Lawn Care Business Forum Lawn Care Business Book Lawn Care Business Blog Lawn Care Software
Home Forum Contract & Flyer Templates Blog Software Videos Podcast Calculators / Estimators Store Mower Review Design It Yourself Lawn Business School

Go Back   GopherHaul Landscaping & Lawn Care Business Marketing Forum > Lawn Care, Landscaping, and Property Management Forums > General Talk

General Talk If it doesn't fit anywhere else, post it here.

Home prices


General Talk

If it doesn't fit anywhere else, post it here.
Reply
 
Thread Tools Search this Thread
  #1  
Old 07-16-2008, 10:01 AM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,509
Rep Power: 10
Steve has disabled reputation
Default Home prices

How have the home prices been in your area?

I found this statistic to be amazing and wanted to share it with you.

At housing’s bottom, many will be priced out - The traditional benchmark is that housing costs shouldn't exceed 28 percent of a household's gross monthly income.

Strikingly, in nearly half of the 40 major metro areas studied, households earning 120 percent of the median income fell short of the affordability benchmark.


We seem to still have a long way to go before we hit a bottom. If it is even to be reached!

What's your view on this?
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote

Stop guess-timating. Learn how to estimate and make money! $$$
Mow Time Estimator Lawn Care Price Estimator Mulch and Topsoil Calculator Snow Plow Estimate Calculator


  #2  
Old 07-16-2008, 05:53 PM
musician/lawnman musician/lawnman is offline
Chuck
 
Join Date: Feb 2008
Location: South West Florida
Posts: 919
Rep Power: 0
musician/lawnman is on a distinguished road
Default

Lawn care business tipsLawn Care Business Book
Times are hard, though I kinda wish I didn't own a home right now. It is the time to buy here. & for a little more than I spent in 03 (before the big market spike) I could be in nearly twice the house now. I just know I won't be able to sell the one I own now & don't want to deal with renting it & tenants & eviction notices, paying 2 mortgages etc.

People are going to have to expand out of the metro areas. It's a natural thing. From the begining... along the beaches & rivers were valued land due to the water access back then that's how goods were moved. cities built around these areas. Now the cities are where the jobs are yes, but there are more people on the planet & in the country thus the land is worth even more as it's now in short supply. People can't live in each others laps. So if you wanna be there you pay $$$$$ big. As people move in & really populate rural areas little towns become bigger cities & their property value goes up too. It's not gonna stop anytime soon... buy a peice of the rock now, it'll be worth more tommorow (metaphorically speaking... it might be a year or 2)
Reply With Quote
  #3  
Old 07-16-2008, 07:55 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,509
Rep Power: 10
Steve has disabled reputation
Default

Very interesting! Have you gotten a chance to meet any people in your area that are involved with real estate investing? Buying, fixing up and selling or holding on and renting?
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #4  
Old 07-16-2008, 08:31 PM
musician/lawnman musician/lawnman is offline
Chuck
 
Join Date: Feb 2008
Location: South West Florida
Posts: 919
Rep Power: 0
musician/lawnman is on a distinguished road
Default

no not really, if you had the money it's a good time to buy & hold em here. It's selling & renting that will put you in the poor house or insane asylum around here. Talk about loosing your butt.
Reply With Quote
  #5  
Old 07-17-2008, 01:16 AM
UniversityLandscapers
Guest
 
Posts: n/a
Default

I am definitely a believer in the fact that property will appreciate over time, since people are still making the move from rural to urban, and the population is growing. That being said, if you live in a rapidly declining city (i.e. Detroit) where supply far outpaces demand, values will drop.

Here in Vancouver, the average detached home price is $921,000 according to the most recent figure I could find. Our last assessment came in at $1.8 million for a 2,000ish sq ft house on a 62' x 122' lot in a fairly upscale, but not overly opulent neighbourhood...(this is my parents house, not mine...I'm 20). That was a 23% increase from last year for no apparent reason. They even appreciated the value of our buildings, which we made no improvements to...I don't know how that works, since technically any asset other than land is supposed to depreciate over time unless you make some sort of improvement or investment to it...but hey, this is Vancouver, where a fairly average house is worth $1.8 million, so I guess it's never really going to make sense.

As a point of reference, I believe the house was purchased somewhere in the $300K range in 1988.
Reply With Quote
  #6  
Old 07-17-2008, 07:35 AM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,509
Rep Power: 10
Steve has disabled reputation
Default

Those are some big figures. I forgot how the US dollar translates to the Canadian dollar at the moment.
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #7  
Old 07-17-2008, 09:10 PM
UniversityLandscapers
Guest
 
Posts: n/a
Default

It's roughly par...Vancouver is just out of control when it comes to the real estate market. A studio condo downtown in a high rise is about the only thing you can get for less than $500K...once you actually have a bedroom, you start going up and up.
Reply With Quote
  #8  
Old 07-18-2008, 08:49 AM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,509
Rep Power: 10
Steve has disabled reputation
Default

WOW!
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #9  
Old 07-19-2008, 01:46 PM
UniversityLandscapers
Guest
 
Posts: n/a
Default

Ya, it's a bit of an issue. I'd like to live in Vancouver when I graduate college, but it's hard to do without throwing money out the window on a rental apartment until you can muster up enough for a down payment on a condo, since you can't afford to buy a house these days until you're 35 or 40 if you have an amazing job...

