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CNBC breaks shocking news
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this post was submitted on 03 Dec 2023
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Ehhh, I disagree with this a bit. People are still putting LVP instead of hardwood in new builds, with granite instead of quartz countertops, and no fancy heated floors, and the cheapest carpet they can find at Home Depot. I feel like most new builds I see going up are more on the "starter home" side of things, but maybe it's an area specific thing.
The real problem though, is even these cheaper options still end up being unaffordable.
In my area that's how they do the flips. And those are still sold for 150% what they would've been sold for three years ago. To a landlord.