A developers plan to slash prices=He simply added over 200 grand onto the cost of building the thing when they got done building.
There are developers here that added over 100% on the top of their new home construction and are now sitting on well over 1500 homes. I hope they go belly up.
Look here..it cost around 95 to 100 dollars a sq foot to put up a house. So do the math.
Nice conservative sentiment. Do you support government price controls, too, because you sure don't seem to believe in market economies.
I've always wondered that. Here in Ohio, a new house of 2500 square feet on a decent lot might sell for $275,000. It costs the builder about $240,000 to build. I've always wondered if that same house in CA or Northern VA still costs the same to build, but sells for $700,000 giving the builder that much more profit, or if the labor/material costs are higher too.