I’ve noticed that in every city we’ve been to—Cusco, Lima, Paracas—there are many buildings that have been partially constructed. Often, the bottom floor is complete (but perhaps vacant) and the top floor(s) still have exposed rebar and are roofless. This trend appears to be for both residential and commercial structures.
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I lived in that area for a couple years and it’s as u/hotfudgefries describes. People pay for the bare minimum to start living in the property (it’s common enough to see them doing their own construction too). Years later they may finish an upper floor for more space.
It’s also an artifact of the building materials and techniques they use for those homes. Lots of block/brick, lots of cement with huge amounts of aggregate fill, and lots of rebar.
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