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Oct 2, 2022
10:52
:51
pm
Idacoug
Truly Addicted User
We were going to start out build in June. Had to finally stop. We already put
A road and got well drilled.
We are thinking 18 months minimum.
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Idacoug
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Idacoug
Joined
Mar 30, 2001
Last login
Apr 26, 2024
Total posts
53,598 (353 FO)
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Messages
Author
Time
Monthly mortgage payment for median home price up 50% over the last year
SierraCoug
All-American
10/2/22 10:12pm
Quite a few people will not be moving anytime soon ...
IBe_WhyYou
10/2/22 10:17pm
Spring 2023 at earliest probably.
BlooCoog
10/2/22 10:26pm
Restricts supply of homes, raises prices. Who wants to drop a 3% rate for a 7%?
roseyscenario
10/3/22 12:55pm
We are a month away from finishing our new build. Inflation, high rates,...
Leonardo
10/2/22 10:33pm
What has building been like the past 6 months? We had thought about starting a
BlooCoog
10/2/22 10:36pm
Inflation wasn't so big when we started in January.
Leonardo
10/2/22 10:50pm
Thanks for the info. Sounds like it has been rough. Your story lines up mostly
BlooCoog
10/2/22 11:13pm
We're on the tail end of it. New starts are cratering, so supplies and labor
TailgateU
10/3/22 4:36pm
We were going to start out build in June. Had to finally stop. We already put
Idacoug
10/2/22 10:52pm
So you still need to lock on a loan for your new house? Sorry to hear that.
garyfan
10/2/22 11:06pm
I don’t think we could have done that because our builder does it cost plus.
Leonardo
10/2/22 11:13pm
when did you lock your rate? What rate did you get?
bdizzle
10/2/22 11:32pm
I haven’t yet. That’s a big part of the anxiety.
Leonardo
10/3/22 7:08am
You should definitely lock asap. There’s no upfront cost to locking and you can
bdizzle
10/3/22 2:43pm
I'm so sorry, man. I really, really hope it works out.
YSMACK
10/3/22 12:26am
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