hollydolly
SF VIP
- Location
- London England
Just watched this new Video.. thought as many of you in the US live or would like to live in a manufactured home you might be interested in this...
WARNING Signs of a Manufactured Housing CRASH
- Thread starter hollydolly
- Start date
Obviously the manufactured homes are increasing in cost due to the upsurge in pricing of "stick built" homes. The cost of remodeling is skyrocketing, so that's a big factor in deciding what you want to do. With a new manufactured home, everything is well "new" so nothing has to be done. Sell your neighborhood house and buy a manufactured one, maybe? Especially if you are older and don't want to be bothered with yard work. Supply and demand does it every time. Crazy, for sure.
The price of lumber is way up - there’s a shortage.
Houses, not just manufactured, are selling over asking and fast.
Interest rates are low & people want to enter the market. If the rates go back up and they can’t make the payments, there’ll be lots of places available for less.
Houses, not just manufactured, are selling over asking and fast.
Interest rates are low & people want to enter the market. If the rates go back up and they can’t make the payments, there’ll be lots of places available for less.
digifoss
Member
- Location
- New Mexico
There is one company is already building a manufactured home plant just east of town, and a second company is negotiating to build one on the west side of town. Both of these companies build their manufactured homes out of the metal containers hauled on ships and rail. There is also a shortage of housing in the area so one of the things they are proposing is to build two new communities using their manufactured houses for the homes.
hollydolly
SF VIP
- Location
- London England
Skyking
Member
I totally agree with all you said except for one thing. Does anyone buy a variable interest (adjusted rate) loan anymore? So I have relatives buying homes, fixed-rate 30 years and they'll pay much less than renting from the get go. Then considering their housing payments are fixed for 30 years...wow! They won't be able to rent and thus maybe there will be a shortage. (Though, I did get a D in economics
)
fmdog44
Well-known Member
- Location
- Houston, Texas
Good time to sells homes and cars if you are thinking about it.
terry123
Well-known Member
- Location
- Houston, Tx.
The price of lumber has affected our condo complex too. They are constantly repairing the fences and gates here and I have heard the office discussing how expensive the lumber is now.
Giantsfan1954
Member
Totally agree, they’re all decked out for looks and the workmanship is crap!
You shoulda seen our work crews slap those places together
We'd all get bonuses if we met or beat the quotas
And the materials...whoa......pure crap
Put together with Elmer's glue and staples
Don M.
Well-known Member
- Location
- central Missouri
This pandemic appears to be causing a housing "bubble", that will most likely Crash in another year, or two. The huge increase in the price of building supplies, etc., will begin to level out as this virus is brought under control, and manufacturing/construction begins to return to normal. Those who are outbidding each other for houses today, may well be kicking themselves when the house they paid a ridiculous sum for winds up being valued at half, or less, of what they paid.
fmdog44
Well-known Member
- Location
- Houston, Texas
I watched a documentary about the threats to the forests of the world and in one part they said the glue used today is stronger than steel and so some high rises are built with wood only. Hard to believe but who knows?
SetWave
Well-known Member
- Location
- Monterey Bay
Packerjohn
Packerjohn
- Location
- Canada
Great video. I watched it to the end. Sure makes me glad that I am renting. No more "rat race" for me!
SetWave
Well-known Member
- Location
- Monterey Bay
The long touted San Francisco Millennial Tower has been sinking since it's inception. "They" say the problem is solved but I'll believe that when the Leaning Tower of Pisa stands up straight.
hollydolly
SF VIP
- Location
- London England
This is his follow up just a couple of weeks after the first
Giantsfan1954
Member
And all the doors and windows are odd sizes and have to be special ordered!
Lived in 1 for almost 20 years, hate them!
Including the plumbing fixtures.
Sliverfox
Senior Member
Before pandemic,, hubby couldn't sell a load of logs.
When they did sell,, believe they went to China.
Ash borer has killed off lot of ash trees in PA.
The ash borer gets between the bark of the tree,,killing it.
There are other parasites attacking trees.
When they did sell,, believe they went to China.
Ash borer has killed off lot of ash trees in PA.
The ash borer gets between the bark of the tree,,killing it.
There are other parasites attacking trees.
Tish
SF VIP
- Location
- Rural N.S.W. Australia
It is definitely a seller's market.
Whether interest rates rise or not will have a lot to do with it. Obviously interest rates are at rock bottom, so the money saved by a less expensive house can be easily eaten up by the escalating rates tomorrow also. Maybe a perfect storm coming.
tbeltrans
Senior Member
So now we have COVID, deadly virus vaccines, gas and oil shortages, food shortages, rapidly rising prices, UFOs, a housing crash, and who knows what else. At least for now, we apparently have enough toilet paper.
All this begs the question...did Jim Jones leave any of his Kool aid for the rest of us?
Tony
All this begs the question...did Jim Jones leave any of his Kool aid for the rest of us?
Tony