this post was submitted on 18 Aug 2024
128 points (96.4% liked)

GenZedong

4300 readers
125 users here now

This is a Dengist community in favor of Bashar al-Assad with no information that can lead to the arrest of Hillary Clinton, our fellow liberal and queen. This community is not ironic. We are Marxists-Leninists.

This community is for posts about Marxism and geopolitics (including shitposts to some extent). Serious posts can be posted here or in /c/GenZhou. Reactionary or ultra-leftist cringe posts belong in /c/shitreactionariessay or /c/shitultrassay respectively.

We have a Matrix homeserver and a Matrix space. See this thread for more information. If you believe the server may be down, check the status on status.elara.ws.

Rules:

founded 4 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 6 points 2 months ago

That would total a little under 46 thousand dollars per unit.

It does seem low, but not out of the realm of possibility:

Another way to factor the cost of an apartment building is by unit. The average cost runs from $65,000 to $86,000 per unit. Keep in mind that the numbers in this scenario don’t include labor costs or site improvements.

Labor adds a ton, obviously, but that figure also seems to include some items a government construction project could minimize (permitting costs), and it's an estimate of an individual project, not a statewide effort to build thousands of units. There would likely be some economies of scale.

It would be interesting to see how they came up with that figure.