Should we be worried?

[Woodznutz]

you're suggesting is illiterate.

The "Y" in 'you're' should be capitalized. And, it should read "Your", not "you're".
Oh, literate one.

 

[jc456]

Normal people can't afford homes now. Designers and architects don't like "four-cornered" houses. They design in as much extra cost as they can. "Starter" homes are a thing of the past. We need more "McMansions".

Right, creepy has the mortgage rates so high normal people can't afford them.

 

[Woodznutz]

We build on the floodplain ... we build in wildfire country ... we build right along the Gulf and Atlantic Coasts ...

If we didn't, then there'd be no housing for employees for our new businesses ... we can't open of businesses without employees ... [sigh] ... weather has nothing to do with this ...

We already know it will flood in the floodplain ... why we call it a "floodplain" ...

Non sequitur reply.

 

[jc456]

The "Y" in 'you're' should be capitalized. And, it should read "Your", not "you're".
Oh, literate one.

or a comma, but thanks. I am not above making mistakes with grammar, and I don't lose my shit for people pointing them out. I thank them, helps my experiences. But you, you feel you are above me and I don't have a right correcting you!! admit it cuck!!

 

[ReinyDays]

Normal people can't afford homes now. Designers and architects don't like "four-cornered" houses. They design in as much extra cost as they can. "Starter" homes are a thing of the past. We need more "McMansions".

When could normal people afford homes? ... without government help ... the working class rents, from The Rich, and that was set in stone until the American Revolution ...

A full quarter of the cost to build a home is buried ... never to be seen again ... whether starter or McMansion ... it takes an EF-6 tornado to just expose the foundation ...

 

[Woodznutz]

Right, creepy has the mortgage rates so high normal people can't afford them.

Right, creepy has the mortgage rates so high normal people can't afford them.

7 percent isn't that bad, historically speaking.

Summary: Historical mortgage rates​

Over the last 50 years, mortgage rates have reached both peaks and valleys, from the high of 18 percent in the 1980s to today’s relatively moderate, but somewhat volatile figures.

Below is a summary of the average 30-year fixed mortgage rate by year. From the mid-1980s on, the numbers reflect Bankrate’s calculation of the effective mortgage rate, which takes into account the average number of points borrowers pay. The data from the 1970s to the early 1980s is based on Freddie Mac’s reporting.

Year	30-year fixed-rate average
Sources: Bankrate, Freddie Mac
2023	7.00%
2022	5.53%
2021	3.15%
2020	3.38%
2019	4.13%
2018	4.70%
2017	4.14%
2016	3.79%
2015	3.99%
2014	4.31%
2013	4.16%
2012	3.88%
2011	4.65%
2010	4.86%
2009	5.38%
2008	6.23%
2007	6.40%
2006	6.47%
2005	5.93%
2004	5.88%
2003	5.89%
2002	6.57%
2001	7.01%
2000	8.08%
1999	7.46%
1998	6.91%
1997	7.57%
1996	7.76%
1995	7.86%
1994	8.28%
1993	7.17%
1992	8.27%
1991	9.09%
1990	9.97%
1989	10.25%
1988	10.38%
1987	10.40%
1986	10.39%
1985	12.43%
1984	13.88%
1983	13.24%
1982	16.04%
1981	16.64%
1980	13.74%
1979	11.20%
1978	9.64%
1977	8.85%
1976	8.87%
1975	9.05%
1974	9.19%
1973	8.04%
1972	7.38%

 

[jc456]

7 percent isn't that bad, historically speaking.

Summary: Historical mortgage rates​

Over the last 50 years, mortgage rates have reached both peaks and valleys, from the high of 18 percent in the 1980s to today’s relatively moderate, but somewhat volatile figures.

Below is a summary of the average 30-year fixed mortgage rate by year. From the mid-1980s on, the numbers reflect Bankrate’s calculation of the effective mortgage rate, which takes into account the average number of points borrowers pay. The data from the 1970s to the early 1980s is based on Freddie Mac’s reporting.

