Viewing a single comment thread. View all comments

chenbuxie t1_j9bv7ww wrote

Reply to comment by LymePilot in First-Time Homebuyers Have Something To Cheer About by IndicationOver

You must be pretty young

1

kril89 t1_j9bwzxm wrote

I don’t know because other worse times (the 80s and earlier) they were at least building new housing stock. We had less housing starts in 2022 than 2021 and less in 2021 than 2020. Plus we never saw the huge increase in building in the mid 2000s that lead to the 08 crash like other places.

13

CurrentResident23 t1_j9c0i10 wrote

Blame it on the COVID. It became too costly for builders to build due to supply chain disruptions. I know, because I tried to work with some of them. It looks like materials costs are coming down, so let's hope the market bounces back soon.

5

kril89 t1_j9ctjiv wrote

That’s not true because look at the sun belt. Homes starts are at record highs. This year and 2022 might be down but exploded in 2021 and early 2022x

3

LymePilot t1_j9cbhns wrote

Using the 80’s is not apples to apples. Yes rates were in the teens, but there was active new construction and home prices were a fraction of what someone is paying today for a 50’s/60’s build.

5

kril89 t1_j9doey1 wrote

umm that's exactly what I said.

1

chenbuxie t1_j9bz3y0 wrote

That's a fair point. I guess I was just thinking about interest rates.

1