Originally Posted by
Jim Luttrall
Now would also be a good time to build for the same reasons. I'll bet raw land is cheaper now that a year ago, too.
It is 'cheaper to build now' than it was 'to build then' (last year), but ...
... NOT as cheap as it is to buy finished houses (or almost finished houses) are 1/2 price or less, maybe even 1/4 price.
The thing to do when buying, and this is very important, is to verify there are no liens on the house.
We have a friend who's son was building down there and they went broke because they did not get paid by the contractors/builders they were building shells for, they are now working in Louisiana and Mississippi rebuilding that area.