New houses being built in undesirable locations. New houses being built like shit, because of bad workers and material. Strange quirk of stupid market forces in place.
No yard. HOA. Cookie cutter homes. Next to the power substation, water treatment plant, waste transfer station, or light rail stop. Blue mayor and governor.
There's a community of townhomes being built about 5 miles from me that are next to a power stepdown transformer station and also a cell tower. They are selling like hotcakes to people who drive Teslas.
Edit: forgot to mention they are $800k
Same here but I think start around $300k. Assholes to elbows, no garage, no yard, next to a highway. I'll take an old farmhouse or sturdy old build any day. Plus a little plot at least.
Yep, and no smart meter allowing the nanny state to ration your energy use. I still have a wood burning fireplace and love it. Even millionaires can't get them with new builds. Also, despite the bs Brandon numbers, there is a slow down in housing. With interest rates over 7% and hefty price tags, ordinary ppl don't qualify for current home prices.
Kek, I've been seeing $4,400 ones come up. The other day, a $6,800 one. For borrowers making $400K/year, that's "affordabl ". For most Americans, not so much.
Smart meters, when a utility implements their use, is something everyone gets. I recall when our area got them. People tried to resist, tried to physically stop utility crews from switching out their meters. In the end, there's just one choice. Do you want electric service? Yes? Here's your smart meter. No? Fine, enjoy the dark.
Where is the study that shows there is zero side effects of humans being next to electric motors? I really wonder in a couple of years that it is exposed that evs are not so great because they cause electrical fields that are a problem. If wifi causes some things what does sitting in the middle of 4 large motors?
Every non electric car has an alternator, which is just a motor being run in reverse (mechanical energy converted to electrical energy to recharge the battery). So if that hasn’t produced any negative effects, I don’t see why EV’s would either.
I remember someone was doing a study to see if bedrooms with walls sharing the meter box was having effects on people sleeping next to it. The magnetic field generated was to be investigated to see if there were negative effects and if the should provide magnetic shielding. Probably too expensive anyway.
There are lots of interesting studies on human magnetism. When we're awake we reorient consistently but when we sleep we lay in a polar direction. We rotate about an axis but the axis maintains its orientation relative to earth, and we are conductive.
If you seal a person in a room and wait until they fall asleep, rotate the bed without waking them, they get disoriented far more than the control.
Those with a "natural compass" will become disoriented when forced to sleep in a different cardinal direction.
The human body does react to electromagnetic waves in ways we have not fully studied. Your skin is, obviously, the outward facing part of your body and has the largest area of any organ. We test things like radio communication on metrics like penetration and what's ok is defined in terms of organ area facing transmission site.
Keep in mind that 1/3 of all studies are just wrong, keep in mind there are no incentives to publish corrective papers, keep in mind there is significant money behind communication as an industry. There are still reports coming out that 5G causes or exacerbates skin problems such as eczema, acne, psoriasis, cancer. There's evidence wifi and fm and microwaves and xrays all do it too, but they're all held back by power, distance, and shielding.
The weakest 5G cells broadcast 25 times greater of a wattage than the highest legally powered Wifi, the kinds of cells you see on a pole in a parking lot broadcast at 2000 times the wattage of wifi. Laymen try to say "you can't compare it with wifi you have to compare it with traditional cellular" but you're literally taking a microwave oven with no shielding from the top of a tower 400 feet in the air and lowering it to in many cases arms reach.
More ominously, unrelated to health, they don't even do it like this for greater bandwidth. It was possible with further reaching frequencies. They want more cells for better triangulation of our pocket tracking devices.
Paper mache fucking houses. I worked in Summerlin and Pulte homes and they are slapped together like matchsticks. Bare minimum studs in the walls, warped drywall, and the cabinets have paper backs instead of wood. They are precisely built to last just long enough that your warranties run out. $300k homes made with $20k worth of trash and built in a matter of days.
I was lucky enough to buy one of the lowest priced homes in one of the best neighborhoods in our town. 20 years have passed and my 45 year old home is now 65 years old and is basically exactly the same, whereas brand new house 20 years ago are falling apart, full of traffic, congestion, and new homes are built a couple miles down the road at less cost thus keeping their prices low too.
Same here, I'm in a nice little downtown area, and they just passed new regulations and zoning rules that fully aim at keeping downtown basically untouched without jumping through massive hoops. It sucks they only approved me to have an 800 sqft shop built, but it's well worth it to keep massive apartment complexes from cropping up in my neighborhood. Side not they left me a loop hole with 5' setbacks so I can have 2 800 sqft shops, which is larger than my original plan anyways.
Edit: problem is I'm in a one party rule blue state so I'm kind of screwed. I don't even know a single dem voter either. (Mail ins)
You do know that all forms of electrical energy produce radiation every time they’re used, right? That includes the energy you use to run your computers, your AC, and even your toaster. All of that produces the exact same radiation as 5G, just a lower frequency.
Yes, I'm not sure what your point is. What matters is both intensity and duration for preventing damage, so having a perma-placed super high power 5G tower radiating a residential neighborhood is absolutely going to result in TONS OF CANCERS.
Having memory problems yet? That's 5G. Not yet? You will... mark my words.
Are the 5G towers operating at any higher power than 4G or 3G? It’s more energy efficient if your tower can run at lower power, so network designers are incentivized to go in that direction.
Having memory problems yet? 5G
That is a specific claim that’s going to need to be backed by evidence, with all other possible causes (vaccines, age, etc) accounted for first. Randomly blaming things you don’t like for various problems is neither intellectually honest nor helpful.
Radio and microwaves are non ionizing radiation. It is literally impossibly for them to alter molecular structures. You get bombarded with much more energetic EM radiation every time you are exposed to visible light. The sun is literally more harmful than any cell tower.
If 5G starts using ultraviolet light, then you might have cause for worry.
5G is MUCH higher power than 3G and 4G (it has to be because it doesn't travel as far from the tower, hence why so many more towers were needed). Didn't you see the news stories where they had to literally delay fully powering up the towers because they were significantly worried about them fucking with airplanes and radar. They never worried about that bullshit with 3G or 4G. You can do the research. I'm not doing your homework for you. They fully powered them up as of July 1, this month.
However, speaking of ultraviolet light, we do have cause to worry because the planet surface is literally being hit by UVC right now which NASA still denies to this day. UVC is the most deadly type short of full-on X-RAY. I measured UVC at my location, sea-level, at 49 mW/cm2 today.
That's 1-2 minutes in direct sunlight to skin damage starting.
EDIT: You can test the memory issue yourself by buying a EMF blocking hood. Put it on if you have memory issues and watch them disappear usually within 5-30 minutes (provided your memory issue is not disease related).
