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The housing market crisis in America

Just talked with a home builder in our area, and I was asking him how things are going and if they have new builds going on. He said ya, but then he goes man the prices are going up across the board on all building materials, not just wood or sheet rock or PVC but everything he said. I said is it due to the tariffs and he said he don’t know, all he knows is it’s getting out of control. He said the starting home for our area is 1.2 million now to build. I said remember when it was a trend to build unfinished basement back in the mid 2000s. He said the only do crawl spaces now, he said with the price of concrete now no one does basements anymore.
 
nodle said:
Just talked with a home builder in our area, and I was asking him how things are going and if they have new builds going on. He said ya, but then he goes man the prices are going up across the board on all building materials, not just wood or sheet rock or PVC but everything he said. I said is it due to the tariffs and he said he don’t know, all he knows is it’s getting out of control. He said the starting home for our area is 1.2 million now to build. I said remember when it was a trend to build unfinished basement back in the mid 2000s. He said the only do crawl spaces now, he said with the price of concrete now no one does basements anymore.
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I doubt I would do a basement in your area. Not needed. Have to have them in other parts of the country though. Or at least a storm shelter.
 
jmanz said:
I doubt I would do a basement in your area. Not needed. Have to have them in other parts of the country though. Or at least a storm shelter.
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People do like their daylight basements around here, besides that everything is just a 4' crawlspace.
 
I looked yesterday at our local real estate here, there are so many new listings, but here is the kicker, they are all at insane prices.
 
I have seen plenty for sale here, with the high prices...however a couple have had recent price cuts.
 
I have a feeling with so many being listed that we maybe on the cusp on the high home prices.
 
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