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shiandow 14 days ago

Are those kitchen and bathroom numbers supposed to be shockingly high? Over here you're not far off just dividing the house price by the number of rooms.

IndianITGuy 14 days ago | parent [-]

I'm just throwing numbers around based on my experience. In the USA, I got a full kitchen remodel done for 25k in a modest, clean, homey kitchen in a $750k home. Then I visit some high-end residences, and their kitchens look like Gordon Ramsay shows up every night to cook a private dinner. It's a stark contrast.

I was once debating between granite countertops that ranged from 5k to 10k—like it was a make-or-break decision for my budget—only to walk into a home where the owners start rambling on about how much of a pain it was to get custom wood countertops imported from Brazil, sourcing the same industrial kitchen range that michelin star cook cooks use, industrial fridge/freezer setups, marble floor tiling, and every single top-of-the-line thing in a kitchen you can possibly think of.

Considering I spent 25k on a modest kitchen with brand new top of the line Samsung appliances in a fairly large house in a "high-income" area, I’d say these folks are spending 4-5 times what I did. And honestly, my guess might be an underestimate. The elites and upper-middle class have DEEP pockets.

dnemmers 14 days ago | parent | next [-]

A 25k ‘full’ kitchen remodel in 750k house in a HCOL area is a VERY good deal. How hands off were you in the process?

antisthenes 14 days ago | parent [-]

If you let yourself get scammed by contractors who charge you double when you have "money" there's no limit to the number you can pay for a kitchen.

Obviously there is more hands-on involved the cheaper you want to go.

Also "full" is probably doing a lot of lifting here. He likely didn't do plumbing for the kitchen from scratch nor electrical.

If you just need to replace cabinets + appliances, there's no reason why you can't get any kitchen done under 30k.

ben_w 14 days ago | parent [-]

I've recently had two kitchens done (my home in Berlin and an apartment I rent out in the UK) for about 10k each. I was completely hands-off for each.

ethbr1 14 days ago | parent | prev | next [-]

People underappreciate how much luxury pricing diverges.

When you have a customer base with 1000x average income, you will rapidly find there's a 1000x priced option... even if it's only 2% better than something priced 10x average (or often, simply labelled differently).

philipallstar 14 days ago | parent | prev [-]

It's deep pockets often from house price inflation due to demand increases from immigration and price increases from the rise of two-income households. The latter won't continue to happen, although the former will.