The house is up fo sale

[SunsetBengal]

(10-10-2021, 02:32 PM)George Cantstandya Wrote: Banks are much more careful about over valued loans and bad loans than they were during the 08 crash.   Also I have not seen where home prices have doubled in recent years.   The article below says it has been an average 24% increase since 2019.  I also found the rest of the article interesting since it is on the topic at hand.

https://www.forbes.com/sites/billconerly/2021/10/05/the-housing-boom-is-not-a-bubble/

Here is a quote from the end of the article

 

It's a strange correlation that when market prices are up, banks seem to get much more free wheeling with the lending.  It's like a drug, and they can't resist it.  It's almost like no one learned a thing from all of the inflated home values and easily attainable funding that led to that huge housing crash and ensuing recession.

I should be building my new home, on the land that I already own free and clear, but I'm not.  Why?  Because lumber prices are still sky high.  I'm having my land timbered, at a great time to be selling wood.  I'll get the infrastructure and a large metal garage put on the property for now, and rent a home until the lumber prices come back to reasonable levels.