4 ms·
I don't think that's right. Houses in desirable cities are expensive because the land is expensive [1]. And to a lesser extent the permitting and planning pro
by mdorazio 5y ago
I don't think that's right. Houses in desirable cities are expensive because the land is expensive [1]. And to a lesser extent the permitting and planning processes are onerous. The construction itself for a normal "stick frame on slab" house is actually remarkably cheap. Also, we already have cheaper construction methods: mobile homes and prefab modular homes. A lot of people don't want them because they "feel cheap".
[1] https://www.buildzoom.com/blog/paying-for-dirt-where-have-home-values-detached-from-construction-costs https://www.buildzoom.com/blog/paying-for-dirt-where-have-ho...
- hsn915 5y agoIf the problem is land area, then apartments in multi-story buildings should be significantly chaper than single homes. But they are not.