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The dream of building a workforce housing complex in Eunice, New Mexico took a giant leap forward when ground was broken in February.
The 16-unit development is intended to house teachers, police and firefighters.
The cost of maintaining your land is far less than the cost to maintaining a house.
Another problem with these estimates is that a poorly maintained, older home will be worth less and consequently have a lower estimated maintenance cost than a new, well-maintained house – clearly this makes no sense at all, since the poorly maintained house will likely need more maintenance and should have a higher estimated maintenance cost.
Being a bit of a skeptic, I never had much faith in these estimation methods, since there is never any kind of logic to them or analysis supporting the numbers.