5G probably won't ever use ultraviolet light, but it is microwave radiation, which is lower frequency than visible and infrared light. Verizon's 5G net operates at 28ghz. Funnily enough, that's why especially in cities, 5G antennas have to be placed everywhere - short wavelength radiation can't penetrate brick, concrete, block, or metal anywhere near as well as the 700MHz - 1.7GHz range of 3G and LTE.
I just bought a new home in a small ( 50 homes? ) HOA community. It was my choice to do so...in fact I am running to be on the board. I loathe junk in people's yards, shit buildings erected, loud dogs, unmowed lawns, homes in states of disrepair....etc....etc....etc. I've dealt with bad HOAs....this won't be one of them. I don't disagree with you at all...but in this case I'm ok with it. I'll play along to live in a neighborhood that doesn't look like shit.
...and construction loans being pretty much impossible to get these days due to massive interest rates and ongoing supply chain bullshit, so you gotta draw in the suckers somehow...
Yep, friend of mine who just moved to work for a different large home builder as a salesman, he’s kind of an idiot, his co-workers all sound like idiots, the homes are built like crap, theyre not customizable at all, if somebody wants carpet or hardwood etc however it’s built even if under construction, they will make no changes, they build it and buyer pays for any changes. They’re on outskirts of hot markets but quite the commute with heavy traffic, no thanks, and even these stick builds at 2200 sq ft are going for over $400k which is insane for this southeast area. Then, they advertise on Craigslist and disguise as rent to own, so they end up with people who have terrible credit, they then try to scam them into using their own in house lender. I can totally see why that would be dipping below existing home prices, feel bad for the people who got suckered into this.
You’re pretty much spot on, for me just a bit north, on the coast of NC. But same thing here, we’re already considered “purple”, between tax refugees and everything else including g “shitdivisions” we don’t even have the roads to handle all the people moving in, it’s sadly trending towards blue.
But also because there is a massive shortage in supply of existing homes because of the rapid increase in mortgage rates. Average rate on existing mortgages is 3.5%, and rate on new mortgages is closer to 7%. So homeowners are, obviously, choosing to stay put rather than sell. I read that, typically, new home sales make up something like 10% of total home sales, and these days it's closer to 30% just because existing homes are so much harder than usual to come by. So given that supply of new homes is relatively high and supply of existing homes is relatively low, coupled with what you said about new houses being shitty and in worse locations and what someone else said about HOAs and other bullshit, it adds up to me that existing homes prices are higher than prices for new homes.
This. Just bought a new house. It was built in ‘89. The craftsmanship and quality as well as the lot are way beyond the houses being built now on lots that were recently stripped-out soybean fields under powerlines.
I mean, great and all, but houses built in 1914 have their own sets of issues - newspaper insulation in the walls that make the whole place a tinderbox, electrical wiring from Satan's asshole, drafty, single pane windows, asbestos, etc...
I have a '59 that's framed in redwood and that's terrific. The galvanized steel pipes and paper-wrapped electrical wiring, not so much; had to redo all of that. The steel-framed single-pane windows that cannot be replaced with any modern equivalents are also not my favorite thing (all modern windows are thicc af plastic crap 9"+ deep and the entire wall is less than that, and lame casement bullshit would ruin the mid-century lines)
Yeah that sounds nice! We have wood frames that were all white and every single one of them had failed double panes. I did end up going with thin vinyl double panes with low e glass. For us it worked quite well due directly to our situation. We also have several Beechwood trees around the property close to our house. The vinyl helps to keep down the constant development of mildew and moss... great for low summertime cooling bills (we javelin 3 AC units covering our long ranch).
I'd personally rather buy a house built in the 1950s with furniture grade wood by literate tradesmen than one built now that was slapped up by a bunch of Guatemalans.
If you're referring to what they're using as a substrate for walls now, it's not even plywood. Fuckin OSB sheathing, cheap as fuck and not at all durable
Sheathing is essential for structural rigidity, and it often is (or should be) the air barrier. An air barrier is essential to trap air in the wall cavity, that is how fluffy insulation works. Air blowing through fiberglass takes its R-value to near zero.
Vinyl isn't weatherproof or airtight, nor does it have any strength by itself, so you can't rely on that alone. The sheathing gives you something to attach the siding to as well as it being something to prevent things like baseballs or even an intruder from literally punching their way into your home.
Plastic vapor barrier is frowned upon in most cases (parts of Canada being one exception) because it traps water vapor rather than breathing. Then your walls are wet in the stud cavities causing rot. The newer generation vapor barriers and even the old fashion tar paper are typically better than plastic in most areas.
I'm not saying people don't do this terrible no-sheathing method, but it surely isn't best practices by a long shot. I certainly wouldn't buy a home with no sheathing.
The plywood is used under the building wrap and siding, and rain screen if you have a proper one. It’s for shear value, which it is very good at providing.
There’s some truth to this. There was affordable housing, built out the Apache Junction area. Apache Junction, Arizona? Affordable housing how ridiculous.
Anyway, I had to stop and take pictures when they were assembling these houses. And when I say a sample, I mean assemble. They were using Styrofoam to build them. Styrofoam.
Styrofoam forms are often used when pouring concrete foundations. It offers insulation and you don't have to break down wooden forms.
The outside of many homes is now made with boards laminated with styrofoam and the vapor barrier in a single product. Way better than using the old house wrap.
Foam is used in modern stucco, EFIS systems. I charge quite a bit to do it because not everyone can do it correctly nor with a warranty. Outside of a weedeater or something busting a hole in the finished product, it's pretty sturdy. Nothing like brick, of course, but the insulation value is a definite plus if you're in a hot and humid climate like we are here.
I prefer traditional stucco myself, but the system Dryvit uses isn't that bad.
I literally got out of my vehicle, and walked past the gate and took pictures. Yes, there was framing, but inside the metal framing they put Styrofoam. It’s a thing apparently. And then they stuccoed the outside of it. I actually happen to pull over and go onto the property when they were getting a delivery for the Styrofoam.
In other words you have no idea what you were looking at, and your earlier claim was complete bullshit.
You said they were building houses out of styrofoam. Now you admit they were using metal framing (which is it?), and the foam was inside the framing. Well no shit. We have this thing now called insulation. We also use foam as a backer and thermal break between framing and siding, including stucco. We also use foam for other applications that it’s well suited for..
Now might be a good time for you to resolve to only comment on issues that you actually understand. Or, I suppose, you could choose to continually advertise your ignorance. I don’t recommend the later.
I live in a rapidly growing area and a local developer opened a new couple of blocks of housing, where people were moving in escaping California during Muh Covid.
There's tons of complaints on NextDoor with people claiming the stucco is falling off and the garage floors and driveways are spalled or pitted or salty from soupy or overworked concrete
Most likely they did not do any corrosion testing on the ground before building. There are builds all over America where they did not look into the mineral content of the ground they were building on and they poured the wrong kind of concrete.
