[AT] Crazy pricing on construction job

Wed May 12 13:30:39 PDT 2021

In several news reports they’ve had housing experts who have indicated that you need to go in with $10M - $15M above asking price for a house if you want a chance at getting it. The market is going full bore and people are willing to pay just about anything to get a house. It’s important to get pre-approved before bidding since the sellers aren’t going to wait for any loan to be approved. They have plenty of offers and aren’t worried about loosing a sale.

As far as prefabs, they’re growing in popularity. Because they’re fabricated using computers, there’s less material waist, which helps keep cost down. They're also built indoors, so weather issues don’t hinder the construction process, which translates into man-hour savings. They can also work on a house 24/7 which shortens build time. Even the basements are prefabricated. Both can be set into place within a couple of days once the foundation is poured and cures. Of the three houses that have been built near us in the last two years, two have been prefabs.

Carl

----- Original Message -----
From: Mike M <meulenms at gmx.com>
To: at at lists.antique-tractor.com
Sent: Wed, 12 May 2021 13:47:54 -0400 (EDT)
Subject: Re: [AT] Crazy pricing on construction job

Also around here pre-owned homes are being gobbled up and are selling
within a week, for above asking price. My oldest daughter is in the
market for a house, and can't find one.

Mike M

On 5/12/2021 12:47 AM, Dean VP wrote:
> Mike, I agree. Read my post to the list.
>
> Dean VP
> Snohomish, WA 98290
> "Socialism is a philosophy of failure, the creed of ignorance, and gospel of
> envy, its inherent virtue is the equal sharing of misery."
> ..Winston Churchill...
>
> -----Original Message-----
> From: AT <at-bounces at lists.antique-tractor.com> On Behalf Of Mike M
> Sent: Tuesday, May 11, 2021 10:49 AM
> To: at at lists.antique-tractor.com
> Subject: Re: [AT] Crazy pricing on construction job
>
> Hi Dean, I think it's the mills that are stepping on it. I have a neighbor
> who farms, and is a real logger, he has the giant grapples and all. He has
> 8-10ft logs stacked to the the moon. I have never seen him with so much
> lumber around the farm. I think his reimbursement has stalled and the mills
> and retailers are getting rich. Right now around here a sheet of 1/2" OSB
> used to sell for $10, now it's $40.
>
> Mike M
>
> On 5/10/2021 11:58 PM, Dean VP wrote:
>> I received a few quotes on building a replacement deck on our house
>> last summer but had to abandon the project due to scheduling issues.
>> So I immediately restarted the process this year after we got back
>> from AZ. I am completely flabbergasted by the prices I am getting this
>> year.  The quotes I have received so far are up by 80% to 125%.
>> Unbelievable.  I have been told that lumber prices have quadrupled in
>> the last year.  Is that really true? I haven't gone to a lumber yard
>> lately.  I've been told that 5 quarter Cedar is slightly higher than a
>> composite floor and I live where Cedar trees grow wild. .  I am just flat
> stunned. How much of this is just fluff right now
>> and will eventually go away or is this inflation that is here to stay?
> Or
>> do I try and ride it out and wait another year. I didn't plan or
>> expect the have to pay this much for a new deck on the house.  The house
> and the
>> neighborhood will withstand this much investment but....WOW!!!   I
> honestly
>> feel like I'm a sucker right now.  What the heck is the cause of all this?
>>
>> Dean VP
>> Snohomish, WA 98290
>> "Socialism is a philosophy of failure, the creed of ignorance, and
>> gospel of envy, its inherent virtue is the equal sharing of misery."
>> ..Winston Churchill...
>>
>>
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