It cost nearly the same to make a luxury unit as a stripped down one. Most of the cost is labor. Spend 5 k in fancier materials and get 50k for the unit.
I follow some home inspectors who post videos from their new home inspections, and holy crap the things they find are ridiculous. Like, construction companies should lose their licenses bad.
I visit some partially built homes from time to time, and recently saw one just after it had been inspected. On one wall, on the insulation, the inspector had scrawled STUD? In red felt.
The stud was completely missing from the wall. It was just an empty frame filled with insulation. You’d think someone would have noticed earlier during construction, but obviously the actual contractor had just let the day labor go to town and never bothered to review their work before inspection.
lol, that is 100% every australian apartment built in the last 15 years. the window frames are plastic and the cladding is combustible… but it’s got Italian tiles and “European appliances” so it’s an “executive suite”. that will be $1.5million fuck you very much.
Similar to literally every market that involves ‘things’, as we transition from failing liberal capitalism to horrifying technofascist neofeudalism (aka cyberpunk dystopia).
The next step is… well they won’t lower the luxury prices, everything becomes renting, loaning, etc, even further and harder… untill you end up with bundled subscription plans / leases on a diverse array of physical things, as we currently have with bundles of online services.
We literally going to transition to a subscription based model for just being alive.
… unless enough people actually do something effrctive about it.
Other wise, the K shaped economy becomes a === shaped economy. You’re either on top, or you’re not, and you’re basically treated as a kind of cattle; raised, milked, then expended whenever it is most profitable to do so.
People wanted those mcmansions and rebuilds jack up prices. Now those massive suburban mcmansions are getting old in the tooth and no one wants to buy them. They are realizing they need to build smaller homes finally. We’ll probably see more townhomes with shared structures (walls/roofs).
I recently read an article about “affordable” apartments being constructed an hour or so away. 900 SF, one br and bath, $2200, in a right to work, $7.25/hr minimum wage state.
minimum wage isn’t low income. most people in low income housing make well above mimimum wage.
stop conflating these two things. also, just because you think it’s too expensive doesn’t mean it isn’t. other people have different price thresholds than you. i know people making half what i make paying way more rent than I am, because that’s what they’ve chose to do because they believe they ‘need’ to live very expensive places. plenty of people are willing to vastly overpay for ‘new’ housing, as it’s an amenity. just like in my city you pay an extra $1000 to live near a subway stop and if you go 1km away, the rent is way cheaper. or that if you want pets the rent goes up $500+
I live in a state where people do make minimum wage, or $8 send I told you what the situation is in my state. But go on and act like you know better than the one living here.
At least housing is actually being built, but I know what you mean. Theres no real affordable housing near me and the wait list for what little is available has been closed due to budget cuts.
- Make car dependant infrastructure for every single city or town
- Refuse to innovate, build only “luxury” models
- ???
- Profit
Similarly with housing. Why make cheap starter homes when you can make so much more with “Luxury” homes and condos.
It cost nearly the same to make a luxury unit as a stripped down one. Most of the cost is labor. Spend 5 k in fancier materials and get 50k for the unit.
And yet use the same cheap materials in the “luxury” ones that you would have used in the cheap ones anyway!
I follow some home inspectors who post videos from their new home inspections, and holy crap the things they find are ridiculous. Like, construction companies should lose their licenses bad.
I visit some partially built homes from time to time, and recently saw one just after it had been inspected. On one wall, on the insulation, the inspector had scrawled STUD? In red felt.
The stud was completely missing from the wall. It was just an empty frame filled with insulation. You’d think someone would have noticed earlier during construction, but obviously the actual contractor had just let the day labor go to town and never bothered to review their work before inspection.
A lot of times, it’s the contractor cutting corners and hoping no one notices.
lol, that is 100% every australian apartment built in the last 15 years. the window frames are plastic and the cladding is combustible… but it’s got Italian tiles and “European appliances” so it’s an “executive suite”. that will be $1.5million fuck you very much.
Similar to literally every market that involves ‘things’, as we transition from failing liberal capitalism to horrifying technofascist neofeudalism (aka cyberpunk dystopia).
The next step is… well they won’t lower the luxury prices, everything becomes renting, loaning, etc, even further and harder… untill you end up with bundled subscription plans / leases on a diverse array of physical things, as we currently have with bundles of online services.
We literally going to transition to a subscription based model for just being alive.
… unless enough people actually do something effrctive about it.
Other wise, the K shaped economy becomes a === shaped economy. You’re either on top, or you’re not, and you’re basically treated as a kind of cattle; raised, milked, then expended whenever it is most profitable to do so.
There’s a difference between “cheap” and “inexpensive.” Mcmansions are cheap.
People wanted those mcmansions and rebuilds jack up prices. Now those massive suburban mcmansions are getting old in the tooth and no one wants to buy them. They are realizing they need to build smaller homes finally. We’ll probably see more townhomes with shared structures (walls/roofs).
Before they were building mcmansions and charging a fortune for them. Now they’re building sardine cans and charging a fortune for them. Much better.
Don’t forget the government cutting funding for affordable housing projects.
Amateur hour, my government funds ‘affordable’ housing projects that cost 300 grand and immediately turn into overpriced rentals.
I recently read an article about “affordable” apartments being constructed an hour or so away. 900 SF, one br and bath, $2200, in a right to work, $7.25/hr minimum wage state.
that sounds cheap to me. where i live a new 1bd/1bath will be closer to 3000-3500
crappy leaky roach filled basement apartments go for 2200
What’s minimum wage? These are “low income.”
20 bucks an hour
minimum wage isn’t low income. most people in low income housing make well above mimimum wage.
stop conflating these two things. also, just because you think it’s too expensive doesn’t mean it isn’t. other people have different price thresholds than you. i know people making half what i make paying way more rent than I am, because that’s what they’ve chose to do because they believe they ‘need’ to live very expensive places. plenty of people are willing to vastly overpay for ‘new’ housing, as it’s an amenity. just like in my city you pay an extra $1000 to live near a subway stop and if you go 1km away, the rent is way cheaper. or that if you want pets the rent goes up $500+
I live in a state where people do make minimum wage, or $8 send I told you what the situation is in my state. But go on and act like you know better than the one living here.
At least housing is actually being built, but I know what you mean. Theres no real affordable housing near me and the wait list for what little is available has been closed due to budget cuts.
Sorry I didn’t get that, did you say you wanted an even larger pickup truck?
Can you jack up the front so I can’t see and put a bar on it so I can kill anyone I hit? Thanks.
We’re way ahead of you! Our engineers have worked tirelessly to come up with an extra flat front that maximises impact with unsuspecting pedestrians
Can I get it angled to ensure they’re swept under? I don’t want to risk them hitting my 1’ of windshield
Thanks to the invention of debt, we can continue taking from the poor what they don’t even have!
They do have it. It’s the value they generate while working. That’s what we’ve always taken, regardless of the exact financial tool used.
Even they aren’t selling them as much in the US any more. You don’t really see many new Accords or Camrys any more, you see CR-Vs and Rav4s.