My house (2500 sq ft) has an insurance cost of $300K to rebuild from scratch. You’re saying they’re spending $8M building houses better in China? In most of th

My house (2500 sq ft) has an insurance cost of $300K to rebuild from scratch. You’re saying they’re spending $8M building houses better in China? In most of these places with insane house price to income ratio, it’s the land, not building costs that contribute most of the price.