4 ms·
Aren't they all reflected in the market price of housing? It's just that a lot of existing housing is out of date (so prices below new construction) and people
by maxerickson 2y ago
Aren't they all reflected in the market price of housing?
It's just that a lot of existing housing is out of date (so prices below new construction) and people work to profit by reducing them below what an individual can achieve working on their own.
In my small town, houses that are "move in ready" command a premium, because higher end buyers are less willing to put up with the typical condition of the aging housing stock.