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How can houses cost $50,000 in those two Texas counties? Don't builders cost far more than that? If the cost of rebuilding is far more than the purchase price,
by averagewall 9y ago
How can houses cost $50,000 in those two Texas counties? Don't builders cost far more than that? If the cost of rebuilding is far more than the purchase price, then insurance and maintenance will be expensive - how will you afford a $10,000 new roof if you could only just afford the $50,000 house? Maybe America really has wide salary gaps for the same jobs in different places?
- chris_st 9y agoIt's entirely possible that no new housing has been built in those areas for decades... and yeah, labor's cheap, but if there's no work in the area, that $10,000 roof is going to cost a lot less. Possibly relevant experience: my daughter attended college in a very small town in rural Tennessee. We were there to drop her off, and overheard a painter talking to the owner of the hotel about doing painting some of the hotel. The painter told the owner the price, and then offered a discount before the owner could reply.