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REPORT ABUSIVE REPLY
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Message Subject
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Breaking! DJIA (stock market) to fall below 30K today?
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Poster Handle
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Maddrummerboy |
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Post Content
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We're in the process of finalizing our house plans, planning to break ground around December. Hopefully contractors will start to get desperate and reduce their costs.
Also will be sitting on the sidelines to snag a couple smaller rental houses in our rural area of SE Texas, if we see a downturn around here.
Lots of 6 figure jobs to be had in the oilfield and refineries so we may not see a drastic drop-off like other states
Quoting: Maddrummerboy They may drop their labor charges, or plus up percentage, but the materials cost will still be there. This is a tough time to be building a new house. maybe consider a spec home a builder is desperate to unload? We're on 3 acres, built our barndo that we're in now back in 2014, payed cash as we built. We're going to build the house with cash too so I'm not concerned about interest rates. Supply issues we'll have to work through. Right now we can sub it out ourselves for $150-175sqft depending on finishes that we choose. We've been reluctant to build until we had cash saved to do so. Our neighbors finished their 3500sqft house back in the spring. Took about 10 months for them to complete. Windows took 6 months to get. The wife and daughter work for a building supply company north of houston so they can get us 25% off alot of stuff, doors, windows, trim, etc... Wish us luck! Acting as your own GC will save bundles. The 25% discount is big time when purchasing supplies for a house build. Hope all goes smoothly. 
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