So, house price, Z = [Re] + [Im] Where Real part is down payment and Imaginary part is land price? Seriously though, this has been the situation in the UK for

So, house price, Z = [Re] + [Im] Where Real part is down payment and Imaginary part is land price? Seriously though, this has been the situation in the UK for a long time. Today the down payment is equivalent to price of the house in the 1970's.