Reno Prices Down?
So after reading some of the recent posts about varying kitchen reno labor costs, it got me wondering. Are contractors prices kind of down now because of the economy/lack of projects? I’ve heard this in the news lately but didnt know if it applies to nyc. We’re looking to renovate our kitchen…is now the time?
So after reading some of the recent posts about varying kitchen reno labor costs, it got me wondering. Are contractors prices kind of down now because of the economy/lack of projects? I’ve heard this in the news lately but didnt know if it applies to nyc. We’re looking to renovate our kitchen…is now the time?
CG if you are still reading…..Now is a good time to do a new kitchen but don’t expect 50% off. Prices are down a bit and more contractors are available but it really depends on the hunger of your contractor. Just be sure to get many bids, some guys are very competitive now and you may get a deal.But any deal that seems to good to be true usually is.
BHO, curious, at what point will you be willing to say that the economy has bottomed? Are you only measuring via real estate, Case-Schiller YOY? What do you expect to actually happen in the next 6 months in quantifiable terms?
BHO, I know what I said re: “now” versus “then”. That’s why my first comment to the OP question was:
Not in my experience really. The good ones are always busy and the crappy ones are cutting their prices to get jobs.
“I’d invert your analysis BHO. Over the long term, the economy (and population) drives housing. Not the other way around.”
Normally, true. But this time, home prices were the driver. It was nothing more than a giant Ponzi scheme. That’s how you get a +200% run-up versus more meager number in prior bubbles.
Everybody else – ‘Reno prices down?’ is an economic question deserving of an economic answer.
***Bid half off peak comps***
Guys,
Please quote me where I said free or almost free. I can’t find such a notion in my posts.
“The difference is before they actually had to deny work or refer someone else because they couldn’t handle the workload and now they have enough in their schedule to accept jobs that they chose to take.”
Come on, Ken. You’re arguing with yourself! Can’t you see what’s going on. Renovation is in decline. Then vs now. And ‘now’ is just a snapshot for what might become worse a year from now.
“…8 didn’t even call me back.”
Some of them might be defunct or heading that way. You jump to conclusions.
No need to apologize, Ken. I can take an anonymous insult. Hell, I sometimes dish ’em out. But ‘Reno Prices Down?’ is absolutely relevant to the economy. You cannot break down your answer to the question without regard for the economy.
I was far fetched when I called the houisng bubble and bust, DJIA to 8,000, ‘S&P 500’ to 800, a recession, a drop in rents, etc etc etc. I don’t think you and many others realize how bad things are out there. I hope I’m wrong.
***Bid half off peak comps***
The point is, someone asked a practical question about renovating and you responded with economic theory.
Totally inappropriate.
WHERE is the post about the economic news so we can have a conversation about this and not bother this poor OP with our silly concerns?!
If things get as bad as BHO is stating, the last thing you’ll be worried about is whether you overpaid a contractor or if your house is holding value.
BHO,
I’d invert your analysis BHO. Over the long term, the economy (and population) drives housing. Not the other way around.
Bananas aren’t grown locally and therefore not abundant like labor, mopar. You can do better than that.
***Bid half off peak comps***