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It is like the car companies preference over pumping out $70,000 SUVs vs cheap economy cars.
Mo money, mo profits.
You got it "Cars" are hardly being manufactured anymore. Mostly all SUV's. Sadly, the demand part is partly to blame too. I can't believe the number of people I know who are lower middle class and want all these expensive features on their vehicles. Then they wonder why they are broke with car payments? I wish more practical folks like myself who want to just get from point A to point B were considered.
And as I understand it, price per sq/ft of building is the same no matter what size residence is being constructed.
As previously mentioned, the profit margins grow at the upper market. So long as there are buyers for the mega monstrosities, that's what will be built.
It amazes me driving in my area of E. Phoenix/S. Scottsdale that every single new apartment/condo development(there are many!) is all luxury market dwellings.
big difference between single and two story homes. Two story per square footage are cheaper to build........
Of course there are different dynamics in different markets. I’m addressing the rationale in the post I was replying to. Real estate markets are very localized.
There’s something like 25,000,000 people who have illegally invaded this country and are occupying residences that were constructed to house American citizens.
The housing market doesn't differentiate between legal and illegal citizens. If 25,000,000 illegals are destroying the housing market so would 25,000,000 legal citizens.
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Originally Posted by mirage98de
There’s something like 25,000,000 people who have illegally invaded this country and are occupying residences that were constructed to house American citizens.
And they're providing extremely cheap services like landscaping and house cleaning and roofing and painting that otherwise Americans would do for themselves (except the roofing) as they have throughout history.
Of course there are different dynamics in different markets. I’m addressing the rationale in the post I was replying to. Real estate markets are very localized.
of course they are. The area I posted is one of the fastest growing areas in the country. I simply was showing that new construction is not all huge mansions. Those homes are 1000sqft to 1750sqft for under $200,000.
of course they are. The area I posted is one of the fastest growing areas in the country. I simply was showing that new construction is not all huge mansions. Those homes are 1000sqft to 1750sqft for under $200,000.
Hmmm. I don’t see Fayetteville on any of the top 10 fastest growing metro area lists.
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"Cars" are hardly being manufactured anymore. Mostly all SUV's. Sadly, the demand part is partly to blame too. I can't believe the number of people I know who are lower middle class and want all these expensive features on their vehicles. Then they wonder why they are broke with car payments? 
I wish more practical folks like myself who want to just get from point A to point B were considered.
