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TexasBushwhacker

(20,188 posts)

2. Maybe if home builders were willing to build greater numbers of AFFORDABLE homes

Reply to Yosemito (Original post)

Mon Dec 17, 2018, 11:52 AM

Dec 2018

I understand that builders want to maximize profits, but building spec McMansions that sit vacant for months because they're overpriced seems idiotic.

Yes, interest rates are still relatively low, but most people still aren't going to buy a house that's overpriced because they don't want to end up underwater on their mortgage. That can happen easily on a new house with a 30 year mortgage.

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Highlight:

U.S. Homebuilder Confidence Unexpectedly Slumps To Three-Year Low In December [View all] Yosemito Dec 2018 OP

nothing unexpected as the instabilty is being echoed thru out our economic sysem beachbum bob Dec 2018 #1

Maybe if home builders were willing to build greater numbers of AFFORDABLE homes TexasBushwhacker Dec 2018 #2

interest rates are supposed to go up, watoos Dec 2018 #3

And then the shit will really hit the fan TexasBushwhacker Dec 2018 #4

A friend is having a tough time selling his house in Southern California. SunSeeker Dec 2018 #5