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Trusted Contributor
prunoid
Posts: 163
Registered: ‎01-16-2009
0

Construction (replacements) costs are way higher than

peak of the bubble. New construction is a lot more expensive than existing inventory. That will limit the amount of new homes coming into the market.

Silver Contributor
DrivingSideways
Posts: 546
Registered: ‎03-03-2009

Re: Construction (replacements) costs are way higher than

And that is relevant to almost completely built-out Los Angeles because.... ?

Trusted Contributor
prunoid
Posts: 163
Registered: ‎01-16-2009
0

Re: Construction (replacements) costs are way higher than

There is always more desert to build on or build up on already developed land. With higher gas prices, the ex-suburbs will depreciate in value.

Silver Contributor
DrivingSideways
Posts: 546
Registered: ‎03-03-2009

Re: Construction (replacements) costs are way higher than

Still not seeing how new homes, the exurbs or deserts are relevant to LA.  Your argument seems constructed of various catchphrases strung together with very little content to connect them into a coherent thought.  Perhaps you meant to post in the Inland Empire forum?

Regular Contributor
jordanmust
Posts: 97
Registered: ‎08-18-2012

Re: Construction (replacements) costs are way higher than

Driving, this is twice today that I agree with you :-)

 

Super Contributor
StudioCityGuy
Posts: 225
Registered: ‎10-10-2009
0

Re: Construction (replacements) costs are way higher than

 

Deja vu????

 

We had that nonsense with the construction cost previously:

 

http://forums.redfin.com/t5/Los-Angeles/When-things-were-going-downhill/td-p/346566