"We have seen corporate landlords—who own a larger share of the rental market than ever before—use inflation as an excuse to hike rents and reap excess profits beyond what should be considered fair and reasonable."
Materials and labor are relatively static compared to home costs. A 10% rise in housing costs was like another 15-20 grand in most cases, before housing costs exploded, factoring in inflation.
Compare that to the doubling (or more - my home is over 250% of what I paid) of home prices (tied to lot value) and the difference is stark.
Even assuming a dramatic increase in parts/labor of like 50% of those costs and you’re barely hitting on the final value, all things considered.
Space is the problem and building vertically (even just 2-4 stories) is the answer.
Materials and labor are relatively static compared to home costs. A 10% rise in housing costs was like another 15-20 grand in most cases, before housing costs exploded, factoring in inflation.
Compare that to the doubling (or more - my home is over 250% of what I paid) of home prices (tied to lot value) and the difference is stark.
Even assuming a dramatic increase in parts/labor of like 50% of those costs and you’re barely hitting on the final value, all things considered.
Space is the problem and building vertically (even just 2-4 stories) is the answer.