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Old 02-10-2007, 03:17 AM   #1
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Default Why can't houses be cheaper?

Welp tomorrow morning I am taking the big gamble.. putting down cash on a new construction home $430K a hideously over priced house to be built in Southern Maryland (delivery date in June).. (in the midwest it would cost $150k on a half acre).. If I don't sell my House in the midwest ($185k sale price for anyone interested in a home in Omaha).. I will basically be screwed. I will have to walk 16 miles a day uphill in the snow to work every day for lack of gas money..

But really, we are excited, building a home to our specs is really cool. The wife gets the colors she wants, (the incentives are granite counters and ceramic tile), and I get my "Man space" to brew my beer with built in deep sink and brew gear cleaning area. I selected the house model and customized it for brewing.. wifey got her crap..I got mine... I will now have a dedicated brewing area and a "lagering closet" I'm having built into the basement

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Old 02-10-2007, 05:21 AM   #2
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Amazing how real estate prices are so high on the coasts. My sister lives near San Francisco, and the house that she paid almost a million for is smaller, though newer, than mine. She has a cracker-box cookie cutter lot, and I'm on an acre. My house was $150K. Even around here, though, home prices are on the rise,too, but not nearly as bad as the coastal areas.

EDIT: BTW congrats on your new digs! May your brews always come out the way you want!

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Old 02-10-2007, 05:57 AM   #3
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Quote:
Originally Posted by budbo
But really, we are excited, building a home to our specs is really cool.
ok wait a minute . . . I didnt notice this on the other board and probably wouldnt have mentioned it there if I did . . .
Your specs . . . they include a brewery?
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Old 02-10-2007, 02:23 PM   #4
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Quote:
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ok wait a minute . . . I didnt notice this on the other board and probably wouldnt have mentioned it there if I did . . .
Your specs . . . they include a brewery?
Ohter board? what other board???
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Old 02-10-2007, 05:50 PM   #5
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Man, that question is right up there with "Tell me everything you know about women"...

As for the real estate question...the simple answer is GREED!!

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Old 02-10-2007, 05:53 PM   #6
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Budbo,

I feel for you,

But let me tell you, the price of your house would be double if you lived anywhere near the beltway. Most homes in my neighborhood are between 600 000 to 800 000 dollars. We're talking about average middle class homes here. Insane!

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Old 02-10-2007, 06:09 PM   #7
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Don't lump the whole Midwest together - the Chicagoland real estate market is way up there too. It makes me sick to see what I can buy in other areas for what I've got in my house.

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Old 02-10-2007, 06:16 PM   #8
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Could be worse, but with more and more people leaving the country-side and heading for the city. Even out here, 6 miles north of the middle of nowhere, my accessed value went up $50K last year. Not something complicated like 31.93%, just $50 grand tacked on to the tax value. I have no idea if that is meaningful. I do know there are properties around here that have been on the market for 2-3 years.

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Old 02-10-2007, 06:21 PM   #9
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In central Indiana, you can EASILY buy a new to 5 yr old home, 4 beds, 2+ baths and 2300+ sq feet for 150K... THere isnt much to see here, but since I fly 4 days a week, I see all I need to see. It is nice not to have bills when I come home! I could neer fork over that much dough on a house....ugh.

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Old 02-10-2007, 06:33 PM   #10
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Around here is pretty much average, not cheap but not expensive. Prices are definitely rising but not like the last decade or two in the super hot markets.

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