It's pretty easy when you don't provide or require any infrastructure.
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It's pretty easy when you don't provide or require any infrastructure.
Remember when it got cold down there and everything flooded? Like a few years ago? just a data point.Quote:
Originally Posted by RoooR
Lennar huge miss. Homebuilders getting crushed. How analysts miss this so bad tells you something about how corrupt they are.
Property taxes are massive income for TX - so localities making it easy to build is no surprise.
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Half licensed realtors didn’t sell a house this year
The Homebuilders squeeze every once out of quarterly growth numbers until the clock runs out, execs get paid for short term gain then shareholders get stuck with the cleanup. Happens every time and the “analysts” are complicit.
[url]https://www.salary.com/Jonathan-M-Jaffe-Salary-Bonus-Stock-Options-for-LENNAR-CORP.html
Christmas Eve 30y bond rate:
2024: 4.8%*
2023: 4.0%
2022: 3.8%
2021: 1.9%
2020: 1.6%
2019: 2.3%
2018: 3.0%
2017: 2.8%
2016: 3.1%
2015: 3.0%
2014: 2.7%
Delete
these just got built near me. No long or short term renting. Price looks ok to me.
https://www.zillow.com/homedetails/1...43188122_zpid/
Big nope
180k seems reasonable
And what's w the double decker single wide? Maybe just a regular old double wide?
Oh wait more roof more foundation less profit
Mortgage rates going the other way. I don't really see them coming down much in 2025 either.
https://finance.yahoo.com/news/avera...170139417.html
Quote:
The average rate on a 30-year mortgage in the U.S. rose for the second week in a row to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans.
The rate rose to 6.85% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate on a 30-year mortgage averaged 6.61%.
Fake housing wealth concentrated in geezers:
55% of all homeowners are over the age of 55 now
if corporate greed and the people with money can squeeze they will squeezeQuote:
Originally Posted by Toadman
as long as interest rates come down for the stock market and for the rich to loan each other money it'll be ok
but don't count on that trickle down economics
banks gotta bank
investors got to invest
Shitty new home construction in TX: https://www.instagram.com/reel/DEHCm...c4MTIwNjQ2YQ==
If you’re not following @toolsbydesign, I recommend it. Hilarious shit.
I’ll huff and I’ll puff. Aaaand…Quote:
Originally Posted by frorider
WTF? A gust of wind and that thing is going to have holes in it.Quote:
Originally Posted by frorider
Imagine how fantastic the R values are going to be…(for AC)
Caveat emptor! Ain't capitalism grand? :rolleyes:Quote:
Originally Posted by frorider
Doesn't code require sheathing?Quote:
Originally Posted by skaredshtles
Still dog shit but...that LP SmartSide is OSB so it doesn't suprise me that it plus the let in 1x4 rack bracing meeting the engineering requirements. Plywood or OSB sheathing is a relatively new tech.
i'm a big fan of smartisding. bomber product and easy to install, shame it's lumped into this.
but yeah, zip sheething or gtfo.
Not according to the description in that clip, but I'm no Texan home builder.Quote:
Originally Posted by dan_pdx
there's like a 1x4 inlayed diagonally on the exterior framing which I think gives it the sheer strength which may be code in tx idk.Quote:
Originally Posted by skaredshtles
All I see is a bunch of interior bracing. And I'm sure they will flash/seal those openings correctly. That's fucking wild if that is code. I mean tar paper and siding is how they did it 100 years ago but at least the siding was 3/4 instead of thin LP.Quote:
Originally Posted by NBABUCKS1
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Don't make code what it isn't.
It's neither a list of best practices nor does being built to code ensure it is not a piece of shit.
I'm guessing that is a production home and and production home builder probably worked with the permiting municipality to get it approved.
On the flip side of that video are the over the top codes around here- it makes it very difficult to build anything even semi-affordable
That Texass clip is amazing. So I could just punch through the exterior wall? That cannot be IBC compliant!
Are you talking about minimum design standards that mountain towns often have? Or has your local adopted ordinance that has higher code requirements than the IRC/IBC?Quote:
Originally Posted by goldenboy
*IRC*, and yes, let in bracing is allowable.Quote:
Originally Posted by The SnowShow
Haven’t y’all heard of structural tar paper?
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In case anyone's still thinking about buying abroad...
https://www.youtube.com/watch?v=d2eomFAYjug
https://www.aplaceinthesun.com
I'm sorry, I just saw boobs.Quote:
Originally Posted by fomofo
Broad in the beam, too...
Yes and yes. It really doesn't matter if the house is objectively better if it drives the build cost above $500/sq. ft. "Affordable Housing" is something the tax payers subsidize so the Puffy Coat Mafia can keep on keeping on and get to happy hour by 3pm. The permitting municipalities don't have a vested interest in broadscale affordability as it competed with their subsidized product and reduces assessed values.Quote:
Originally Posted by zion zig zag
Energy Codes with little to no energy savings
Prohibition of cheap Natural Gas in favor of Electric Everything
No wood burning
A development process that requires an HOA because of open space requirements. HOA DRCs then enforce things like square foot minimums and expensive roof design
The list goes on
There's a shocker! :rolleyes:Quote:
Originally Posted by J. Barron DeJong
Yeah, but just wait till they all sit vacant because they don’t have enough parking to accommodate all possible future needs.Quote:
Originally Posted by skaredshtles