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In many markets, especially the most expensive ones, the cost of housing / real estate has nothing to do with the cost of construction. A garden or a parking s
by spacebanana7 3y ago
In many markets, especially the most expensive ones, the cost of housing / real estate has nothing to do with the cost of construction.
A garden or a parking space in London, NYC or Sydney can be hundreds of thousands of dollars.
- poulsbohemian 3y agoOf course - and that’s part of what I was trying to convey to the previous posted about why housing is different than cars and shoes.
- rangestransform 3y agoConstruction costs are a significant portion of the cost of (new) housing in nyc because of the labour cartel situation