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  1. #13976
    Join Date
    Dec 2016
    Location
    In a van... down by the river
    Posts
    7,136
    Quote Originally Posted by altasnob View Post
    Mullet house. Cottage in front, modern in back:

    https://www.zillow.com/homedetails/1...NaWldMvPKDJeck
    Wait...

    A 2500 sq ft pad in North Carolina going for 3/4 of a mil?

    Shit really has gone sideways...

  2. #13977
    Join Date
    Aug 2020
    Posts
    398
    Looking at a place that has a pump to move sewage uphill to the mainline. Anything I should look for with these systems? Appears to have been updated since the house was built and has a wired in alarm. Is there routine maintenance or do you just let it run until the pump dies?

    Also has a RAMJack installed foundation repair consisting of steel piles at intervals on the downhill side of the house and at least one helical tie back. Anyone ever work or deal with them? The repair is less than 5 years old. Was engineered, permitted and has a transferable warranty. Any clue if they engineer for earthquake loads?

  3. #13978
    Join Date
    Dec 2005
    Location
    Posts
    13,292
    ^ Seriously? You want shit to roll uphill? I could have totally used something like that back in my working days.

  4. #13979
    Join Date
    Dec 2005
    Location
    Central OR
    Posts
    5,604
    I had a pump to move sewage to a septic system uphill. Just be sure to keep the pump chamber clean; fat will build up, like globs of lard, and clog things up. Doesn’t damage the pump, but blocks the float switch just enough for things to stop working.

  5. #13980
    Join Date
    Jan 2010
    Location
    2 hours from anything
    Posts
    8,790
    Quote Originally Posted by AdironRider View Post
    Average CA pension for a teacher is almost 80k. Thats a 2 million value.

    Average support govt person pension in CA, 68k, thats a 1.7 million value.

    That is a couple hundred thousand people. Not exact statistical outliers.

    Nevermind you made the example, and are now trying to use median numbers, which include plenty of people who don't make shit on their pensions because they only worked 5 years and barely vested. That wasn't the example you started with, but are now moving goal posts. But lets go ahead and use the federal median number of 38k. Guess what that is worth? Oh right a million fucking dollars.
    Aren’t you an accountant? You can’t do a basic PV calculation? Your valuation method would get thrown out of court in 2 seconds. For a $38k pension to be worth $1m you’d have to assume a payout period of 40 years and an interest rate of 2%.

  6. #13981
    Join Date
    Oct 2002
    Location
    my own little world
    Posts
    3,290

    Real Estate Crash thread

    Quote Originally Posted by old_newguy View Post
    Looking at a place that has a pump to move sewage uphill to the mainline. Anything I should look for with these systems? Appears to have been updated since the house was built and has a wired in alarm. Is there routine maintenance or do you just let it run until the pump dies?

    Lived in a place like that for a while. “Flushable” wipes and other random crap can clog the ejector pump and make for a particularly unpleasant evening. With ours, the vent pipe in the hole was just a few inches above the level set by the pump, so bubbling toilets was a sure sign that something was amiss.

    Have a spare pump on hand, don’t buy the cheap one, make sure the hole level is alarmed, and beware toddlers.
    focus.

  7. #13982
    Join Date
    Dec 2016
    Location
    In a van... down by the river
    Posts
    7,136
    Quote Originally Posted by Mustonen View Post
    Lived in a place like that for a while. “Flushable” wipes
    Whoever marketed those things as "flushable" needs to get a swift kick to the crotch, and a dump truck full of shitty wipes dumped over their head.

  8. #13983
    Join Date
    Dec 2010
    Posts
    3,525
    Quote Originally Posted by skaredshtles View Post
    Whoever marketed those things as "flushable" needs to get a swift kick to the crotch, and a dump truck full of shitty wipes dumped over their head.
    Profits over long term problems. Capitalism 101

  9. #13984
    Join Date
    Sep 2006
    Posts
    5,469
    Lumber futures going in the right direction for once. See how long that lasts. Maybe some Canukistanian softwood sans tariffs would help.

    https://nahbnow.com/2021/05/lawmaker...757.1621269339

    U.S. Trade Representative Katherine Tai told Senate lawmakers that she would “push for solutions to the lumber pricing issues” and address the issue of tariffs on Canadian softwood lumber imports into the United States during a May 12 Senate Finance Committee hearing on President Biden’s 2021 trade policy agenda.

    Tai reiterated her willingness to act on this issue 24 hours later during a House hearing in which four bipartisan lawmakers spoke about the need to seek remedies for rising lumber prices by boosting production and ending tariffs on Canadian lumber imports into the United States.

    During the House hearing, Rep. Kevin Hern (R-Okla.) submitted a statement of record from NAHB where we stated that “resolving the long-running dispute with Canada over the trade in softwood lumber and addressing the steel and aluminum tariffs must be a top priority of Congress and the Administration. Building safe, decent and affordable housing depends in large part upon a stable and affordable supply of building materials.”