Existing houses are owned by people who locked in 2% mortgages. New houses come with 7% mortgage. So anyone who is looking at moving needs to price that 5% difference into their sale price
This is about sales prices though, not what rates the current owners have for themselves. Mortgage rates are the same for both new and resale homes for anyone buying right now.
More likely is that the builders are a lot more in tune with the current market and what is coming and they know they need to price their homes to sell quickly. Whereas the average Joe Homeowner doesn't pay attention to market trends and thinks their home is worth more than any other and will not even entertain the possibility that they might be wrong.
It is about current rates because, to state the obvious, existing homes are only sold when their current owners put them up for sale.
Unless you must move for some reason, very few people are willing to sell now because they would need to buy a new house to replace the one they are selling and would be buying less house for the same money because rates are 3x what they were when they bought the current house.
Used house supply is historically low because of that, which drives up prices. New Homes have the same rates, but anyone buying now is willing to tolerate those rates and builders can sell new homes without worrying about an existing owner that can't afford to replace the house if they sell it.
There's also a premium on used homes because they are ready to live in now (versus 12-18 months down the road for a new build).
There is a shortage in Southern Ca because Chinese are buying up everything. I had a new development with 43 units and 18 were bought by one Chinese firm who the rented them all out.
Also because of how many Chinese who are born here, it gets put in their name as an American sigh duel citizenship and the profit goes back to china .
Birthright citizenship needs revoked absolutely insane how it was bastardized from giving citizenship to slaves into now giving the child of two rich Chinese tourists an American card.
For the Chinese, it’s an opportunity to park assets abroad. And given the PRC regime’s propensity to arbitrarily seize property, assets abroad are much harder to expropriate
Not an economist, but with the interest rates the way they are I'd rather sit on my current mortgage. Supply of used houses goes down while no one wants to buy either used or new.
Yep. People selling their "used" homes are looking for a specific price to maximize their equity. Large homebuilding companies are eating into their margins to move product.
HELOC on current mortgage, take out second loan on investment property and (ling-term) rent it out. The need for rentals will never diminish because of low supply in new houses.
We have a housing shortage not because of houses. Because of a economy poised to fuck you. And banks stabbing you every chance they get. But don't forget. The politicians. They allow and procure all of this.
Exactly this. I'd love to buy a new house but all the ones in the area near me are a neighborhood of the exact same house packed like sardines with a backyard the size of my current kitchen
Most people buy and live in for 1-2 years until they find an older home. Meanwhile the new build is turned into a rental. You’d be mad to buy in a DR Horton neighborhood
I mean new houses aren’t built anywhere near the value of old homes (crappy design, crappy materials, crappy fit and finish) and government bureaucracy has ruined reasonable development practices and zoning. I’d rather buy a 50 year old home than a new build.
Many old houses have terrible floor plans, load bearing walls in awkward places, too many interior walls in general. There are exceptions of course.
Modern floor plans are open and inviting. But I agree about suspect build quality.
Between the two, assuming same location, I would take a 15 year home with a modern design than a 50+ year old home most of the time (exceptions exceptions). 15 years means you can see if there’s foundation settling issues, water issues, and wall issues so you avoid some of the risk of a brand new build. And on the plus side you get modern floor plans, modern walls (easy to run new wires, pipe, etc).
Now if I could find a big fat old Victorian house with a huge plantation-style wrap-around porch on a big corner lot in a medium sized town that has a huge kitchen, I’ll take all the trials and tribulations that house will throw at me.
Totally unrelated but have you seen how fast they "build" houses now?
They basically unfold them overnight. I wouldn't want a new house that just goes up "poof!". No way they are doing that the right way with the correct materials.
Funny thing is, a lot of the ancient Sears kit-built homes that are still around today are practically fortresses compared to what's being popped-out in new subdivisions.
(in spite of the fact that those kit homes were considered somewhat flimsy at the time...)
My neighborhood is full of the Craftsmen homes. They were sold by Sears for less than $15,000 and the current appraisal value from the tax office is $400,000+ on those same houses. Apparently they age like fine wine.
Sorry but old homes are usually terribly inefficient. Block homes without filled concrete and no insulation between walls and hardly any in the attic plus no proper venting. New homes solved a bunch of problems
I don't know anything about regulations but I doubt efficiency ever was nor is really a huge priority for builders. Like, sure it's important... just so much that it doesn't cost any money or time. Just enough to pass inspections....
Back in the day if you were cold, you just burned another $0.10 gallon of heating oil. Not a big deal.
My current house had the original 50's boiler still inside when I bought it. It burned the warm air from inside the house. I converted to a new gas condensing boiler and fixed a bunch of distribution issues. The job saves hundreds of dollars a month.
Depends on the house. The cookie-cutter houses you see in "suburban developments" as well as your "affordable housing" ones are pretty trash. But there's still a subset of people who pay to have things done the right way.
I just witnessed this while working a well construction job. End of February the trencher came to cut the footings, by June you had an entire house. It would’ve gone faster too if it weren’t for all the rain. I thought the PVC fire sprinkler system was an odd choice for these houses.
Market always corrects itself. The people in their pursuit of their own interest will express their will in demand resulting in price movement matching the real value.
New houses: Crap, Expensive for their intrinsic value -> price comes down to reflect the value
Old houses: Robust, Cheaper mortgage interest, in better areas, Good value -> you know it, I know it, Aunt Miley knows it, everybody wants some -> price increase to match value.
As with everything everywhere all the time : a market is a large optimisation algorithm and we humans are the weights adjusting the algorithm... actively... Government? that's the engineer who doesn't know how the algorithm works and fiddles with values bigly hoping for a different outcome only to stray further from the optimum...
I'm on the Space Coast, and this has been true for months.
I can get a new 3 bed, 2 bath from a major builder cheaper than a 1960s-1980s equivalent that needs a new roof, new HVAC, and makes you want to sing "Waka Waka Wah Wah" like the first notes of a Peter Frampton song when you enter the wood panelled Living Room. And half the time that 3rd bedroom was the one-car garage or florida room that was (poorly) enclosed, with one or none vents that are insufficient to cool the room.
Whereas the new builds have twice the outlets, all new applicances, mint roof and HVAC, new carpet/flooring, and even USB ports. And walk-in closets.
Also, builders cover all closing and have better access to financing, they want to sell. Homeloaners are stubbornly holding on for peak COVID pricing as if interest rates don't exist.
It's a laugh when you can find a 1600 sq ft under Air 3/4 bd, 2/2.5bath NEW construction for $300k, whereas a 1988er with 1400 sq ft is priced $20K +/- the same.
If I could find a new 3 or 4 bed home for $300 k where I live, I’d buy two of them tomorrow. If you can find a 3 bed for under a million here, it’s a small beat up piece of crap that needs a lot of work and money, and there aren’t many of them.
