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If you have equity, you could also refi and build w/o the lot split to rent the completed building. With current interest rates and construction costs coupled w
by tagami 5y ago
If you have equity, you could also refi and build w/o the lot split to rent the completed building. With current interest rates and construction costs coupled with rental prices in California, this should pencil out nicely and home owner keeps 100%
- jelliclesfarm 5y agoThis makes most sense. I wouldn’t recommend any construction unless it’s an emergency. Lumber prices have skyrocketed beyond belief. Not to mention supply chain bottle necks. This is really a bad time for new construction. https://www.businessreport.com/business/lumber-costs-spike-again-causing-home-prices-to-rise https://www.businessreport.com/business/lumber-costs-spike-a... https://www.wsj.com/amp/articles/sky-high-lumber-prices-are-back-11639842879 https://www.wsj.com/amp/articles/sky-high-lumber-prices-are-... https://www.globest.com/2022/01/06/heres-how-developers-are-adjusting-to-rising-lumber-prices/ https://www.globest.com/2022/01/06/heres-how-developers-are-... We should be building new tech, hardware and put that STEM muscle behind figuring out new materials. Software is done eating the world. The world is stripped down to bare bones now. Nothing to scavenge here.
- aaronblohowiak 5y agoNew materials? There is no shortage of trees for dimensional lumber.
- jelliclesfarm 5y agono shortage of trees, agreed..but lumber futures in the last quarter of 2021 went up real high. we also have wildfires in CA(PG&E wont be made accountable) RSG panels(https://www.rsg3d.com/ https://www.rsg3d.com/) seem to be fire resistant..to a certain extent. no rain or termite issues. we can build more efficient homes now. eta: not dated(lumber futures went nuts in the last quarter of 2021 only)..a good read: https://time.com/6046368/wood-steel-houses-fires/ https://time.com/6046368/wood-steel-houses-fires/