this post was submitted on 20 Mar 2025
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Tech millionaire builds 99-unit tiny house neighborhood for homeless Canadians - rent is kept at 30% of income, the large majority of residents pay a maximum of $200 — including all utilities (www.goodgoodgood.co)
submitted 1 week ago by Blaze@sopuli.xyz to c/goodnewseveryone@sh.itjust.works
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[–] Droggelbecher@lemmy.world 3 points 1 week ago (1 children)

I was like, holy shit that 55/sqft must be some 10 times as much as my rent (I'm not sure how much a foot is; I think I'm paying about 20-25€/m^2 per month). And then I realized those are BUYING prices. Holy shit.

[–] alcoholicorn@lemmy.ml 1 points 1 week ago* (last edited 1 week ago) (2 children)

827USD/m2

To be clear, this isn't exactly an apples to apples comparison; even if the US did free trade school with subsidies for living costs and everything, you're not going to get skilled metal workers and carpenters working for $35/day. While labor costs are only ~25% of the cost of construction, the same applies to how low you can get material costs, even when you've got central planning for concrete and steel industries.

[–] Droggelbecher@lemmy.world 2 points 1 week ago

I meant holy shit, as in, holy shit that is such an affordable buying price that I confused it for a steep rental price at first.

[–] PersnickityPenguin@lemm.ee 2 points 1 week ago

Labor costs are typically 50-60% of the cost of construction.