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Old 07-13-2018, 11:48 AM
 
Location: New England
1,924 posts, read 1,067,550 times
Reputation: 1682

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Quote:
Originally Posted by tickyul View Post
New inventory will not lower the price of housing. These builders are not building cheapo, entry-level homes.

This red-hot market is the perfect time for each home built, to be something that is sold at a price that is above and beyond all comparables in the area. That is what builders are shooting for.
Yes the new inventory won't be cheap, but the idea is that wealthy people will be less likely to buy up older housing stock and renovate it if there are new options available.

A perfect market would be if the new housing is plentiful for the wealthy while the older housing is plentiful for everyone else.
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Old 07-13-2018, 12:00 PM
 
2,360 posts, read 1,026,502 times
Reputation: 2071
Quote:
Originally Posted by tysmith95 View Post
Yes the new inventory won't be cheap, but the idea is that wealthy people will be less likely to buy up older housing stock and renovate it if there are new options available.

A perfect market would be if the new housing is plentiful for the wealthy while the older housing is plentiful for everyone else.

Yep in a real world but not in a world where the big business market can manipulate the prices so damn easy. Doesnt matter were you are in the country, your city or community should be flooded with some empty house to the point they can be fillled up with 90 days of build, so they dont sit too long but be plentiful for new movers to relocate.
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Old 07-13-2018, 12:43 PM
 
Location: California
4,445 posts, read 5,168,213 times
Reputation: 9180
Go to the local food pantry and then sell the produce on the streets for a profit! You see it happening downtown so be prepared for competition, but at least it will boost your income. LOL, we don't always get what we want in this world.
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Old 07-13-2018, 01:13 PM
 
Location: Tennessee
20,948 posts, read 15,267,317 times
Reputation: 23722
Quote:
Originally Posted by Aredhel View Post
Most metros aren't San Francisco. There are places in the US where there are jobs and where you would NOT be priced out of the market. Consider looking for a job in one of them.
Exactly.

There are two extremes in the market. The first is like San Francisco. The other, less talked about extreme, is like coal country where I'm from. In this market, prices continue to fall because there are virtually no living wage jobs are available, nor is the area of interest to retirees or out of area transplants. Inventory may be up because those can get out and get to the better areas do, and there is little interest in their property.
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Old 07-13-2018, 03:50 PM
 
Location: NC
6,081 posts, read 7,023,877 times
Reputation: 12054
Retirees want to live where there is good medical care available. Build a good hospital in coal country, add a coffee shop and a cute restaurant, keep the area lawful, and you may get an influx of retirees.
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Old 07-13-2018, 04:47 PM
 
2,360 posts, read 1,026,502 times
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Quote:
Originally Posted by luv4horses View Post
Retirees want to live where there is good medical care available. Build a good hospital in coal country, add a coffee shop and a cute restaurant, keep the area lawful, and you may get an influx of retirees.
and less kids and loud music.. and u got a good town.


GET OFF MY LAWN!
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