I think if you broke it down per capita, or per available acre, or whatever, they would be objectively one of the worst in this regard.
Housing market
- Thread starter simply1
- Start date
I laugh because my mortgage company is STILL sending me re-fi ads in the mail.
"Why yes, I'd love to refinance my home for a higher interest rate and payment!"
Absolutely a large part of it. Nimbyism in general. When we don't allow enough units of any kind, and many of those need to be denser multifamily, it drives up the cost of rent which also keeps the price of homes high
Ours too and it's not a mom and pop lender.
The marketing team must have extra budget to burn.
I hate shopping at Menards for that reason. It is Kohl’s for men. 11% off cheaply made stuff priced like name brand items. Not that cheap is always bad and the wife is good about those ridiculous rebates.
Yeah, but you could get some cash out and invest in power tools!
I'd love to see what percentage of those rebates actually get returned. I'm sure anyone with $10+ in rebates turn them in promptly. But I bet there are thousands of $2 rebates that never get sent in.
I don't necessarily buy that Menards intentionally loses the rebates in the mail, but I absolutely believe they count on lots of people not turning them in.
Menards and Harbor Freight can be good for certain things but definitely depends on what it is and what you are intending to do with it.
I liked the advice I read somewhere to go buy the cheap tool (if you can actually get it cheap) at a place like menards or harbor freight, and then if it breaks you must use it enough to justify shelling out for a higher quality item that'll last.
You definitely have to pick your spots. I won't buy much from Harbor Freight that has moving parts, but anything that's just dumb metal (clamps, moving carts, etc) are generally a good deal.
I can remember 1979 - 1980 when banks were asking 16%+ for home loans. Not a good thing...unless you are the banker.
Definitely. Counting on people forgetting to mail them in, or "can't be bothered" for the small receipts, has to be part of their math.
It's why I preprinted a stack of the info blanks and have an a few envelopes printed ready for use. Makes it really quick to send in the receipts as I get them.
When I worked at Menards a in 2008/2009, I was told only about 30% of rebates are actually turned in or redeemed. If I recall correctly. But its a low number that actually get turned in.
Same here. Their auto-fill form online makes life really easy. I do my best to bundle them into one envelope, but generally, anytime a rebate is worth more than the cost of a stamp, it's going in the mail.
Same as gift cards. Just a huge margin driver. You make your normal % profit on whatever gets redeemed, plus 100% on whatever doesn't get redeemed. And yes, they absolutely know what the percentage of gift cards that will be redeemed in advance too.
Rates really hammering starts
www.realtor.com
U.S. Housing Starts Plunge in May to a Two-Year Low
The annual rate of total housing starts fell to 1.55 million last month from a revised 1.81 million in April.
www.realtor.com
I feel like we will always be in a carousel of home building that never allows us to have enough homes. Market and Economy is good= High demand, builders build homes but not enough to satisfy demand. Economy bad= low demand but builders stop building even though there still aren't enough homes and in a few years the demand will be high again. The state/federal governments need to create something to incentivize builders to build even in slower economic times or we will never be out of this.Rates really hammering starts
U.S. Housing Starts Plunge in May to a Two-Year Low
The annual rate of total housing starts fell to 1.55 million last month from a revised 1.81 million in April.
Rates really hammering starts
U.S. Housing Starts Plunge in May to a Two-Year Low
The annual rate of total housing starts fell to 1.55 million last month from a revised 1.81 million in April.
So it begins.
We can't ever build enough single family homes. We HAVE to build up if we want to make any progress.
I think another big reason that companies love gift cards is because people have a 25 dollar gift card but come in and buy a 40 dollar item.