Quote:
Originally Posted by iggy_oi
Improvements add to the cost, but it is all relative to the time period, as the new more expensive products are brought in, the products or technologies they are replacing are phased out. Also builders bring in a lot of improvements to materials to reduce costs. Parts are imported from automated factories locally or from overseas, these factors reduce costs as well. Things like appliances can be bought for much cheaper these days. A high efficiency furnace while more expensive today than a regular efficiency model is probably still a similar percentage of the overall cost of building a home today as a crappy furnace from the 1950's was for a new home build back then.
|
So, you agree that home prices haven't outpaced minimum wage? Do you even recall why you brought the topic up?