> Why not just create buildings designed to last hundreds of years instead? Because no one can anticipate if the land a home is built on will be valuable in so

> Why not just create buildings designed to last hundreds of years instead? Because no one can anticipate if the land a home is built on will be valuable in some exact moment in the future. For example, should we build durable homes in Miami at all? There is sunny day flooding in North Beach right now. And yet. A part of town literally not habitable in the far future, but still, its prices are high. If you're so confident you know what land is going to be worth, go buy it.