5 ms·

The thing holding me back is that I don't think it's sustainable to have small single-family homes going for >$1m in tear-down condition. It might not get hit w

The thing holding me back is that I don't think it's sustainable to have small single-family homes going for >$1m in tear-down condition. It might not get hit with a huge correction, but I can't see these properties being worth $5m in 2028. No one can predict the future, but I don't see how it can keep going at anywhere near the pace it's currently going.

jjeaff 9y ago
That $1m is for the land. The tear down condition home can be upgraded ad-infintum. Look at the tiny London flats right now where they are building multiple stories down into the ground.