Upgrade to enjoy this feature!
Vital MX fantasy is free to play, but Premium users receive great benefits. Premium benefits include:
- View and download rider stats
- Pick trends
- Create a private league
- And more!
Only $10 for all 2026 SX, MX, and SMX series.
We wait 6 months for garage doors.
3-5 months on exterior windows.
We just walked through two houses with the prints, marking door openings for size and swing, so we can place an order.
4-6 weeks for 6'8" doors, no date promised for the 7'0" doors on the main floors of one of the homes.
Trim packages will be deliverd in a few weeks, minus crown mouldings.
But running trim w/o the interior doors is a waste of time.
Doors set first, then cased before running everything else.
I'm lucky.
I can get in there and build my built in cabinetry.
Luckily, for now, prefinished, and birch ply are in stock.
But at a premium price.
Like everything else.
Later we'll be waiting on things like, appliances, cabinet hardware, etc..
Right now sub zero products are on a one year back order.
It's crazy.
I wouldn't be surprised if there ends up being a small correction on housing prices in the next year or so. But I don't think any kind of 20% decrease in prices is going to happen.
Here in Utah, people are always complaining about home values...but we get a bunch of people moving here from CA who can't believe how cheap it is..."You mean, I can get 4500 sq feet on a half acre for $1.2M!?!?!?! I'll pay $100K over asking price, cash...I'm selling my 1900 sq foot on a 1/8th of acre for $1.5M". Meanwhile, native Utahans are dying from sticker shock.
Whenever someone says "prices cant go much higher, this isn't sustainable"...I point them to CA, or New England or Seattle (or a bunch of other markets significantly more expensive than this one)..."Actually, Yes, yes they can get much higher...and it is sustainable." It's all a matter of perspective.
Home mortgages are, historically, the last thing people don't pay...you'll see Americans eliminating expenses (subscription services, car wash membership, gym membership, etc.), reducing expenses (selling toys, selling cars, etc. etc.) to compensate for the increased cost of food, gas, etc. from inflation...They would default on their credit cards, default on car/toy loans long before they will just walk away from the mortgage (and all that equity) and be forced to rent.
Sure, some might feel the stress and try and sell to get their equity to pay off debt...but if that doesn't happen, they will fight to save their homes...so...as long as their mortgage payment doesn't skyrocket (which, they won't) and they can keep their jobs, people, largely, will keep paying their mortgages.
The Shop
Luxon 4-Post Bar Mounts
$189.95 - $239.95
Free shipping: VITALMX
DeCal Works Huge Plastic Inventory of UFO and Polisport kits.
I've been waiting for the rates to go up and drive prices down a little.. and hopefully slow down the buying frenzy. It's ridiculous in So. California. It's just now starting to slow a little..
Less then two months later it’s valued at 524K.😳
In September 2021 there were concerns the markets would crash, I was anticipating mid March. It started in April.
It might be worth it to begin preparing for 2023 now.
We used the money we made from selling our California house to put a nice 20% down to avoid mortgage insurance too. Now we will hold onto the rest of our cash to scoop up some condos to turn into rental properties if the housing market really does crash.
TM
Last year were looking for another rental property.
We knew right where we wanted to buy.
Sevier co just outside of the GSMNP.
But Jenn was scouring Zillow all around the country.
Not only were we amazed at prices.
But also couldn't believe how many dumps, like the one you posted, were being sold in that condition.
And at the same price per sqft as that one.
Pure garbage dumps.
A place like that probably needs a healthy six figures just to make it liveable.
Kitchen, bathrooms, and more will need to be taken back to bare studs.
Probably every interior door unit, and casing.
Baseboards, floors, and windows.
Plumbing fixtures, electric, etc...
Not to mention taking a good look around in the neighborhood and surrounding area.
Pit Row
https://austin.culturemap.com/news/real-estate/05-09-22-45-million-lake…
Our original appraisal from just the floor plans and list of what we were planning was for 340K. We had no issues getting a loan bc we were paying well over half ourselves. This was in Aug of 2021. We got our final appraisal for finishing up the construction loan and switching it to a mortgage and it came in at 460K. Monday our insurance guy came out took pictures and did a walk through. He emailed me the replacement list policy and they have it at 526K if they would have to completely rebuild it tomorrow.
I haven’t priced lumber or metal siding lately so I’m assuming that’s a lot of the difference. I do buy quite a bit of raw materials for machining and a 5” diameter x 144” piece of aluminum was $1200 8 months ago. The quote yesterday was $1940. Not sure how much longer this can keep going. We are seeing orders starting to slow down a little on some things.
I’m putting in a 12’ sliding door unit today and needed a bunch of tubes of silicone. $13.20 per tube for the good stuff. It seems like my material cost go up daily and it’s all across the board. One positive is that 8’ - 2 by fours were down this week. $8 or so but at least they weren’t over $10 like they were a few weeks ago.
My first question was if they would be willing to sell at the assessed value that the property was being taxed at?
That would usually cut the nonsense, and allow the meaningful discussions to begin.
It looks like the short term rental market is about to crash, at least according to people who study it for a living. This should free up inventory that will convert to long term rental or end up for sale. The housing prices will correct and, hopefully, the ratio of underwater mortgages to healthy mortgages won’t be high enough to cause a meltdown in the financial markets.
Huge percentage of buyers are backing out due to the quick rise in rates.
OfCourse there are exceptions but, in most cases, houses are selling at asking price or close to it. Houses are staying on the market longer and aren't having the crazy 50k over asking bidding wars.
Rates will go down with inflation (the CPI today dropped rates nearly .75%)...so get the seller to pay the cost of the buydown...and you could be paying rates in the 3's or 4's fir the first year or two of your loan...and then refinance before it ever gets to the note rate.
Post a reply to: Current housing market