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You’re comparing incomparable values. San Jose house prices are high because you can’t amortize the land costs. Square foot by square foot, Manhattan land is fa
by shuckles 4y ago
You’re comparing incomparable values. San Jose house prices are high because you can’t amortize the land costs. Square foot by square foot, Manhattan land is far more expensive than San Jose. Chicago land may appear cheaper, but it’s only because they have higher taxes on it than San Jose.
- onlyrealcuzzo 4y ago> Square foot by square foot, Manhattan land is far more expensive than San Jose. People can't finance land. You finance housing. Sqft / sqft for housing, Manhattan is not much more expensive. The land is much more expensive BECAUSE you can build much more housing.