Why Homes becomes so pricey now?

DeafSCUBA98 said:
here in willmar,mn for a nice house 1,700 sq feet, 3 bedroom, 2 bath, finished basement, fireplace you can get the price of $115,000.

the same size and feature in twin cities, MN will be $250,000. it depends on where the house is at. and how the job surround is.. if the job rate is high (high income) then the house price is higher..
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Willmar sucks.

It's in the middle of fucking nowhere.

Three hours of fucking cornfields all the way from Saint Cloud to Willmar.

:run:
 
Yup, plenty of supply of these kind location, not enough demand, that is why its so cheap!

LuciaDisturbed said:
Willmar sucks.

It's in the middle of fucking nowhere.

Three hours of fucking cornfields all the way from Saint Cloud to Willmar.

:run:
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pek1 said:
No doubt prices have gone up since 1969, hello, that was over 37 years ago, duh! :doh: A house for sale for $100K then was expensive, now, what can you buy for that amount, nothing! The price for a cheeseburger at McDonald's has gone up, too, so let's quit saying the lumber prices alone are higher, shall we? It is the market. Read the business section of your newspaper and you'll learn more than you could ever imagine.

By the way, what were the interest rates five years after 1969 and all the way to 1980? Double-digits!
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sorry, You are no expert...you bum perky man....you work for realtor agent...what is wrong yourself?. Quite about lumbers stock, oh i see you try avoid it. shame on you perky man. You are crumpy all long year due house sales is low. Remember I am not intersting your face try to save your own red face. It is over. Bye BUM PERKY MAN.
 
LuciaDisturbed said:
Willmar sucks.

It's in the middle of fucking nowhere.

Three hours of fucking cornfields all the way from Saint Cloud to Willmar.

:run:
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st. cloud to willmar is only 1 hour :D

and i believe u been to willmar before long ago i think. however willmar changed big time.. became all-american city in 2005.. and alot of NEW buildings.
 
TFWFalcon said:
sorry, You are no expert...you bum perky man....you work for realtor agent...what is wrong yourself?. Quite about lumbers stock, oh i see you try avoid it. shame on you perky man. You are crumpy all long year due house sales is low. Remember I am not intersting your face try to save your own red face. It is over. Bye BUM PERKY MAN.
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not nice thing to say.. peek1 is right.. here's the link

http://mortgage-x.com/general/indexes/contract_rate_history.asp
 
I knew 1982-1983 has the highest interest rate on mortgage. Was right all along. We should be thankful for Bush that helped get interest rate on mortgage to its lowest in history!!! Jimmy carter made the interest rate worst in history!
 
TFWFalcon said:
sorry, You are no expert...you bum perky man....you work for realtor agent...what is wrong yourself?. Quite about lumbers stock, oh i see you try avoid it. shame on you perky man. You are crumpy all long year due house sales is low. Remember I am not intersting your face try to save your own red face. It is over. Bye BUM PERKY MAN.
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:rofl:
 
After re-read your message, and I THINK you need to tone down! Pek1 is right, I know the history of house valuation and lumber price. NONE of house value has much to do with the lumber prices. It has to do with what? Market demands! It is the market that controls the price, not political, not the lumber prices, I could go on with more list! In reality, it is entirely up to both sides on seller and buyers that set the valuation of the properties. Its been like that ever since 60's

TFWFalcon said:
sorry, You are no expert...you bum perky man....you work for realtor agent...what is wrong yourself?. Quite about lumbers stock, oh i see you try avoid it. shame on you perky man. You are crumpy all long year due house sales is low. Remember I am not intersting your face try to save your own red face. It is over. Bye BUM PERKY MAN.
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diehardbiker65 said:
After re-read your message, and I THINK you need to tone down! Pek1 is right, I know the history of house valuation and lumber price. NONE of house value has much to do with the lumber prices. It has to do with what? Market demands! It is the market that controls the price, not political, not the lumber prices, I could go on with more list! In reality, it is entirely up to both sides on seller and buyers that set the valuation of the properties. Its been like that ever since 60's
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While this is probably generally true; on the other hand, if you were investing in commodities, you could have made a mint watching lumber prices at certain times, like when lumber spiked and, conversely, when it took a dive.
 
DeafSCUBA98 said:
st. cloud to willmar is only 1 hour :D

and i believe u been to willmar before long ago i think. however willmar changed big time.. became all-american city in 2005.. and alot of NEW buildings.
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I have been to Willmar 2 years ago...it sucks ass...