    Separately, Sen. Jerry Moran (R-Kan.) delivered a Senate floor statement on lumber on May 11 where he cited NAHB statistics on how rising lumber prices have added nearly $36,000 to the price of a new home and a $13,000 increase in the market value of a multifamily unit. Moran called for the elimination of lumber tariffs and to “boost the domestic types of the types of lumber used in home construction.”

    Finally, Sens. Moran and Jeanne Shaheen (D-N.H.) sent a joint letter to Tai this week stating that “the complete elimination of these [lumber] tariffs is necessary to provide relief from rising lumber prices. American home buyers, not Canadian lumber producers, are the ones who end up paying the cost of these trade restrictions.”
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  10. #13985
    Join Date
    Apr 2013
    Posts
    118
    Quote Originally Posted by old_newguy View Post
    Looking at a place that has a pump to move sewage uphill to the mainline. Anything I should look for with these systems? Appears to have been updated since the house was built and has a wired in alarm. Is there routine maintenance or do you just let it run until the pump dies?

    Also has a RAMJack installed foundation repair consisting of steel piles at intervals on the downhill side of the house and at least one helical tie back. Anyone ever work or deal with them? The repair is less than 5 years old. Was engineered, permitted and has a transferable warranty. Any clue if they engineer for earthquake loads?
    Recently retrofitted foundations should be engineered for EQ loads. That is the code allows 30% increase in bearing pressure during earthquakes. I was involved in some neat research testing helicals in liquifaction scenarios, they work great if you get them into non liquifiable soil (go figure). Not typically used for tiebacks in my area, but I don't see why it wouldn't work.

    Whether or not the building itself was designed/built with earthquakes in mind is dependant on the year built and where.

    Sent from my 5007Z using Tapatalk

  11. #13986
    Join Date
    Jan 2009
    Posts
    1,310
    Quote Originally Posted by Toadman View Post
    Lumber futures going in the right direction for once. See how long that lasts. Maybe some Canukistanian softwood sans tariffs would help.

    https://nahbnow.com/2021/05/lawmaker...757.1621269339
    Hope that doesn't happen. SPF is in short supply up here too, we need as much as we can get. At this point with supply not able to keep up with demand I don't think loosening tariffs is going to make a difference.

  12. #13987
    Join Date
    Sep 2010
    Location
    Tejas
    Posts
    7,776
    Met a guy this weekend who's building a modest house and he said the builder's switching thing up to insulated concrete panels and steel structure roof because it's literally cheaper than plain lumber these days and easier to procure. I mean, dude's gonna end up with a REALLY well built house because of it, but that kind of blew my mind.

  13. #13988
    Join Date
    Aug 2006
    Posts
    6,897
    https://www.census.gov/construction/...ewresconst.pdf

    Housing starts are in the toilet. Current stock is going to see even higher prices this summer. The wave continues.
    Live Free or Die

  14. #13989
    Join Date
    Sep 2006
    Posts
    5,469
    Quote Originally Posted by paulster2626 View Post
    Hope that doesn't happen. SPF is in short supply up here too, we need as much as we can get. At this point with supply not able to keep up with demand I don't think loosening tariffs is going to make a difference.
    Even just the rumors of a trade deal and removal of tariffs on Canadian lumber would probably cause a 10% decrease in lumber prices. So with the current lumber futures trading at $1250, that's a pretty big decrease.

    Just talked with a builder this weekend, and one of the bigger home builders here in Central Oregon just put a pause on new home construction. They build middle of the range homes, so they must feel that they can't pump up the price buy $36k-$50k on a $400k-$650k house and make money. Or, probably also a PITA to source the materials on a consistent basis to keep the crews busy. I hear stories of 3-4 week delays from once the foundation is poured to getting the framing material. Same goes for interior work, electrical to painting.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  15. #13990
    Join Date
    Mar 2008
    Location
    northern BC
    Posts
    23,813
    a neighbor building a house in fall and recently finishing told me at somepoint ply wood was cheaper than OSB cuz the OSB was the newest price and the plywood was an old price

    locally every lot in the subdivision is sold, every builder is busy, every listing in the RE office window has a sold sticker on it
    Lee Lau - xxx-er is the laziest Asian canuck I know

  16. #13991
    Join Date
    Sep 2006
    Posts
    5,469
    Quote Originally Posted by XXX-er View Post
    a neighbor building a house in fall and recently finishing told me at somepoint ply wood was cheaper than OSB cuz the OSB was the newest price and the plywood was an old price

    locally every lot in the subdivision is sold, every builder is busy, every listing in the RE office window has a sold sticker on it
    Yep, the builder I talked with over the weekend said the same thing. Said it was just bonkers on OSB. Hardwood flooring and cabinetry hasn't taken quite the same hit. But talking with an individual back East who knows some of the mills that produce hard woods has mentioned issues sourcing ash and oak. Probably a combo of lack of labor to log and transport the cut logs to the mills. Watched a video interview of some lumber commodities trader saying that there is a real reluctance for companies in the milling and logging industry to add capacity as they see the current surge in lumber pricing as temporary and don't want to spend the capital for a short term gain.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  17. #13992
    Join Date
    Mar 2006
    Location
    Beaverton, OR
    Posts
    705
    Closed for $150,000 over asking - 3 weeks later its back up for sale for another $179,000 higher than that:

    https://www.zillow.com/homedetails/6...0885189_zpid/?

