In theory, a lot is worth whatever something built on it is worth minus the cost to build. So the lot should probably be worth less. Hook up fees are often hil

In theory, a lot is worth whatever something built on it is worth minus the cost to build. So the lot should probably be worth less. Hook up fees are often hilariously inflated. Trenching on an empty lot is not very expensive. My point is that, if you remove distortions from a market, prices may go down.