5 ms·
Yes, and figuring out how to get orders of magnitude more housing production at dramatically lower prices is one of the most socially and morally important prob
by closeparen 4y ago
Yes, and figuring out how to get orders of magnitude more housing production at dramatically lower prices is one of the most socially and morally important problems in the world today.
- throwaway049 4y agoIs construction labor really a big factor in the final selling or rental price of a home?
- remus 4y agoApparently labour is ~35% of the cost of a house [1] though I imagine this varies a lot depending on the house being built, type of construction, location etc. Still, seems safe to assume labour is a large part of the cost. [1] https://www.homebuilding.co.uk/advice/how-much-does-it-cost-to-build-a-house https://www.homebuilding.co.uk/advice/how-much-does-it-cost-...
- pcthrowaway 4y agoYeah, I would think in a city with a runaway housing market (like Vancouver), it's more like 5%
- rdtwo 4y agoIdk labor rates have also run away
- coldtea 4y ago>Still, seems safe to assume labour is a large part of the cost. Does it? I've read time and again that land is the largest part of the cost - in any place where cost is significant.
- remus 4y agoJust to clarify, Im saying labor is a large part of the cost, not necessarily the largest. I agree land is probably a bigger cost in a lot of areas.
- barry-cotter 4y agoNot really. Most of the cost of housing is land anywhere it’s expensive. We have the technology to stack dwellings vertically. Where that’s illegal and there’s lots of demand housing is expensive. Otherwise not.
- deleted 4y ago[deleted]