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2 Comments
Submission Statement
They quote a cost of $1,000 per square meter (S100 sq foot). So I arrived at my calculation assuming a size of 100 sq m/1,000 sq feet for an average ‘starter home’ 2-bedroom dwelling.
The fact that housing crises are occurring in so many Western countries suggests to me that there is something very fundamental that is broken and wrong with our system of supplying housing – one of life’s most basic human necessities.
If the system is the problem, then the system can’t provide the solution, perhaps only radical new ways of doing things can?
Germans have a system of purchasing property called “Wohnungsgenossenschaften”. It is where individuals come together in a not-for-profit cooperative, to build and finance their own apartment buildings and housing complexes. This technology seems a perfect fit for that, maybe we would all be better off in other western countries if we adopted this system more?
Note that the costs claimed in this article refer to the cost of the *house*, not the cost of the *land*. CUBY builds single-family, single-story homes, and good luck building one of those in any job center or area where people want to live for anything close to $100k.
This could still have important applications, though, like quick rebuilding of homes in disaster areas. If it ever scales up to be able to produce multifamily housing it could be a bigger deal in areas that matter.