  18. #13993
    Join Date
    Mar 2006
    Posts
    17,429
    Quote Originally Posted by sirbumpsalot View Post
    Closed for $150,000 over asking - 3 weeks later its back up for sale for another $179,000 higher than that:

    https://www.zillow.com/homedetails/6...0885189_zpid/?
    Good example of how phony the Zestimate price is.

  19. #13994
    Join Date
    Aug 2016
    Posts
    2,969
    Quote Originally Posted by Toadman View Post
    Yep, the builder I talked with over the weekend said the same thing. Said it was just bonkers on OSB. Hardwood flooring and cabinetry hasn't taken quite the same hit. But talking with an individual back East who knows some of the mills that produce hard woods has mentioned issues sourcing ash and oak. Probably a combo of lack of labor to log and transport the cut logs to the mills. Watched a video interview of some lumber commodities trader saying that there is a real reluctance for companies in the milling and logging industry to add capacity as they see the current surge in lumber pricing as temporary and don't want to spend the capital for a short term gain.
    ash? Ash is the cheapest hardwood in the upper Midwest at the moment because The EAB is in the process of decimating it.

  20. #13995
    Join Date
    Dec 2016
    Posts
    2,110
    I live in a mixed age neighborhood where the builders are going ape - writing bonafide offers on anything that appears to be a land value type place. Lots average 10,000’ and only allow for a scrape, no subdivision due to CCR overlays. My house is next door to my FIL and he’s been getting consistent offers from Murray Franklin because the guy on the other side of him sold (pictured). Builder wants to tag team and give supportive curb appeal. Finished homes selling for 2.25-2.5MM depending on how many sqft the city allows them to build. FILs current offer is 985k. He’ll never sell.

    I spent 200k less a year ago and my place is designed by a locally famous MCM builder and way more desirable. Crazy to think I almost walked last March when I thought the world was melting down — listing to bunny. Click image for larger version. 

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  21. #13996
    Join Date
    Oct 2018
    Posts
    235
    Quote Originally Posted by XXX-er View Post
    a neighbor building a house in fall and recently finishing told me at somepoint ply wood was cheaper than OSB cuz the OSB was the newest price and the plywood was an old price
    Yeah, I noticed that all the shitty condos going up around me were using plywood and figured that had to be the case. Rational markets indeed.

  22. #13997
    Join Date
    Oct 2011
    Location
    Aspen
    Posts
    1,469
    Quote Originally Posted by sirbumpsalot View Post
    Closed for $150,000 over asking - 3 weeks later its back up for sale for another $179,000 higher than that:

    https://www.zillow.com/homedetails/6...0885189_zpid/?
    Crazy crazy crazy... But where's the part about the free Prowler and Growler flyovers?

    "BEAUTIFULLY UPDATED WATERFRONT RETREAT! Amazing Sunsets, Beach Combing, Crabbing, Clamming, Oysters, Mussels & Fishing on your private tideland beach!"

  23. #13998
    Join Date
    Mar 2008
    Location
    the ham
    Posts
    9,573
    Quote Originally Posted by sirbumpsalot View Post
    Closed for $150,000 over asking - 3 weeks later its back up for sale for another $179,000 higher than that:

    https://www.zillow.com/homedetails/6...0885189_zpid/?
    People used to live in those waterfront houses on Camano and Whidbey. Now it's all about the Airbnb/vrbo cash flow.

  24. #13999
    Join Date
    Sep 2006
    Posts
    5,469
    Quote Originally Posted by CascadeLuke View Post
    I live in a mixed age neighborhood where the builders are going ape - writing bonafide offers on anything that appears to be a land value type place. Lots average 10,000’ and only allow for a scrape, no subdivision due to CCR overlays. My house is next door to my FIL and he’s been getting consistent offers from Murray Franklin because the guy on the other side of him sold (pictured). Builder wants to tag team and give supportive curb appeal. Finished homes selling for 2.25-2.5MM depending on how many sqft the city allows them to build. FILs current offer is 985k. He’ll never sell.

    I spent 200k less a year ago and my place is designed by a locally famous MCM builder and way more desirable. Crazy to think I almost walked last March when I thought the world was melting down — listing to bunny. Click image for larger version. 

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    The problem is, where do you move after you sell? Those are some crazy price points.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  25. #14000
    Join Date
    Oct 2006
    Location
    Bellevue
    Posts
    6,217
    Bend, I've heard.

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