> So, 20x less renovation than a $4m house in Palo Alto needs.
While the comparison of renovation costs is interesting, it seems somewhat arbitrary to use Palo Alto as the sole point of comparison.
After all, Palo Alto is widely known as one of the most expensive cities in the United States, so it’s possible that the cost of renovations there could be significantly higher than in other areas. It would be fascinating to see a broader analysis of renovation costs across different cities, regions, or countries, perhaps even taking into account factors such as local labor costs and materials prices.
Only then can we truly understand the economic implications of home renovation and how it varies across the country.
While the comparison of renovation costs is interesting, it seems somewhat arbitrary to use Palo Alto as the sole point of comparison.
After all, Palo Alto is widely known as one of the most expensive cities in the United States, so it’s possible that the cost of renovations there could be significantly higher than in other areas. It would be fascinating to see a broader analysis of renovation costs across different cities, regions, or countries, perhaps even taking into account factors such as local labor costs and materials prices.
Only then can we truly understand the economic implications of home renovation and how it varies across the country.