IDK, where I live land is cheap (think $10k) but even the shittiest land with a house on it is expensive (you would easily pay $250k+ for a house that would cos

IDK, where I live land is cheap (think $10k) but even the shittiest land with a house on it is expensive (you would easily pay $250k+ for a house that would cost $125k in labor and materials build). Zoning and Building codes mean houses are artificially constrained in a way land is not. There's an insane premium on zoning and permitting the land to build, as well as having the irreplaceable liberty to be covered by a grandfathered structure that is no longer legally buildable.