It cost him 65k to fix it. The house was 175k.
You said he could rebuild a 175k house for 65k, which was the cost of repairs. I'm confused.Yeah, thats not how that works.
You said he could rebuild a 175k house for 65k, which was the cost of repairs. I'm confused.
The purchase price is $175k, not many people can afford to walk away from that.That is nothing. And it's an amount of money that can be walked away from. I also find it hard to believe there is no legal recourse against the seller.
Depends on the appraisal price, but a house like that would easily cost $150-200k to build from the foundation up. It'd be cheaper if he kept the studs, but even portions of the foundation had issues.You don't have to pay for the land again.
Yes, but still... 65k for a new house? Not likely.You don't have to pay for the land again.
Yes, but still... 65k for a new house? Not likely.
Depends on the size and location (cost of living for lumber prices)Yes, but still... 65k for a new house? Not likely.
Not even then. Cost per square foot to build a house is $50-200+ depending on what you're building with and cost of labor. $50/sq ft is on the absurdly cheap end of the spectrum and even then that 2,170 sq ft house would have cost $108,500. But considering the expected quality of the house, i.e. recently updated you're looking at closer to $170-185k+Depends on the size and location (cost of living for lumber prices)
Not even then. Cost per square foot to build a house is $50-200+ depending on what you're building with and cost of labor. $50/sq ft is on the absurdly cheap end of the spectrum and even then that 2,170 sq ft house would have cost $108,500. But considering the expected quality of the house, i.e. recently updated you're looking at closer to $170-185k+
Trust me, we did the numbers recently.
The home in question was 2170 feet, so his calculations are correct. And $65k isn't what he has spent (yet). Its the price quoted to fix the whole thing from a GC.I believe you on the numbers, but I also notice you used a 2000+ sq. ft. for your numbers. Our house is under 1700 and there's plenty of 1400 sq. ft. houses around where I live. Going absurdly cheap (which you have to remember, they're doing a lot of this labor themselves as well) a 1400 sq ft house pretty much matches what they've put into it (so far) Remember the number is going up as they still haven't finished.
Ah I missed that partThe home in question was 2170 feet, so his calculations are correct. And $65k isn't what he has spent (yet). Its the price quoted to fix the whole thing from a GC.
Yeah, fuck gluing shit to my concrete.Bamboo flooring is what jesus recommends
Woman I know had her ceramic tile torn up and bamboo put down because "it's green"Bamboo flooring is what jesus recommends