Economic News

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Since 2000, housing costs have been rising faster than median household income Over the entire period, inflation-adjusted house prices rose about 65 percent. In contrast, inflation-adjusted median household income barely rose over the whole time period.
 
mpaer said:
Since 2000, housing costs have been rising faster than median household income Over the entire period, inflation-adjusted house prices rose about 65 percent. In contrast, inflation-adjusted median household income barely rose over the whole time period.
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I believe that but I'd love to see that in context. Considering the increase in size, improvements in appliance, entertainment and informational technology that get built in to the houses and some upfront investments like solar or geothermal energy that have a future positive affect, I'm not quite sure we're comparing apples to apples.
 
finesse said:
I believe that but I'd love to see that in context. Considering the increase in size, improvements in appliance, entertainment and informational technology that get built in to the houses and some upfront investments like solar or geothermal energy that have a future positive affect, I'm not quite sure we're comparing apples to apples.
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Great points Here is my anectodal point
In 1984 I made $33,000 Bought a big box for $120,000 in Heritage Hills. Today my same job I had then likely hits at $50-60,000. The house was sold a couple years ago for $325,000
 
finesse said:
I believe that but I'd love to see that in context. Considering the increase in size, improvements in appliance, entertainment and informational technology that get built in to the houses and some upfront investments like solar or geothermal energy that have a future positive affect, I'm not quite sure we're comparing apples to apples.
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I don't know if that data even exists, but from what I've seen in Charlotte, the McMansions are only available to (a) people 50+, or (b) people who benefit from the generational wealth I was discussing in the other thread. Maybe add private equity managers to that list. Young adults, by contrast, are just looking for a 2-bedroom townhouse or a bungalow in an "emerging" part of town. And those are at least $500k, and often more.
 
lawtig02 said:
I don't know if that data even exists, but from what I've seen in Charlotte, the McMansions are only available to (a) people 50+, or (b) people who benefit from the generational wealth I was discussing in the other thread. Maybe add private equity managers to that list. Young adults, by contrast, are just looking for a 2-bedroom townhouse or a bungalow in an "emerging" part of town. And those are at least $500k, and often more.
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We just moved here to Charlotte and during the home buying process I was shocked at how little house (in terms of sq. footage) you can get for such enormous prices. I'm talking $2.5M+ for 2,300-2,700 sq. ft. houses in some places, and even most of those were older and in need of refurbishment or outright renovation. We were looking for a lot more square footage so it was up to the 'burbs we went.
 
Just heard that the largest high-end, custom home architecture firm in our area laid off 11 out of a staff of 60 on Friday. Architect's are almost always on the front end of the slow down. It will likely hit GC's next year as their backlog dries up.

So far our little firm of 4 is busy enough, but we've only gotten 1 out 6 projects we interviewed for this year (cheaper options). All of the prospect calls are small renovations or additions. The economic data that is coming out (and the market) are not reflecting conditions on the ground yet. Up is down and down is up at the moment.
 
bassydude77 said:
Just heard that the largest high-end, custom home architecture firm in our area laid off 11 out of a staff of 60 on Friday. Architect's are almost always on the front end of the slow down. It will likely hit GC's next year as their backlog dries up.

So far our little firm of 4 is busy enough, but we've only gotten 1 out 6 projects we interviewed for this year (cheaper options). All of the prospect calls are small renovations or additions. The economic data that is coming out (and the market) are not reflecting conditions on the ground yet. Up is down and down is up at the moment.
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Been out of the business almost ten years now but I'll bet the spec market, if there is one, is already virtually dead.
 
finesse said:
Been out of the business almost ten years now but I'll bet the spec market, if there is one, is already virtually dead.
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It's dead for entry-level housing. It's not dead for luxury housing, but we'll see what happens over the next few years. I'm not sure if there's a level above a five-alarm fire, but that's what we're about to see in the housing market. We'd be in crisis mode regardless of our political leadership, but this administration is fiddling with their mushrooms while the fire spreads unchecked.
 
 
Callatoroy said:
Some info in there about small business for you

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And what does this have to do with claiming that the person we have in office is "high functioning" and Obama was stupid? According to a guy that clearly lives to kiss trumps ass.
 
Callatoroy said:
Some info in there about small business for you

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Interesting article, I wonder if we would be feeling the same way if the intellectual giant hadn't resended the tariffs?

Still don't understand the relationship of the article to the guy kissing trumps ass?

The article in no way supports trump being "high functioning".
 
Also, for the record, I'm glad that spending is up. I'm glad that the possibility of recession has fallen. I hope your business is doing well.

But none of that changes how the big beautiful bill gives the executive branch to much power, over funds ICE, gives rich people tax breaks at the expense of poor people, and increases the debt.

Still think the president is high functioning?

Guess time will tell.
 
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