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by nradov
1203 days ago
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It's also a matter of information asymmetry. Most potential renters or buyers don't have a good way to check for construction quality and interior noise levels. Even an independent pre-purchase inspection doesn't tell you much beyond really obvious problems. Customers aren't willing to pay more for higher quality because they can't easily determine quality, so most developers will go with the cheapest possible option and then slap on some granite countertops to make it look nice. This could be addressed through stricter building codes. But that would drive up construction costs at a time when we already have a housing shortage in many areas. |
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