Not really, it's the same thing here in Toronto. Developers regularly buy tear-down bungalows on 50' x 120' lots for $1.2M and proceeds to put two tiny houses

Not really, it's the same thing here in Toronto. Developers regularly buy tear-down bungalows on 50' x 120' lots for $1.2M and proceeds to put two tiny houses on the lot that sell for $1M each.