Here's the thing: the cost to build a house has gone up too. If a better house can be built for half what existing one is selling for then that price won't stay high long. Land prices matter but cheap land is still a thing in undeveloped areas. What has likely driven prices is NIMBY regulation, increased energy efficiency, safety, environmental compatibility, labor cost, home size, freight cost, energy cost, legal, and all those costs repeated via raw materials or supplies.
I'm so glad that you're back on UA-cam..
Yay! Another Sharkee video!
Good to have you back bro. I was just telling my brother w.e happen to sharkee and I went to your account lo and behold HE LIVES!!!!!!!!
So glad to see you back!
Welcome back Sharkee after years mate! Nice to see you back.
Here's the thing: the cost to build a house has gone up too. If a better house can be built for half what existing one is selling for then that price won't stay high long. Land prices matter but cheap land is still a thing in undeveloped areas. What has likely driven prices is NIMBY regulation, increased energy efficiency, safety, environmental compatibility, labor cost, home size, freight cost, energy cost, legal, and all those costs repeated via raw materials or supplies.