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Re:Under-building of new homes, high construction cost perpe... by WalterBright on Sunday October 29, 2017 @03:29PM (#15580913)
This is one reason why the per-square-foot cost metric is lousy. Making a house bigger with the same quality level reduces the square-foot cost substantially. This is because the cost of walls goes up linearly while the square footage goes up as the square (!), and most of the cost is in the walls.
Re:Under-building of new homes, high construction cost perpe... by tehlike on Sunday October 29, 2017 @03:32PM (#15580929)
Construction price, yes, but i think it kind of scales semi-linearly with the sale price. When average sqft price is 1000$, a 2500sqft house goes for 2.5M even though construction was much much smaller.