Ah yes, the time when a brand new Silicon Valley home cost $9,400 while the regional median income was $6,600. https://twitter.com/amandakhurley/status/773595053369462784 …
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Replying to @kimmaicutler
$93,800 in 2016 dollars. Be real interesting to see a breakdown of the land, labor and regulatory costs of its construction.
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Replying to @cjg2127 @kimmaicutler
My instinct would be that labor + materials would be the lion's share, but I'd be real curious to see exactly.
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Replying to @bufordsharkley @kimmaicutler
Right. But even assuming negligible land+reg costs, $94,000 is awfully cheap.
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Replying to @cjg2127 @kimmaicutler
Having grown up in Cincinnati, $100k being a decent house seems pretty natural to me.
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Replying to @bufordsharkley @kimmaicutler
existing, Post-urban decline homes, sure-- but new construction?
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Replying to @cjg2127 @kimmaicutler
People don't construct new, modest households. McMansions are the norm.
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Maybe it's just romanticizing it, but it seemed that early 20th century, great craft came from cheap labor.
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Replying to @bufordsharkley @kimmaicutler
Right. Then, labor-intensive Victorians, Arts-and-Crafts homes were possible to build...
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Now, even minimalist, largely pre-fab construction seems crazy expensive
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pre-Fab is mostly not allowed. Difficult to get past power of building trades.
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well Nautilus in Oakland builds modular multi unit
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Replying to @eean @kimmaicutler and
but yea construction hasn't seen as much productivity increase as economy in general
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