Vacation Home Buying Fizzling. RV's too?
How many think this article from the Washington Post could be reprinted substituting "RV's and Boats" for "Vacation Homes"? Those monthly payments are going to start looking ugly when you're finding ...
Forum Discussion
Wade44 wrote:way2roll wrote:
Housing prices are up because there is a shortage of homes in desirable areas. Lots of demand, no supply. We see supply and demand issues affecting literally everything right now, mostly a fallout of Covid. This is a completely different and normal part of economics and the sky is not falling. The Fed is increasing rates to help curb inflation caused by this unpredicted supply and demand issue. Not to mention they haven't raised rates in a very long time. It's not doom and gloom.
I wonder what $11.00 2X6X93-5/8" studs and $37.00 sheets of 7/16" OSB have to do with it LOL. I never knew how much I enjoyed the Lowe's Saturday special every once in awhile with the $4.97 7/16" OSB.
I look at it all using other barometers however, such as my fertilizer costs, some of which are up over 400% which is unprecedented, it's new territory and its gotten / going to get ugly. I won't get started on diesel / fuel prices. The sky fell over a year ago and you're walking on it, it is soon going to crack. You can not eat your house.
I hear you on fuel costs. it's definitely a head scratcher. If supply and demand are supposed to be the factors in determining rising costs, that does NOT explain the continual rising cost of diesel. Plenty of supply, yet here we are. Coincidental there is a big push for EV's? And yes, building costs are up. That wouldn't explain the rising costs of resales though. It's pretty common knowledge inventory on pre existing homes is very low. That dictates the risings costs. This thread is about vacation homes fizzling. And my point through these posts is that it isn't. Not sure where the author got their facts but that's not the case in my area. For every home about to go on the market there are 30 offers waiting. Many sight un-seen and all over ask with heavy cash incentives. All of them under contract in a day. I could sell my house tomorrow for easily double what I paid a few years ago. Of course I'd have to have somewhere to go. Thought of hitting the road full time in my FW with my cash and wait til the market settles... We are actively looking for a piece of land to do just that.
