Thread: Mortgage Times
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Old 04-26-2008, 10:30 AM
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Default Re: Mortgage Times

Thanks Adam!!!

I missed getting to read up Friday.

I'm just finishing up a lower high end priced home in a real fast growing town about 25 miles NE of LR, AR that in this area it had a 16% gain in sales for Feb. 2008 versus LR that had a 19% drop in sales. I got caught in transion from materials priced high to falling low after the bulk of framing the guts (you know what I mean) and ready for landscaping. I'm sort of still concerned.

Saving grace I hope is it has Lake in back yard with the tee box #12 touch left rear of back yard also cart path all looking out of back windows or standing on big tall deck. I'm hoping the view will save me. I would be happy to break even as people are looking for bargains and this is just not a bargain kind of house. I build everyone like I'm moving in and even with bad news I spent every penny that should have been spent and cut no corners even though I could have.

I have thought of moving in as I have always wanted home and lake in back. I sort of look at house like stock. You have not lost any money if you have not sold it. I have even thought about leasing it and let pricing come back to me. Man I thought about not starting this one but, no real bad stuff out yet so I should have went with my gut I guess and held back.

I have made deals long term on rough material bypassing local builders retail stores and getting the rough out of West Memphis from guys who supply the normal builder suppliers. I hope it will catch some sales by being able to really get prices down from where I would be stuck buying from same suppliers the rest are. It was a real blessing that I happen to meet the major wholesalers best friend. I had helped the best friend on getting a big drywall and paint contract. He said man I would like to do something for you. So you never know when a kind turn will lead to that worm turning in a good way. Crazy thing is the big man said the material will be delivered by local lumber yard I do not use but, now will. Makes no diff to me. My guess is the big man owns this state chain store. The other guys have done nothing special so nothing owed except pay their bills, which are.

Well Thanks Again Adam and sort of gave me a place to get this off my chest and feel a little relief.

TAZ
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