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  • May 5, 2009 at 11:08 PM #394200
    jpinpb
    Participant

    Exactly. Think ghost town:

    Homes destroyed

    May 6, 2009 at 7:41 AM #393631
    peterb
    Participant

    It’s supply and demand. Fire insurance is for replacement value. Until we run out of existing houses from demand, replacement is not a relevent concern nor a way to value.

    May 6, 2009 at 7:41 AM #393890
    peterb
    Participant

    It’s supply and demand. Fire insurance is for replacement value. Until we run out of existing houses from demand, replacement is not a relevent concern nor a way to value.

    May 6, 2009 at 7:41 AM #394105
    peterb
    Participant

    It’s supply and demand. Fire insurance is for replacement value. Until we run out of existing houses from demand, replacement is not a relevent concern nor a way to value.

    May 6, 2009 at 7:41 AM #394159
    peterb
    Participant

    It’s supply and demand. Fire insurance is for replacement value. Until we run out of existing houses from demand, replacement is not a relevent concern nor a way to value.

    May 6, 2009 at 7:41 AM #394301
    peterb
    Participant

    It’s supply and demand. Fire insurance is for replacement value. Until we run out of existing houses from demand, replacement is not a relevent concern nor a way to value.

    May 6, 2009 at 8:03 AM #393651
    Anonymous
    Guest

    I’ve been dealing with sme real estate agents who pitch various houses with the “well, you couldn’t even build it for the price it’s selling for”.

    It’s the same thing with cars. You couldn’t build that 20 year old car for the replacement cost of brand new. Nor would you expect to be able to. Why would you expect a 30 year old house to cost the same as building a brand new house?

    May 6, 2009 at 8:03 AM #393910
    Anonymous
    Guest

    I’ve been dealing with sme real estate agents who pitch various houses with the “well, you couldn’t even build it for the price it’s selling for”.

    It’s the same thing with cars. You couldn’t build that 20 year old car for the replacement cost of brand new. Nor would you expect to be able to. Why would you expect a 30 year old house to cost the same as building a brand new house?

    May 6, 2009 at 8:03 AM #394124
    Anonymous
    Guest

    I’ve been dealing with sme real estate agents who pitch various houses with the “well, you couldn’t even build it for the price it’s selling for”.

    It’s the same thing with cars. You couldn’t build that 20 year old car for the replacement cost of brand new. Nor would you expect to be able to. Why would you expect a 30 year old house to cost the same as building a brand new house?

    May 6, 2009 at 8:03 AM #394178
    Anonymous
    Guest

    I’ve been dealing with sme real estate agents who pitch various houses with the “well, you couldn’t even build it for the price it’s selling for”.

    It’s the same thing with cars. You couldn’t build that 20 year old car for the replacement cost of brand new. Nor would you expect to be able to. Why would you expect a 30 year old house to cost the same as building a brand new house?

    May 6, 2009 at 8:03 AM #394321
    Anonymous
    Guest

    I’ve been dealing with sme real estate agents who pitch various houses with the “well, you couldn’t even build it for the price it’s selling for”.

    It’s the same thing with cars. You couldn’t build that 20 year old car for the replacement cost of brand new. Nor would you expect to be able to. Why would you expect a 30 year old house to cost the same as building a brand new house?

    May 6, 2009 at 9:33 AM #393706
    NotCranky
    Participant

    There is a twist on replacement cost in this article. Basically, don’t wait to buy until replacement cost influences the market instead of bubble and recession inventory…

    http://housingdoom.com/2009/05/06/mike-folkerth-is-it-time-to-buy-real-estate/

    May 6, 2009 at 9:33 AM #393965
    NotCranky
    Participant

    There is a twist on replacement cost in this article. Basically, don’t wait to buy until replacement cost influences the market instead of bubble and recession inventory…

    http://housingdoom.com/2009/05/06/mike-folkerth-is-it-time-to-buy-real-estate/

    May 6, 2009 at 9:33 AM #394179
    NotCranky
    Participant

    There is a twist on replacement cost in this article. Basically, don’t wait to buy until replacement cost influences the market instead of bubble and recession inventory…

    http://housingdoom.com/2009/05/06/mike-folkerth-is-it-time-to-buy-real-estate/

    May 6, 2009 at 9:33 AM #394234
    NotCranky
    Participant

    There is a twist on replacement cost in this article. Basically, don’t wait to buy until replacement cost influences the market instead of bubble and recession inventory…

    http://housingdoom.com/2009/05/06/mike-folkerth-is-it-time-to-buy-real-estate/

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