A few weeks ago I wrote a post about the variation in housing costs among different regions in the country. I was reminded of that post by this report on the municipal government of Portland, Oregon, subsidizing the offering of condominiums for sale at the bargain price of $164,000. They sound like a bargain until you find out that the condos are 387 square feet. That’s $424 per square foot. That’s not exactly a bargain.
I haven’t checked it out, but I would bet that the average newly constructed house in Tucson costs less than half that much per square foot. And a new house in Tucson will have a yard, unlike those Portland condos. And no municipal subsidy to lower the price, either.
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AuthorThe contents of this blog, this web site, and any writings by me that are linked here, are all my personal commentary. None of it is intended to be legal advice for your situation. Archives
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