Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
Lakeland is just weird and evidence of why zoning rules aren't entirely bad. If I have a half million dollar house, I don't want the possibility of a double wide moving onto my street. That, and they have this comical 4 foot privacy fence/gated community thing going on. But, their little lake is kind of nice and they have a really good fireworks show. My neighborhood is close to Lakeland.Lakeland is pretty rough
Sketchy placeLakeland is just weird and evidence of why zoning rules aren't entirely bad. If I have a half million dollar house, I don't want the possibility of a double wide moving onto my street. That, and they have this comical 4 foot privacy fence/gated community thing going on. But, their little lake is kind of nice and they have a really good fireworks show. My neighborhood is close to Lakeland.
I wouldn't hold my breath waiting for materials to come down in price. When you print 40% more dollars, the price in dollars of internationally traded commodities like plywood has to go up. Add to that the moves Biden's administration has taken to shut down some logging in forest areas and you get what we are seeing.Thanks... We just signed a rental agreement on a little house. We're going to sit on the sidelines for awhile, and look at some land to buy as material prices come down.
Rent for two years...you will basically find a house for free on a short sale.Thanks... We just signed a rental agreement on a little house. We're going to sit on the sidelines for awhile, and look at some land to buy as material prices come down.
Rent for two years...you will basically find a house for free on a short sale.
Man, you might be right but I think we are getting ready for a housing bubble burst.Real estate will be as hot in two years as it is right now. Same for used car values. We created a total cluster and I doubt gov'ts ability to even admit or recognize it, let alone fix it.
Man, you might be right but I think we are getting ready for a housing bubble burst.
I wouldn't hold my breath waiting for materials to come down in price. When you print 40% more dollars, the price in dollars of internationally traded commodities like plywood has to go up. Add to that the moves Biden's administration has taken to shut down some logging in forest areas and you get what we are seeing.
I was talking with my banker last week and he was very concerned about people taking out construction loans right now. I remember all too well when the prime interest rate eclipsed 21% due to Carter's spending. I had a state government backed first time buyer's home loan and the interest rate was over 19%. The problem is that construction loans are variable rate and you can't lock in a fixed rate until the house is done. By not buying an existing home right now you're risking being priced out of the home market if prices and inflation continue to rise. Which I think will happen.
Lumber Futures prices does not equal retail lumber prices. Go price some plywood or 2x6s. I would hope that some lenders are balking at offering construction loans right now due to what is almost sure to happen to interest rates. Even if material prices come down the odds are that there is going to have to be a precipitous rise in interest rates that would butcher anybody building a home this next year or two. This is an extremely risky time to be taking out a variable rate construction loan.Lumber Prices Post Biggest–Ever Weekly Drop With Buyers Balking
(Bloomberg) -- Lumber futures posted their biggest-ever weekly loss, extending a tumble from all-time highs reached last month as sawmills ramp up output and buyers hold off on purchases.Prices in Chicago fell 18% this week, the biggest decline for most-active futures in records going back to...finance.yahoo.com
Lumber Futures prices does not equal retail lumber prices. Go price some plywood or 2x6s. I would hope that some lenders are balking at offering construction loans right now due to what is almost sure to happen to interest rates. Even if material prices come down the odds are that there is going to have to be a precipitous rise in interest rates that would butcher anybody building a home this next year or two. This is an extremely risky time to be taking out a variable rate construction loan.
Lumber doesn't grow on trees, ya knowLumber prices dive more than 40% in June, biggest monthly drop on record
Lumber futures tanked more than 40% in June alone, suffering their worst month on record dating back to 1978.www.cnbc.com
Lumber Futures prices does not equal retail lumber prices. Go price some plywood or 2x6s. I would hope that some lenders are balking at offering construction loans right now due to what is almost sure to happen to interest rates. Even if material prices come down the odds are that there is going to have to be a precipitous rise in interest rates that would butcher anybody building a home this next year or two. This is an extremely risky time to be taking out a variable rate construction loan.
So weather ehh?Where I live the average Sales price of a home is just under $500K. No way can you find a just average built new construction home at that price. All the builders I know are starting at over $600K. That is for a 1800-2000 Sq. ft. rambler. We get a lot of retired people moving in and they want single floor living. Bigger new construction homes built just outside of town across the street from a golf course are going for $700 -$900 plus. Talking to a builder he says his lumber costs have gone up over 40 percent.
Hey anyone notice how hot we have been? Yesterday it was 117 and today it is suppose to be 111. Here in Eastern Washington we are usually hot and sunny this time of year, but more like 95-100 degrees. This weather is just plain crazy. Deer are coming out of the foothills and laying around in backyards that have shade. A hot day on the Washington coast (The Pacific beaches and not inland Seattle which is on the Puget Sound) is like 70 degrees or maybe on a rare occasion 76-78 degrees. Aberdeen, home of Kurt Cobain, was 108 the other day. Nobody even knows what AC is over there.
