- Aug 13, 2010
That volatility sucks. Hopefully you’ll be wrapping up soon. What’s lacking?but for real, when you go to get a construction loan, and interest rates are 3.5-4%, and material prices have started to normalize, then 9-12 months later prices are matching all time highs, plus inflation and fuel prices making labor and deliveries more expensive, then when you're about 90% done but have spent 110% of your loan and interest rates are at 6.5-7%.... Yeah kinda ****ed.
Oh well, we built some Yankee or half-backer a nice house and property.