[kicksavedave]

There is also a huge spread between what the raw costs are for the subs to perform the specific building task – foundation, framing, roofing, electrical, plumbing etc, and what a GC will charge you as your “building cost”. I’ve heard GC’s fees range from 10 to 30% of the cost, but there are different methods for them to charge you – flat rate, cost plus, etc.

Using low end finishings – Vinyl floor not hardwood, laminate counters not granite, etc, I had a brand new house build in Colorado for $60/sq foot total. $298K total with 3450 sq ft finished and 1600 sq ft unfinished basement, and that included the land which was assessed at around $15K. So, subtracting $15K for the land and the builders profit, it probably cost under $50/sq ft to build this house. And we had a lot of floor plan customizations which added $30K to our final price… The same model sold for $275K with the same dimensions later on. 4950 total sq ft divided by $275K = $55/sq ft.

So it is possible to build a house for well under $100/ sqft, but that won’t include land. That’s the rub here in Cali, there are no lots for $15K.

[kicksavedave]

There is also a huge spread between what the raw costs are for the subs to perform the specific building task – foundation, framing, roofing, electrical, plumbing etc, and what a GC will charge you as your “building cost”. I’ve heard GC’s fees range from 10 to 30% of the cost, but there are different methods for them to charge you – flat rate, cost plus, etc.

Using low end finishings – Vinyl floor not hardwood, laminate counters not granite, etc, I had a brand new house build in Colorado for $60/sq foot total. $298K total with 3450 sq ft finished and 1600 sq ft unfinished basement, and that included the land which was assessed at around $15K. So, subtracting $15K for the land and the builders profit, it probably cost under $50/sq ft to build this house. And we had a lot of floor plan customizations which added $30K to our final price… The same model sold for $275K with the same dimensions later on. 4950 total sq ft divided by $275K = $55/sq ft.

So it is possible to build a house for well under $100/ sqft, but that won’t include land. That’s the rub here in Cali, there are no lots for $15K.

[kicksavedave]

There is also a huge spread between what the raw costs are for the subs to perform the specific building task – foundation, framing, roofing, electrical, plumbing etc, and what a GC will charge you as your “building cost”. I’ve heard GC’s fees range from 10 to 30% of the cost, but there are different methods for them to charge you – flat rate, cost plus, etc.

Using low end finishings – Vinyl floor not hardwood, laminate counters not granite, etc, I had a brand new house build in Colorado for $60/sq foot total. $298K total with 3450 sq ft finished and 1600 sq ft unfinished basement, and that included the land which was assessed at around $15K. So, subtracting $15K for the land and the builders profit, it probably cost under $50/sq ft to build this house. And we had a lot of floor plan customizations which added $30K to our final price… The same model sold for $275K with the same dimensions later on. 4950 total sq ft divided by $275K = $55/sq ft.

So it is possible to build a house for well under $100/ sqft, but that won’t include land. That’s the rub here in Cali, there are no lots for $15K.

[kicksavedave]

There is also a huge spread between what the raw costs are for the subs to perform the specific building task – foundation, framing, roofing, electrical, plumbing etc, and what a GC will charge you as your “building cost”. I’ve heard GC’s fees range from 10 to 30% of the cost, but there are different methods for them to charge you – flat rate, cost plus, etc.

Using low end finishings – Vinyl floor not hardwood, laminate counters not granite, etc, I had a brand new house build in Colorado for $60/sq foot total. $298K total with 3450 sq ft finished and 1600 sq ft unfinished basement, and that included the land which was assessed at around $15K. So, subtracting $15K for the land and the builders profit, it probably cost under $50/sq ft to build this house. And we had a lot of floor plan customizations which added $30K to our final price… The same model sold for $275K with the same dimensions later on. 4950 total sq ft divided by $275K = $55/sq ft.

So it is possible to build a house for well under $100/ sqft, but that won’t include land. That’s the rub here in Cali, there are no lots for $15K.

[kicksavedave]

There is also a huge spread between what the raw costs are for the subs to perform the specific building task – foundation, framing, roofing, electrical, plumbing etc, and what a GC will charge you as your “building cost”. I’ve heard GC’s fees range from 10 to 30% of the cost, but there are different methods for them to charge you – flat rate, cost plus, etc.

Using low end finishings – Vinyl floor not hardwood, laminate counters not granite, etc, I had a brand new house build in Colorado for $60/sq foot total. $298K total with 3450 sq ft finished and 1600 sq ft unfinished basement, and that included the land which was assessed at around $15K. So, subtracting $15K for the land and the builders profit, it probably cost under $50/sq ft to build this house. And we had a lot of floor plan customizations which added $30K to our final price… The same model sold for $275K with the same dimensions later on. 4950 total sq ft divided by $275K = $55/sq ft.

