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Lol they all got bid to infinity during the covid mania, that's why I resorted to building a house myself in the first place -- if buying a rundown built house
by ty6853 1y ago
Lol they all got bid to infinity during the covid mania, that's why I resorted to building a house myself in the first place -- if buying a rundown built house or even a shitty trailer were cheaper I would have done that in the first place.
I built this place for ~1/3 the price of anything else available because even a completely burnt out husk of a trailer is more expensive than DIY building a house due to the weird dynamics of the housing market that places a gigantic premium on being the guy who takes all the risk of connecting utilities and getting a permitted residential structure.
Your thesis that I can't sell an actual house for the price of all the unmortgagable burned out trailers that sell like hotcakes is interesting but false. I don't expect this dynamic to change much until most of those ~0% mortgages expire or a massive new supply of housing emerges.
- giantg2 1y agoYou must not be that rural if stuff was being bid up. Run down doesn't mean burnt out. The thesis is that your house is likely unmortgagable/uninsurable if you ignored the permits etc.
- ty6853 1y agoBut I have a legal permit. And that permit says I don't have to get it inspected, or need or license, or get code compliance checks. I used a rarely used 'loophole' to get that explicitly stated on my permit.