So how long before China's economic advances cause US housing prices to increase?

[Shockwave]

Any guesses? I say 6 months. Maybe a year.

 

[TranceNation]

what is the logic behind this?

 

[Nebor]

Their $s don't equal our $s.

 

[Shockwave]

Originally posted by: TranceNation
what is the logic behind this?

Its already happened. A perfect example is the price of copper. Its went through the roof. The demand for housing in China is causing them to (obviously) buy materials for construction. We're not talking 1 or 2 rolls of copper wire, insulation or heat ducting. We're talking cities worth. So, I'm curious if China's rising demand for housing materials would affect American construction prices.

 

[Imdmn04]

Originally posted by: Shockwave

Originally posted by: TranceNation
what is the logic behind this?

Its already happened. A perfect example is the price of copper. Its went through the roof. The demand for housing in China is causing them to (obviously) buy materials for construction. We're not talking 1 or 2 rolls of copper wire, insulation or heat ducting. We're talking cities worth. So, I'm curious if China's rising demand for housing materials would affect American construction prices.

Raw material cost of the house is relatively a small factor in a house's price.
The bulk of the price depends on the location of the house.
The same house that cost 200k in the ghetto could cost half a mil in a nice neighborhood with a view.

 

[Eli]

Originally posted by: Imdmn04

Originally posted by: Shockwave

Originally posted by: TranceNation
what is the logic behind this?

Its already happened. A perfect example is the price of copper. Its went through the roof. The demand for housing in China is causing them to (obviously) buy materials for construction. We're not talking 1 or 2 rolls of copper wire, insulation or heat ducting. We're talking cities worth. So, I'm curious if China's rising demand for housing materials would affect American construction prices.

Raw material cost of the house is relatively a small factor in a house's price.
The bulk of the price depends on the location of the house.
The same house that cost 200k in the ghetto could cost half a mil in a nice neighborhood with a view.

200k ghetto houses huh? damn.. you must have some nice ghettos.. lol

 

[OS]

Originally posted by: Eli

Originally posted by: Imdmn04

Originally posted by: Shockwave

Originally posted by: TranceNation
what is the logic behind this?

Its already happened. A perfect example is the price of copper. Its went through the roof. The demand for housing in China is causing them to (obviously) buy materials for construction. We're not talking 1 or 2 rolls of copper wire, insulation or heat ducting. We're talking cities worth. So, I'm curious if China's rising demand for housing materials would affect American construction prices.

Raw material cost of the house is relatively a small factor in a house's price.
The bulk of the price depends on the location of the house.
The same house that cost 200k in the ghetto could cost half a mil in a nice neighborhood with a view.

200k ghetto houses huh? damn.. you must have some nice ghettos.. lol

that'd be CA. My cousin bought a ratty ass condo in Canoga Park for something like 175k or so. It's so ghetto that some f*cker stabbed him for his bicycle.

 

[DurocShark]

Originally posted by: OS

Originally posted by: Eli

Originally posted by: Imdmn04

Originally posted by: Shockwave

Originally posted by: TranceNation
what is the logic behind this?

Its already happened. A perfect example is the price of copper. Its went through the roof. The demand for housing in China is causing them to (obviously) buy materials for construction. We're not talking 1 or 2 rolls of copper wire, insulation or heat ducting. We're talking cities worth. So, I'm curious if China's rising demand for housing materials would affect American construction prices.

Raw material cost of the house is relatively a small factor in a house's price.
The bulk of the price depends on the location of the house.
The same house that cost 200k in the ghetto could cost half a mil in a nice neighborhood with a view.

200k ghetto houses huh? damn.. you must have some nice ghettos.. lol

that'd be CA. My cousin bought a ratty ass condo in Canoga Park for something like 175k or so. It's so ghetto that some f*cker stabbed him for his bicycle.

And in 1 year it'll be worth $400k!

I'll never be able to buy a house at the way this market is. :|

 

[Shockwave]

Originally posted by: Imdmn04

Originally posted by: Shockwave

Originally posted by: TranceNation
what is the logic behind this?

Its already happened. A perfect example is the price of copper. Its went through the roof. The demand for housing in China is causing them to (obviously) buy materials for construction. We're not talking 1 or 2 rolls of copper wire, insulation or heat ducting. We're talking cities worth. So, I'm curious if China's rising demand for housing materials would affect American construction prices.

Raw material cost of the house is relatively a small factor in a house's price.
The bulk of the price depends on the location of the house.
The same house that cost 200k in the ghetto could cost half a mil in a nice neighborhood with a view.

I certainyl wont argue with that, you have to realize, builders will look for ANY reason to add on to the price of a house...... And they sure wont take a loose, which means all those little hikes get passed right on to us buyers

 

[Dissipate]

Shockwave: I'm no expert in the commodities market, but I know one thing: supply matches demand. Sure there is a big spike in commodities now because China has ramped up demand, but I imagine that this will only be temporary until more mines open up around the world. There is inevitably a lag time between increased demand and increased supply, that is the nature of the business. Rest assured that as the prices go up, the more lucrative the mining will be and the more mines that will be opened.