to build exact same said house in 2008 now costs 300%
not a bigger house, not a house with more fixtures, the exact same house. Excluding land!
So how do you justify that cost? if the house which is built out of materials and wages goes up 300% when the cost of the materials and wages hasnt been going up at the same rate, you have a growing profit margin.
so much so that its a bubble..
whats stopping the profit margin from going back to its original size?
