Right but why are we paying for child labor, sweat shops and outright slave labor? That's why it's so cheap.
The same thing applies to US and Canadian construction, flooring, drywall, painters and roof builders who had to do something else because cheaper labor is imported in. And I sure don't see housing prices dropping because the business owners are paying foreign workers cheap wages by the day under the table .
More like, they are pocketing the difference and raising prices/profits. You can't even get a builder to build one for less than 450,000 anymore. No wonder no one can afford to buy a home anymore. It's bonkers.