Posted on 11/08/2019 8:27:53 AM PST by eyeamok
According to T.R.U.S.T. South LA, the cost to purchase the building was $8.3 million in 2012 and development cost $77.7 million for the 140 affordable rental units
(Excerpt) Read more at kfiam640.iheart.com ...
“Where I moved to in rural KY, $50k will get you a nice modest 3 BR home”
Is that STILL the case?
I am assuming this is an existing home.
It is very difficult to build anything today anywhere in the country for that price. Even if the land is FREE.
Here in NH it costs about $5-6K for a drilled well. Another $10-12K for a septic/leach field system.
Building a house today is between $100-200/square foot depending on the quality of items you put in that house.
Try hiring ANY experienced excavator operator and they will quote you $150/machine hour.
All of these construction costs may be somewhat cheaper in more rural areas. However, they are not less than half. The only way you can lower these substantially is by doing the work yourself.
For example, you can go out and buy a used backhoe for $10-25K use it to big your house and then sell it when you are done. You can not go out and buy a well drilling rig.
I know a guy who built himself a timber frame home on his 30 acre lot. He bought a use excavator. He bought a used back hoe, He bought a used portable sawmill. He cut down trees and built a house and barn. He put in a outdoor furnace. He burns all the slab wood to heat his house.
He still had to buy a septic tank. He still had to hire Skilling’s to drill his well. He still hired a crew to shingle the roof. Plus he hired guys to hang and tape the drywall. He still had to hire a concrete company to pour the foundation and basement floor. Concrete is about $8/square foot.
FYI, I designed and built my first house in 1989. I sold that in 1995 and remodeled my second house. My third house I bought 7 years ago. I am still working on that. On that third house alone, I have spent about $10K on excavation costs.
I am thinking of adding a 24 x 32 pole barn. Gravel floor with a 12/12 conventional framed roof. Probably metal roof. Although I may want to finish the second floor.
This would be to have a place to park the tractor, lawn mowers, snow blowers, etc. on the first floor.
Any idea what it should cost if I build it myself. Except for the metal roof.
Is that STILL the case?
My wife and I both used to sell real estate in the Seattle area. Our experience has been that in a sense, houses are like cars. A used one is cheaper than a new one. Of course, when houses are all going up in price, a used one will be worth more than it was new. That’s where houses are NOT like cars.
I got a quote from a local company on a 36x30 garage with one standard door, three windows, three 9’ wide garage door openings (no doors), finished concrete floor, sheet metal siding and roof, and insulation. $16,500.
I have to level the ground and drop the gravel under the pad though. I also have to do my own electric (easy peasy).
It will wind up looking like Cabrini-Green in no time.
Any idea what gauge Metal roofing and siding?
Is that a corrugated metal roof or standing seam?
Is that with wooden roof trusses?
That seems pretty inexpensive.
Pole barn and the standard sheet metal they sell around here. I used them for the metal roof on the shed I built myself. Wages are pretty low here and this is a Menonite owned company. Their “showroom” sheet metal building is fairly new. It’s got the really slick concrete floor and I love the way it’s built. They told me that is the exact same construction and materials they would be using.
Oh, this is with one food wide eaves. And The insulation is fairly thin stuff. I’d need to add a layer if I was serious. I have 32 acres of trees and plan on heating it with a wood burning stove. Oh, and there are no building permits required here. :)
I heated with a Jotul wood stove for 16 years in my last house. I installed a Harman pellet insert in this house 6 years ago. I am SO GLAD not to have a wood stove.
It is this model:
https://www.youtube.com/watch?v=Fx_RYtI_f84
Cut the trees down. Sell the wood. That is what I do.
Cut the trees down. Sell the wood. That is what I do.
If the trees are big enough, you can sell them to sawmills in your area. There are plenty of hardwood sawmills in KY and TN.
Actually, that is part of the plan. I bought our first 12 acres in 2008, four years ago our neighbor sold his 22 acres at auction. It was purchased by a sawmill (that was willing to pay more than I was). After they cut the big trees down, they sold it to me for what I was willing to pay. The cool thing was that I got hundreds of cords of wood on the ground ready to cut, and three “rough” roads they built to access the wood in the deeper parts of the property (it’s about 300 yards deep). So now I have a bunch of trails wide enough for a side-by-side that are quite beautiful.
And the trees are all growing! :)
What’s to “celebrate”? Spending waaaay too much of other people’s money?
/sarcasm - of course liberals celebrate this.
You need an L Series Kubota tractor with AG tires and a log chain.
I have about 13 acres. I logged about 8 acres 6 years ago.
They paid me $5500 for the timber(6 or 7 trucks) and chips(4 vans). It was a mix of hardwoods, white pine and eastern hemlock. The hardwoods and eastern white pine went to sawmills here in NH. The hemlock went to China.
They left me a grapple load of smaller mixed hardwood logs for firewood. I ended up selling that to a guy for $600
after I decided to put in the pellet stove.
I will cut blow down trees every year. I have two oak trees laying on the ground right now that blew over in a wind storm. I also have a couple White Ash trees that have died from the Ash Borer insect. I cut them up. Pile them in one place and split them when I have time. I can sell a full pick up truck around here for $100 cash. I just post it on my local Facebook page and some rich yuppy responds within the hour.
A full cord(128 cu ft)of hardwood firewood sells for about $300 around here for seasoned, cut , split and delivered.
All true what you say...
But what do WE do? We’re getting more and more engulfed into this dysfunctional quagmire and it’s only going to get worse. What’s OUR way out?
Thanks Robert A Cook PE. It's almost as if giving someone something by taking something from someone who did nothing wrong leads to a steady downward spiral of violent crimes and parasitic growth.
...the cost to purchase the building was $8.3 million in 2012 and development cost $77.7 million for the 140 affordable rental units...
IOW, $614,285 (rounding off the cents) per unit. Obviously this is just another line-the-pockets scam against taxpayers to enrich the fake humanitarians who dreamed it up as part of their lifelong grifting.
This has been tried before... and failed and failed and failed.
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