I had a modular home built 20 years ago, for those that dont know it is a stick built 2x6 construction but built in modules in a factory, delivered and assembled on site. Well that was an economy house 20 years ago but compared to todays houses it is built like a tank. Builders grade kitchen cabinets are solid oak, not particle board like the modern cabinets are made. Lots of other features that are of higher quality than a McMansion built down the street.
That's because of the newer houses are built like shit. I live in my family home it was built in the mid-50s. The land is now considered more valuable than the house because they want to put all of these fucking condos everywhere and suck developer dick for more property tax revenue.
I actually saw some commie fuck head claiming building new houses is good because it makes the old stock cheaper lol
Here in Florida new houses are s*** tier, you could literally walk from one roof to the next, there's no front or backyard, and you have to deal with an HOA.
Some mortgages are assumable at their current interest rate. I suspect some people would pay well over the standard price for a home that came with a 2.5% interest rate.
Wait till people realize paying a half a million dollars for a starter home in the middle of the desert is not normal and all their neighbors are selling because they lost their job and no one is hiring. Good times ahead. That 2% rate you got does not mean anything to a buyer. Only the seller does it pressure. Or the auction.
I personally prefer older construction, as someone who has flipped homes and worked on property maintenance for the last decade.
Newest builds, MUCH easier to work on and maintain.
Older homes? Much better bones, real solid wood for doors, floors, etc.
Older homes have material that would cost a fortune to build with nowadays. That's why I love em. That, they tend to have more character to them, just like old buildings.
Old construction used to be way more customized. New construction is so cookie cutter. I hate the way it looks in comparison.
Agreed! The home I live in is 90 years old and it's been in my family for 70 years. The house is small, not fancy and there's the maintenance. It took me awhile to appreciate the quality that went into the home's construction.
Well if you’re going to overpay, a yard is important. If you have kids a yard is important and millennials are now having bigger families. If you want An addition to your house a yard is important. If you want a finished basement, a house with a finished basement is important. Trees are important for your kids to play in and have a shaded back yard. If you want your kids to go to a school that’s not all black, it’s important. So what should be happening is the baby boomers move into new construction, and the millennials move into the houses the boomers were in. I hope new house get even less desireable so developers actually make houses with yards again. In Florida the new developments are squished they might as well just be townhouses. Why even separate them when there’s only 3 feet between the houses? Then you will be taxed less and pay less for a roof and insurance and Maintaince
In my area, all the new built houses are much smaller and ok top of one another and the architectural design is so ugly. No charm. No character. Rather brutalist.
Edit...also the new houses that are sub 250k in a good neighborhood are less than 1300 sqft for a 3/2 and no yard! Ex: lot size 5k sqft with a house on it!
now that I think about it, when I was looking at houses, new or used were about the same price I feel. smaller lots on newer houses. we can talk about build quality, but nobody really knows that or cares. hmm. didn't actually notice :)
My younger coworker is having a house built for the past couple months. When I asked him about the price a month or so ago he said it was cheaper for a new one than used, and I couldn't believe it. Wild.
So in my town, they keep adding these connected house rows 15 feet from the street. They look like they will be ass in about 10 years. No parking or garages. This shit is going up all over the place here.
Having a home built now. What a disgrace. Builder, that owns the lot, is Indian and all of the workers are central/south American. They could have built this house twice now with all of the fuckups they had to fix and of course, I'm the asshole for pointing them out and demanding they get fix.
"No, you can't run a waterline for a hose bib through the unheated garage and poke it out the front of the house."
"No, I'm not accepting the supply lines for the showers being run in the exterior walls when there are perfectly good interior walls on the other side of the tub. Change the fucking tub to the fucking one that I picked and rerun the lines."
I will take a while maintained or custom updated older house over new house any day, I have a yard my dogs complain without another house in my fucking front yard. I have a pool room for one, an outdoor kitchen bigger than a weber. Also construction quality. As long as the house never had termites in and I’m not gonna find my girlfriend floating 4 feet off the bed saying “There is no Dana only Zool,” I’ll take the old house every time
What does that even mean? You can buy a new house for cheaper than you can buy a used house. How does that even happen?
New houses being built in undesirable locations. New houses being built like shit, because of bad workers and material. Strange quirk of stupid market forces in place.
No yard. HOA. Cookie cutter homes. Next to the power substation, water treatment plant, waste transfer station, or light rail stop. Blue mayor and governor.
Joggers. You can just say joggers.
Joggers are a symptom. Not the cause.
Give a white man a brick, he makes cities. Give a black man a city, he makes bricks.
Give a black man a brick… 😳
He makes off with all the shoes
They’re both
Woah cool it.
That's anti-Semitic!
I actually meant communists. Which come in all ethnicities.
There's a community of townhomes being built about 5 miles from me that are next to a power stepdown transformer station and also a cell tower. They are selling like hotcakes to people who drive Teslas. Edit: forgot to mention they are $800k
Same here but I think start around $300k. Assholes to elbows, no garage, no yard, next to a highway. I'll take an old farmhouse or sturdy old build any day. Plus a little plot at least.
Yep, and no smart meter allowing the nanny state to ration your energy use. I still have a wood burning fireplace and love it. Even millionaires can't get them with new builds. Also, despite the bs Brandon numbers, there is a slow down in housing. With interest rates over 7% and hefty price tags, ordinary ppl don't qualify for current home prices.
You're saying a $3400 a month mortgage is unaffordable??
Kek, I've been seeing $4,400 ones come up. The other day, a $6,800 one. For borrowers making $400K/year, that's "affordabl ". For most Americans, not so much.
Smart meters, when a utility implements their use, is something everyone gets. I recall when our area got them. People tried to resist, tried to physically stop utility crews from switching out their meters. In the end, there's just one choice. Do you want electric service? Yes? Here's your smart meter. No? Fine, enjoy the dark.
Some companies let you opt out. Mine does, but there’s an extra fee…
What a great deal. 800k home, 60k car, but you save 200$ a month on gasoline
That’s a deal at 7.5% interest!
Where is the study that shows there is zero side effects of humans being next to electric motors? I really wonder in a couple of years that it is exposed that evs are not so great because they cause electrical fields that are a problem. If wifi causes some things what does sitting in the middle of 4 large motors?
Every non electric car has an alternator, which is just a motor being run in reverse (mechanical energy converted to electrical energy to recharge the battery). So if that hasn’t produced any negative effects, I don’t see why EV’s would either.
I would say because the alternator is for one smaller with less voltage. 2 in many cases you are adding 3 more.
However now you must increase the size and multiply it by 4.
I'm not saying it will actually do anything, but that's a large enough difference to matter.
I remember someone was doing a study to see if bedrooms with walls sharing the meter box was having effects on people sleeping next to it. The magnetic field generated was to be investigated to see if there were negative effects and if the should provide magnetic shielding. Probably too expensive anyway.
