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A comment on Anxiety Strikes $8T Mortgage-Debt Market After SVB Collapse. Parent comment

Re:Anxiety Strikes $8T Mortgage-Debt Market After SVB Collapse by jaywalk on Tuesday March 21, 2023 @10:41AM (#35246877)
Land and labor are not free.
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Re:Anxiety Strikes $8T Mortgage-Debt Market After SVB Collapse by resuresu on Tuesday March 21, 2023 @11:24AM (#35247550)
Land is actually valuable because its scarce. And as for building costs I highly doubt it cost 100k for the labor.
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Re:Anxiety Strikes $8T Mortgage-Debt Market After SVB Collapse by jmoak3 on Tuesday March 21, 2023 @12:19PM (#35248368)
These days even pouring a driveway can cost in the tens of thousands of dollars.

Constructing a house is rather expensive, here’s just a random link from google:

https://www.ramseysolutions.com/real-estate/how-much-does-it...

Another random link claims 30-50% of the cost is labor:

https://www.bankrate.com/real-estate/cost-to-build-house/

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