This may be true in high density cities, but it's not reflected in my recent house purchase (~4 acres, 1650sq.ft. manufactured house). I had always thought of

This may be true in high density cities, but it's not reflected in my recent house purchase (~4 acres, 1650sq.ft. manufactured house). I had always thought of the property as the valuable part, and I still value it more than the house (houses are replaceable), but, a) the value of the property is less than 10% of total purchase price, b) The mortgage broker did not consider the value of the land AT ALL when writing the mortgage, c) I don't own the property, I rent it from the county.