There are lots of interesting studies on human magnetism. When we're awake we reorient consistently but when we sleep we lay in a polar direction. We rotate about an axis but the axis maintains its orientation relative to earth, and we are conductive.
If you seal a person in a room and wait until they fall asleep, rotate the bed without waking them, they get disoriented far more than the control.
Those with a "natural compass" will become disoriented when forced to sleep in a different cardinal direction.
Pretty crazy but super neat
The human body does react to electromagnetic waves in ways we have not fully studied. Your skin is, obviously, the outward facing part of your body and has the largest area of any organ. We test things like radio communication on metrics like penetration and what's ok is defined in terms of organ area facing transmission site.
Keep in mind that 1/3 of all studies are just wrong, keep in mind there are no incentives to publish corrective papers, keep in mind there is significant money behind communication as an industry. There are still reports coming out that 5G causes or exacerbates skin problems such as eczema, acne, psoriasis, cancer. There's evidence wifi and fm and microwaves and xrays all do it too, but they're all held back by power, distance, and shielding.
The weakest 5G cells broadcast 25 times greater of a wattage than the highest legally powered Wifi, the kinds of cells you see on a pole in a parking lot broadcast at 2000 times the wattage of wifi. Laymen try to say "you can't compare it with wifi you have to compare it with traditional cellular" but you're literally taking a microwave oven with no shielding from the top of a tower 400 feet in the air and lowering it to in many cases arms reach.
More ominously, unrelated to health, they don't even do it like this for greater bandwidth. It was possible with further reaching frequencies. They want more cells for better triangulation of our pocket tracking devices.
So what frequency does a 4 motor tesla create and what kind of issue is that 4 humans?
Paper mache fucking houses. I worked in Summerlin and Pulte homes and they are slapped together like matchsticks. Bare minimum studs in the walls, warped drywall, and the cabinets have paper backs instead of wood. They are precisely built to last just long enough that your warranties run out. $300k homes made with $20k worth of trash and built in a matter of days.
I was lucky enough to buy one of the lowest priced homes in one of the best neighborhoods in our town. 20 years have passed and my 45 year old home is now 65 years old and is basically exactly the same, whereas brand new house 20 years ago are falling apart, full of traffic, congestion, and new homes are built a couple miles down the road at less cost thus keeping their prices low too.
Same here, I'm in a nice little downtown area, and they just passed new regulations and zoning rules that fully aim at keeping downtown basically untouched without jumping through massive hoops. It sucks they only approved me to have an 800 sqft shop built, but it's well worth it to keep massive apartment complexes from cropping up in my neighborhood. Side not they left me a loop hole with 5' setbacks so I can have 2 800 sqft shops, which is larger than my original plan anyways.
Edit: problem is I'm in a one party rule blue state so I'm kind of screwed. I don't even know a single dem voter either. (Mail ins)
That and 5G cell phone towers. Who really wants to be literally cooked with radiation in the comfort of their own home.
You do know that all forms of electrical energy produce radiation every time they’re used, right? That includes the energy you use to run your computers, your AC, and even your toaster. All of that produces the exact same radiation as 5G, just a lower frequency.
Yes, I'm not sure what your point is. What matters is both intensity and duration for preventing damage, so having a perma-placed super high power 5G tower radiating a residential neighborhood is absolutely going to result in TONS OF CANCERS.
Having memory problems yet? That's 5G. Not yet? You will... mark my words.
Are the 5G towers operating at any higher power than 4G or 3G? It’s more energy efficient if your tower can run at lower power, so network designers are incentivized to go in that direction.
That is a specific claim that’s going to need to be backed by evidence, with all other possible causes (vaccines, age, etc) accounted for first. Randomly blaming things you don’t like for various problems is neither intellectually honest nor helpful.
Radio and microwaves are non ionizing radiation. It is literally impossibly for them to alter molecular structures. You get bombarded with much more energetic EM radiation every time you are exposed to visible light. The sun is literally more harmful than any cell tower.
If 5G starts using ultraviolet light, then you might have cause for worry.
5G is MUCH higher power than 3G and 4G (it has to be because it doesn't travel as far from the tower, hence why so many more towers were needed). Didn't you see the news stories where they had to literally delay fully powering up the towers because they were significantly worried about them fucking with airplanes and radar. They never worried about that bullshit with 3G or 4G. You can do the research. I'm not doing your homework for you. They fully powered them up as of July 1, this month.
However, speaking of ultraviolet light, we do have cause to worry because the planet surface is literally being hit by UVC right now which NASA still denies to this day. UVC is the most deadly type short of full-on X-RAY. I measured UVC at my location, sea-level, at 49 mW/cm2 today.
That's 1-2 minutes in direct sunlight to skin damage starting.
EDIT: You can test the memory issue yourself by buying a EMF blocking hood. Put it on if you have memory issues and watch them disappear usually within 5-30 minutes (provided your memory issue is not disease related).
Yeah but you started this thread with trying to equate cell towers with regular EMF.
Just seems like you're being a contrarian
5G probably won't ever use ultraviolet light, but it is microwave radiation, which is lower frequency than visible and infrared light. Verizon's 5G net operates at 28ghz. Funnily enough, that's why especially in cities, 5G antennas have to be placed everywhere - short wavelength radiation can't penetrate brick, concrete, block, or metal anywhere near as well as the 700MHz - 1.7GHz range of 3G and LTE.
HOAs are a cancer to home ownership, you also will never "own" your home if you are tethered to an HOA.
I just bought a new home in a small ( 50 homes? ) HOA community. It was my choice to do so...in fact I am running to be on the board. I loathe junk in people's yards, shit buildings erected, loud dogs, unmowed lawns, homes in states of disrepair....etc....etc....etc. I've dealt with bad HOAs....this won't be one of them. I don't disagree with you at all...but in this case I'm ok with it. I'll play along to live in a neighborhood that doesn't look like shit.
...and construction loans being pretty much impossible to get these days due to massive interest rates and ongoing supply chain bullshit, so you gotta draw in the suckers somehow...
Yep, friend of mine who just moved to work for a different large home builder as a salesman, he’s kind of an idiot, his co-workers all sound like idiots, the homes are built like crap, theyre not customizable at all, if somebody wants carpet or hardwood etc however it’s built even if under construction, they will make no changes, they build it and buyer pays for any changes. They’re on outskirts of hot markets but quite the commute with heavy traffic, no thanks, and even these stick builds at 2200 sq ft are going for over $400k which is insane for this southeast area. Then, they advertise on Craigslist and disguise as rent to own, so they end up with people who have terrible credit, they then try to scam them into using their own in house lender. I can totally see why that would be dipping below existing home prices, feel bad for the people who got suckered into this.
What area is this in the SE?
Honestly sounds like SC. This state will be blue in no time with the amount of farmland being converted into shitdivisions.
