The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (58873)	8/4/2006 11:08:03 AM
From: Don Earl	Read Replies (3) of 306849

RE: "Then you have exhurbs in markets with very strong population and job growth like Houston or Dallas where you can buy a brand new 3500 sf home with all the infrastructure in place for $170k." You're dreaming. At around $100 per square foot for materials, that 3,500 sf home would cost $350K, plus land, plus labor to build. You might be able to find a 3,500 sf home, in the ghetto, built in 1940, for $170K, but you won't find a new stick built house any place in the US at that price. If you got a deal on a lot in the boonies, and hired a crew of illegals, you might be able to pull it off for half a mil.

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