Construction costs have been outpacing headline inflation by a huge amount. This has accrued to costs of repairs easily exceeding 20-30% over a few years ago.
I’ve been curious myself to the economics of construction. Wondering if there’s a cool place where this type of stuff I broken down, otherwise I’m having a hard time believing some of these estimates.
Anecdotally my homeowner's insurance increased 34% from last year. When I talked to the underwriters about the huge jump I was told that it was due to the increased cost of rebuilding associated with inflation.
aeternum|1 year ago
lWaterboardCats|1 year ago
black6|1 year ago
hwillis|1 year ago
https://www.swissre.com/press-release/Insured-losses-from-se...