Real Estate Crash thread

**El Chupacabra** · 10-07-2021, 11:23 AM

Originally Posted by Danno

There are no riparian rights, but if we're talking riparian system, that's an entirely different discussion.

Benny the local says there are riparian rights, and they are in jeopardy due to the west not being Connecticut or something...

**Name Redacted** · 10-07-2021, 11:32 AM

Originally Posted by El Chupacabra

Benny the local says there are riparian rights, and they are in jeopardy due to the west not being Connecticut or something...

Only John Wesley Powell himself could contend with Bunny’s knowledge of the Colorado river.

**Danno** · 10-07-2021, 11:43 AM

Originally Posted by Name Redacted

Only John Wesley Powell himself could contend with Bunny’s knowledge of the Colorado river.

Benny has done his research.

**El Chupacabra** · 10-07-2021, 12:11 PM

Originally Posted by Name Redacted

Only John Wesley Powell himself could contend with Bunny’s knowledge of the Colorado river.

Originally Posted by Danno

Benny has done his research.

Benny could beat that Powell guy with one arm tied behind his back.

**Benny Profane** · 10-07-2021, 01:05 PM

What the fuck are you girls going on about?

**Core Shot** · 10-07-2021, 02:23 PM

Peaceful waters
Bro

**dunfree** · 10-07-2021, 02:31 PM

Originally Posted by Benny Profane

What the fuck are you girls going on about?

Flirting via negging, it’s an incel thing

**Toadman** · 10-07-2021, 05:22 PM

Cost of lumber going up. Speculators smell profits.

Harry should log that island if there's any decent timber or hardwood to be harvested.

**ghosthop** · 10-07-2021, 08:25 PM

Originally Posted by Toadman

Cost of lumber going up.

Quick google. I would love to be schooled on this.

Lumber is accepted to be between $350-$500 per thousand board feet. Futures are currently trading around $650 for Jan., 2022. There was a low about $270 in 2015.

Trump set Canadian lumber tariffs to 20% in 2017. The price of lumber went up to $670. This was reversed Dec. 1, 2020 to 9%. There is now talk of 9% --> 18% and futures are back at a price comparable to where they were under Trump's tariffs. 30% increase of the high $500 is $650, I don't trade anything but that looks like they're pricing in a 10% profit.

Is it more complicated than that? Greater exposure to wildfires or increased demand this fall from projects put off in the spring? Evergrande not going to pay its bills to mills in NA?

**rideit** · 10-07-2021, 09:38 PM

Originally Posted by Toadman

Cost of lumber going up. Speculators smell profits.

Harry should log that island if there's any decent timber or hardwood to be harvested.

Yeah, I’m totally sure that’s what he pictured. “Yay, I have a little money, would you look at that clear cut!”

**skiballs** · 10-07-2021, 09:43 PM

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**liv2ski** · 10-07-2021, 09:44 PM

Logging an island you have loved since childhood...I sure the fuck hope not.

**neufox47** · 10-07-2021, 10:07 PM

$0 profit in logging a 7 acre island. That said and as Harry pointed out, this island probably needs 3 of every 4 trees cut down.

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**klauss** · 10-07-2021, 10:19 PM

Lot of parking spaces would fit on 7 acres. Clear cut, pave, you do the math

**rideit** · 10-07-2021, 10:41 PM

Maybe make it an IMAX theatre or something?

**Benny Profane** · 10-07-2021, 11:17 PM

Originally Posted by klauss

Lot of parking spaces would fit on 7 acres. Clear cut, pave, you do the math

Somewhere on a Vail Inc. computer, that exists with profit projections.

**Core Shot** · 10-08-2021, 05:59 AM

I sure hope Harry puts them in a tree museum

Charge a dollar and a half just to see ‘em

**Benny Profane** · 10-08-2021, 06:48 AM

Fear of rising rates.

https://awealthofcommonsense.com/202...-unaffordable/

**skifishbum** · 10-08-2021, 07:04 AM

Originally Posted by Name Redacted

Only John Wesley Powell himself could contend with Bunny’s knowledge of the Colorado river.

of course we wont be needing or inviting the bun buns on our grand '24 permit, ladore or any others

harrys island needs sup to glamping

**Harry** · 10-08-2021, 07:12 AM

Originally Posted by Benny Profane

Fear of rising rates.

https://awealthofcommonsense.com/202...-unaffordable/

I love that chart/graph/whatev, look at 2009 and 2021, the years I bought and sold my Big Sky place. Living the dream.

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**detrusor** · 10-08-2021, 07:28 AM

I’m with ya Harry. Bought in Park City in 2008…. Haven’t sold though

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**Benny Profane** · 10-08-2021, 07:36 AM

Originally Posted by skifishbum

of course we wont be needing or inviting the bun buns on our grand '24 permit, ladore or any others

harrys island needs sup to glamping

Jezuz, for anyone who has read about that expedition, I would hardly think it was ecstasy, of all things. Tell that to the guys who were so fed up they said fuck it, we're out of here, climbed all the way to the north side, and got massacred by Mormons.

**old_newguy** · 10-08-2021, 07:38 AM

Originally Posted by Benny Profane

Fear of rising rates.

https://awealthofcommonsense.com/202...-unaffordable/

Can someone explain to me why using median income versus median sales price is a good measure? I’m probably living in a bubble but the people I know buying houses do not have median incomes.

It appears to me that what would be relevant is the median income of purchasers versus sales price. I suspect the chart would look very different at the 2008 and 2021 peaks, with far more people with lower incomes purchasing homes in 2008.