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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: portage who wrote (8905)2/15/2003 12:44:56 PM
From: edward millerRead Replies (1) | Respond to of 306849
 
"I'm wondering how much Bush's tariff on Canadian
lumber is adding to these costs."

That is such a ridiculous statement. You haven't
done your homework in costing. All material costs
are much lower than the labor costs. Further the
cost of lumber is a very small cost of a remodeling
job - its the finish materials that eat money.

In 1990-1993 I remodelled (actually rebuilt from the
ground up) a house in S Cal. The total cost was in
the $250K price range. Lumber cost me well under $10K.

Just the cost of finishing the kitchen was over that.
That is just for cabinets and appliances. It was a
great kitchen, but the point is that lumber costs are
not much compared to other costs.



To: portage who wrote (8905)2/16/2003 5:32:48 PM
From: Skeeter BugRespond to of 306849
 
portage, shop around. my guess is a lot of contractors will be out of work in the bay area and looking to give some deals.

i think the point stands, though. it wasn't that remodeling was cheap. it was that the main component of the cost of housing is the land and how folks value the location.

why do similar houses cost anywhere from $100k to $1,000,000? it's the land underneath it.