bedroom sets under 300 dollars
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OK one of my friends is a dreamer for sure but also is a thinker!
and he has some land that his grandfather left for him and in a year or so he plans on building a house on it for him self,
the house he wants to build is awesome beyond a doubt, but he is planing on building it himself and planing on building it for $300,000. dollars less then the cost it should be to build he is only planing on putting $200,000. dollars into the materials to build and doing most of the work him self,
and sure i would help him free of change is he asked but can he really build a $500k house for $200K? i don't want to sound like a jerk but i think he will be up set if it cost more then what he could afford.
but also he has a list of all the materials that are needed and from what he said he has priced items and could maybe build for even under the $200K he is planing on spending
Its only a 3 bedroom 2 and 1 half bath house but large rooms and a lot of sq. footage
if its going to cost more should i tell him just to plan that it will cost more?
what is a HVAC? I was thinking it couldn't happen for that price, he used to help on replacing roofs but not new roof construction and he said he would only hire someone to do the electrical and Plumbing
if he really can build it for the $200,000 that would be awesome but i kept thinking its not possible
thank you for your reply maybe he could finish it for that price!?
Also i am thinking this project will take him years to complete?
he is using a wall system call ICF you pour concrete inside the wall system and its already instated, he said it will be done building within 18 months but if it takes longer i don't know if i can continue to help out on the project as much after that time period and i am afraid he will be stuck build by him self fir the next 3 years or so!
Answer
If replacing roofs is all the experience he's had, he's in WAY over his head.
He'll need a set af 'approved plans', to even start construction legally,
and they won't tell him all he needs to know.
Trying to function as his own GC without the required knowledge will guarantee
expensive mistakes.
Framing is a specialized skill, and working alone is another.
HVAC is heating, ventilating, and air-conditioning, and thats also a specialty.
So are plumbing and electrical. All require co-ordination, and some excavation,
which must also be co-ordinated.
There's a chance he might pick up enough of one skill, but all?
I'm a design 'pro' in one field, and have seen the other trades at work,
and I wouldn't try it.
If replacing roofs is all the experience he's had, he's in WAY over his head.
He'll need a set af 'approved plans', to even start construction legally,
and they won't tell him all he needs to know.
Trying to function as his own GC without the required knowledge will guarantee
expensive mistakes.
Framing is a specialized skill, and working alone is another.
HVAC is heating, ventilating, and air-conditioning, and thats also a specialty.
So are plumbing and electrical. All require co-ordination, and some excavation,
which must also be co-ordinated.
There's a chance he might pick up enough of one skill, but all?
I'm a design 'pro' in one field, and have seen the other trades at work,
and I wouldn't try it.
Taxes In The US?
Tom
Should the US tax system be abolished along with the IRS and should we replace it with a national sales tax?
Answer
What makes you think that a massive (25% - 30%) national sales tax, on top of state sales taxes which are nudging 10% in some counties, would be a good idea??
It's a TERRIBLE idea, especially if you're poor. The poor spend a far greater portion of their income on essential goods and services and would be devastated by such a heavy tax levy. Consider the following example. (These are two real people in the following example, personal friends of mine. The numbers are real and so are the 2 women and the 4 children.)
A single mother with 2 kids. Deadbeat dad pays no child support. She sees a $300 or $400 income tax capture once a year. She works for a bank making $8.00 an hour for a gross income of around $16,600 a year. There are no benefits. She got lucky a few years ago while working a well-paid factory job and was able to buy a modest home. Unfortunately the job is gone but she still has her home though just barely.
With her income and the two kids, she doesn't pay any income tax. She does get the EIC, a bit over $4,000. Her total cash flow after FICA withholdings is just under $20,000 a year. By the time that tax time comes around she's 30 days behind on her mortgage. It's winter and her choice last month was to pay the heating bill and food or the mortgage. Tough choice! She gets her tax refund with the EIC payment -- the advance payment isn't enough to keep her finances flowing smoothly. The mortgage is now caught up, she puts a set of tires on her car which thankfully is holding out for now and takes the kids to the dentist for their annual checkup and several fillings each. Hers will have to wait another year. They're surviving, but only barely.
Now, let's look a the new "fair" sales tax and see what that will do to her. The EIC is gone so she just took a $4,000 pay cut. Since this tax applies to eveything and since she spends every dollar she earns on essentials she's now paying over $3,800 in Federal taxes that she never had to pay before. Her cash flow has plummeted from just under a barely survivable $20,000 to just over $12,000. In June of the first year of the "new and fairer tax" she's evicted from her home since she no longer had enough money to pay the mortgage, food, utilities, clothing, etc. She and her two kids are now shoe-horned into a tiny one-bedroom apartment on the trashy side of town.
All in the name of fairness. Fairness for whom?? Steve Forbes, Bill Gates and Warren Buffett?
The argument on taxing the so-called "underground economy" fails to consider the unintended consequence of such a high tax rate. Remember, combined it will be upwards of 40% in some locations! The problem is that tax rates that high will lead to another underground economy: Black Marketing! Look at what happens with bootleg tobacco and booze in states with high taxes on those goods. The same undesirable elements as todays underground economy will be the purveyors of black market untaxed goods and we're right back where we started.
What makes you think that a massive (25% - 30%) national sales tax, on top of state sales taxes which are nudging 10% in some counties, would be a good idea??
It's a TERRIBLE idea, especially if you're poor. The poor spend a far greater portion of their income on essential goods and services and would be devastated by such a heavy tax levy. Consider the following example. (These are two real people in the following example, personal friends of mine. The numbers are real and so are the 2 women and the 4 children.)
A single mother with 2 kids. Deadbeat dad pays no child support. She sees a $300 or $400 income tax capture once a year. She works for a bank making $8.00 an hour for a gross income of around $16,600 a year. There are no benefits. She got lucky a few years ago while working a well-paid factory job and was able to buy a modest home. Unfortunately the job is gone but she still has her home though just barely.
With her income and the two kids, she doesn't pay any income tax. She does get the EIC, a bit over $4,000. Her total cash flow after FICA withholdings is just under $20,000 a year. By the time that tax time comes around she's 30 days behind on her mortgage. It's winter and her choice last month was to pay the heating bill and food or the mortgage. Tough choice! She gets her tax refund with the EIC payment -- the advance payment isn't enough to keep her finances flowing smoothly. The mortgage is now caught up, she puts a set of tires on her car which thankfully is holding out for now and takes the kids to the dentist for their annual checkup and several fillings each. Hers will have to wait another year. They're surviving, but only barely.
Now, let's look a the new "fair" sales tax and see what that will do to her. The EIC is gone so she just took a $4,000 pay cut. Since this tax applies to eveything and since she spends every dollar she earns on essentials she's now paying over $3,800 in Federal taxes that she never had to pay before. Her cash flow has plummeted from just under a barely survivable $20,000 to just over $12,000. In June of the first year of the "new and fairer tax" she's evicted from her home since she no longer had enough money to pay the mortgage, food, utilities, clothing, etc. She and her two kids are now shoe-horned into a tiny one-bedroom apartment on the trashy side of town.
All in the name of fairness. Fairness for whom?? Steve Forbes, Bill Gates and Warren Buffett?
The argument on taxing the so-called "underground economy" fails to consider the unintended consequence of such a high tax rate. Remember, combined it will be upwards of 40% in some locations! The problem is that tax rates that high will lead to another underground economy: Black Marketing! Look at what happens with bootleg tobacco and booze in states with high taxes on those goods. The same undesirable elements as todays underground economy will be the purveyors of black market untaxed goods and we're right back where we started.
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