Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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SeattleRain

But Regan said... (lemmy.world)

submitted 5 months ago by SeattleRain to c/housing_bubble_2

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[–] [email protected] 2 points 5 months ago (1 children)

A contractor friend of mine was saying that if he was going to build a house for himself, the building alone would cost at least $600,000 Canadian. A plot of land is typically more than $200,000.

[–] SeattleRain -1 points 5 months ago

In the US at least we know how many hours it takes to build a home and it's around 300. The average 375k asking price is in no way justified by labor and especially materials which have been crashing.

Mass produced track homes are simple and cheap to build. It is 100% tax breaks, speculation and collusion as to why homes are so expensive.