New Home Sales

[Guppy]

Originally Posted by RIROCKHOUND

Literally the only non-impulsive decision you've made in the last 15 years. Buy a boat, sell a boat, buy in Warwick, sell in Warwick, buy an r/v sell an r/v....

You gotta luv the guy! :-)

[RIROCKHOUND]

Originally Posted by Guppy

You gotta luv the guy! :-)

Calling him a character is the understatement of the internet....

[piemma]

Originally Posted by RIROCKHOUND

Calling him a character is the understatement of the internet....

I beg your pardon!

[Clammer]

RIRH

I tried to make a list of things ……….but there isn,t any paper long enough ><>>

[RIROCKHOUND]

Originally Posted by Clammer

RIRH

I tried to make a list of things ……….but there isn,t any paper long enough ><>>

Yup.
Still we love the old bastard 😂😂
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[piemma]

Thank you guys for the kind words. It makes me feel loved!

[piemma]

Just so you skeptics know. We are meeting with a realtor friend April 1.

[Rmarsh]

We are swamped with work right now.....dozen or more houses to build that are all presold....at prices that are hard to believe.
I've got to train someone else to do kitchen and stairs.... so I can take some time off this summer.

[Rmarsh]

Home prices today! Wow! How did we get here? I know I'm getting older and times have changed.....but low $600,000.....for a modest sized home.....never thought I'd see this. But I'm comparing it to when I built a small cape on a 1 1/2 acre lot I paid $6,700 for and $22,500 loan to build it with. Good God seems like ancient history.

[Hookedagain]

In North Attleboro they are selling mobile homes (1400 sq. ft.) in a 55 and older park for $410,000!!!
They are ordering 12 at a time and can't keep them.

[redlite]

Originally Posted by Hookedagain

In North Attleboro they are selling mobile homes (1400 sq. ft.) in a 55 and older park for $410,000!!!
They are ordering 12 at a time and can't keep them.

And I believe most trailer parks the people don't own the land at the end of the day so it equates to a pretty darn expensive camper and campsite
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[Got Stripers]

Our neighbor had a shoddy home built maybe eight years ago, leaked like no tomorrow and they would find one source and another would develop, the builder eventually said see you go sue me. Instead she sold it two weeks ago in three days for $680,000 cash. It’s a three bedroom I wouldn’t give you $400,000 for. I’ve hinted to Peg we should consider cashing out but I don’t see her considering it in the near future.

[Nebe]

Originally Posted by Got Stripers

Our neighbor had a shoddy home built maybe eight years ago, leaked like no tomorrow and they would find one source and another would develop, the builder eventually said see you go sue me. Instead she sold it two weeks ago in three days for $680,000 cash. It’s a three bedroom I wouldn’t give you $400,000 for. I’ve hinted to Peg we should consider cashing out but I don’t see her considering it in the near future.

20 years from now that will be a million dollar house. People were saying this back in 2002 when there was a big boom in prices. Back then that house would have been around 300k.
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[Rmarsh]

So obviously my house is worth alot more than my original investment plus improvements...but replacement costs....needing another place to live..... would negate any gain. Also is the decent sized workshop I built on the property that is something I could never go without.
The market has gone up and down with housing booms and slowdowns....high and low interest rates and now rapidly rising prices.
One thing that has never changed is my ability to find an abundance of work throughout the years........never been laid off....although sometimes i could have used a break.
Anyway...I will never sell my house....no better place out there for us. We've been here since just before the blizzard of '78... lost power for ten days......but as young newlyweds we hardly noticed.



Hoping to pass the property on to my kids when I leave...
Picture is after a snowstorm a couple of years back

[Hookedagain]

Originally Posted by redlite

And I believe most trailer parks the people don't own the land at the end of the day so it equates to a pretty darn expensive camper and campsite
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You are correct, $410K for the unit itself and that park is $595.00 a month for the land lease. They do cut your grass, mulch your beds, trim bushes/trees, remove snow from driveway and walk ways and provide trash removal .hey do not have a basement being a trailer and there are so many restrictions but I suppose they are fine for the people that buy them....not for me. I build a lot of these parks and we currently have a waiting list of over 12 months to get a new unit.

[Rmarsh]

Originally Posted by Nebe

20 years from now that will be a million dollar house. People were saying this back in 2002 when there was a big boom in prices. Back then that house would have been around 300k.
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I dont think the cost of building a new home will level out anytime soon....Its been rising rapidly...especially in the last two years.
Same house we were selling then...went from the high $300 thousand range to now low $600,000 dollars. Our other developments with larger lots and houses are already close to or over a million.

Most likely material prices will continue to increase dramatically over the next few years......and it appears to be closely related to energy costs and policies.

At this point it doesnt seem possible that either one of my two sons, who both work hard at decent jobs will ever be able to afford even a modest new home.

