MOTD (Meme of the Day)

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jeepinmatt said:
Talking with a teller at the bank the other day, she told me she had just moved to southwest Charlotte, and the 2 bedroom apartment she is renting is $1800 a month!!!! That’s within spittin distance of my mortgage, for a dang apartment!
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I saw a double wide in my area (nothing special) the other day for $2100 a month. That's double my mortgage for a double wide!
 
R Q said:
I don't know how kids are ever going to get into a home these days. This isn't just regular inflation and the housing market growing. My son is looking for land in bumfuck Egypt and even land is ridiculous.
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The worst part, many lenders wont take that land as collateral for a building loan either. They will lend you the money to buy it, but without a home on it, they will tell you that it isnt worth anything; after you pay it off.
 
NCJeeplover said:
I saw a double wide in my area (nothing special) the other day for $2100 a month.
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Yeah, but it is a double wide, not just a regular wide...
 
NCJeeplover said:
I saw a double wide in my area (nothing special) the other day for $2100 a month. That's double my mortgage for a double wide!
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I'm over here building some iteration of these as quickly as possible...they're just derivatives of buildings I'm already making. Depending on options and whether I need to send my onsite crew out, costs me $10-30k. Folks are paying me $50-60k wholesale, unfinished. My vendors/dealers are selling retail at $70-90k depending on subbing out the finishing touches, and some customers are opting to just finish out themselves. I have a 200 unit order now for a guy that owns several 1-4acre plots in and around Charlotte, where he's cleared to put 8 of these per acre...and he's planning on charging $120k. I have a guy down in Wallace, selling 5-6 12x28-14x40's with porches every single month for the last 9 months.

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NCJeeplover said:
I saw a double wide in my area (nothing special) the other day for $2100 a month. That's double my mortgage for a double wide!
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I saw a finished Airstream for rent in Durham today for $1800 a month. Not even a big Airstream.
 
UTfball68 said:
I'm over here building some iteration of these as quickly as possible...they're just derivatives of buildings I'm already making. Depending on options and whether I need to send my onsite crew out, costs me $10-30k. Folks are paying me $50-60k wholesale, unfinished. My vendors/dealers are selling retail at $70-90k depending on subbing out the finishing touches, and some customers are opting to just finish out themselves. I have a 200 unit order now for a guy that owns several 1-4acre plots in and around Charlotte, where he's cleared to put 8 of these per acre...and he's planning on charging $120k. I have a guy down in Wallace, selling 5-6 12x28-14x40's with porches every single month for the last 9 months.
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70-90k CO issued, or 70-90k materials delivered?
 
ckruzer said:
70-90k CO issued, or 70-90k materials delivered?
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CO issued. Can go up or down depending on options. You want a standing seam roof, that’s 3x master rib/5V. You want a two bedroom layout vs a single or 1 bath vs 2, those are probably $5k/ea to the end consumer. Pad prepped building vs underpinned vs foundation (makes a difference in how I prep the building). LVP vs glue down is about a $1/ft difference in material and $1/ft difference in install. Board and batten siding vs lap vs LP smart board can have a $5-10k impact. From my side you also have porches, dormers, French doors, etc etc as options. The finish work is all pretty flat once it leaves my facility, but everyone is tacking on an easy 20% to their cost.
 
obullfish said:
I’m making a little over $2k a month renting out my 32’ RV outside of Asheville. Craziest shit I’ve ever seen.
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Is that in place on a site, or rental to drive around? Either way, that's awesome.
 
jeepinmatt said:
Is that in place on a site, or rental to drive around? Either way, that's awesome.
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Full hook up site on my property. I wouldn’t let someone tow it to their location for $5k a month. Had someone offer $2500 a month to put it on their property and I refused, then told them to buy their own and do as they wish when they got an attitude about being told no.
 
obullfish said:
Full hook up site on my property. I wouldn’t let someone tow it to their location for $5k a month. Had someone offer $2500 a month to put it on their property and I refused, then told them to buy their own and do as they wish when they got an attitude about being told no.
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I assume that is short term rentals vs monthly?
 
paradisePWoffrd said:
I assume that is short term rentals vs monthly?
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I use Airbnb to market it and I’ve had a couple stays that were a few days but the majority are 45-90 days with 24 hours to turn the unit around. At the moment the tenants rented for 105 nights and currently checking out on 12/31/23. In 2 years I’ve only had 1 tenant that was a problem and didn’t want to leave at the end of her stay. A quick call to the sheriffs department and she was on her way.
 
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