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RE: Tech Wonder: 3D Print Your House for $64,000 in 8 Hours
I watched the development of 3D printing over the past 3-4 years. It is amazing how far they have come.
3D printing is seriously going to reduce the cost of many things in our lives. In the housing realm, this is really going to crush the prices over the next couple decades. People buying homes with 30 year mortgages on them are going to take a bath since their home, most likely, will be worth a fractions of what it is today in 2040.
3D printing is going to reduce home prices that much. Now it is $60K to start for one of these homes, 10 years from now it will be $10K or $5K.
I agree with your prediction. I think $10K or $5K mini houses will be available very soon!
True. Decentralization breaks the monopoly that big institutions have. And due to that, things become much cheaper.
Decentralization is key to breaking down monopolies and bringing us into a better collective position as a species. At least that is my hope!
Absolutely they will. The more things fall under IT, which is expanding every year, the more the pricing behaves like cell phones or computers...prices come down over time...at least until they reach a low point where they level off.