I got exactly the same price in Austin for a similar house (1955
though). Specified copper that would be insulated and I think they
mentioned eight fixtures. Do not know if this is high or low:
My situation is I have galvanized with no obvious problems (no reduced
flow etc.). My main shutoff cannot be turned off (except on the city
side) and two independent plumbers warned me not to try replacing it
unless I was willing to replumb if the pipe proved to be too fragile.
And the price quoted was in this context.
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