You’re pretty much spot on, for me just a bit north, on the coast of NC. But same thing here, we’re already considered “purple”, between tax refugees and everything else including g “shitdivisions” we don’t even have the roads to handle all the people moving in, it’s sadly trending towards blue.
Topsail used to be a quiet affordable place. Totally overrun. Sad. NCs builders are terrible scammers as well.
Costal Carolinas
But also because there is a massive shortage in supply of existing homes because of the rapid increase in mortgage rates. Average rate on existing mortgages is 3.5%, and rate on new mortgages is closer to 7%. So homeowners are, obviously, choosing to stay put rather than sell. I read that, typically, new home sales make up something like 10% of total home sales, and these days it's closer to 30% just because existing homes are so much harder than usual to come by. So given that supply of new homes is relatively high and supply of existing homes is relatively low, coupled with what you said about new houses being shitty and in worse locations and what someone else said about HOAs and other bullshit, it adds up to me that existing homes prices are higher than prices for new homes.
This. Just bought a new house. It was built in ‘89. The craftsmanship and quality as well as the lot are way beyond the houses being built now on lots that were recently stripped-out soybean fields under powerlines.
Mine was built in 1914…
I mean, great and all, but houses built in 1914 have their own sets of issues - newspaper insulation in the walls that make the whole place a tinderbox, electrical wiring from Satan's asshole, drafty, single pane windows, asbestos, etc...
Mine not as old buy 1959... love mid-century modern homes. Design and quality.
I have a '59 that's framed in redwood and that's terrific. The galvanized steel pipes and paper-wrapped electrical wiring, not so much; had to redo all of that. The steel-framed single-pane windows that cannot be replaced with any modern equivalents are also not my favorite thing (all modern windows are thicc af plastic crap 9"+ deep and the entire wall is less than that, and lame casement bullshit would ruin the mid-century lines)
Yeah that sounds nice! We have wood frames that were all white and every single one of them had failed double panes. I did end up going with thin vinyl double panes with low e glass. For us it worked quite well due directly to our situation. We also have several Beechwood trees around the property close to our house. The vinyl helps to keep down the constant development of mildew and moss... great for low summertime cooling bills (we javelin 3 AC units covering our long ranch).
I'd personally rather buy a house built in the 1950s with furniture grade wood by literate tradesmen than one built now that was slapped up by a bunch of Guatemalans.
That house from the 50's will stand another hundred years and more if cared for. Can't say the same about stickbuilds today....
i see them building houses and im just like...fucking plywood?!
those things are gonna blow over one day
If you're referring to what they're using as a substrate for walls now, it's not even plywood. Fuckin OSB sheathing, cheap as fuck and not at all durable
They use fricken cardboard as sheathing in Texas (and probably other areas too).
Matt Risinger has ranted about this for years now. OSB and plywood would be a huge step up from this crap.
Holy shit why would anyone use that garbage? I can't believe that even exists. I've never seen it used near me.
Oh no, fuck that
Sheathing is not required. Many houses have the studs, plastic vapor barrier, then vinyl siding.
Sheathing is essential for structural rigidity, and it often is (or should be) the air barrier. An air barrier is essential to trap air in the wall cavity, that is how fluffy insulation works. Air blowing through fiberglass takes its R-value to near zero.
Vinyl isn't weatherproof or airtight, nor does it have any strength by itself, so you can't rely on that alone. The sheathing gives you something to attach the siding to as well as it being something to prevent things like baseballs or even an intruder from literally punching their way into your home.
Plastic vapor barrier is frowned upon in most cases (parts of Canada being one exception) because it traps water vapor rather than breathing. Then your walls are wet in the stud cavities causing rot. The newer generation vapor barriers and even the old fashion tar paper are typically better than plastic in most areas.
I'm not saying people don't do this terrible no-sheathing method, but it surely isn't best practices by a long shot. I certainly wouldn't buy a home with no sheathing.
I'll take a house sheathed in plywood any day. OSB is probably what you are thinking about.
Seriously, plywood is a million times better than OSB.
That is pushing it quite a bit. I doubt it is much over 100,000 times better.
The plywood is used under the building wrap and siding, and rain screen if you have a proper one. It’s for shear value, which it is very good at providing.
There’s some truth to this. There was affordable housing, built out the Apache Junction area. Apache Junction, Arizona? Affordable housing how ridiculous.
Anyway, I had to stop and take pictures when they were assembling these houses. And when I say a sample, I mean assemble. They were using Styrofoam to build them. Styrofoam.
Styrofoam forms are often used when pouring concrete foundations. It offers insulation and you don't have to break down wooden forms.
The outside of many homes is now made with boards laminated with styrofoam and the vapor barrier in a single product. Way better than using the old house wrap.
Foam is used in modern stucco, EFIS systems. I charge quite a bit to do it because not everyone can do it correctly nor with a warranty. Outside of a weedeater or something busting a hole in the finished product, it's pretty sturdy. Nothing like brick, of course, but the insulation value is a definite plus if you're in a hot and humid climate like we are here.
I prefer traditional stucco myself, but the system Dryvit uses isn't that bad.
"So sturdy it takes a weedeater to knock it down!" You and I have different definitions of sturdy, lol.
I mean as in longevity. It's fuckin foam lol
If someone is coming at your house with a weed eater I think you have different problems. Behind the styrofoam is concrete.
Styrofoam attached to cardboard or paper on the sides of the houses that aren't shear.
Welcome to az
Oh for fuck sake. They weren't building houses out of styrofoam. You just didn’t understand what you were seeing.
I literally got out of my vehicle, and walked past the gate and took pictures. Yes, there was framing, but inside the metal framing they put Styrofoam. It’s a thing apparently. And then they stuccoed the outside of it. I actually happen to pull over and go onto the property when they were getting a delivery for the Styrofoam.
In other words you have no idea what you were looking at, and your earlier claim was complete bullshit.
You said they were building houses out of styrofoam. Now you admit they were using metal framing (which is it?), and the foam was inside the framing. Well no shit. We have this thing now called insulation. We also use foam as a backer and thermal break between framing and siding, including stucco. We also use foam for other applications that it’s well suited for..
Now might be a good time for you to resolve to only comment on issues that you actually understand. Or, I suppose, you could choose to continually advertise your ignorance. I don’t recommend the later.
https://youtu.be/C3KX8c3UVo4
👍🐸
I love my old brick eh-neh-neh-neh house
My husband sings that when I walk by, he is so funny!
I live in a rapidly growing area and a local developer opened a new couple of blocks of housing, where people were moving in escaping California during Muh Covid.
There's tons of complaints on NextDoor with people claiming the stucco is falling off and the garage floors and driveways are spalled or pitted or salty from soupy or overworked concrete
Most likely they did not do any corrosion testing on the ground before building. There are builds all over America where they did not look into the mineral content of the ground they were building on and they poured the wrong kind of concrete.
