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Materials, labor and everything cost more today. 2008 wiped out a good portion of home builders / construction workers. Also basically nothing got built for 5
by sjg007 8y ago
Materials, labor and everything cost more today. 2008 wiped out a good portion of home builders / construction workers. Also basically nothing got built for 5 years until house prices recovered. Also factor in a high COL area and you can't really buy for cheap either the the land or the build.
- rb808 8y ago> 2008 wiped out a good portion of home builders / construction workers. In the US/Ireland/Spain maybe, in most countries house prices didn't fall - they rose with the low interest rates.