Another Housing Bubble?

[RugerRob]

Your correct on the new construction as well.... granite counters, horrible framing, horrible roofs, garbage flat 15 yr shingles, fake hardwood that is pressed particle board thin layer, cheap carpet,... all this fantastic value for a mere 300,000... I did construction in my youth and when I see how they build these new houses and what they're asking for them I cringe... My house was built in 2008 the previous one I had was 1997 and both are constructed well but even the 1997 house was way more solid.

 

[batoncolle]

And this is the problem with sell high buy high... the intent is usually to sell and downsize to reduce your cost of living but when you sell you soon realize that finding a smaller house at a DECENT price that doesn't require 50K in repairs is a frustrating near impossible thing to do... very time consuming. I went through this and literally every day was on all the sites doing searches, alerts, making lists and not even having the realtor go with me to save time, just scout out the exterior and could instantly tell, crossed houses off and narrowed to ones we wanted to look inside on and then crossed those off over and over again due to repair costs... it was really bad and left me feeling like HOW DO PEOPLE LIVE like this?!?

Do like they do in south Carolina, part a mobile home on a piece of land, build the house next to it over a few years and once it's done sell the mobile home and move in.

It's hearsay, but I've had a few people tell me that many counties in GA won't let you move a mobile home once it's parked so I think in some places you could be stuck with it. But even land is hard to find right now, and I'm looking in 6 counties for land and/or houses. Rent in this area is astronomical because of the Air Force base so it's generally better to buy because you shouldn't have a hard time selling the house.

I really had a nice setup that I sold, but it was time for an upgrade land-wise, and I got it at a steal in the last crash. I'm content to wait to get what I want at the right price, but in the meantime I'm just not about to buy one of these monster houses that are way overpriced.

 

[batoncolle]

Your correct on the new construction as well.... granite counters, horrible framing, horrible roofs, garbage flat 15 yr shingles, fake hardwood that is pressed particle board thin layer, cheap carpet,... all this fantastic value for a mere 300,000... I did construction in my youth and when I see how they build these new houses and what they're asking for them I cringe... My house was built in 2008 the previous one I had was 1997 and both are constructed well but even the 1997 house was way more solid.

I have friends that have bought these new construction houses, and the second the year warranty runs out, the things just start falling apart. Everything about these new builds is just terrible, but they sure do look "pretty".

 

[RugerRob]

The house I'm currently in, honestly I didn't want it, the WIFE drove me nuts and pressured me into it and I still regret it now to this day... She keeps wanting to upgrade this and that and I'm like WHAT FOR? We'll never get our money back and we're not staying here forever...

I really wanted a 2000-2600 ftsq ft single level ranch, it's just her and I and I'm tired of all the stuff and I'm tired of high home insurance and property taxes.

 

[RugerRob]

I have friends that have bought these new construction houses, and the second the year warranty runs out, the things just start falling apart. Everything about these new builds is just terrible, but they sure do look "pretty".

YEP NAIL POPS EVERYWHERE... Watered down junk paint on the walls, after the first year you have to go over EVERY wall and fix nail pops and repaint...

And paint is NOT cheap, if your not a contractor your looking at 35 bucks a gal or better for good quality paint.

 

[rightway1974]

Do like they do in south Carolina, part a mobile home on a piece of land, build the house next to it over a few years and once it's done sell the mobile home and move in

I did that. I put a trailer on 5 acres I own while I Built on my other 45. I rented it for a while then I just let it set empty.

 

[rightway1974]

I'm at 1.5 months, and I have still yet to look at one single house. In fact I've given up on my original goal, and I've decided to just buy the land and build it myself when prices drop again. But I still need something to live in, and I can't even find a cheaper house that I can turn around and sell once I've finished building. The second a decently priced house hits the market, it's gone. But there's plenty of new construction going up, just at ridiculous bubble prices. Put a monster house on a small lot, throw in some granite counter tops, add some trey ceilings, call it custom, and these suckers are knocking each other down to pounce on these poorly constructed McMansions that they can't afford...[/QUOTE]

The dont care. Most of them arent going to stay there more than a couple of years. Once they ruin the county, they will just move on and repeat.

 

[JamesG]

Careful. With Google Earth and cheap drones, its not hard at all for county tax assessors to find and tax/fee/fine "unauthorized" structures... The Man hates to not get his cut.

 

[MMatt30]

Your correct on the new construction as well.... granite counters, horrible framing, horrible roofs, garbage flat 15 yr shingles, fake hardwood that is pressed particle board thin layer, cheap carpet,... all this fantastic value for a mere 300,000... I did construction in my youth and when I see how they build these new houses and what they're asking for them I cringe... My house was built in 2008 the previous one I had was 1997 and both are constructed well but even the 1997 house was way more solid.

My former 1996 built house is **** construction compared to my current 2008 constructed one.

 

[Mikekimatl]

I will say prices didn't scream up during the boom or crash hard in Dunwoody. I have to live somewhere and I love this location. I'm close to everything, I can get most places without using major interstates. My back yard is like a private nature preserve in the middle of the chaos. I can jump in my pontoon boat or kayak on our 27 acre lake and feel I'm far away from everything. You have to live somewhere, so boom or bust, I'm staying here for a long while. Yesterday I woke up to two ducks in my front yard and a huge ass turtle.View attachment 770072

I work in Dunwoody/Perimeter, and as you well know, it's the center of the universe right now. but that traffic is mind blowing... Speaking of traffic, it's just getting worse everywhere.

Housing is one thing. But they need to do something about this traffic, with a projected 3 million people moving to the metro in the next 15 years? Instead of these stupid hot lanes, how about rail along the interstate?