If it makes you feel any better, I live in an area that was built with a mix of SFHs and low rise apartment/condo buildings. The SFH are all $1m+ while condo pr

If it makes you feel any better, I live in an area that was built with a mix of SFHs and low rise apartment/condo buildings. The SFH are all $1m+ while condo prices range from $160k for a studio to $500k+ for a new 3-4 bedroom. If you figure that to build a new house they have to tear down an existing house, the minimum price for a new construction SFH or multi-unit is greatly increased.