I live in Bennington, built new and moved in Sept 2019- taxes are ridiculous.. County valuation was price of build at $367k taxes are $11k annually.. it boggles the mind just how much Nebraskans are taxed— top 10 income as well…Try Bennington
Yikes. That's crazy.I live in Bennington, built new and moved in Sept 2019- taxes are ridiculous.. County valuation was price of build at $367k taxes are $11k annually.. it boggles the mind just how much Nebraskans are taxed— top 10 income as well…
Bennington has crazy taxes but they sort of did that on purpose to reshape what that place looked like, not sure if you remember Bennington 20 years ago but it is so nice now. Sadly, those taxes are part of the reason and lord knows they won't be going down!I live in Bennington, built new and moved in Sept 2019- taxes are ridiculous.. County valuation was price of build at $367k taxes are $11k annually.. it boggles the mind just how much Nebraskans are taxed— top 10 income as well…
The futures prices are not an accurate refection of actual retail prices. I just priced 2x6 16 footers today. They were over double what they were 6 months ago. 28.34$ for crappy Menard's lumber. LIkewise 4x8 1/2inch OSB is double what is was last fall. The folks at my local lumber yard want $37 for a 16' 2x6.Lumber prices dive more than 40% in June, biggest monthly drop on record
Lumber futures tanked more than 40% in June alone, suffering their worst month on record dating back to 1978.www.cnbc.com
Your property taxes are $11000!!!! Holy cow that is high. Our home is valued by the county at about the same as yours and we pay one third the amount as you do in property taxes. We also don't have state income tax. To my surprise Nebraska is often in the Bottom 10 for states to retire in bases on taxes.I live in Bennington, built new and moved in Sept 2019- taxes are ridiculous.. County valuation was price of build at $367k taxes are $11k annually.. it boggles the mind just how much Nebraskans are taxed— top 10 income as well…
He said the price to build was $367K - not the valuation.Your property taxes are $11000!!!! Holy cow that is high. Our home is valued by the county at about the same as yours and we pay one third the amount as you do in property taxes. We also don't have state income tax. To my surprise Nebraska is often in the Bottom 10 for states to retire in bases on taxes.
I know this will take all your math skills, but it can be double what it was 6 months ago AND still down 40% - Get out your protractor if you're having problems coming up with the answer.The futures prices are not an accurate refection of actual retail prices. I just priced 2x6 16 footers today. They were over double what they were 6 months ago. 28.34$ for crappy Menard's lumber. LIkewise 4x8 1/2inch OSB is double what is was last fall. The folks at my local lumber yard want $37 for a 16' 2x6.
He said the valuation was the cost to build.He said the price to build was $367K - not the valuation.
No kidding!He said the valuation was the cost to build.
We need something to lower both income and property taxes.
gambling sounds ok
He said the valuation was the cost to build.
We need something to lower both income and property taxes.
gambling sounds ok
I agree with you, I was just responding to Wasker when he said his home was valued about the same.He said the valuation was the cost to build.
We need something to lower both income and property taxes.
gambling sounds ok
You are right I did not read it clear. Still, Here in Eastern Washington there is no way a house that was recently built for $367 would have property taxes at $11000. It is hard to compare apples to apples because in our state tax valuation and market value are not the same. Taxes on a house assessed at $350K with a market value of $500K are about $3500/yr. I have a friend who lives in the best neighborhood inside the city limits. He has a 5 year old 3000 sq. ft. rambler with a tax assessment at $475K. No one could not touch it for less than $950K (probably more). He pays $5000 in property taxes. Just seems to me that Nebraska has really high property taxes.He said the price to build was $367K - not the valuation.
Eastern Washington? Is that a nice way of saying Idaho?You are right I did not read it clear. Still, Here in Eastern Washington there is no way a house that was recently built for $367 would have property taxes at $11000. It is hard to compare apples to apples because in our state tax valuation and market value are not the same. Taxes on a house assessed at $350K with a market value of $500K are about $3500/yr. I have a friend who lives in the best neighborhood inside the city limits. He has a 5 year old 3000 sq. ft. rambler with a tax assessment at $475K. No one could not touch it for less than $950K (probably more). He pays $5000 in property taxes. Just seems to me that Nebraska has really high property taxes.
The price was high 6 months ago and has stayed at roughly the same price as 6 months ago. I use a fair amount of lumber and I assure you that the price on the futures board does not always accurately reflect the retail price of commonly used products. For difference between the two is called the "basis". Corn farmers will quickly tell you what the basis is at their local elevator. On the other hand the "basis" for retail selling prices for lumber is not publicly disclosed to the retail customer. I can assure that the price for one of the most commonly sold boads (16' 2x6s) has not fallen over the past 6 months.I know this will take all your math skills, but it can be double what it was 6 months ago AND still down 40% - Get out your protractor if you're having problems coming up with the answer.