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gn
Participant[quote=AN]Regarding remodel, I just redid the entire kitchen, 1 bath, 1 wet bar, for about ~$22-25k total. This is w/ maple cabinets w/ cherry stained, full extension drawers, lazy susan in the corner cabinet, 6″ back splash and full height back splash where the stove is, marble floor. I think you can save a lot by doing a lot of the general contractor job yourself. It took me ~2 weeks from start to finish. Marble floor takes about 5 days to do, cabinets took about 3 days, demo took 2 days. If you want reference, I can refer you to the general contractor I use.[/quote]
AN, thanks for sharing your experience. I’d like to ask you some questions about your remodeling:
– Did you basically go to a general contractor, told him about your preferences for the materials/colors & then let the contractor handle everything ? Did you find your contractor from the advertisements in the magazines ?
– If you had gone to Home Depot, pick out the cabinet & marble/granite & let Home Depot do the work for you, would it have cost more ? How would the quality of the product & the workmanship compare to using a general contractor ?Participant[quote=AN]Regarding remodel, I just redid the entire kitchen, 1 bath, 1 wet bar, for about ~$22-25k total. This is w/ maple cabinets w/ cherry stained, full extension drawers, lazy susan in the corner cabinet, 6″ back splash and full height back splash where the stove is, marble floor. I think you can save a lot by doing a lot of the general contractor job yourself. It took me ~2 weeks from start to finish. Marble floor takes about 5 days to do, cabinets took about 3 days, demo took 2 days. If you want reference, I can refer you to the general contractor I use.[/quote]
AN, thanks for sharing your experience. I’d like to ask you some questions about your remodeling:
– Did you basically go to a general contractor, told him about your preferences for the materials/colors & then let the contractor handle everything ? Did you find your contractor from the advertisements in the magazines ?
– If you had gone to Home Depot, pick out the cabinet & marble/granite & let Home Depot do the work for you, would it have cost more ? How would the quality of the product & the workmanship compare to using a general contractor ?Participant[quote=AN]Regarding remodel, I just redid the entire kitchen, 1 bath, 1 wet bar, for about ~$22-25k total. This is w/ maple cabinets w/ cherry stained, full extension drawers, lazy susan in the corner cabinet, 6″ back splash and full height back splash where the stove is, marble floor. I think you can save a lot by doing a lot of the general contractor job yourself. It took me ~2 weeks from start to finish. Marble floor takes about 5 days to do, cabinets took about 3 days, demo took 2 days. If you want reference, I can refer you to the general contractor I use.[/quote]
AN, thanks for sharing your experience. I’d like to ask you some questions about your remodeling:
– Did you basically go to a general contractor, told him about your preferences for the materials/colors & then let the contractor handle everything ? Did you find your contractor from the advertisements in the magazines ?
– If you had gone to Home Depot, pick out the cabinet & marble/granite & let Home Depot do the work for you, would it have cost more ? How would the quality of the product & the workmanship compare to using a general contractor ?Participant[quote=AN]Regarding remodel, I just redid the entire kitchen, 1 bath, 1 wet bar, for about ~$22-25k total. This is w/ maple cabinets w/ cherry stained, full extension drawers, lazy susan in the corner cabinet, 6″ back splash and full height back splash where the stove is, marble floor. I think you can save a lot by doing a lot of the general contractor job yourself. It took me ~2 weeks from start to finish. Marble floor takes about 5 days to do, cabinets took about 3 days, demo took 2 days. If you want reference, I can refer you to the general contractor I use.[/quote]
AN, thanks for sharing your experience. I’d like to ask you some questions about your remodeling:
– Did you basically go to a general contractor, told him about your preferences for the materials/colors & then let the contractor handle everything ? Did you find your contractor from the advertisements in the magazines ?
– If you had gone to Home Depot, pick out the cabinet & marble/granite & let Home Depot do the work for you, would it have cost more ? How would the quality of the product & the workmanship compare to using a general contractor ?Participant[quote=Casca]Check out the Chinese knife catching tour:
[/quote]
During the 80s, when the Japanese were flush with money, they spent serious amounts of money to buy up US assets, only to see the values of those assets plummet in the years after that.
A few years ago, some middle eastern investor bought John Laing (yes, the home builder with financial problems in the news recently).
Now, it’s the Chinese scooping up REOs, thinking they are bargains.
What they all fail to understand about real estate is this: Among the different types of assets, real estate is the “ultimate momentum market”. Once, the direction of the market turns, it’s suicidal to go against the tide.
