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Posted on 11/29/23 at 11:24 am to jcaz
quote:
$160k? Total bullshite. Builder likely paid $30k for that.
I’m so glad I got my $200k 3br/2ba at 2.5% in 2020. Will never move again
I would bet that debt service, land acquisition, infrastructure development, construction, marketing and closing does not cost them more than $150 per square foot. If it is costing them more than that they have no idea what they are doing. That would make the cost somewhere around $92K. That is a HEAPING pile per square foot price for cookie cutter row house construction. Probably closer to $110 - $125 a foot.
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