1srelluc
Diamond Member
I find it hard to believe but I don't live in a liberal town/county....Maybe in NOtVA where homes are all 600K+.
finance.yahoo.com
Housing affordability is top of mind for Americans watching average property prices steadily creep up in their area. As tempting as it may be to blame the changes on high interest rates, rapidly accelerating population growth or the construction delays and economic fallout still resonating from the lockdown era, there is another potentially greater and more easily remedied contributor to exorbitant housing costs.
Based on the research, the costs associated with requirements put forth by local, state and federal governments now account for a staggering 26.4% of the final price of a new single-family home, adding to an average of $131,734.
Permits and fees now eat up 26.4% of a new home's price — a $132K hit that jumped 40% in just 5 years
Executive orders issued in March aim to reduce housing regulations and expand access to mortgage credit.
finance.yahoo.com
Housing affordability is top of mind for Americans watching average property prices steadily creep up in their area. As tempting as it may be to blame the changes on high interest rates, rapidly accelerating population growth or the construction delays and economic fallout still resonating from the lockdown era, there is another potentially greater and more easily remedied contributor to exorbitant housing costs.
Based on the research, the costs associated with requirements put forth by local, state and federal governments now account for a staggering 26.4% of the final price of a new single-family home, adding to an average of $131,734.
