The land is expensive. Every time you buy and build or rebuild you want to make a profit off of your investment and effort so it goes up. Even if the structure is crap and you intend to tear it down and rebuild the seller still expects to be paid for the structure. The only way to make land more affordable is to build upwards and make condos/apts and increase the number of residents per unit area.
The land is expensive. Every time you buy and build or rebuild you want to make a profit off of your investment and effort so it goes up. Even if the structure is crap and you intend to tear it down and rebuild the seller still expects to be paid for the structure. The only way to make land more affordable is to build upwards and make condos/apts and increase the number of residents per unit area.