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Off Topic Chatter Houses cost too much!
101 messages, Last post on Jan 22, 2008 at 10:31 AM
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Replying to: rockylee (Dec 28, 2007 11:03 am) As was mentioned, cardboard and plywood can be workable if built properly...but I don't know if many will build properly to begin with when using low grade materials. I see a lot of 70s-80s developments in my area that are really beginning to look ragged, and it is more than cosmetic neglect - the houses were just built as cheaply as possible. |
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Sorry guys. Making poor financial decisions is a personal problem and not some conspiracy. When we built our home back in 1986 it was NOT cheap as far as we were concerned, and adjustable rate mortgages were waving their seductive charms in our face just like now. I didn't take the bait then because of what COULD happen. Are there people hurting now? Certainly. And they certainly seem to find themselves in a cleft stick of their own making. You can't budget your finanaces and want to live beyond your means? Don't cry to me when YOUR bills come due and you didn't have the foresight to plan on how you were going to pay them. We had a "woe is me" front page story here about a guy having to file bankruptcy because of the amount he has out on credit cards. He put his kid's college tuition on a credit card. And now he's surprised he's in a finacial hole and expecting someone else to bail him out or feel sorry for him? I'd love to have a plasma HDTV too. Where's the line of people who are gonna pay for that for me?
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Replying to: pf_flyer (Dec 28, 2007 9:09 pm) 
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Replying to: okko1 (Dec 28, 2007 9:58 pm)
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Replying to: Mr_Shiftright (Dec 29, 2007 9:37 am) The average 3 bedroom rambler my grandparents bought ca. 45 years ago is now worth about 30x its original price. It's not inflation, it is creative financing and speculation that creates artificial demand. It's not unlike the debt-based GDP seen here.
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Replying to: Mr_Shiftright (Dec 29, 2007 9:37 am) It is more all of the extra stuff that we need now.. For instance, when was the last time you saw a one-earner household that only owned one car? That used to be the norm when I was growing up.. My cell phone bill is around $75/mo. for three phones.... pretty cheap, but we didn't need those when I was younger, either. My wife's salary would easily pay the mortgage, utility, taxes etc. on our home, plus everything else, if we could otherwise live like we did in the '60s.. (You notice who gets to quit here, right?  ).
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Replying to: fintail (Dec 29, 2007 9:40 am) |
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Replying to: Mr_Shiftright (Dec 26, 2007 6:15 pm) 
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| New housing has dropped signifiantly this year. Market soft. Good time to move up into a bigger more expensive home. | |
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Replying to: tpulak (Dec 30, 2007 9:13 am) What you're paying for is ground, that's it.
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