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Could someone explain the pricing? $30 million for 300 "modular homes" that appear to be very similar to trailer homes seems a bit much. That's $100,000 a unit;
by quantumwannabe 9y ago
Could someone explain the pricing? $30 million for 300 "modular homes" that appear to be very similar to trailer homes seems a bit much. That's $100,000 a unit; you can build a much larger and fancier house for that kind of money. From the WSJ article mentioned in the article, it sounds like the deal is for the houses only, not any land.
- accountyaccount 9y ago$100,000 for the location is very very cheap — I think that's the key. You could easily build out for $100k in most of the country, but you're not centrally located. You literally can not own anything for $100k in the top 5-10 cities.
- DannyBee 9y ago"That's $100,000 a unit; you can build a much larger and fancier house for that kind of money." Not here, where the minimum tends to run around ~350 a sq ft, and higher quality homes can be ~600-800 per sq ft. (coming from the east coast, yes, this is bonkers, but ...)
- quantumwannabe 9y agoIt sounded like the $30 million was for construction costs only, not the price of land. The price of a house is mostly land, not the actual materials and labor that go into building the house. If the $30 million includes the land price, then it's a great bargain. If not, it feels like Google's being ripped off.