On: A global house-price slump is coming?

[lazide]

So 3-10% of the cost here in the Bay Area?

[s1artibartfast → lazide]

Who pays 1mil building costs for 1700 sqft?

[lazide → s1artibartfast]

Huh?

[s1artibartfast → lazide]

Building costs in SF are high but not that high

[lazide → s1artibartfast]

I think you’re completely inverting the situation I was describing?

A typical 1700 sq ft in the peninsula is 1.5-3million.

Materials costs for construction are at most 3-10% of that. So a couple hundred grand.

[s1artibartfast → lazide]

I see, I thought you were saying that number was 3-10% of the building costs in the BA