Sounds like improperly applied stucco. Which is generally the case these days, actual tradesmen are harder and harder to find.
In az the houses sat exposed for MONTHS because of COVID.
When the styrofoam gets wet it swells and in a couple months your stucco falls off and guess what? You're paying 60k+ for a complete restucco.
except for the mold due to neglect.
That's what inspections are for.
Existing houses are owned by people who locked in 2% mortgages. New houses come with 7% mortgage. So anyone who is looking at moving needs to price that 5% difference into their sale price
This is about sales prices though, not what rates the current owners have for themselves. Mortgage rates are the same for both new and resale homes for anyone buying right now.
More likely is that the builders are a lot more in tune with the current market and what is coming and they know they need to price their homes to sell quickly. Whereas the average Joe Homeowner doesn't pay attention to market trends and thinks their home is worth more than any other and will not even entertain the possibility that they might be wrong.
It is about current rates because, to state the obvious, existing homes are only sold when their current owners put them up for sale.
Unless you must move for some reason, very few people are willing to sell now because they would need to buy a new house to replace the one they are selling and would be buying less house for the same money because rates are 3x what they were when they bought the current house.
Used house supply is historically low because of that, which drives up prices. New Homes have the same rates, but anyone buying now is willing to tolerate those rates and builders can sell new homes without worrying about an existing owner that can't afford to replace the house if they sell it.
There's also a premium on used homes because they are ready to live in now (versus 12-18 months down the road for a new build).
You're not seeing 7% anymore. 8.5-9.3% is the going rate now.
Ohhh right !
There is a shortage in Southern Ca because Chinese are buying up everything. I had a new development with 43 units and 18 were bought by one Chinese firm who the rented them all out.
Also because of how many Chinese who are born here, it gets put in their name as an American sigh duel citizenship and the profit goes back to china .
Birthright citizenship needs revoked absolutely insane how it was bastardized from giving citizenship to slaves into now giving the child of two rich Chinese tourists an American card.
For the Chinese, it’s an opportunity to park assets abroad. And given the PRC regime’s propensity to arbitrarily seize property, assets abroad are much harder to expropriate
Nature has a way of proving things wrong
Yes
Nature has physics backing it up. Sadly, truth and facts don't have such great backup.
New houses are TINY :)
True! They are smaller aren’t they?
Not around here.
Not an economist, but with the interest rates the way they are I'd rather sit on my current mortgage. Supply of used houses goes down while no one wants to buy either used or new.
That's the bigger issue. For the next 30 years, likely. Why would anyone give up 3.25 percent unless house prices absolutely tank.
Yep. People selling their "used" homes are looking for a specific price to maximize their equity. Large homebuilding companies are eating into their margins to move product.
Hahahahaha. I think you answered your own question there.
Ironically if housing tanks you’ll see those low mortgages again
I know my 3% loan on a house originally bought in 1999, I pay so much less than a 2 bedroom apartment rent around here. Feels good man!
I’m on 1.65 lololo
HELOC on current mortgage, take out second loan on investment property and (ling-term) rent it out. The need for rentals will never diminish because of low supply in new houses.
We have a housing shortage not because of houses. Because of a economy poised to fuck you. And banks stabbing you every chance they get. But don't forget. The politicians. They allow and procure all of this.
And the invaders have to live somewhere, they are displacing Americans in the housing market and taking up rentals
Increasing the population with 100M “new citizens” surely had an effect on housing prices too.
Probably because 99.9% of new construction are cookie cutter matchboxes, with shit build quality, on a lot so small you measure it in square footage..
Exactly this. I'd love to buy a new house but all the ones in the area near me are a neighborhood of the exact same house packed like sardines with a backyard the size of my current kitchen
and yet people keep buying them!
wtf
Most people buy and live in for 1-2 years until they find an older home. Meanwhile the new build is turned into a rental. You’d be mad to buy in a DR Horton neighborhood
any neighborhood*
I mean new houses aren’t built anywhere near the value of old homes (crappy design, crappy materials, crappy fit and finish) and government bureaucracy has ruined reasonable development practices and zoning. I’d rather buy a 50 year old home than a new build.
Some.
Many old houses have terrible floor plans, load bearing walls in awkward places, too many interior walls in general. There are exceptions of course.
Modern floor plans are open and inviting. But I agree about suspect build quality.
Between the two, assuming same location, I would take a 15 year home with a modern design than a 50+ year old home most of the time (exceptions exceptions). 15 years means you can see if there’s foundation settling issues, water issues, and wall issues so you avoid some of the risk of a brand new build. And on the plus side you get modern floor plans, modern walls (easy to run new wires, pipe, etc).
Now if I could find a big fat old Victorian house with a huge plantation-style wrap-around porch on a big corner lot in a medium sized town that has a huge kitchen, I’ll take all the trials and tribulations that house will throw at me.
I remember a trump tweet from 2012 telling people to buy a home. Now looking at that chart I see that was the cheapest home prices were gonna get...
Orange Man Good.
Good! Prices are just outrageous.
Indeed. They have a loooong way to go before they return to any sense of reality.
Totally unrelated but have you seen how fast they "build" houses now?
They basically unfold them overnight. I wouldn't want a new house that just goes up "poof!". No way they are doing that the right way with the correct materials.
Funny thing is, a lot of the ancient Sears kit-built homes that are still around today are practically fortresses compared to what's being popped-out in new subdivisions.
(in spite of the fact that those kit homes were considered somewhat flimsy at the time...)
My neighborhood is full of the Craftsmen homes. They were sold by Sears for less than $15,000 and the current appraisal value from the tax office is $400,000+ on those same houses. Apparently they age like fine wine.
got a youtube link?
Sorry but old homes are usually terribly inefficient. Block homes without filled concrete and no insulation between walls and hardly any in the attic plus no proper venting. New homes solved a bunch of problems
I don't know anything about regulations but I doubt efficiency ever was nor is really a huge priority for builders. Like, sure it's important... just so much that it doesn't cost any money or time. Just enough to pass inspections....
Though maybe I'm wrong.
Back in the day if you were cold, you just burned another $0.10 gallon of heating oil. Not a big deal.
My current house had the original 50's boiler still inside when I bought it. It burned the warm air from inside the house. I converted to a new gas condensing boiler and fixed a bunch of distribution issues. The job saves hundreds of dollars a month.
Block homes? Not in my area.
Depends on the house. The cookie-cutter houses you see in "suburban developments" as well as your "affordable housing" ones are pretty trash. But there's still a subset of people who pay to have things done the right way.
It just costs a half million dollars to do.
500k for a house built right? I'm in! Can't even get a shitty fiber board and plastic house for that near Boston
How do you find them is the question. I briefly looked into custom builders, is that what you are referring to?
