Real Estate Crash thread

[Timberridge]

If only there was a local source of timber in your area....

Yes, you rang?

But seriously. In areas where timber was scarce--like in the Plains during the pioneer days--they used sod. Maybe its time to consider building with other materials.

[AdironRider]

Those pesky code regulations tend to be limiting in terms of options.

[Conundrum]

A buddy is building a place and builder ordered all materials at the start 3 months ago before dirt work started. My buddy was just told he was lucky and there is now a 6 mo delay on trusses but his are on the way. Northern MT for his house.

[Bobby Stainless]

I know, and most people here dismiss it because they're the ones driving this bullshit.

Lol.

Come to a all white ski forum and think otherwise?

Please.

[babybear]

I think lumber is up more like +150% from precovid. I think they've now come down 40% or so from the top but still out of control
One of the homebuilders I spk with said the cost of lumber is adding an ave of $16k more in material costs per home right now

[Toadman]

Past couple of weeks lumber futures have tanked. The high wasn't demand driven like most assume. It was a temporary lack of supply due to COVID. They are still higher than 2019 levels but coming down quick.

I hope that trend continues. Seems like as winter comes, home construction will taper off, and the building supply chain will normalize. Unless of course the COVID/Flu tsunami hits, and then who knows?

[Toadman]

Yes, you rang?

But seriously. In areas where timber was scarce--like in the Plains during the pioneer days--they used sod. Maybe its time to consider building with other materials.

Bricks made with straw and mud. Time to get old school!

[glademaster]

Un-reinforced masonry is definitely the building material of choice for such seismically stable areas as the PNW and California.

[XXX-er]

Bricks made with straw and mud. Time to get old school!

fuck yeah ! I washed all the dishes in the automagic DW by hand, tomorrow I go out and beat clothing on a rock

[m2711c]

Un-reinforced masonry is definitely the building material of choice for such seismically stable areas as the PNW and California.

that's whats the straw is for..... reinforcement.

[shroom]

buddy of mine was a lumber trader in Vancover, he told me about buying a truck load just out of Coos bay in Oregon , pays to truck it to Williams lake BC, it sits for 2 months, the market turns around he sells it to a guy in oregon 25 miles from where it was milled which sounds like a huge waste but the customer got his product, my buddy made his % ... everyone was happy

told me about buying a truckload on one phone line and selling it to a guy on the the other phone line

i thought the american dream was to add no value and take what’s mine off the top

[AdironRider]

That's the entire world's modern economy at this point.

[jackstraw]

I think lumber is up more like +150% from precovid. I think they've now come down 40% or so from the top but still out of control
One of the homebuilders I spk with said the cost of lumber is adding an ave of $16k more in material costs per home right now

Supply chain issues are a big issue for all trades right now. All costs are skyrocketing.

What a fucked up world.

[4matic]

My zip has gone from 0-2 active listings in August to 15 right now. I extended close to Oct 9 hoping it doesn’t crumble. Buyers seem motivated

[lifelinksplit]

I didnt look into it but saw something that said median home price in Bozeman jumped 88k in 1(!!) month.

Even the small town I moved to has been seeing crazy amounts of building and nothing is staying on the market for long. If I had any cash I'd be buying land outta town with trees and water. Then get a chainsaw mill and start cutting lumber to build while hoping my current property kept going up in value.

[dunfree]

I think lumber is up more like +150% from precovid. I think they've now come down 40% or so from the top but still out of control
One of the homebuilders I spk with said the cost of lumber is adding an ave of $16k more in material costs per home right now

what lumber, where? Cme trades, I think, still

Primarily, the deliverable species is Western Spruce- Pine-Fir, although other Western species also may be delivered: Hem-Fir, Engelmann Spruce and Lodgepole Pine. Mills must be located in the states of Oregon, Washington, Idaho, Wyoming, Montana, Nevada or California, or the Canadian provinces of British Columbia or Alberta.

theres a fair bit of production from the southern US now for softwood building lumber.

Hardwood lumber isn’t up much, imported exotics are weird, high quality softwoods are flat to down in price.

not a timber person, but a value adding purchaser

[glademaster]

And out here there's currently a 6-8 week wait to get trusses delivered. Going to be a lot of houses that get "dried in" while they're still awfully moist inside this year.

[Conundrum]

Apparently if you have an old house in an expensive (relative to the town) neighborhood, vultures apparently think you’re destitute. I have said “put me on your no call list” seven times in four days. My roboblocker isn’t catching these because they are real local people calling.

[CascadeLuke]

Was just walking the dog and noticed this place that closed last month had it’s cabinets go bad or something. For 1.4M and 14 years old - I’d be pissed

Live in a mixed age neighborhood, I’m on the bottom fyi.

[Mazderati]

...I’m on the bottom fyi.

NTTIAWWT

[Benny Profane]

Was just walking the dog and noticed this place that closed last month had it’s cabinets go bad or something. For 1.4M and 14 years old - I’d be pissed

Live in a mixed age neighborhood, I’m on the bottom fyi.

Holy shit that's an architectural nightmare.

[CascadeLuke]

This is the mid 2000 boom house here. 3,000 sqft and needs update because it was espresso wood and the stone is outdated. I kinda get it. Who’s going to tell them the windows are next.?
House probably originally went for 820k in ‘06 then down to about 700k (if someone was selling in that spot at bottom) from a high of 920k on that run. To now doubled in 8-9 years. But another 80k now to make it tits I guess

[MakersTeleMark]

They definitely have a bitch in the house, judging from the lawn of course.

[ötzi]

Holy shit that's an architectural nightmare.

It's just about maximizing square footage with setbacks I bet, it's more engineering than architecture.

[CascadeLuke]

They definitely have a bitch in the house, judging from the lawn of course.

No one moved in yet. Straight to update construction but the yard was dialed in before placed on market. I’ll update if she’s spicy
Nahh not going out like that