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Re: Don�t look now, but US residential construction spending fell 11.16% year over year in May.

By: micro in POPE 5 | Recommend this post (0)
Wed, 03 Jul 19 3:04 PM | 42 view(s)
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Msg. 35462 of 62138
(This msg. is a reply to 35455 by capt_nemo)

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Nemo

depends on where ya live.
In my ntire region there is an acute housing shortage. As fast as a home goes up for sale there are at l;east five offers within one single day. Housing is so tight that prices are soaring. My house is now worth 50 percent more than what would be market value a year ago. As are all other houses. My neice and several freinds are realtors and they have all told me the same thing.

My daughter wants my wife and I to sell our house and move over to one going to go up for sale provately about ten houses away from her. I asked whatthe asking price of that house was. I was STUNNED by the number.

No thanks. I will be very happy to keep mine which I personally designed and buolt back in 1977 for my wife and I to live in w2hen the kids were gone. Itis 100 percent exterior Brick veneered. Plenty big for us and not hard to keep clean.

That said, I can sell this one for over 50 % more than market value. That is how tightthe housingmarket really is here.

Thepoint is simply that it all depends on the region where you live... Greater Cinicnnati, he entire southwest corner of Ohio covering four counties, is like that.

Just a little info. Your location may vary.....Very Happy

micro..





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The above is a reply to the following message:
Don’t look now, but US residential construction spending fell 11.16% year over year in May.
By: capt_nemo
in POPE 5
Wed, 03 Jul 19 9:13 AM
Msg. 35455 of 62138

Not to worry. FEDS will save this POS market. BUY BUY BUY HAAAAAAAAAAAAAAAAAAAAAAAAAAAA


http://www.investmentwatchblog.com/dont-look-now-but-us-residential-construction-spending-fell-11-16-year-over-year-in-may/


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