Posted by dhermesc on October 31, 2022 at 06:14:24 from (12.149.56.202):
In Reply to: Home Prices Thoughtd ? posted by whizkidkyus on October 30, 2022 at 21:59:52:
Depends on where you are. Market prices have just started to come down - but some sellers still think its last spring when your asking price was the base price and people bid against each other from there. I just picked up a little house in a little town - still think I paid too much but there was a definite decline in prices in even the last month. But mortgages are now in the 7% range, huge difference from my just paid off mortgage that was just 3%.
The biggest issue is building is almost out of the question. Materials are off the chart. 4 years ago I built a little 30X40 pole shed to stack hay in. As always I built it too small. To make a 15x40 lean to on that building is going to cost me about the same as the original 30X40 shed. That's half the poles (and shorter) no trusses - just 2X6 rafters for the span. I used galvanized roofing originally and I can't even find it now - I priced it with white roofing because that is the next cheapest.
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