Craig, I think you missed my point. Small interest rate increases have far more impact on a persons ability to qualify for a loan than the cost of the house itself. Someone that could qualify for a 200K house at 5.5% may be able to qualify for a 250K house at 5%. That's a 20% increase in buying power for a 1/2% decrease in interest rate amortized over a 30 year loan that owners, on average, will turn-over every five years either buy selling the property or refinancing the loan. Now I just pulled these numbers out of an orifice I'll leave to your imagination but the principle I'm demostarting is sound. I have a paper/report along prepared by someone more knowledgable than myself arguing this phenomena that I'll be happy to share with interested parties as long as I'm not inundated with requests. I'd post it on the list but I think we can't send attachments and have them actually arrive on the other side.
On 4/26/07, [EMAIL PROTECTED] <[EMAIL PROTECTED]> wrote:
Still irrelevant. If you can't afford the $350K then step down to $300K or $250K. It's basic economics not rocket science. Trouble is most people's ego won't let them do that. Gotta keep up with the Jones's, even if it's all the way to bankruptcy court. Anyway, back to our regular programming.............................. Craig L. Prahl, CET Fire Protection Group Mechanical Department CH2MHILL Lockwood Greene 1500 International Drive PO Box 491, Spartanburg, SC 29304-0491 Direct - 864.599.4102 Fax - 864.599.8439 [EMAIL PROTECTED] http://www.lg.com -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Ron Greenman Sent: Thursday, April 26, 2007 11:47 AM To: [email protected] Subject: Re: National Association of Home Builders is orchestratingamajoropposition campaign against residential fire sprinklers Craig, Consider what a 1/8th point increase in interest can do to both the total cost of the house and the monthly payment and then consider amortizing another 8K of a 160K house at the lower rate. What then affects the ability to buy? And by the bys, the average house in Seattle is about 350K. On 4/26/07, [EMAIL PROTECTED] <[EMAIL PROTECTED]> wrote: > I don't buy their reasoning that the extra $2-$4 a sq. ft would make > 250,000 people unable to buy the house if sprinklers were added. > > For a typical 2000sq ft home in our area at $160K an additional $8000 > shouldn't make or break the deal. If people's finances are that tight > then drop down to a less expensive house. Go for 1500sf instead of > 2000, > > GEEZ WHAT A CONCEPT, buy what you can afford! > > That's just a bogus argument that people would be forced to rent > substandard housing instead of becoming home owners if sprinklers were > mandatory. > > I see builders around here building $150K and up houses all over the > place while the median income is like $35-40K a year. The builders > need get their baseball caps screwed on straight. > > > Craig L. Prahl, CET > Fire Protection Group > Mechanical Department > CH2MHILL > Lockwood Greene > 1500 International Drive > PO Box 491, Spartanburg, SC 29304-0491 Direct - 864.599.4102 Fax - > 864.599.8439 [EMAIL PROTECTED] http://www.lg.com > > > -----Original Message----- > From: [EMAIL PROTECTED] > [mailto:[EMAIL PROTECTED] On Behalf Of Roland > Huggins > Sent: Thursday, April 26, 2007 10:29 AM > To: [email protected] > Subject: Re: National Association of Home Builders is orchestrating > amajoropposition campaign against residential fire sprinklers > > There are two big reasons they builders are opposed. One (stated > reason) is the cost but more likely why have one more sub to create > headaches. The second (non-stated reason) is that there is a ton of > money made from repairing damaged houses. > > Roland > > On Apr 25, 2007, at 11:18 PM, Jack KGmail wrote: > > > John > > Is that only me not getting it or are we (in Australia as well as > > USA and Canada and New Zealand,....) missing the "common sense"? > > 1- The cost to sprinkler a house is comparable to a carpet upgrade, > > from cheap-end to reasonable-average carpet, perhaps $2-3 per sq ft? > > Or upgrade appliances from average to better. With respect to what > > this couple of bucks per sq ft can do, the cost is more than > > acceptable in my book. > > 2- Smoke detectors are a great invention, extremely cost-effective > > to detect the fire at incipient stages and (hopefully) wake-up > > everybody to a timely evacuation. Haven't seen any that douse the > > fire, control its spread or put it out yet and been in this line of > > business for 25 