Thanks for the great episode. A different way to describe these regional differences is to focus on the fragmented way that the trades work, and the huge impact that the trades model has on construction costs. For example, the price of lumber, concrete or windows won't vary by more than around 10% anywhere in the US. The only way that a basement costs 3X more in some locations compared to others is the labor, profit and overhead charges of the subcontractor.
Thanks for the great episode. A different way to describe these regional differences is to focus on the fragmented way that the trades work, and the huge impact that the trades model has on construction costs. For example, the price of lumber, concrete or windows won't vary by more than around 10% anywhere in the US. The only way that a basement costs 3X more in some locations compared to others is the labor, profit and overhead charges of the subcontractor.