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Old 07-29-2009, 04:52 PM
 
Location: 5,400 feet
3,575 posts, read 3,177,162 times
Reputation: 5204

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This is NM rruff. You know that a lot of palms have to be crossed before anythng can happen.
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Old 07-29-2009, 08:52 PM
 
Location: Ruidoso, NM
5,459 posts, read 5,589,535 times
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I haven't experienced that yet, but I'm curious as to who exactly you need to pay off to get a house built.
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Old 07-30-2009, 07:48 AM
 
Location: OKLAHOMA
1,789 posts, read 3,861,133 times
Reputation: 998
Quote:
Originally Posted by rruff View Post
Hey, I pay gross-receipts tax. It functions very much like a sales tax, only it is not charged to the consumer directly. Either way it works out the same.

So... do people in other states have to pay a sales tax when they purchase a new house? If they don't, then that would account for 5-7%... but if they do, then there is no difference at all.

Still looking for what appears to be difference of 50% or more in construction cost...
I've never paid sales tax on a house and I've lived in several states? Just curious as to why it is so costly to build in NM> I live in OK, my house seems to be on a higher level than the homes I see for sale (subtracting land of couse, talking just building). I could build my home for 1/2 the price of NM. WHY!!!!! We're excluding land now.

It seems to me that materials costs would be around the same price. The only thing that would go up would be labor. Labor in different areas is different but not to bring the home building cost up that much, well that is my opinion at least.
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Old 07-30-2009, 09:11 AM
 
Location: Ruidoso, NM
5,459 posts, read 5,589,535 times
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Quote:
Originally Posted by debbie at bouontiful View Post
Labor in different areas is different but not to bring the home building cost up that much, well that is my opinion at least.
Lots of illegals in OK? There are in NM... and I'd guess that much of the construction is done by them. There are no unions here either and I know my neighbor made $12/hr and no benefits as an electrician. So I don't see how the labor costs would be high in NM compared to pretty much anywhere in the US.
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Old 08-01-2009, 09:49 PM
 
Location: OKLAHOMA
1,789 posts, read 3,861,133 times
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Quote:
Originally Posted by rruff View Post
Lots of illegals in OK? There are in NM... and I'd guess that much of the construction is done by them. There are no unions here either and I know my neighbor made $12/hr and no benefits as an electrician. So I don't see how the labor costs would be high in NM compared to pretty much anywhere in the US.

I actually do not know if there is alot of illegals. Probably being so close to Texas and New Mexico but I believe OK is one of the few States that does't tolerate I THINK. I guess the price is as to what you can get away with.
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Old 08-03-2009, 11:58 PM
 
15 posts, read 27,426 times
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Quote:
Originally Posted by domino View Post
Businesses can only pass on what the market will bear. I would be willing to bet that the construction companies absorb some of the tax hit, especially in lean times.

When it comes to GRT, businesses pass on 100%. It's treated like a sales tax would be in any other state. That's why goods and services are more expensive, particularly in the smaller counties. No business can afford to eat 7-8% loss of their gross profits.

I am continually amazed at the moronic voters who will run to the polls to vote in an increase in the GRT because it's been sold to them as a tax on business. The state statutes are very clear and grant us the ability to pass it on directly to the consumer.
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Old 08-04-2009, 12:25 AM
 
15 posts, read 27,426 times
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Quote:
Originally Posted by javak View Post

Does anyone have an idea on what it costs to build a 3000 sq. ft. pueblo house in the Albuquerque / Taos area ? It seems there is plenty of cheap land available in the outskirt areas , but the cost of pre existing homes seems high .

Does it cost less to build a standard quality home or buy one already built ?

There is no "cheap" usable land in the Taos area. The cheapest land will typically have no utilities and water levels starting at about 600 ft.
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Old 08-04-2009, 08:51 AM
 
Location: 32°19'03.7"N 106°43'55.9"W
8,288 posts, read 18,208,863 times
Reputation: 7781
Quote:
Originally Posted by Capitalist View Post
When it comes to GRT, businesses pass on 100%. It's treated like a sales tax would be in any other state. That's why goods and services are more expensive, particularly in the smaller counties. No business can afford to eat 7-8% loss of their gross profits.

I am continually amazed at the moronic voters who will run to the polls to vote in an increase in the GRT because it's been sold to them as a tax on business. The state statutes are very clear and grant us the ability to pass it on directly to the consumer.
Take a bow, sir.
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Old 08-04-2009, 12:27 PM
 
206 posts, read 473,309 times
Reputation: 189
Just a guess... maybe a shortage of skilled craftsmen; carpenters, plumbers, electricians e.t.c.
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Old 08-04-2009, 02:34 PM
 
4,246 posts, read 11,054,736 times
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Quote:
Originally Posted by Poncho_NM View Post
Impact fees are implemented by local governments on a new or proposed development/construction to help assist or pay for a portion of the costs that the new development may cause with public services to the new development. Most obvious are roads, street lighting, electrical access, etc.

Impact Fees FAQ - City of Albuquerque



Rich

In SE Texas we called that MUD Taxes. Or atleast that's what it sounds like. Made property taxes about 1500 more a year.
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