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They spent $27M to build 209 houses. That’s $245k/house and odd that their construction costs are so high. This seems like a charity with a good idea but poor

They spent $27M to build 209 houses. That’s $245k/house and odd that their construction costs are so high. This seems like a charity with a good idea but poor cost efficiency.

YouWhy 4y ago
On the face of it, $27M/209 is approximately $130k and not $245k. Am I missing something?
- tomerv 4y ago
  GP had a typo, it's 109 houses.
  - prepend 4y ago
    Yes, that’s correct. The article says they built 109 homes, I just mistyped 209.
- kazinator 4y ago
  I can't find any blurb anywhere informing how much the land was acquired for, and is that in the $27M or not.
s1artibartfast 4y ago
Keep in mind cities like sf and SD pay a million plus for an apartment not a house. https://www.google.com/amp/s/ktla.com/news/california/its-insane-san-diego-county-affordable-housing-project-set-to-cost-1-1-million-per-apartment/amp/ https://www.google.com/amp/s/ktla.com/news/california/its-in...