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Comments by "" (@Doostur) on "When Will be a Good Time to BUY a House? (Winter 2022)" video.
Like you, we are in a rental. We may stalk the market for an older home on a good lot to demolish. Then build the home we want. There is a decent amount of equity for anyone willing to put up with building and the time it takes. Since we are already in a rental and have time, it makes sense. I had old emails from 2018 to compare current costs. On average, a 600-725k costs about $40k more to build... not bad actually. Have you thought about making a video on building/building costs and when will material prices drop. Will it follow the path of the real-estate market in general. Stay bonkers my friend.
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@realestatemindset Video idea, #1 cost of materials and their projected pricing. #2 Process of finding an old home to demolish and build. #3 negative and positives of going this route, compare pricing vs waiting for the home, and value of a new home vs getting lucky finding one.
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@princecynebaldEl3164 Some people may not need financing. The opportunity for a tear down home, on a good lot, at a great price is another option. Home building materials dropping especially lumber. Demand from new home builders is dropping, obviously building prices will react accordingly regardless of shortage etc.
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