real estate market right now is overpriced bullshit, but i have a plan. you see, i realized that the best thing to do in this environment is to buy a small plot of land and build your own house from scratch on it. start small, like a cabin with indoor plumbing, and add on to it over time as you get a wife, have kids, etc. fuck giving these boomers 500k+ for their old as shit houses. fuck 6% interest on a mortgage. real estate is much more illiquid than people realize, if enough of us refuse to buy, it WILL crash the market. let these greedy boomers discover that their equity is an illusion. young people will not be paying for your retirement in thailand.

>>60747318 (OP)
>build your own house from scratch on it. start small, like a cabin with indoor plumbing, and add on to it over time as you get a wife, have kids, etc
Ironically this worked when boomers were buying, but nowadays you need to get an architect, permitting, regulation on exactly how it's built, that it meets the minimum size, right frontage, right distance from road, get a water table study, etc.
It's a fulltime job to coordinate and it's all needed even for a small cabin (if they even let you build something that small).
And sure maybe that's fine, maybe you can get away with making a small build and saving yourself a few hundred thousand dollars. But then when it comes time to do an addition, remember you have to do that again, it will be even more one-time costs, and by the time you build the equivalent of an average house you will have paid the same amount, gone through years of headaches coordinating teams of people and contractors that will try to rip you off, and lived in a smaller house that was constantly in the middle of renovations.
Sometimes it's better to just borrow the money and buy, sometimes it's better to recognize the game is rigged from the start and just retire to thailand instead.

>>60747364
>just retire to thailand instead
This picture, though accurate about (You) and everyone else on this hellhole, does not tell the whole story: actual niggers, too, frequent Thailand to fuck insects and live in jungle nightmare. Keep that in mind next time you're nutting in your sweet little slope princess, you might be plapping away in tyrone's cum even all the way out there

>>60747374
kek I did visit years ago for a few weeks, in the bangkok airport waiting for my flight to chiang mai I overheard tyrone talking on the phone with laquisha
>yooo this place is incredible
>you would not believe how cheap it is to live here
>yooooo lets move here
>ahaha yea we could live on just 2k/mo we wouldnt have to work no more
I didn't see any outside the tourist areas though, but I'm sure it has only gotten worse since then.

>>60747364
This this this.
I own multiple properties in caifornia and the amount of hoops you have to jump trhough, the amount of permitting needed, the amount of regulation put down on private builders is retarded. If youre in a different state its likely not a big deal. Where i see a substantial cost savings is in situations where you want to build a custom, 3000+ sqft home that would cost 1m+ on the market. Because in private builds, the bigger you go, the lower your build price/sqft goes down. But if youre building something small, the juice isnt worth the squeeze, and the time you spent coordinating, building, and going through logistical headaches is outweighed by the money youd save

>>60747570
what is so hard about getting permits and hiring licensed contractors

>>60747570
Real, if you're dealing with all that shit it's almost always better to build big. You get more house for your dollar that way.
Everyone memes about big houses, saying how nobody needs that much space, and I agree, I'd be content living in 1000sqft. But when you can go from 1000sqft to 2000sqft and it only costs 20% more, it seems like a nobrainer. Not to mention the resell value if you move will be better too.
>>60747653
>what is so hard about getting permits
Friction, you can pay thousands of dollars to get your plans put together and send them off to the permit office, pay their fee, then you won't hear shit for weeks, sometimes months. Then when they finally get back to you, sometimes they'll point out a problem that your architect has to fix, and you'll have to go to them and get it changed, then you have to wait more weeks/months and hope they don't have any other problem with it. 99% of the time it's not even a real problem, it's just madeup guidelines and rules specific to each city about how they want things for the sake of it.
>hiring licensed contractors
Endless problems, delays in shipments, trying to get you to pay for more shit that you don't need, not doing the work, or doing sloppy work and not fixing it or coming back weeks later to fix shit, or subcontracting to their friends that have all the same problems, working on other jobs and leaving your shit half finished for weeks.
They'll recommend shit just to try to drive up the bill too
>I know you just want a driveway but it's too close to the hill, I'll just install a retaining wall and that will work just fine
>you don't want me to get started without a quote? yeah let me get back to you
>it's going to cost around $50k, I can start next week
>oh you don't want it? you just want to have the driveway a bit further away? yeah ok we can do that instead

>>60747318 (OP)
>real estate market right now is overpriced bullshit
More like fiat is underpriced. Labour also.

>>60747819
inflation does not account for the gigantic price increase we have seen the past few years. it's just FOMO

>>60747816
i respect your opinion but it sounds like you've just had a few bad experiences
i doubt getting permits and dealing with the proper authorities is that big a deal. annoying sure but not a roadblock

>>60747653
im not saying its not doable, i just think you severely underestimate what it takes being the GC on a jobsite, especially if you arent fluid in project management, negotiating with subcontractors, and dealing with the city/county in a larger capacity. Id assume youd also be doing this while trying to work full time. Its like pulling teeth

Ill give you just one VERY shitty example.
I split up a parcel in the rural area of riverside california for a future build. The county charged me 30 grand because i didnt have enough access for a fire truck to come in and out of the property from the street at a specific angle. Now granted, i agree that its important. But they could have just allowed me to scoop out 3 feet of width of dirt on the already existing dirt road, but instead they forced me to hire an engineer/architect to tell me to scoop out 3 feet of dirt.

