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> Land is the epitome of something that cannot be manufactured, so goes up in value. Lot sizes have gotten significantly smaller over the past 50 years. The di
by meritt 8y ago
> Land is the epitome of something that cannot be manufactured, so goes up in value.
Lot sizes have gotten significantly smaller over the past 50 years. The difference is probably closer to 3 vs 20 if you include the amount of land purchased. There's $800,000 homes in my neighborhood on 4,000 sqft lots.
- rubidium 8y agoHave any data on this? I'm skeptical.
- meritt 8y agoZillow has published some work on it -- https://www.zillow.com/blog/bigger-homes-smaller-lots-184558/ https://www.zillow.com/blog/bigger-homes-smaller-lots-184558... but it doesn't go back very far. -10% since 2000.
- ams6110 8y agoI agree. Where I live there are two types of homes being built: Dense condo developments, or huge houses on large lots (1 acre+). Nobody is building the 1950s/1960s subdivision style 3-bedroom ranch on a quarter acre lot, and I don't really see many larger homes on small lots. Anecdotal to be sure, however.
- deleted 8y ago[deleted]