years! > > 3- All building codes aim at the absolute minimum requirements, > > "luxury items" like running hot water, air-conditioning etc are not > > required to comply with the codes, but hey, haven't seen many houses > > without these luxuries as well. > > > > Hope I am not alone thinking like that. > > > > Cheers from Downunder > > Jack Kilavuz > > > > -----Original Message----- > > From: [EMAIL PROTECTED] > > [mailto:[EMAIL PROTECTED] On Behalf Of John > > Drucker > > Sent: Thursday, 26 April 2007 8:06 AM > > To: [email protected] > > Subject: RE: National Association of Home Builders is orchestrating > > a majoropposition campaign against residential fire sprinklers > > > > Facts about Sprinklers from the National Association of Home > > Builders > > > > The home building industry is dedicated to the safety of the > > communities in which they build. > > > > That's the reason why the National Association of Home Builders > > supports programs that encourage the installation and maintenance of > > smoke alarm systems in all homes. > > > > Home builders have a vested interest in the safety of their products > > both during the building process and after the house becomes > > someone's > > > home. > > Whenever changes are proposed to the building codes that govern how > > homes are constructed in each community, the home builder acts as a > > consumer advocate. It's the home builder's role to make sure that > > these proposals are necessary and that they are cost effective > > before they are adopted so that homes stay affordable. For each > > $1,000 added to the price of a home, another 250,000 potential home > > buyers are forced to remain on the sidelines. > > > > Home builders would never diminish the important role that cost- > > effective building codes play in providing for occupant safety and > > health; in fact, new homes are safer than ever. However, as a > > society, we cannot afford to deny needed housing for the sake of new > > requirements without proven benefits. > > > > While they should remain an option for home owners who choose them, > > fire sprinklers in single-family homes are expensive to install, can > > be difficult to maintain and do not represent a cost-effective > > safety improvement over smoke alarm systems. For that reason, NAHB > > does not support measures to mandate their use. > > > > http://www.smokealarmswork.org/firesprinklers/index.html > > > > > > _______________________________________________ > > Sprinklerforum mailing list > > [email protected] > > http://lists.firesprinkler.org/mailman/listinfo/sprinklerforum > > > > To Unsubscribe, send an email to:Sprinklerforum- > > [EMAIL PROTECTED] (Put the word unsubscribe in the subject > > field) > > > > No virus found in this incoming message. > > Checked by AVG Free Edition. > > Version: 7.5.463 / Virus Database: 269.6.0/775 - Release Date: > > 24/04/2007 > > 5:43 PM > > > > > > No virus found in this outgoing message. > > Checked by AVG Free Edition. > > Version: 7.5.463 / Virus Database: 269.6.1/776 - Release Date: > > 25/04/2007 > > 12:19 PM > > > > > > _______________________________________________ > > Sprinklerforum mailing list > > [email protected] > > http://lists.firesprinkler.org/mailman/listinfo/sprinklerforum > > > > To Unsubscribe, send an email to:Sprinklerforum- > > [EMAIL PROTECTED] (Put the word unsubscribe in the subject > > field) > > > > _______________________________________________ > Sprinklerforum mailing list > [email protected] > http://lists.firesprinkler.org/mailman/listinfo/sprinklerforum > > To Unsubscribe, send an email > to:[EMAIL PROTECTED] > (Put the word unsubscribe in the subject field) > _______________________________________________ > Sprinklerforum mailing list > [email protected] > http://lists.firesprinkler.org/mailman/listinfo/sprinklerforum > > To Unsubscribe, send an email > to:[EMAIL PROTECTED] > (Put the word unsubscribe in the subject field) > -- Ron Greenman at home.... _______________________________________________ Sprinklerforum mailing list [email protected] http://lists.firesprinkler.org/mailman/listinfo/sprinklerforum To Unsubscribe, send an email to:[EMAIL PROTECTED] (Put the word unsubscribe in the subject field) _______________________________________________ Sprinklerforum mailing list [email protected] http://lists.firesprinkler.org/mailman/listinfo/sprinklerforum To Unsubscribe, send an email to:[EMAIL PROTECTED] (Put the word unsubscribe in the subject field)
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