Year	30-year fixed-rate average
Sources: Bankrate, Freddie Mac
2023	7.00%
2022	5.53%
2021	3.15%
2020	3.38%
2019	4.13%
2018	4.70%
2017	4.14%
2016	3.79%
2015	3.99%
2014	4.31%
2013	4.16%
2012	3.88%
2011	4.65%
2010	4.86%
2009	5.38%
2008	6.23%
2007	6.40%
2006	6.47%
2005	5.93%
2004	5.88%
2003	5.89%
2002	6.57%
2001	7.01%
2000	8.08%
1999	7.46%
1998	6.91%
1997	7.57%
1996	7.76%
1995	7.86%
1994	8.28%
1993	7.17%
1992	8.27%
1991	9.09%
1990	9.97%
1989	10.25%
1988	10.38%
1987	10.40%
1986	10.39%
1985	12.43%
1984	13.88%
1983	13.24%
1982	16.04%
1981	16.64%
1980	13.74%
1979	11.20%
1978	9.64%
1977	8.85%
1976	8.87%
1975	9.05%
1974	9.19%
1973	8.04%
1972	7.38%

dor there's

https://money.usnews.com/loans/mortgages/articles/historical-mortgage-rates

After creepy took over.

Mortgage rates have been historic in their own right during the past few years. The average 30-year fixed rate reached an all-time record low of 2.65% in January 2021 before surging to 7.79% in October 2023, according to Freddie Mac.

 

[Woodznutz]

When could normal people afford homes? ... without government help ... the working class rents, from The Rich, and that was set in stone until the American Revolution ...

A full quarter of the cost to build a home is buried ... never to be seen again ... whether starter or McMansion ... it takes an EF-6 tornado to just expose the foundation ...

Interesting that that's where people go during a tornado or hurricane. Perhaps if the concrete was extended a little higher...

 

[ReinyDays]

Non sequitur reply.

Only because you don't understand how we build today ... or what causes weather ... would you shear with 3/4" CDX? ...

 

[Woodznutz]

dor there's

https://money.usnews.com/loans/mortgages/articles/historical-mortgage-rates

After creepy took over.

Mortgage rates have been historic in their own right during the past few years. The average 30-year fixed rate reached an all-time record low of 2.65% in January 2021 before surging to 7.79% in October 2023, according to Freddie Mac.

Covid policies drove much of that.

 

[ReinyDays]

Interesting that that's where people go during a tornado or hurricane. Perhaps if the concrete was extended a little higher...

Pay the money ... simple ...

 

[Woodznutz]

Only because you don't understand how we build today ... or what causes weather ... would you shear with 3/4" CDX? ...

Most roofs are 'sheathed' with 1/2" CDX.

 

[ReinyDays]

Covid policies drove much of that.

18% mortgage interest rates ... [ka'ching] ... you children today don't know what interest is ...

 

[jc456]

Covid policies drove much of that.

what policies?

 

[Woodznutz]

Pay the money ... simple ...

Spend it up front, save on insurance forever.

 

[Woodznutz]

18% mortgage interest rates ... [ka'ching] ... you children today don't know what interest is ...

I had CD's back then earning 11 percent interest.

 

[Woodznutz]

what policies?

The ones that shut down nearly the whole economy.

 

[ReinyDays]

Most roofs are 'sheathed' with 1/2" CDX.

You mean particle board? ... do you not know what a shear-wall is? ... would you use 3/4" CDX? ...

I certainly have ... many times ... both sides with 8d nails every two inches on seems, 4 inches in the field ... don't TGIs require 3/4" where you live ...

"Sheathing" prevents "shear" ... do you know what shear is and why it's bad in wind storms? ... another word is "rack" ... "bracing" ... who would hide in a two foot foundation crawl space under a house? ... that's stupid ... the foundation goes under the basement, it's the thing that supports the basement and house ...

 

[jc456]

The ones that shut down nearly the whole economy.

whose were those? demofk governors? yeppers. Trump's policy was only for thirty days. You should actually talk truth rather than disseminate disinformation.

 

[ReinyDays]

Spend it up front, save on insurance forever.

Did you? ... how has that worked out? ...