Quoting Ruth Hanschka to Michael Loo <=-
the average house in Detroit is worth 60K
More like 4 or 5, but who's counting.
tack another 100 thou on the front in San Francisco.
the average house in Detroit is worth 60K
Way up from the 2008 crash but still a very depressed market.
RH That same house in Boston would be 300K, is my guess.
More like 4 or 5, but who's counting.
I have quick and easy access to housing stats throughout North
America. The median price in Boston is $585,000.
tack another 100 thou on the front in San Francisco.
You underestimate: the median price is currently $1.3M.
Your national average cost to build is $150 psf. The rest is land
value which is based on location desirability more than actual
development costs. In other words people prefer to live in San
Francisco than Detroit for some reason, given a choice.
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