I just witnessed this while working a well construction job. End of February the trencher came to cut the footings, by June you had an entire house. It would’ve gone faster too if it weren’t for all the rain. I thought the PVC fire sprinkler system was an odd choice for these houses.
Because nobody wants electric appliances they are forcing into new homes. Don't need government-funded doorbells, either.
Same in TN!!
Market always corrects itself. The people in their pursuit of their own interest will express their will in demand resulting in price movement matching the real value.
New houses: Crap, Expensive for their intrinsic value -> price comes down to reflect the value
Old houses: Robust, Cheaper mortgage interest, in better areas, Good value -> you know it, I know it, Aunt Miley knows it, everybody wants some -> price increase to match value.
As with everything everywhere all the time : a market is a large optimisation algorithm and we humans are the weights adjusting the algorithm... actively... Government? that's the engineer who doesn't know how the algorithm works and fiddles with values bigly hoping for a different outcome only to stray further from the optimum...
what is Blackrock up to hmmmm
I'm on the Space Coast, and this has been true for months.
I can get a new 3 bed, 2 bath from a major builder cheaper than a 1960s-1980s equivalent that needs a new roof, new HVAC, and makes you want to sing "Waka Waka Wah Wah" like the first notes of a Peter Frampton song when you enter the wood panelled Living Room. And half the time that 3rd bedroom was the one-car garage or florida room that was (poorly) enclosed, with one or none vents that are insufficient to cool the room.
Whereas the new builds have twice the outlets, all new applicances, mint roof and HVAC, new carpet/flooring, and even USB ports. And walk-in closets.
Also, builders cover all closing and have better access to financing, they want to sell. Homeloaners are stubbornly holding on for peak COVID pricing as if interest rates don't exist.
It's a laugh when you can find a 1600 sq ft under Air 3/4 bd, 2/2.5bath NEW construction for $300k, whereas a 1988er with 1400 sq ft is priced $20K +/- the same.
Prices are still at least 20-30% too expensive.
If I could find a new 3 or 4 bed home for $300 k where I live, I’d buy two of them tomorrow. If you can find a 3 bed for under a million here, it’s a small beat up piece of crap that needs a lot of work and money, and there aren’t many of them.
I had a modular home built 20 years ago, for those that dont know it is a stick built 2x6 construction but built in modules in a factory, delivered and assembled on site. Well that was an economy house 20 years ago but compared to todays houses it is built like a tank. Builders grade kitchen cabinets are solid oak, not particle board like the modern cabinets are made. Lots of other features that are of higher quality than a McMansion built down the street.
That's because of the newer houses are built like shit. I live in my family home it was built in the mid-50s. The land is now considered more valuable than the house because they want to put all of these fucking condos everywhere and suck developer dick for more property tax revenue.
I actually saw some commie fuck head claiming building new houses is good because it makes the old stock cheaper lol
Here in Florida new houses are s*** tier, you could literally walk from one roof to the next, there's no front or backyard, and you have to deal with an HOA.
Some mortgages are assumable at their current interest rate. I suspect some people would pay well over the standard price for a home that came with a 2.5% interest rate.
It comes out in the wash. Simple present value calculation
Same reason I buy old “junk”. It’s higher quality and built better.
Wait till people realize paying a half a million dollars for a starter home in the middle of the desert is not normal and all their neighbors are selling because they lost their job and no one is hiring. Good times ahead. That 2% rate you got does not mean anything to a buyer. Only the seller does it pressure. Or the auction.
I personally prefer older construction, as someone who has flipped homes and worked on property maintenance for the last decade.
Newest builds, MUCH easier to work on and maintain.
Older homes? Much better bones, real solid wood for doors, floors, etc.
Older homes have material that would cost a fortune to build with nowadays. That's why I love em. That, they tend to have more character to them, just like old buildings.
Old construction used to be way more customized. New construction is so cookie cutter. I hate the way it looks in comparison.
Agreed! The home I live in is 90 years old and it's been in my family for 70 years. The house is small, not fancy and there's the maintenance. It took me awhile to appreciate the quality that went into the home's construction.
2012-2020 is the fakest chart ive ever seen
Well if you’re going to overpay, a yard is important. If you have kids a yard is important and millennials are now having bigger families. If you want An addition to your house a yard is important. If you want a finished basement, a house with a finished basement is important. Trees are important for your kids to play in and have a shaded back yard. If you want your kids to go to a school that’s not all black, it’s important. So what should be happening is the baby boomers move into new construction, and the millennials move into the houses the boomers were in. I hope new house get even less desireable so developers actually make houses with yards again. In Florida the new developments are squished they might as well just be townhouses. Why even separate them when there’s only 3 feet between the houses? Then you will be taxed less and pay less for a roof and insurance and Maintaince
Inevitable when people are not allowed to build more in locations they want to be.
This will slow the price erosion.
In my area, all the new built houses are much smaller and ok top of one another and the architectural design is so ugly. No charm. No character. Rather brutalist.
Edit...also the new houses that are sub 250k in a good neighborhood are less than 1300 sqft for a 3/2 and no yard! Ex: lot size 5k sqft with a house on it!
I call them "shoeboxes," they are all so fucking ugly and soulless
There's a "used house" metric? Rofl. Ridiculous
Bidenomics in action!
now that I think about it, when I was looking at houses, new or used were about the same price I feel. smaller lots on newer houses. we can talk about build quality, but nobody really knows that or cares. hmm. didn't actually notice :)
My younger coworker is having a house built for the past couple months. When I asked him about the price a month or so ago he said it was cheaper for a new one than used, and I couldn't believe it. Wild.
New homes, hell -- anything post covid is shit on a stick
So in my town, they keep adding these connected house rows 15 feet from the street. They look like they will be ass in about 10 years. No parking or garages. This shit is going up all over the place here.
Having a home built now. What a disgrace. Builder, that owns the lot, is Indian and all of the workers are central/south American. They could have built this house twice now with all of the fuckups they had to fix and of course, I'm the asshole for pointing them out and demanding they get fix.
"No, you can't run a waterline for a hose bib through the unheated garage and poke it out the front of the house."
"No, I'm not accepting the supply lines for the showers being run in the exterior walls when there are perfectly good interior walls on the other side of the tub. Change the fucking tub to the fucking one that I picked and rerun the lines."
Is this an indication that stock market can’t continue to climb despite rate hikes, increase in gas, food, etc? Is the bubble close to bursting?
better buy now before off shore corpos steal everything.
I will take a while maintained or custom updated older house over new house any day, I have a yard my dogs complain without another house in my fucking front yard. I have a pool room for one, an outdoor kitchen bigger than a weber. Also construction quality. As long as the house never had termites in and I’m not gonna find my girlfriend floating 4 feet off the bed saying “There is no Dana only Zool,” I’ll take the old house every time