High Construction Costs
Comments debate the reasons for escalating construction costs, including bureaucracy, permits, labor, land, regulations, and comparisons to historical or international expenses.
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Doesn't it matter for construction costs though?
Construction isn't cheap, but making it more expensive or impossible certainly doesn't help things.
The point being made is that the cost of building things has increased a lot.
Permits cost more than construction.
Building "code" and bureaucracy around it seems to be some kind of weird cult. I bet in this day and age it is actually quite cheap to build, if you look at what costs in term of materials and actual wages of construction workers. Everything else around it is inflated to hell on other hand.
I'm guessing due to lower labor costs and permitting costs.
Why is construction so much more expensive than 70 years ago?
It's not just manual labor. You need an architect, structural engineer. Getting all permits, environmental analysis. A lot of expensive "knowledge workers" involved. Then there are materials, rental of construction equipment, insurance. Developers who build large number of row houses at the same time can get costs down through economies of scale.
It's not just the land, it's also the cost of construction. Taller buildings cost more than shorter ones.
Pricey. How are these competitive with traditional construction?