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Houses cost too much!

101 messages,  Last post on Jan 22, 2008 at 9:31 AM

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#62 of 101
Re: Oh woe is you... [pf_flyer] by okko1
Dec 28, 2007 (8:58 pm)
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Replying to: pf_flyer (Dec 28, 2007 8:09 pm)

i would agree that houses really don't cost a bunch more now than they did in days gone by. if you had the money then you could buy. during the depression my grandparents bought a three bedroom ranch across corner from a school for 3200 dollars. it is not likely that 60 years later we would be working for oh let's say 3 or 4 dollars a day either. it is all about your means.
#63 of 101
Re: Oh woe is you... [okko1] by Mr_Shiftright HOST
Dec 29, 2007 (8:37 am)
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Replying to: okko1 (Dec 28, 2007 8:58 pm)

I think we have to work more to buy them though. It's not as simple as adjusting for inflation. Many of our grandparents had a summer house, too, and only one parent working. Now we have two people working hard to keep one house going.
#64 of 101
Re: Oh woe is you... [Mr_Shiftright] by fintail
Dec 29, 2007 (8:40 am)
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Replying to: Mr_Shiftright (Dec 29, 2007 8:37 am)

Exactly. Houses do cost much more relative to real incomes, at least in this area.
 
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.
#65 of 101
Re: Oh woe is you... [Mr_Shiftright] by kyfdx HOST
Dec 29, 2007 (8:44 am)
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Replying to: Mr_Shiftright (Dec 29, 2007 8:37 am)

I don't think that is related to the price of the house, though (well.. maybe where you live!).
 
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? ).
#66 of 101
Re: Oh woe is you... [fintail] by Mr_Shiftright HOST
Dec 29, 2007 (9:18 am)
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Replying to: fintail (Dec 29, 2007 8:40 am)

That's because the VALUE of the house has not gone up only the price. It's the same wood, stone, dirt, etc. Perhaps improvements could account for some of the big price tag today, but really it's all about speculation inside of people's heads.
#67 of 101
Re: . [Mr_Shiftright] by tpulak
Dec 30, 2007 (8:13 am)
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Replying to: Mr_Shiftright (Dec 26, 2007 5:15 pm)

Whats going on with the prices!?? Don't worry. I have a spare room in my house. Move to Texas, and you can share my bedroom.(lol)
#68 of 101
Houses cost too little! by jipster
Dec 30, 2007 (12:44 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.
#69 of 101
Re: . [tpulak] by Mr_Shiftright HOST
Dec 31, 2007 (12:49 pm)
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Replying to: tpulak (Dec 30, 2007 8:13 am)

The prices are nuts, irrational, crazy in California. There's no relation anymore to the price vs. the substance of what you are buying. At least a $10,000 watch is built like one and a $100K car has leather, wood, and quality throughout. But a $650K house is a pile of rotten sticks.
 
What you're paying for is ground, that's it.
#70 of 101
Dropping Prices by sky23213
Dec 31, 2007 (1:29 pm)
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I remember recently a thing on one of the networks on the topic of falling prices in new developments. There was a woman in tears telling how she bought for 595K and now the builder is unloading the unsold properties on the same street for 395K.
#71 of 101
Re: . [Mr_Shiftright] by steve_ HOST
Dec 31, 2007 (2:59 pm)
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Replying to: Mr_Shiftright (Dec 31, 2007 12:49 pm)

At least a $10,000 watch is built like one
 
I dunno - I hear that a lot of the movements are the same and you are just paying for the glitter and the brand.
 
If anyone has gone to their big box store lately to buy a few sticks, that's one reason why houses cost so much. If you enjoy wood working as a hobby, I hope you have your own woodlot and a sawmill.

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