Back in 1999, an acquaintance of mine bought a $2.3MM home in an exclusive neighborhood. As he was driving me and a few friends through his neighborhood, he ex

Back in 1999, an acquaintance of mine bought a $2.3MM home in an exclusive neighborhood. As he was driving me and a few friends through his neighborhood, he explained that all the houses could be knocked down and rebuilt if desired. The price included location, security (theater really, but hey, it sells), footage, looks and fancy appliances. Not quality.