“Nothing can be said to be certain except death and taxes,” goes the old chestnut. If you’re a real estate developer, you could add one more to that category: that your cost of building will keep going up. The primary reason for this is the cost of labor. A construction site is a minefield of uncertainty, and the back-and-forth required to build housing in cities such as New York and San Francisco means that labor
source https://therealdeal.com/2020/07/21/the-reinterview-social-constructs-founders-on-making-multifamily-construction-an-assembly-line/
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