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Reply to "Why do people on dcum hate on new builds?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Because they can’t afford them. [/quote] +1 Done. And done.[/quote] This doesn't make sense to me because aren't they mostly cheaper? Like within a certain location maybe an infill new house would be more expensive, but most new construction is farther out on cheaper land, and most new construction is surrounded by other new construction. I suspect the actual bricks and mortar of housing goes through a price curve where it's most expensive when it's new to 10 years and then it drops for 10 - maybe 40 and then it is likely to be torn down or renovated. But I'm sure it's impossible to separate that effect from general appreciation and swings in neighborhood desirability.[/quote]
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