3 ms·
Housing is only capital expensive mostly because of land value, which comes from scarcity. Again, more folks will only raise the cost, since land is in extremel
by unglaublich 5y ago
Housing is only capital expensive mostly because of land value, which comes from scarcity. Again, more folks will only raise the cost, since land is in extremely low supply due to NIMBY, regulation, and people sitting on their land as an investment.
The actual construction costs are fairly low compared to land prices (e.g., 1 part construction to 2 parts land cost, or worse [1]).
[1]: https://www.urbanismnext.org/news/land-costs-vs-construction-costs-a-clue-to-overall-project-impacts https://www.urbanismnext.org/news/land-costs-vs-construction...