This is exactly it. I rent a house that costs $900,000 and it’s a 60 year old death trap. Just like most of the other houses in the neighborhood. It was built w

This is exactly it. I rent a house that costs $900,000 and it’s a 60 year old death trap. Just like most of the other houses in the neighborhood. It was built when LA County was more of a “build baby build!” Place lol. When you buy a house here it’s more like you’re buying a $900,000 piece of land and getting a free house in the deal. Those houses are practically worthless and a lot of new buyers tear them down and build a new one. I’d guess that doing that costs a few hundred thousand. But most of the time I see that, the new houses are way better quality. If you wanted to bare minimum meet code, it’d probably still be cheaper to build a new house than to refit the old one.