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peterb
ParticipantI the “old days” we used to calculate a fair price at 100 times the monthly payment. That would put these at about $200K. But, in this deflating market, all bets are off as to how low it can go. I would not be surprised at all to see these at the $200K level at the end of 2008.
ParticipantI the “old days” we used to calculate a fair price at 100 times the monthly payment. That would put these at about $200K. But, in this deflating market, all bets are off as to how low it can go. I would not be surprised at all to see these at the $200K level at the end of 2008.
ParticipantI the “old days” we used to calculate a fair price at 100 times the monthly payment. That would put these at about $200K. But, in this deflating market, all bets are off as to how low it can go. I would not be surprised at all to see these at the $200K level at the end of 2008.
ParticipantI the “old days” we used to calculate a fair price at 100 times the monthly payment. That would put these at about $200K. But, in this deflating market, all bets are off as to how low it can go. I would not be surprised at all to see these at the $200K level at the end of 2008.
ParticipantI think that raw land is getting hit pretty hard right now. It usually does at this stage of a real estate deflation. Having said that, if one builds a house for around $150 sq/ft. That would make the construction price about $300K for 2000 sq/ft. And I think that’s a pretty cheap price to build in CA. I think Temecula homes can be bought for $300K right now that are not too old. So that would put the price of the raw land they’re on as pretty cheap. I think. And this land is far from “raw”.
ParticipantI think that raw land is getting hit pretty hard right now. It usually does at this stage of a real estate deflation. Having said that, if one builds a house for around $150 sq/ft. That would make the construction price about $300K for 2000 sq/ft. And I think that’s a pretty cheap price to build in CA. I think Temecula homes can be bought for $300K right now that are not too old. So that would put the price of the raw land they’re on as pretty cheap. I think. And this land is far from “raw”.
ParticipantI think that raw land is getting hit pretty hard right now. It usually does at this stage of a real estate deflation. Having said that, if one builds a house for around $150 sq/ft. That would make the construction price about $300K for 2000 sq/ft. And I think that’s a pretty cheap price to build in CA. I think Temecula homes can be bought for $300K right now that are not too old. So that would put the price of the raw land they’re on as pretty cheap. I think. And this land is far from “raw”.
ParticipantI think that raw land is getting hit pretty hard right now. It usually does at this stage of a real estate deflation. Having said that, if one builds a house for around $150 sq/ft. That would make the construction price about $300K for 2000 sq/ft. And I think that’s a pretty cheap price to build in CA. I think Temecula homes can be bought for $300K right now that are not too old. So that would put the price of the raw land they’re on as pretty cheap. I think. And this land is far from “raw”.
ParticipantI think that raw land is getting hit pretty hard right now. It usually does at this stage of a real estate deflation. Having said that, if one builds a house for around $150 sq/ft. That would make the construction price about $300K for 2000 sq/ft. And I think that’s a pretty cheap price to build in CA. I think Temecula homes can be bought for $300K right now that are not too old. So that would put the price of the raw land they’re on as pretty cheap. I think. And this land is far from “raw”.
ParticipantSOme great insight to this is to check out how many home builders there were in 1989 and then again in 1995! And that down cycle was like a cub scout meeting compared to what we’re in now!!
ParticipantSOme great insight to this is to check out how many home builders there were in 1989 and then again in 1995! And that down cycle was like a cub scout meeting compared to what we’re in now!!
ParticipantSOme great insight to this is to check out how many home builders there were in 1989 and then again in 1995! And that down cycle was like a cub scout meeting compared to what we’re in now!!
ParticipantSOme great insight to this is to check out how many home builders there were in 1989 and then again in 1995! And that down cycle was like a cub scout meeting compared to what we’re in now!!
ParticipantSOme great insight to this is to check out how many home builders there were in 1989 and then again in 1995! And that down cycle was like a cub scout meeting compared to what we’re in now!!
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