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Sep 28, 2022
9:37
:57
am
compcoug
All-American
The increase in regulation and government costs have made starter homes
a less profitable option. Either jam in as many units as possible via the townhome option or go large and put in the biggest home on the equivalent land to maximize the profit.
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compcoug
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compcoug
Joined
Dec 6, 2002
Last login
Jun 10, 2024
Total posts
3,230 (11 FO)
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Messages
Author
Time
A 4% increase in mortgage rates (e.g., 3% to 7%) would require a 36-37% drop in
garyfan
9/28/22 9:16am
I'm curious when builders will start building smaller homes. It's shocking that
dYrtbYkerYder
9/28/22 9:18am
Extremely frustrating, but I get it - why build a starter home
wannnacruise
9/28/22 9:29am
Townhomes are the new starter home. And with association fees, some people are
fredgarvin
9/28/22 9:31am
The increase in regulation and government costs have made starter homes
compcoug
9/28/22 9:37am
Blame Regulations. When you have to spend $100k in fees before you put a shovel
Iman23
9/28/22 9:43am
Land is too much, plus permitting etc. as others said, condos/townhomes will the
BNcoug
9/28/22 9:45am
I got my home 9 months ago at 2.5 %. It would have to be 180K less for the same
cougaman
9/28/22 9:18am
I am moving for a new job. We wanted to buy a home by fall 2023. Not sure what
NumbersGuy
9/28/22 9:19am
Moving for a new job these days means it had better be for a massive raise.
dYrtbYkerYder
9/28/22 9:21am
Unless you are making a bunch of the sale of a home, which many still are.
CrimsonCoug81
9/28/22 9:24am
Problem is you are selling a home with a much lower interest rate so the home
cougaman
9/28/22 9:29am
I will effectively quadruple my salary, so it's worth it.
NumbersGuy
9/29/22 3:07pm
Yes, it won’t equal out. Housing will simply be more expensive until rates come
BlooCoog
9/28/22 9:27am
Sure prices haven't dropped that far yet but homes are still sitting longer
rad dawg
9/28/22 9:28am
The homes in my neighborhood are not moving.
TheHop
9/28/22 9:31am
Hearing that a lot.
rad dawg
9/28/22 9:41am
Yeah, prices are definitely down and houses are definitely sitting longer.
garyfan
9/28/22 9:40am
Lots of houses in my area of CO sitting for a month or more, even after price
303coug
9/28/22 9:42am
Unless there is a huge increase in the # of homes hitting the market you will
Gente_Boa
9/28/22 10:12am
Agree for the most part. Some people will need to sell and it is a terrible tim
johnnybyu
9/28/22 10:24am
I wish I could share that optimism and yes I think its optimistic
rad dawg
9/28/22 10:49am
It’s absolutely going to be challenging. I see All nonessential assets plunging
johnnybyu
9/28/22 11:45am
Demand should stay somewhat strong since many will buy with intention to simply
bluebrotha
9/28/22 10:38am
I don't think demand will stay strong because people can't qualify. I do think
johnnybyu
9/28/22 10:46am
We can just collect aluminum cans to save money, just start there
Alpi Gusto
9/28/22 10:25am
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