4 ms·
Of that $750/sq.ft. ($8100/sq.m.) maybe 25% is construction cost. The rest 75% is the value of the land in that location.
by sampo 7y ago
Of that $750/sq.ft. ($8100/sq.m.) maybe 25% is construction cost. The rest 75% is the value of the land in that location.
- WillPostForFood 7y agoGovernment already owns plenty of land, even in most large cities. If you can get a bunch 30+ story housing cheaply and quickly, you can make a dent in the housing problem. Look at what China is doing.
- com2kid 7y agoNot in Seattle. The city is having huge issues finding places to build low income housing. Whenever they do identify a location, a bunch of lawsuits show up from nearby residents. Sometimes those lawsuits go somewhere, and the city has to start planning all over again.