[piemma]

Originally Posted by Nebe

20 years from now that will be a million dollar house. People were saying this back in 2002 when there was a big boom in prices. Back then that house would have been around 300k.
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We bought our land for $7,500 and build our house for $33k. All back in 73, 74. We were recently offered $1.3M. INSANE!!!

The problem is where the hell do you go if you sell? Very limited inventory and prices, as everyone has pointed out, are sky high.

[Nebe]

Originally Posted by piemma

We bought our land for $7,500 and build our house for $33k. All back in 73, 74. We were recently offered $1.3M. INSANE!!!

The problem is where the hell do you go if you sell? Very limited inventory and prices, as everyone has pointed out, are sky high.

You don’t go anywhere. You stay put and enjoy your kingdom
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[piemma]

Originally Posted by Nebe

You don’t go anywhere. You stay put and enjoy your kingdom
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Yup! That's what Jeanne says.

[Rmarsh]

Our new subdivision with 28 house lots will be selling out quickly!
These are smaller homes on smaller lots than we normally have done in the past.... and they are going up fast. I believe they are priced starting in the low $600,000's....crazy!
Before we started on it, a few months ago, my boss wanted reassurance that I wouldnt be retiring this year.

I have spent the last 49 years working in constuction and the wear and tear on my hands is severe, and its becoming more difficult using them , going to hang in to make it a nice round figure of 50 years next June. In the meantime I would like to tutor one of our younger guys on cabinet installation.

Sometimes when I observe the methods of work these kids use i just shake my head....when I know much better ways...but dont want to be overbearing or be the "know it all". If they ask thats different and I am always willing to share what I've learned.

[Guppy]

Grind the trash ! ?
Hell of an idea….
Good read Bob….

and slow down before you stop please…..

[Rmarsh]

Originally Posted by Guppy

Grind the trash ! ?
Hell of an idea….
Good read Bob….

and slow down before you stop please…..

Thanks Ray....yeah the grinder.....we're trying something new......the 30 yard dumpsters can fill up in a matter of hours around here....helped along by private donations.

[Rmarsh]

With the recent rise in interest rates and historic inflation....we are expecting a big drop off in our new home sales. Not a concern for me personally as I am planning on working less....not retiring......just cutting back on work and spend more time doing what I like.

Besides when we are not building homes we have lots of commercial properties that need retrofitting. Never been laid off or out of work since I started in the trade.

In June of next year, it will be fifty years that I have been building homes.... looking forward to that milestone as a finish line, after which I will defer my responsibilities to the youngsters.

[Rmarsh]

Another year has flown by....we were busier than ever....so many houses at such a fast pace. I'm exhausted and barely noticed time marching on.
Subdivision with about fifty houses filled up fast.....As I drive through I cant recall working on them...but know I did.
The year end cash bonuses reflect how appreciative our employer is....but I really want to slow down at some point in the near future. Four of my brothers have already retired.....but are bored silly.

[piemma]

[QUOTEh...but I really want to slow down at some point in the near future. Four of my brothers have already retired.....but are bored silly.[/QUOTE]

...and that's why I keep working. You can't just sit around if you worked hard all your life.

[Got Stripers]

Never understood the caution about being bored in retirement, between golf, fishing, carving, maintaining two homes and family, I don’t have time to be bored.

[Rmarsh]

Originally Posted by Got Stripers

Never understood the caution about being bored in retirement, between golf, fishing, carving, maintaining two homes and
family, I don’t have time to be bored.

I too have hobbies and a home to maintain.....but having had the same routine of getting up and dressed and lunch made before sunrise and a job that I have loved and excelled at for all these years is a hard habit to break. Nice that you made the adjustment so easily. I'll have to make the transition and leave it all behind.....but not until I have to.
I have four brothers that have retired.....one has a high powered telescope and takes pictures of distant galaxies for his fun.....I do like fishing and boating but it's kind of seasonal.

[piemma]

Originally Posted by Got Stripers

Never understood the caution about being bored in retirement, between golf, fishing, carving, maintaining two homes and family, I don’t have time to be bored.

I golf! I fish. I maintain 15 acres, a 2500 sq ft house and 4 out buildings but I like to work!!!!

[Guppy]

Originally Posted by Rmarsh

I too have hobbies and a home to maintain.....but having had the same routine of getting up and dressed and lunch made before sunrise and a job that I have loved and excelled at for all these years is a hard habit to break. Nice that you made the adjustment so easily. I'll have to make the transition and leave it all behind.....but not until I have to.
I have four brothers that have retired.....one has a high powered telescope and takes pictures of distant galaxies for his fun.....I do like fishing and boating but it's kind of seasonal.

That won’t change, just NO pressure to get out the door… trust me LOL

How about make your own hours quality control / super for your present employer for a while,,, you know they’re gonna miss ya ….

good time of life….

[Nebe]

I can’t wait to retire so I can work even harder
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