Re: POTUS 45.3 - Bowling Green Massacre Memorial Thread
There's a lot more mortgage money that can be made in those homes, too. So it's not as if the bank has no reason to overbuild, too.
They make more money with a 4000ft^2 build than a 1000ft^2 remodel. Even though many consumers are gun shy about it. And more are actually doing the math to figure out that renting is a better option.
I think the problem is over time developers have realized they can make a lot more money building gold plated 4000 sq ft houses instead of basic 1800 sq ft houses, which is absolutely their right. How we fix that I have no idea but it will take a long time in an area like Boston, NY, or SF.
There's a lot more mortgage money that can be made in those homes, too. So it's not as if the bank has no reason to overbuild, too.
They make more money with a 4000ft^2 build than a 1000ft^2 remodel. Even though many consumers are gun shy about it. And more are actually doing the math to figure out that renting is a better option.