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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / Doesn't add up
Post #54,508
by drewk
Picture of drewk
10/2/02 1:57:36 PM
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New Doesn't add up
Regardless of what the real-estate market is doing, it should still cost about the same to build. Given that, wild run-ups in real-estate prices should apply regardless of what is built on the lot, or even if there is anything on the lot. Assuming there are no problems getting utilities and roads put in. What am I missing?
===
Microsoft offers them the one thing most business people will pay any price for - the ability to say "we had no choice - everyone's doing it that way." -- [link|http://z.iwethey.org/forums/render/content/show?contentid=38978|Andrew Grygus]
Post #54,510
by inthane-chan
Picture of inthane-chan
10/2/02 2:06:07 PM
Reply
New The houses aren't what's causing it.
The massive inflation/deflation in prices is based on the utility of the land. Yeah, the houses themselves don't cost all that much - the land is what's causing the price fluctuations. When somebody can't develop the land with as many houses (what happened to my grandparents) the value of the land drops. The other problem is that Seattle has developed a really bad case of sprawl - you can't develop any new lots in the areas where it's actually convenient to commute from. Combine this with a population that is resistant to "new" taxes to pay for any kind of public transit, and you're basically fucked.
End of world rescheduled for day after tomorrow. Something should probably be done. Please advise.
Post #54,514
by drewk
Picture of drewk
10/2/02 2:28:12 PM
Reply
New OK, I get it. In the 70s that land would be 2 dozen lots.
===
Microsoft offers them the one thing most business people will pay any price for - the ability to say "we had no choice - everyone's doing it that way." -- [link|http://z.iwethey.org/forums/render/content/show?contentid=38978|Andrew Grygus]
     What's your thoughts on buying a place in this econ? - (inthane-chan) - (38) - Oct. 2, 2002, 11:20:43 AM EDT
         Re: What's your thoughts on buying a place in this econ? - (deSitter) - Oct. 2, 2002, 11:23:36 AM EDT
         Keep in mind... - (admin) - (5) - Oct. 2, 2002, 11:25:18 AM EDT
             Exactly what happened to me - (drewk) - (2) - Oct. 2, 2002, 11:41:46 AM EDT
                 One other thing though... - (admin) - (1) - Oct. 2, 2002, 11:47:18 AM EDT
                     Student loans are already a deduction. - (inthane-chan) - Oct. 2, 2002, 12:05:36 PM EDT
             Also, keep in mind property taxes. - (a6l6e6x) - (1) - Oct. 2, 2002, 05:37:11 PM EDT
                 Interesting facet of Michigan tax law: - (admin) - Oct. 2, 2002, 05:53:04 PM EDT
         What doe s Marysville look like for housing and how far is - (boxley) - (1) - Oct. 2, 2002, 12:40:18 PM EDT
             One big problem. - (inthane-chan) - Oct. 2, 2002, 01:19:00 PM EDT
         Beware the bubble - (marlowe) - (16) - Oct. 2, 2002, 12:53:34 PM EDT
             Less chance of a bubble in residential real estate - (drewk) - (11) - Oct. 2, 2002, 01:15:35 PM EDT
                 Seattle == Silicon Valley/2 - (inthane-chan) - (6) - Oct. 2, 2002, 01:27:04 PM EDT
                     We're looking to sell soon. - (Brandioch) - (5) - Oct. 2, 2002, 03:13:24 PM EDT
                         Hey, where do you work, anyways? - (inthane-chan) - (4) - Oct. 2, 2002, 03:37:45 PM EDT
                             One Convention Place -NT - (Brandioch) - (3) - Oct. 2, 2002, 07:50:48 PM EDT
                                 LMAO! - (inthane-chan) - (2) - Oct. 3, 2002, 11:12:39 AM EDT
                                     Week after is the soonest. - (Brandioch) - (1) - Oct. 4, 2002, 11:34:00 AM EDT
                                         Need contact info... - (inthane-chan) - Oct. 4, 2002, 11:42:52 AM EDT
                 Nearly 100% chance IMO - (ben_tilly) - (3) - April 20, 2003, 10:37:33 AM EDT
                     Re: Nearly 100% chance IMO - (deSitter) - (2) - April 20, 2003, 11:00:53 PM EDT
                         Yes -NT - (ben_tilly) - (1) - April 20, 2003, 11:05:01 PM EDT
                             Econ Laureate LRPD: Unintended consequences -NT - (Ashton) - April 21, 2003, 05:38:58 AM EDT
             Commented on that in my original post. - (inthane-chan) - (3) - Oct. 2, 2002, 01:23:48 PM EDT
                 Doesn't add up - (drewk) - (2) - Oct. 2, 2002, 01:57:36 PM EDT
                     The houses aren't what's causing it. - (inthane-chan) - (1) - Oct. 2, 2002, 02:06:07 PM EDT
                         OK, I get it. In the 70s that land would be 2 dozen lots. -NT - (drewk) - Oct. 2, 2002, 02:28:12 PM EDT
         You need to compare it to the alternatives. - (Another Scott) - (2) - Oct. 2, 2002, 02:36:43 PM EDT
             Something else re: condos - (drewk) - (1) - Oct. 2, 2002, 03:26:24 PM EDT
                 To add another twist: - (admin) - Oct. 2, 2002, 04:51:33 PM EDT
         Don't - (ben_tilly) - (2) - Oct. 2, 2002, 07:52:46 PM EDT
             Here's the trick: - (inthane-chan) - (1) - Oct. 4, 2002, 11:50:59 AM EDT
                 Quick questions to ask yourself. - (ben_tilly) - Oct. 5, 2002, 05:49:49 PM EDT
         Totally depends on when and where - (wharris2) - Oct. 4, 2002, 11:59:18 AM EDT
         Rent is a ripoff - (tuberculosis) - (4) - Oct. 11, 2002, 10:32:02 AM EDT
             Re: "mortgage payments are equity" - (a6l6e6x) - (2) - Oct. 11, 2002, 11:34:42 PM EDT
                 Thought about it - (tuberculosis) - (1) - Oct. 16, 2002, 11:08:25 AM EDT
                     No need for 20% down to avoid PMI. - (Another Scott) - Oct. 16, 2002, 12:34:56 PM EDT
             Don't forget to factor in: - (wharris2) - Oct. 14, 2002, 05:28:49 PM EDT

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