to the youngsters.