Participant[quote=Casca]Check out the Chinese knife catching tour:
[/quote]
During the 80s, when the Japanese were flush with money, they spent serious amounts of money to buy up US assets, only to see the values of those assets plummet in the years after that.
A few years ago, some middle eastern investor bought John Laing (yes, the home builder with financial problems in the news recently).
Now, it’s the Chinese scooping up REOs, thinking they are bargains.
What they all fail to understand about real estate is this: Among the different types of assets, real estate is the “ultimate momentum market”. Once, the direction of the market turns, it’s suicidal to go against the tide.
Participant[quote=Casca]Check out the Chinese knife catching tour:
[/quote]
During the 80s, when the Japanese were flush with money, they spent serious amounts of money to buy up US assets, only to see the values of those assets plummet in the years after that.
A few years ago, some middle eastern investor bought John Laing (yes, the home builder with financial problems in the news recently).
Now, it’s the Chinese scooping up REOs, thinking they are bargains.
What they all fail to understand about real estate is this: Among the different types of assets, real estate is the “ultimate momentum market”. Once, the direction of the market turns, it’s suicidal to go against the tide.
Participant[quote=Casca]Check out the Chinese knife catching tour:
[/quote]
During the 80s, when the Japanese were flush with money, they spent serious amounts of money to buy up US assets, only to see the values of those assets plummet in the years after that.
A few years ago, some middle eastern investor bought John Laing (yes, the home builder with financial problems in the news recently).
Now, it’s the Chinese scooping up REOs, thinking they are bargains.
What they all fail to understand about real estate is this: Among the different types of assets, real estate is the “ultimate momentum market”. Once, the direction of the market turns, it’s suicidal to go against the tide.
Participant[quote=Casca]Check out the Chinese knife catching tour:
[/quote]
During the 80s, when the Japanese were flush with money, they spent serious amounts of money to buy up US assets, only to see the values of those assets plummet in the years after that.
A few years ago, some middle eastern investor bought John Laing (yes, the home builder with financial problems in the news recently).
Now, it’s the Chinese scooping up REOs, thinking they are bargains.
What they all fail to understand about real estate is this: Among the different types of assets, real estate is the “ultimate momentum market”. Once, the direction of the market turns, it’s suicidal to go against the tide.
ParticipantBanks with the bailout are much stronger than individuals. It will mean that the next major price reduction will be led by existing home sellers, not by home builders (new homes).
When a buyer shops for a house, the buyer has choices:
– Buy from an existing home from an individual.
– Buy an REO from the lender.
– Buy a new house from the builders.Currently home builders are facing downward price pressure from sellers of existing homes & REOs. In a free market, it doesn’t really matter that much “who leads the price reduction”. Eventually, all sellers will share the same fate.
ParticipantBanks with the bailout are much stronger than individuals. It will mean that the next major price reduction will be led by existing home sellers, not by home builders (new homes).
When a buyer shops for a house, the buyer has choices:
– Buy from an existing home from an individual.
– Buy an REO from the lender.
– Buy a new house from the builders.Currently home builders are facing downward price pressure from sellers of existing homes & REOs. In a free market, it doesn’t really matter that much “who leads the price reduction”. Eventually, all sellers will share the same fate.
ParticipantBanks with the bailout are much stronger than individuals. It will mean that the next major price reduction will be led by existing home sellers, not by home builders (new homes).
When a buyer shops for a house, the buyer has choices:
– Buy from an existing home from an individual.
– Buy an REO from the lender.
– Buy a new house from the builders.Currently home builders are facing downward price pressure from sellers of existing homes & REOs. In a free market, it doesn’t really matter that much “who leads the price reduction”. Eventually, all sellers will share the same fate.
ParticipantBanks with the bailout are much stronger than individuals. It will mean that the next major price reduction will be led by existing home sellers, not by home builders (new homes).
When a buyer shops for a house, the buyer has choices:
– Buy from an existing home from an individual.
– Buy an REO from the lender.
– Buy a new house from the builders.Currently home builders are facing downward price pressure from sellers of existing homes & REOs. In a free market, it doesn’t really matter that much “who leads the price reduction”. Eventually, all sellers will share the same fate.
ParticipantBanks with the bailout are much stronger than individuals. It will mean that the next major price reduction will be led by existing home sellers, not by home builders (new homes).
When a buyer shops for a house, the buyer has choices:
– Buy from an existing home from an individual.
– Buy an REO from the lender.
– Buy a new house from the builders.Currently home builders are facing downward price pressure from sellers of existing homes & REOs. In a free market, it doesn’t really matter that much “who leads the price reduction”. Eventually, all sellers will share the same fate.
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