And if it only took you 1 hour you must have put the pedal to the medal.

All-american city, my ass.
 
DeafSCUBA98 said:
st. cloud to willmar is only 1 hour :D

and i believe u been to willmar before long ago i think. however willmar changed big time.. became all-american city in 2005.. and alot of NEW buildings.
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U mean new commercial or residential buildings ?

Hmm, with the real estate world I ought to keep
my mind open about the locations etc.
I might consider look at Willmar area but unfortunately
I do NOT even know anyone there. Well...
I think that's what LuciaDisturbed being concerned
that it's in the middle of nowhere and she does NOT even
know anyone there anyway. Except maybe
only one cockroach at Willmar using a sign language
saying "Hello" to her.
 
good thread, its not just happening in USA, skyrocketing of real estates is happening all over the world, someone made a good point about wood stocks dwindling as well as someone else saying about supply/demand - basic economics,good points, but its not THAT simple, it has all been inter-played and alot of 'decisions' are endorsed by political offices.
as a comment, i noticed many of yose were talking about 'dream houses' place you can't afford, just interested, what value of house majority of you really OWNS or at least mortgaged on ? surely not 1.4 Million, or 2.2 million get real , unleast maybe some of you ARE affluent for some reasons or another.

I, myself 'made' an handsome amount just because i bought a house 3 years ago, just before the spike in prices.however to be 'realistic' it doesnt mean I MADE real money, it just means if i sold it, id can move to another house similiar value / prices, that itself, it makes no difference. (assumming the banks doesnt charge me MORE interest)
However, the real caveat of rising houses is its HARDER to save up for a deposit, - that's the crush most young people are faced with, which 'explains' the reason mortgage rates has 'dropped' (but it will pick up again), its only there to keep people quiet...... to help tickle the market for more buyers, to keep money spinning around in the real estate/state/national/international economy.
oh that also may means more
interest' to be made in the banks since loans will be much larger 'in so called benevolance assistence to help first time buyers to purchase a home', its very sneaky , looks good, but it isn't.
 
I'm getting weary "First Time buyer" programs
thats NOT enough even for these "First Time Buyers"

I noticed there are too many programs for
First Time Buyers, while there are no such
programs especially for Non-First Time buyers.
 
:blah:
LuciaDisturbed said:
LOL...ants are no big deal.

But...

Watch out for the Texas-Sized COCKROACHES! :D
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lol, these cockroaches are good for you, full of proteins
:blah:
 
Good idea!! I have a cat and she needs proteins badly. I think I will start setting up traps to catch a load of crockroaches for her to snack on. ;)
 
I am in the process of getting 'Homechoice' loan 30 year 3 % fixed rate from Fannie Mae. This loan, Homechoice loan is designed specifically for first home buyers who have disabilities or more than 2 household members have disabilities. Im Deaf and they have classified me a disability and will get more than 500K loan . Total repayment would be about $1900 a month. IF anyone of you who havent owned a home for more than three years or first home buyer. Get a Homechoice loan from Fannie Mae. Its cheaper and gives you the benefit financially in long run comparing to the traditional banks.
 
deafaussie said:
I am in the process of getting 'Homechoice' loan 30 year 3 % fixed rate from Fannie Mae. This loan, Homechoice loan is designed specifically for first home buyers who have disabilities or more than 2 household members have disabilities. Im Deaf and they have classified me a disability and will get more than 500K loan . Total repayment would be about $1900 a month. IF anyone of you who havent owned a home for more than three years or first home buyer. Get a Homechoice loan from Fannie Mae. Its cheaper and gives you the benefit financially in long run comparing to the traditional banks.
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Oh really? I will tell my husband about it. We are going to be looking at houses today. If we see something we like and at a reasonable price, we will put a bid on it. I am sooo nervous about buying a house..LOL!

Thanks for the info!
 
shel90 said:
Oh really? I will tell my husband about it. We are going to be looking at houses today. If we see something we like and at a reasonable price, we will put a bid on it. I am sooo nervous about buying a house..LOL!

Thanks for the info!
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Yes, you can do it. The only way you can get that loan is from Jan at Guild Mortgage company in Las Vegas but do serve nationally. She specializes in Fannie Mae loans. She will direct you to an authorized not for profit home ownership agency in your home state for one day workshop, tutorial classes and the like.

It may seem unnecessary but its a requirement if you want the 3% fixed rate for 30 years
 
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