>housing is much more expensive than the cost of building it. Why would you expect to only pay for the price of building it? There is also a lot of value in l

>housing is much more expensive than the cost of building it. Why would you expect to only pay for the price of building it? There is also a lot of value in land itself, the view from it, the infrastructure around that land, what other people (And businesses, and schools, airports, restaurants, etc. etc. etc.) live there in close proximity. What laws are in place on that general part of earth... There is so much more at play here than "cost of building it".