Quote:
Originally Posted by Indydealmaker
Are not the new home prices only quoted on specific lots? All lots are not equally valued, thus an identical structure could have a different price.
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We have been here just short of 10 years. When we bought our lot, we had to pay an extra $1000 to get a lot facing west so that our lanai would be on the east. The week after we put down on our lot, the prices went up $8000.
Just as someone else noted, it is market driven and also depends on supply and demand. Houses here cost much more for basically the same house than in Amarillo. Lots of things factor into home prices.
Price gouging refers to suddenly raising prices ridiculously high (i.e. water, gas, etc.) when a disaster such as a hurricane, earthquake, flooding, tornado, etc. occurs. Water and gas for instance are considered necessities rather than choices to have or not have.