Where did all the housing go?
In: 7
Small starter homes are no longer being built. Builders don’t make any profit if they buy a $50k plot of land, build a small 1,200 sq ft home at a cost of $75,000 and sell it for $125k. Profits are better to spend $150k on the build and sell a 3,000 sq ft home for $400k. So, the new starter home is… apartments and Condos only. Density for profit. You want privacy and space, HA! It’s gonna cost big from now on. ( it sucks )
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