I was like, holy shit that 55/sqft must be some 10 times as much as my rent (I’m not sure how much a foot is; I think I’m paying about 20-25€/m^2 per month). And then I realized those are BUYING prices. Holy shit.
To be clear, this isn’t exactly an apples to apples comparison; even if the US did free trade school with subsidies for living costs and everything, you’re not going to get skilled metal workers and carpenters working for $35/day. While labor costs are only ~25% of the cost of construction, the same applies to how low you can get material costs, even when you’ve got central planning for concrete and steel industries.
I was like, holy shit that 55/sqft must be some 10 times as much as my rent (I’m not sure how much a foot is; I think I’m paying about 20-25€/m^2 per month). And then I realized those are BUYING prices. Holy shit.
827USD/m2
To be clear, this isn’t exactly an apples to apples comparison; even if the US did free trade school with subsidies for living costs and everything, you’re not going to get skilled metal workers and carpenters working for $35/day. While labor costs are only ~25% of the cost of construction, the same applies to how low you can get material costs, even when you’ve got central planning for concrete and steel industries.
I meant holy shit, as in, holy shit that is such an affordable buying price that I confused it for a steep rental price at first.