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by ThrustVectoring
3415 days ago
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There's a similar issue, IMO, with new home construction. There's a minimum legal quality limit for having a home be sellable, and anything past that basically doesn't get done. It's made worse by the home evaluation metrics - square footage, bathrooms/bedrooms, and location are most of what matters for getting a mortgage (and thus for bidding on and pricing a house). Like, if you look closely at a 100 year old house, you'll find details like "the awnings over the window are just long enough to shade the window in the summer and short enough to get sun in the winter" that basically don't make it into modern homes. |
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While it may or may not be the case that 'house quality' has declined over the decades, that's driven by economic factors: do house buyers want to pay 1.2x or whatever for those extra details? I would conjecture that home developers are not stupid, and that they have tried adding those (presumably expensive) details, and found that they were unable to recoup those costs in an increased price.