I suspect in most cities it is the land that is valuable not the house. Even the 1940s-1950s houses where I live are selling for 800k. I suspect that an empty l

I suspect in most cities it is the land that is valuable not the house. Even the 1940s-1950s houses where I live are selling for 800k. I suspect that an empty lot would sell for slightly more since they get immediately torn down and something bigger put up whenever they sell. And I am just in some random suburb of a city that is not even close to top 10 in terms of population or wealth.