How bad does it have to get to slow this down?






$400,000 and up.

It's slowing down fast

It’s pretty bad if that is only $400K.

According to the folks putting them together, they can’t slap them together fast enough. Who’s buying them houses?

There’s probably one house in the there that is $400k and it’s right next to the recycling center. lol

People from DC, NY and NJ who are escaping high taxes. So they can come here and demand higher taxes.

lol

There's been a little over 500,000 legal immigrants, 2,760,000 known illegal aliens and many more unknown illegal aliens that moved here this year. The US pays for the housing of most of those people. That's a huge boom for the housing market.

Keith

There building for the market that isn't going to happen if you want a new cheap house next year the banks will have lots

It is slowing now.

Even if they come down. 30% they still won't be "cheap". Houses here that sold for 175k 3 years ago are now 380k,

Old money.
We just waited 3 months for concrete, 3 months for floor trusses, and who knows how long for roof trussses. .
People have retired from good jobs with big 401k accounts. Landowners have big assets now if they bought land 20+ yrs ago. It's a big country and there's big money out there.

The bubble will burst and I think within the next year.

400k is cheap where Hobbie is talking about.

Economy is in general slowing down. Steel prices are going lower and some commodities are more available. However it is really something to see the economy as strong as it is or has been with all the head winds that it is facing. The economy really wants to grow even with all the inpediments. The younger generation needs two good jobs and put together a savings plan and create wealth while they are working so they can do all the activities they like doing which require a lot of funds compard to baby boomers like myself.

Bryce

Be like all them big cities in China that the commies built to create work,but no one lives there.
Same difference in the west-only its all hired purchase-same thing-other peoples money-then the bottom falls out and down comes the whole shebang like a house of cards.

You’re right Rob, I visited the website and they start at $700k., again I ask, who is buying these places?

Baby boomer's kids

Plus the young among us don't raise kids now, they raise dogs. You know how much freed up cash you have without kids?
Zillions.
So they by a house with internet and an HOA fee and bingo was his name o....

I bet it's college graduates buying those fancy houses. With blue collar workers set to be paying off their student loans, they can now afford a higher mortgage payment.lol