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> Now imagine what happens when blue collars get saturated again. The downward pressure on their compensation will see the cost to build new homes come down an
by randomdata 4y ago
> Now imagine what happens when blue collars get saturated again.
The downward pressure on their compensation will see the cost to build new homes come down and thus the market will trend towards affordable again? After all, like all things, the cost of a used home is a function of the cost of a new home.
- perfecthjrjth 4y agoWell, in HCOL areas, the land costs more than the labor charges.
- randomdata 4y agoIn total, but you're building denser so the per-resident cost ends in a similar ballpark.