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by dkasper 5018 days ago
>> Housing should be worth about $100-125 per square-foot, with about a 50-100% premium for top locations (urban areas) due to increased construction costs and reduced transportation costs (proximity to desirable places)

How'd you arrive at this number? Citation needed?

3 comments

I'd be curious to hear this as well. There are many parts of the country (a vast majority by area, and a not-insignificant minority by population) where housing is way less than $100/sqft. In the (small) city I just moved from, $30-40/sqft was more like it, and that was higher than the entire surrounding area.
$100-125/sqft is roughly new construction cost for suburban housing in the US.
He made it up along with the rest of his low content blather.