How the covid economy triggered soaring costs at this dream home

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Many of the forces shaping the covid economy, from supply chain snarls to worker shortages and skyrocketing prices, which have put millions of Americans and companies on edge over the past two years, have collided under this (very expensive) roof.

The shell of a home built by Joshua Correa, founder of Divino Homes, on May 3 in Dallas. Carrie and Nate LaChance were watching HGTV from their home in Orlando in 2018 when montages of stunning, palatial houses popped up on the screen. They were hooked. And so the couple decided to move to the Dallas area — sight unseen — and build their dream home.

The house is still missing windows. And every piece of the house — every plank of wood, every nail, every appliance — has cost far more than planned. The initial budget started around $3 million, but a torrent of global forces have added hundreds of thousands of dollars to the final product.since the pandemic began, then fuel costs ramped up tenfold after Russia’s invasion of Ukraine.

The chaos swirling around the housing market has swept up millions of families — from those chasing their dream homes to those trying to become first-time buyers. Few builders or construction workers have been spared, especially in the Dallas area, which has some of the highestThis is the story of how the unusual forces shaping the covid economy collide under one Texas roof.

 

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WTH? It looks like some satirist's take on Mar-a-lago or a Disneyland villain's lair. Hopefully that's just the undercoat at least.

WP is complicit

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