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OT: Potentially relocating to Blair

Lakeland is pretty rough
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.
 
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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.
Sketchy place
 
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I'm sure your agent has pitched these, but if not...

$10K price cut today on the first one, so must not be a bidding war for that one.
 
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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.
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.
 
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.

I hope you are right actually because the poor and or minorities will be hardest hit. I'll be fine...but anyone already working 2 jobs or has to live somewhere less than desirable to afford rent are going to be the ones to suffer the most.
 
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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 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.
 
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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.

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.
 
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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.
So weather ehh?
 
Try Bennington
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…
 
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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…
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!
 
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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.
 
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…
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.
 
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.
He said the price to build was $367K - not the valuation.
 
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.
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.
 
He said the valuation was the cost to build.

We need something to lower both income and property taxes.

gambling sounds ok


LOL at the idea Nebraska is going to roll back their ridiculous property taxes if they build casino's to take money from the people who can least afford to lose it.
 
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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.

When I lived in Nebraska, I never felt that my valuation was inflated. But it was frustrating to learn how the politically connected would often appeal their valuation and get "adjustments" that were larger than my home's entire value. That's another reason why property taxes for the average Nebraska homeowner are out of control.
 
He said the price to build was $367K - not the valuation.
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.
 
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.
Eastern Washington? Is that a nice way of saying Idaho?
 
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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 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.
 
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