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Construction pricing is definitely out of control. Part of the problem is that the entire industry is funded with low interest purchase and equity loans and no
by purplezooey 9y ago
Construction pricing is definitely out of control. Part of the problem is that the entire industry is funded with low interest purchase and equity loans and not cash. Another problem seems to be that a lot of construction entities went offline in during the crisis and never came back. Any construction quote easily runs into the $100,000s for even a tiny addition to a house. It's way out of control.
If there would exist a construction company that would have upfront pricing, not insanely expensive, and can get most jobs done within several weeks, they would get a huge amount of business. Instead it's always months out, pricing 5x what it should be, and often just impossible to find anybody.
- ikiris 9y agoYou don't seem to understand what you're talking about. The reason for those months out is because everyone is overbooked, and the pricing reflects demand vs supply.
- purplezooey 9y agoExactly. It is a market out of whack.