Oddbean new post about login | logout Building is much more expensive than buying.
In my country it is mostly, as land is so expensive that promoter build the shittiest cube od concret to sell it as a house, so yes if you get the land you pay already close to a million or more depending of the exact area and then what do you have left for the house itself is usually half of that or less. Also seeing all the problems people have when building, I would clearly prefer to buy an existing house.
Fair. That’s unfortunate. Society imo has lost that ability. Germany and Austrian families used to build family homes with three levels for generations with a retail shop for the family to work.
I understand, but don’t give up hope for private land. You never know. 😃
Exactly, my retired neighbours sold their house with 3 stories, retail at ground floor (where she worked all her life as hairdresser), workshop for wood work in the basement (where he worked some time and did his hobby) and of course a garden. Now the are living in a shitty modern apartment as we do, it's 5 years old and some wall are falling appart with cracks are visible from both side, equipement are so cheap they break one after another, seal are already gone in bathrooms and need to be redone properly... At least the house was sold to a young family and not crushed to do another shitty appartment building like ours.