4 ms·
With houses getting larger every year, it's crazy to assume anything less than a couple years is possible. An average house is 2.6K square feet and is going to
by hajile 9y ago
With houses getting larger every year, it's crazy to assume anything less than a couple years is possible. An average house is 2.6K square feet and is going to take at least a man-year of time to complete. Materials are about 80% of total labor costs.
Those places with super-low housing costs require some combination of:
1. below average wages for construction workers
2. low standard for building materials
3. surplus of materials to drive down costs
- jowiar 9y agoOr a preexisting supply of houses. It may not mean low costs that will last forever, but it will hold prices down in the short run.
- madengr 9y agoHasn't the average home size always been 2400 ft^2
- hajile 9y agoIn the 70s, it was around 1600 http://www.aei.org/publication/todays-new-homes-are-1000-square-feet-larger-than-in-1973-and-the-living-space-per-person-has-doubled-over-last-40-years/ http://www.aei.org/publication/todays-new-homes-are-1000-squ...