An Analysis of the Housing Cycle

[Surf Cat]

Or their insane 30% plus mark ups will have to cut their prices. Sale prices go up, sales go down. Too many people cannot buy a house at these prices even with 2% financing.

I hear you. Construction, renovating, repair costs over here have been out of control. Quotes from several contractors are vastly different from one another.

It's not like Auto Repair businesses where they go into the computer, see the amount of time it takes to install an alternator, and then give you a quote. They're all pretty similar.

If the Fed lowers the rate, it's going to ramp up.... buyers will move to their up leg properties and repairs will be needed....there'll be a shortage of workers.

I'm not saying get the undocumented workers back....I'm saying prices will remain high if demand goes up and there's not enough workers to accommodate the demand.

Undocumented workers have been doing this for decades....

 

[Terrel L. Shields]

I hear you.

Plumber quoted $200 an hour with 2 hours minimum to install garbage disposal and dishwasher so I used Lowe's installers. Took 2 weeks but both were done in 30 minutes or less. In fact, I spent more time talking fishing with the dishwasher guy than he spent installing it. Still ran almost $300.

 

[DTB]

Plumber quoted $200 an hour with 2 hours minimum to install garbage disposal and dishwasher so I used Lowe's installers. Took 2 weeks but both were done in 30 minutes or less. In fact, I spent more time talking fishing with the dishwasher guy than he spent installing it. Still ran almost $300.

I think service plumber is the place to be. Semi short training period, homeowners who can't/won't do their own work and people are used to paying out the ***.

My nephew is slowly learning as we began rehabbing his future rentals.

 

[alebrewer]

I think service plumber is the place to be. Semi short training period, homeowners who can't/won't do their own work and people are used to paying out the ***.

My nephew is slowly learning as we began rehabbing his future rentals.

Similar - nephew took welding in high school and is now pulling down ~ $75k fresh out of high school with no college - and learning the trade. Kudos to your nephew!