Summers: Inflation Reached 18% in 2022 Using the Government's Previous Formula

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by freeone3000 on Sunday April 14, 2024 @06:50AM (#40030217)

Have you seen the price of land recently? It’s more than half the price of construction! Mud hut, pole barn, unserviced cabin, what-have-you, the land is going to be a major and significant expense.

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Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by vineyardmike on Sunday April 14, 2024 @08:19PM (#40035767)

That’s only in high-demand areas. You can get dirt cheap land in most of the US - but obviously demand to live there is low. You wanna live in the bay are, and your cost is largely land. But you can’t build a modern home without significant cost, even if the land was free.

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