{"id":4277,"date":"2015-07-21T14:30:29","date_gmt":"2015-07-21T20:30:29","guid":{"rendered":"http:\/\/www.parkrag.com\/?p=4277"},"modified":"2015-07-21T14:30:29","modified_gmt":"2015-07-21T20:30:29","slug":"building-costs-are-rising-so-we-rebuild-better-build-schools-now","status":"publish","type":"post","link":"https:\/\/v2.parkrag.com\/index.php\/2015\/07\/21\/building-costs-are-rising-so-we-rebuild-better-build-schools-now\/","title":{"rendered":"Building Costs are Rising … So We Better Rebuild Schools Now!!!!!!"},"content":{"rendered":"

One of the arguments the School District’s Master Planning Committee likes to make\u00a0is that construction cots are rising by 5% per year. So, we better build lots of stuff now because it will cost more to do so later.<\/p>\n

While costs are rising, that’s generally\u00a0ALWAYS been true. Take a look at the Turner Non Residential Building Cost Index since 1997 shown below. You’ll see that 2014’s cost increase of 4.4% is in line with most years historically. It appears that 2015 will be in the same ballpark.<\/p>\n

\"turner\"<\/a><\/p>\n

\"\"<\/p>\n

So, is there any real rush to build this because costs are going up? It doesn’t look like any more urgency than any other time. You might also wonder that if 2009\/2010’s decreases are any indicator of what happens to costs during a recession, why wouldn’t we wait for that type of period. We are overdue for a recession, after all. Finally, the longer we wait, the more home values will likely have risen, which should mean more money in the school’s bank and a smaller bond.<\/p>\n

It seems like there is no reason to rush into building for the sake of forgoing future costs. If we wait a bit, it may even cost a little less.<\/p>\n

Instead, the Master Planning Committee seems to be pushing more fear, uncertainty, and doubt.<\/p>\n

“You better buy that used car today, ’cause prices are going up next week!”<\/p>\n","protected":false},"excerpt":{"rendered":"

One of the arguments the School District’s Master Planning Committee likes to make\u00a0is that construction cots are rising by 5% per year. So, we…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":""},"categories":[22],"tags":[],"_links":{"self":[{"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/posts\/4277"}],"collection":[{"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/comments?post=4277"}],"version-history":[{"count":0,"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/posts\/4277\/revisions"}],"wp:attachment":[{"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/media?parent=4277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/categories?post=4277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/tags?post=4277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}