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Yes, raw goods and materials is so crazy right now that we are only holding our prices for a month. Anything longer and you could end up in the red. Metal is up 35% since end of summer!
And the construction just keeps rolling on. Which goes back to the question....where is all this money coming from?
Yes, raw goods and materials is so crazy right now that we are only holding our prices for a month. Anything longer and you could end up in the red. Metal is up 35% since end of summer!
And the construction just keeps rolling on. Which goes back to the question....where is all this money coming from?
Umm, the last 3 Presidents (War on Terror, War on Fiscal Collapse, War on Democrats/War on Covid) spent trillions and the Fed has primed the pump for years, while keeping interest flat. The inflation #'s have been straight hooey/BS/lies for years. When demand was low, the money went to the market, crypto and RE. Now that demand is up, it will go to consumables. Inflation and job numbers are the real fake news.
Yes i know. We are looking as well. We asked $20k over asking price but another buyer had CASH & it’s an $800k house!! Crazy. How do ppl have so much money?
Maybe they have a YouTube channel
__________________
"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
And this is what I never understood. If it is really going to be like that for your entire life to afford it here then move. There is a whole entire planet out there. Why stay on a little island?
Quote:
Originally Posted by RPC324
It's the dilemma of working 3 jobs to afford the house, just so you can never actually be inside the house
And this is what I never understood. If it is really going to be like that for your entire life to afford it here then move. There is a whole entire planet out there. Why stay on a little island?
Agree. Having traveled a bit, I learned the world is a much more interesting place than LI and even NYC. There's a lot of boring sameness on LI: the traffic, strip malls, chain restaurants, etc. There are few spots on LI of real interest, and they're difficult to drive to.
Three jobs paying for an overpriced house with bloated taxes is just nuts, IMHO. If I needed to stay on LI for a job or be close to family, I'd buy the cheapest, smallest house I could tolerate because the carrying costs are just not worth it. At this point, I think LI r.e. is a poor value because of the taxes.
And this is what I never understood. If it is really going to be like that for your entire life to afford it here then move. There is a whole entire planet out there. Why stay on a little island?
Ehhh i happen to love it here but im here for family. I would rather live more poorly here than better anywhere else ... bc family isnt there. So i do what I can to be near family
So true! I saw a condo listed online in Lancaster PA on Friday. Went up on Sat to look at it. It was sold for 15k ABOVE asking price. All within one day.
Yep. Having the same issue in NE PA region...which generally is a pretty stagnant market.
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