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Lumber crash leads to 'blowout' sales as prices crater

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Re: Lumber crash leads to 'blowout' sales as prices crater

#281

Are houses in the US solely built using lumber/wood or do they have brick walls and concrete floors like here in Europe?

As a European having lived in the US, brick walls and concrete floors are definitely a way rarer find than in Europe. Even some single-floor multi-apartment complexes are entirely wooden. The typical motel from American movies, but instead residential, is also almost entirely wooden.

Re: Lumber crash leads to 'blowout' sales as prices crater

#282
post #139

Earlier quoted context omitted.

> check on it every day you got it. > Is there a better way? no.

It is hard since even experienced and capable builders might still take you for a ride. In the UK, plumbers are notorious for not turning up to jobs and not even calling etc. Those that know what they are doing are also prone to inflate a quote to someone they think can afford it. The other problem in the UK is there is no formal registry for a "builder" as opposed to plumbers, electricians and even window fitters th…

> There is definitely a need for good people skills (passive aggressive doesn't work on the building site) and being clear up-front.

You don't even need good people skills, just being aggressive works, but you do have to be clear up-front: "stop right now, I am sure you fucked up this part: either prove to me I am wrong or redo it ASAP or I am not paying you for this" works much better than rolling out a list of complaints when they present the final bill.

Re: Lumber crash leads to 'blowout' sales as prices crater

#283
post #221

Earlier quoted context omitted.

I would wait. I'm an licensed inactive General Contractor. If 14 months ago, they were building them for $450,000, I'd wait. I'd shop around for another contractor too. A young guy starting out, might save you a lot. (There's no way to verify he knows what he's doing though.) If you are some what handy, it's not that difficult to owner build your own house. That is if you get the blueprints past the town's council. G…

> I just pictured a typical computer developer in a wet lot, with an unhappy wife. Have you heard of the TV programme Grand Designs ? It's just this over and over again. Sometimes the wife is pregnant, sometimes they're living in a caravan on site. https://www.channel4.com/programmes/grand-designs They're not trying to build anything as simple as a house, either, the "grand" part implies some mad architectural vision…

> while also looking completely horrendous in its rural setting

Reminds me of my grandpa’s house kinda. Well, he’s from Southern Europe, so he built a brick box amongst a bunch of mid century/post WWII vinyl siding houses. Nothing wrong with it, but sticks out. Sure is solid though. And a cube is a good use of materials to maximize inside space to perimeter ratio.

Re: Lumber crash leads to 'blowout' sales as prices crater

#284
post #98

Earlier quoted context omitted.

its still expensive to borrow $700,000, on top of your current expenses. that's an extra payment of $3300, whos got that laying around to wait for a house to be built

If the Fed is committed to propping up equity markets which they asserted in no uncertain terms when markets died in the beginnings of the realization that COVID was going to be much more substantive than SARS or H1N1, it was clear that equity markets would take the "good news" of lockdowns + continued lower interest rates as signs that equity markets were going to continue to rally. I mean basically where is there y…

You know, all these people talking about savings being sacred and driving investment. All that stimulus did nothing. It turns out, unlike the cartoon villain depictions of government in various economic ideologies, governments are one of the biggest drivers of investment in an economy and taking money away from them often results in less investment overall. Meanwhile it's the private sector that failed to invest its money.

When people talk more and more about how lower taxes on the rich boost investment you already know that private investment is dead and won't recover no matter what you do.

Re: Lumber crash leads to 'blowout' sales as prices crater

#285
post #90
post #60

Earlier quoted context omitted.

If I may ask, what are your thoughts on BuildZoom? If I go through them can I be more certain about quality work? I have heard many horror stories of people who had houses built and the builders made terrible mistakes. The person having the house built had to micromanage them and kept finding bad mistakes, like "forgetting" to put insulation in walls before the drywall, putting a window in the wrong spot, or putting…

Unconventional, a St Louis entrepreneur built a container house. Few things to go wrong there.

Works if you like narrow rooms smelling like an old fridge.

Re: Lumber crash leads to 'blowout' sales as prices crater

#286

Earlier quoted context omitted.

> Sometimes the wife is pregnant The mid project reveal is always "surprise we are pregnant". It brings me great added joy when they are building a 'dream' 3 bedroom house and it is the 3rd kid that they are pregnant with.

One bedroom for the parents, two bedrooms for the kids. As long as all kids conform to the gender binary, two bedrooms should be enough.

I am more than comfortable for that to be your 'dream home' but it is not my dream home.

Re: Lumber crash leads to 'blowout' sales as prices crater

#287
post #277

Earlier quoted context omitted.

Do mobs do this? No, I meant a legitimate intermediary. If builders get to overcommit and then cancel on their customers, why shouldn't a customer be able to do it too? The intermediary would just offer a service of doing that for you - booking multiple companies for your construction project, waiting until the last second, and cancelling all but one.

Builders often require a nonrefundable deposit to purchase materials prior to the start of a job. That’s where the squeeze happens, after you’ve already selected your contractor.

Huh, so they overcommit, accept deposits, then force some of those customers out - do they return those deposits then? If not, how is this not criminal?

Re: Lumber crash leads to 'blowout' sales as prices crater

#288
post #135

Earlier quoted context omitted.

Spend 3 months watching YouTube, you'll probably learn more tips than many contractors know. Then 3 months practicing small mock-ups - building forms, frames, stairs, windows, roofs, installing insulation, vapor barriers, sheeting, drywall. A fancy shed isn't a bad place to start. Plan on hiring a plumber, electrician, and HVAC specialist. Probably another 3-6 months to figure out all the paperwork.

> 3 months practicing small mock-ups Each mock-up slightly bigger than the last, until one day...

If you make each mock-up twice as big you'll spend at most double the amount.

Re: Lumber crash leads to 'blowout' sales as prices crater

#290

I’ve been following these prices closely for most of the year and what’s striking to me is just how wrong nearly all the industry experts were throughout the year. I don’t recall reading a single opinion that was anything other than “prices will remain very high for the foreseeable future.”

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