alt Hacker News“housing is not tied to labor costs in a significant way”.
~30% of new construction is labor. ~50% of repair is labor.
Have you ever dealt with home repair or building or are you just regurgitating whatever the LLM told you.
“housing is not tied to labor costs in a significant way”.
~30% of new construction is labor. ~50% of repair is labor.
Have you ever dealt with home repair or building or are you just regurgitating whatever the LLM told you.
> ~30% of new construction is labor.
And what percentage of a house's price is the building?
> ~50% of repair is labor.
And how much does the average home owner spend on repairs a month?
I've been in my current house for almost 3 years. I've had one significant repair that would have cost around 3k. I did it myself but that was the quote. Not too bad.
In places where people are concerned about a housing shortage, the majority of the cost is land.