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It's the average price of new construction over time. Generally one would not expect new construction to come in dramatically under market right?
by arcticbull 5y ago
It's the average price of new construction over time. Generally one would not expect new construction to come in dramatically under market right?
- banannaise 5y agoYou're conflating the market for suburban family homes with the market for real estate. What about apartments, commercial real estate, etc.? Rent has absolutely exploded, which might not be priced into suburban family homes that aren't built to be rented and don't directly compete with more urban apartments.
- bosie 5y agounder market, no. but due to locality there are a lot of different real estate markets. dragging prices of wyoming into the dataset when you are interested in nyc or sf makes just no sense. then you have the problem of the different types of new constructions too. i don't see how averaging helps here. at least where i am looking (european country), cities have roughly seen a 100% price increase since 2010. income hasn't kept up with inflation or the housing prices.