Posted on 10/01/2023 11:10:08 AM PDT by RomanSoldier19
he typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.
That's the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.
(Excerpt) Read more at msn.com ...
Where is the support structure?
Houses should be the same, why not?
City building departments, exploding regulations, and huge government fees are a few of the reasons why. The amount of money now charged for building permits and municipal utility hookups is now often more than $50,000 even for a small house in in many areas. My dad wanted to fix up a tiny little dilapidated house and it has cost him more than $40,000 in permits, engineering and other fees before a single piece of wood has been cut or a nail has been driven. It is insane!
And yet, If I put my home on the market tomorrow, I would have 5 offers by Thursday. All of them above asking.
The 3D printer, which is absolutely massive, spreads concrete.
So you end up with a home made of concrete walls.
What other costs? Electric, plumbing, interior walls, exterior walls
So, instead of stick framing with a framing crew, you get a robot pouring concrete. At the end of the day, the money saved on the framing crew and wood will will be made up by all the other contractors.
So far no one has yet to show me a House being printed.
I reached out to a friend about getting an investment property. He’s a GC, I’ve been doing construction my whole life.
Reply: I’d love to, but you can’t get a house. The big corps are buying everything up before they hit the market. The ones you can find are so bad they’re not worth it.
I can show two projects that were recently completed in Georgia, in Covington and Grayson. Brand new. Townhomes and single story homes. All rentals.
I read somewhere this week that during the Great Depression, a home cost three times the average American citizen’s yearly wage. A home now costs eight times the average yearly income.
We are seeing families who formerly lived pay-check to paycheck being pushed into homelessness, and the formerly middle class now living pay-check to pay-check.
We were speaking about just this issue after Sunday School this morning, while talking of the number of older couples in the community having their adult children and grand-children moving back in with them. It’s not that the adults were not working or were being irresponsible. It’s that every cost and expense has almost doubled since Biden took office while wages have remained flat for the middle class. Any savings is long gone (ignore media reporting on that issue), and people have few choices.
The techniques and equipment being used are not the same as pouring concrete out of an old mixer. I do have one and it is and incredibly useful tool, but that is not we what we are discussing.
The major hurdle is not providing the “support structure” or foundation which is typically made out of concrete, or the trusses, beams, or joists which are likely still using the same old materials in most builds. The major problem is going to be building departments, permits, utility hookups, various nonsensical requirements and other government related expenses. This technique is not an answer to every problem and the expected savings are only around 30%.
It is humorous that you seem to want to pretend that advances are not being made that could be helpful in certain situations.
I’m now seeing Youtube ads for Tide where Grandpa and Grandma are helping with the laundry since their adult daughter and her children have moved back in.
So it is now common enough to become the premise for mass market commercials.
It can get worse.
In Toronto right now, the housing bubble has gotten so extreme that families in the top 10 percent of income cannot afford the median priced house.
https://www.cnn.com/2021/12/26/us/habitat-for-humanity-first-3d-home-trnd/index.html
Here’s a story about the first 3D printed Habitat for Humanity house. It’s concrete.
I can bet this is a stronger house than the Habitat for Humanity houses I helped to build.
They use an armature to pour concrete. This cuts down on labor a lot. There are openings for doors and windows once the outside walls are finished. The roof and interior walls are light gauge steel.
Most of the rest of the labor is left to professional plumbers and electricians.
Government has made it unprofitable to build entry-level housing.
So the solution hinted at is always that Boomers need to hurry up and take their vaccines to increase the supply. :)
Homes are affordable, or they wouldn’t be selling at the prices they command. This article is just propaganda to create a pretext for government intervention.
“52% of young adults now live at home”
Better than living on my tax dollars.
Bkmk
Un-reinforced concrete-oozed walls?
Pass on that deathtrap.
That's a pretty risky strategy especially nowadays with government spending totally out of control
And how is it that you know that is an accurate description? Have you done any research at all on this building technique? Please provide a link.
I did that in 2000. Built a 4 unit, condo-ed it. Rented 3, kept one for weekend home. Sold the whole thing plus extra land and taps for 12 more units in 2019. Worked out great. Some of my old tenants are friends and still around.
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