It is a great time to build a home (and sell). Bad time to buy.

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Jan 13, 2022
4:28:21pm

YSMACK All-American

Because there is a severe housing shortage and it won't be corrected for years.

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YSMACK

Bio page: YSMACK
Joined: Oct 29, 2001
Last login: May 6, 2024
Total posts: 51,969 (3,163 FO)

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Messages

Author

Time

Can folks involved in the building of new homes speak to what a horrible

Ten_Hour_Drives

1/13/22 4:20pm

Who knows people have been telling me the we are at the peak since 2015

cougarfann888

1/13/22 4:22pm

We are at least 4 years away from correction on the shortage.

YSMACK

1/13/22 4:29pm

<< Deleted >>

pinolero

1/13/22 4:22pm

We just canceled our new home for those reasons. I think the supply shortage get

panacablue

1/13/22 4:23pm

Don’t do it unless you have any additional 30% flexibility in your budget

BlackBart

1/13/22 4:24pm

We finished building custom just over two years ago

BlackBart

1/13/22 4:27pm

That is some good timing

Skeptical Optimist

1/13/22 4:32pm

Great time to be a materials producer though.

ReyOso

1/13/22 4:24pm

It is a great time to build a home (and sell). Bad time to buy.

YSMACK

1/13/22 4:28pm

I mean if you want to weight 5 years, then sure.

YSMACK

1/13/22 4:28pm

Interest rates likely to be higher in 2-3 years.

nushiof

1/13/22 4:32pm

It depends on what you're trying to do by build.

The Godfather

1/13/22 4:32pm

Hard disagree. I made almost 500k In equity on mine from the time I signed

Adwight

1/13/22 4:33pm

Except no one is locking in firm prices anymore for that very reason 🙂

BYUFootballisBack

1/13/22 4:36pm

Interest rates will be more important in the long run. They're going up. So

jmorrrrr

1/13/22 4:48pm

Oh and like someone else has mentioned, you'll likely go over budget. Plan on

jmorrrrr

1/13/22 4:49pm

I don’t see prices going down in 2-3 years

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