The government just banned no down payment mortgages and 40 year amortization too...which is kind of a pain, but I guess they want to avoid the whole "mortgage meltdown" that's been happening in the US.
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Hourly Prices? and Acre Prices? Paradise Lawn and Pool General Business Discussions 0 03-10-2008 09:02 AM
Home prices? Steve General Talk 0 01-19-2008 08:47 PM
winter prices FourSeasons General Talk 10 01-03-2008 05:23 PM
Home prices Steve General Talk 0 09-19-2007 05:08 AM
Raising prices. Steve Lawn Maintenance / Lawn Renovation 6 05-09-2006 07:41 PM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
I came across this on a...
rootytalbot
Yesterday 11:04 AM
Today 03:34 PM
by jrs.landscaping
5 105
recycler toro 22"
rvezakis
Today 12:10 PM
Today 12:10 PM
by rvezakis
0 25
Help bidding a hedge...
hopolb33
Yesterday 06:09 PM
Today 11:08 AM
by Steve
1 62
Big mowing job
Bradcook21
07-30-2015 03:57 PM
Today 11:06 AM
by Steve
7 172
scag SWZT review!
mattthelawnguy
07-23-2015 02:28 PM
08-01-2015 11:27 AM
by mattthelawnguy
10 422
Say Hello !!!
Steve
03-19-2007 11:18 AM
07-31-2015 12:29 PM
by Steve
1,227 401,636
Hello Everybody
budspop
07-30-2015 11:42 AM
07-31-2015 12:28 PM
by Steve
1 74
Should I buy this Exmark...
googus
07-03-2015 09:22 AM
07-31-2015 11:34 AM
by googus
9 613
Hello!
brandycarlton
07-29-2015 12:31 PM
07-29-2015 03:54 PM
by Steve
1 147
Assessing the Market
NJDB60
07-27-2015 03:25 PM
07-28-2015 09:24 PM
by Steve
2 264
Whats wrong with this...
GreenWorx
07-28-2015 07:56 PM
07-28-2015 09:09 PM
by Steve
2 243
Funny craigslist post
GreenWorx
07-28-2015 07:17 PM
07-28-2015 09:02 PM
by Steve
2 261
Watch out for this -...
rootytalbot
07-22-2015 02:13 PM
07-28-2015 09:00 PM
by Steve
7 414
NewVenture
NJDB60
07-27-2015 03:38 PM
07-28-2015 08:58 PM
by Steve
1 236
Pricing issue
Mr. Mow
07-07-2015 06:15 AM
07-27-2015 06:40 PM
by GreenWorx
17 811
how to make customers...
Bradcook21
05-27-2015 05:04 PM
07-27-2015 06:08 PM
by GreenWorx
15 2,987
Need your help, Gopher...
Chilehead
07-23-2015 07:02 PM
07-27-2015 11:28 AM
by Steve
11 405
These are the days on...
ExtremeLawncareServices
01-11-2015 10:41 AM
07-27-2015 11:22 AM
by Steve
94 10,502
Dogs
Mr. Mow
06-29-2015 02:37 PM
07-25-2015 07:50 AM
by Chilehead
12 2,449
Just about mid year, how...
GreenWorx
06-24-2015 07:05 PM
07-22-2015 07:31 PM
by Chilehead
14 2,522
Learning as I grow -...
WarriorLandscapingCAN
07-18-2015 07:46 AM
07-21-2015 10:53 AM
by Steve
3 330
Large dirt mound removal
purdue1973
07-09-2015 07:45 PM
07-20-2015 12:55 PM
by Steve
6 480
Hey everyone
Fantasy landscaping
07-09-2015 06:53 AM
07-09-2015 11:47 AM
by Steve
1 347
Quickbooks Online
jscarolina
07-08-2015 07:54 AM
07-08-2015 12:55 PM
by Nate10928
1 369
I dont know what to do...
Bradcook21
06-21-2015 08:49 AM
07-07-2015 09:48 PM
by SGL1
16 2,776
Start LIKING FACEBOOK...
rlclawncare123
02-26-2015 12:06 AM
07-07-2015 02:54 PM
by GreenWorx
13 3,710
Is it too late to do...
markty
06-16-2015 05:28 PM
07-07-2015 01:00 PM
by problem solver
9 2,516
Hi everyone
Mattw
07-06-2015 05:59 PM
07-07-2015 10:18 AM
by Steve
1 372
4th of July parade...
Steve
07-06-2015 10:35 AM
07-06-2015 10:35 AM
by Steve
0 319
Unemployment rates drop,...
Steve
07-02-2015 12:40 PM
07-06-2015 10:30 AM
by Steve
4 493
» Popular Tags
accounting applying bark blowout bob villa bush collections contract help curb appeal services deliquentaccounts demonstration design door hangers edging employee problems equipment rental facebook flyers free advertising free lawn care google growing a lawn care business hardscapes hiring how to husqvarna hydro increase customers invoicing jobs landscape services landscaping landscaping training lawn care lawn care busines plan lawn mowing marketing more customers business mr dave new business ordinance past due patio install per hour charge per hour service plowing pricing quickbooks online roundup scag secrets to landscaping sell the vision seo shreaded small engine repair snow plowing solo solo backpack sprayer sq ft square foot swzt tree tree pics up sell employee walk behind web design website website design winterization wood
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 09:47 PM.


(C) 2011 Riggs Publications - Terms of use & Privacy Policy

All times are GMT -5. The time now is 09:47 PM.

(C) 2011 Riggs Publications - Terms of use & Privacy Policy