So it is possible to build a house for well under $100/ sqft, but that won’t include land. That’s the rub here in Cali, there are no lots for $15K.

[kicksavedave]

Ahh, the old BTVBCOE, in other words, who knows how accurate anything is in the MLS.

I have seen the terms “finished” and/or “heated” sqft before which would exclude most garages, unfinished basements, and patios unless they were enclosed by walls and heated/air conditioned.

[kicksavedave]

Ahh, the old BTVBCOE, in other words, who knows how accurate anything is in the MLS.

I have seen the terms “finished” and/or “heated” sqft before which would exclude most garages, unfinished basements, and patios unless they were enclosed by walls and heated/air conditioned.

[kicksavedave]

Ahh, the old BTVBCOE, in other words, who knows how accurate anything is in the MLS.

I have seen the terms “finished” and/or “heated” sqft before which would exclude most garages, unfinished basements, and patios unless they were enclosed by walls and heated/air conditioned.

[kicksavedave]

Ahh, the old BTVBCOE, in other words, who knows how accurate anything is in the MLS.

I have seen the terms “finished” and/or “heated” sqft before which would exclude most garages, unfinished basements, and patios unless they were enclosed by walls and heated/air conditioned.

[kicksavedave]

Ahh, the old BTVBCOE, in other words, who knows how accurate anything is in the MLS.

I have seen the terms “finished” and/or “heated” sqft before which would exclude most garages, unfinished basements, and patios unless they were enclosed by walls and heated/air conditioned.

[kicksavedave]

Well some people are doing the right thing. I have a buddy who is hopelessly upside down on a townhouse in San Marcos, he’s locked into a 9 % fixed rate, paying about $4500/mo for a 2 BR townhouse, and he now has two kids. But he refuses to “strategically walk away” like these people in the article. I have another friend who had to put $45K on her credit cards to get out of an upside down flip in Florida. She’s making her payments despite great inconvenience, because she feels is the only moral thing to do.

So not everyone is a deadbeat these days, but the percentage who are, is clearly growing and effecting the overall market somewhat.

[kicksavedave]

Well some people are doing the right thing. I have a buddy who is hopelessly upside down on a townhouse in San Marcos, he’s locked into a 9 % fixed rate, paying about $4500/mo for a 2 BR townhouse, and he now has two kids. But he refuses to “strategically walk away” like these people in the article. I have another friend who had to put $45K on her credit cards to get out of an upside down flip in Florida. She’s making her payments despite great inconvenience, because she feels is the only moral thing to do.

So not everyone is a deadbeat these days, but the percentage who are, is clearly growing and effecting the overall market somewhat.

[kicksavedave]

Well some people are doing the right thing. I have a buddy who is hopelessly upside down on a townhouse in San Marcos, he’s locked into a 9 % fixed rate, paying about $4500/mo for a 2 BR townhouse, and he now has two kids. But he refuses to “strategically walk away” like these people in the article. I have another friend who had to put $45K on her credit cards to get out of an upside down flip in Florida. She’s making her payments despite great inconvenience, because she feels is the only moral thing to do.

So not everyone is a deadbeat these days, but the percentage who are, is clearly growing and effecting the overall market somewhat.

[kicksavedave]

Well some people are doing the right thing. I have a buddy who is hopelessly upside down on a townhouse in San Marcos, he’s locked into a 9 % fixed rate, paying about $4500/mo for a 2 BR townhouse, and he now has two kids. But he refuses to “strategically walk away” like these people in the article. I have another friend who had to put $45K on her credit cards to get out of an upside down flip in Florida. She’s making her payments despite great inconvenience, because she feels is the only moral thing to do.

So not everyone is a deadbeat these days, but the percentage who are, is clearly growing and effecting the overall market somewhat.

[kicksavedave]

Well some people are doing the right thing. I have a buddy who is hopelessly upside down on a townhouse in San Marcos, he’s locked into a 9 % fixed rate, paying about $4500/mo for a 2 BR townhouse, and he now has two kids. But he refuses to “strategically walk away” like these people in the article. I have another friend who had to put $45K on her credit cards to get out of an upside down flip in Florida. She’s making her payments despite great inconvenience, because she feels is the only moral thing to do.

So not everyone is a deadbeat these days, but the percentage who are, is clearly growing and effecting the overall market somewhat.

[Author]

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