> That makes me terrified for home values going forward. It will likely shift all the value into the land. Houses are depreciating assets, the land already has

> That makes me terrified for home values going forward. It will likely shift all the value into the land. Houses are depreciating assets, the land already has most of the value in popular locations. (Don't believe me? Look at the resale value of mobile homes compared to "real estate".)