Quote:
Originally Posted by MsMe
I have to agree with Mike saying new houses are absolute crap. Mike is trying to get the codes changed, but that isn't an easy thing to do. What a lousy system we have isn't it. And it was just in the newspaper the other day about houses are still being built without permits.
There is a brand new house on my street but not sure who the builder was. Anyhow, there is a cap on this area and the house is WAY over the cap. So here is a house worth $255,000 sitting empty. What a waste of money. It will be interesting to see if things go wrong while it's still empty. If that's the case, then it will never be sold. As they probably won't fix it as usual.
|
If houses were built to Mike Homes' standards, nobody would be able to afford one to begin with. Homebuilding is extremely labour intensive (a fixed cost). I remember seeing a single fam house he built to "ideal" standards and I think the costs worked out to about $450 per square foot. This would make an 1800sf home cost over $800,000. If houses aren't affordable, there are no buyers and no market.