UniversalMomentum t1_j5yzelt wrote
Reply to comment by blatchcorn in homeownership rate will be over 80% in the future because everyone will be able to own at least a small condo in low cost of living places due to remote work and indoor living. by Pitiful-Internal-196
Housing costs are mostly the literally costs of material and labor, there is plenty of room for reduction. House costs are not mostly driven by politics and finance, they are big custom build that takes multiple stages and requires multiple skilled workers on their trade to coordinate their material and labor over several months.. that's the main cost. Even the land is still rather cheap compared to the house in most cases.
How we build houses should be re-invented from the materials to the labor and that's where you would get the most cost savings, by far.
blatchcorn t1_j5zexnn wrote
That's an interesting angle, but the premise of the OP is different. The OP is saying remote work will lead to greater home ownership, where as you are saying materials innovation will reduce housing costs and increase ownership.
Viewing a single comment thread. View all comments