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Updated almost 6 years ago on . Most recent reply
Build Costs and Riding Boom Cycles
I am a fan of buying in markets that are rising, easiest way to make money.
One indicator to watch for is building costs rising.
For example when I was buying in Atlanta in 2011 building costs were $18 per sq foot, today we are looking at around $100 per sq foot...boom
So what happened during this period? Prices kept rising
Now I am playing in Detroit, building costs in the last 12 months has increased by 10% a good sign
Curious do other investors look at this