Also, land is not scarce in the south and midwest which is we haven't really seen a rise in price per square foot in 40 years [0] as it is basically all constru

Also, land is not scarce in the south and midwest which is we haven't really seen a rise in price per square foot in 40 years [0] as it is basically all construction costs as you can build a new home in a new suburb at the edge of the city. [0]: https://www.supermoney.com/inflation-adjusted-home-prices/ https://www.supermoney.com/inflation-adjusted-home-prices/