Its honestly utter horse shit. Thats just 1 example of the 100 things that can go wrong on a private build

>>60747864
>i respect your opinion but it sounds like you've just had a few bad experiences
Personally I've never done this, I rent, but I grew up with parents that did extensive renovations over the years, and I know people that custom built their home - it took them over 3 years, granted they had supply problems due to covid, but it still took a very long time, they hired a good general contractor but they had constant ongoing problems with everyone else.
>i doubt getting permits and dealing with the proper authorities is that big a deal. annoying sure but not a roadblock
Not a big deal, but it's one of many things, and yea it's annoying, not a roadblock, just the annoyance cost goes up significantly if you're doing it multiple times as you build out your house as OP described.

>>60747913
Just let this retard spend 150k and 3 years to build a coom shelter he could have bought for 200k. He doesnt want to be convinced, he wants reinforcment

>>60748053
>t. boomer upset that someone doesn't want to buy old as shit houses

>>60748064
im 35 years old, have a home, and have been browsing 4chan since you were shitting in your diaper. I just think youre being a little cynical about the real estate market

>>60747318 (OP)
I had this idea three years ago. You can build for $200k in northern AZ and the weather is great.

>>60747318 (OP)
why do you think people consider price per square foot when purchasing a house

This thread, while I agree with OP's anger, is sadly a massive cope. Let's just face it, boomers won, they got unbelievably insanely extremely lucky and every choice they made in life was the lucky one, and we are now at their mercy. Try to dance around their games, and they'll punish you with (already mentioned in this thread) overregulation/red tape which really just amounts to the full cost of a house but you also have to deal with the delay headaches (oh and extremely shitty modern carpentry really just awful craftsmanship) on top of that. You'll have to pay outrageous amounts just for your repair to go wrong and for you to throw even more money down the drain with extra repairs and possibly lawyers.

>>60748407
>they got unbelievably insanely extremely lucky
Yes
>every choice they made in life was the lucky one
Lmao most of them let inflation burn away their wealth by stuffing cash in their mattress, lotto tickets, reverse mortgages, etc. Average boomer is kinda fucked which is really funny, but the rich boomers are as you describe. Wait til housing corrects even harder over the rest of the decade and neither they nor their children can afford decent end of life care

>>60747318 (OP)
>price to build comparable to buying
>need approval from gov to build additions to your house
its not that easy

>>60747318 (OP)
location location location

>>60747318 (OP)
>as you get a wife, have kids, etc
Said like a retard without either... some sage advice from a retard with both. You cant do shit with women and children around. You spend most of the time keeping the kids alive and woman sort of sane. Kids will have to age about 8-10yrs before they arent a 24/7 burden. By then you are at best 45. But whatever ur 20 and know everything and will be the most amazing person ever my mistakes are my own, old man.

>>60747364
My literal schizo uncle built out a cabin on his own property by himself then sold it for 20k. It was like 500sqft, my cuck shed is 100sqft coat about 5k to put up in 2020 and i did the insulation, drywall etc..myself. i could do it because kid were in house and away from the shed where i work which is now basically my home. The house is for the family and that doesnt include you/dad.

>>60747318 (OP)
>buy a small plot of land and build your own house from scratch on it
In most counties (at least in a real state) you won't get permitted until you have septic and concrete blueprints that have to be approved

> if enough of us refuse to buy, it WILL crash the market.

Retard. All these REITs are buying up anything they can. They will never stop buying. What you can do is call your congressman and tell him to stop letting corporations buy up single family homes

>>60749427
kek sheds are fair game, basically the only thing you can build without needing a permit, too bad it can't be a legal residence.
It's funny because the cost of housing crisis would immediately solve itself if the feds stepped in and forced every city to allow property owners to build in-law suites.
>the shed where i work which is now basically my home. The house is for the family and that doesnt include you/dad.
Sounds sad, why are you hiding in your shed? I can understand stepping away to have some peace and quiet once in awhile, but you consider it your home? Wtf? I had a father that was present in my life and he never did shit like that, maybe you should consider doing the same.

>>60747374
Who cares if niggers fuck bugs? It's probably an improvement to both lineages.

>>60747318 (OP)
Buddy, you talk like a retard. This isnt some big revelation you have. Literally basic shit people throughout the ages have thought of

>>60749471
Isn't even more complicated than that, don't you have zoning permits, electricity, what happens if shitty shack starts burning and the closest fire department is 10 hours away.

>>60747364
>contractors that will try to rip you off
You know what grinds my gears, why are contractors always trying to rip you off? Where does the greed end?

>>60749471
>you won't get permitted until you have septic and concrete blueprints that have to be approved
so? of course you need septic and blueprints to build a house.

>>60747318 (OP)
>anon trying to build something within 50 miles of me without express approval and management of some HOA

NIMBY!
YOU BETTER BELIEVE THE MAYOR IS GOING TO HEAR ABOUT THIS
NOW BUY THE COOKIE CUTTER BOX HOUSE DOWN THE STREET, LIKE A GOOD BOY

>>60747318 (OP)
Can you even get a loan for this? I doubt a bank will give you a loan to build a house when you could just buy one and have the asset guaranteed. If you have like 500k ready to drop, then sure go ahead, but after the price of building supplies has gone up, and all of the red tape of building, you probably won't even save that much money over buying a boomer cabin

>>60747374
Hey fuck you my wife thippy69 is pure