4 ms·Near LA I imagine the land itself is valuable enough to get a loan on and still valuable if it burns.by ty6853 2y agoNear LA I imagine the land itself is valuable enough to get a loan on and still valuable if it burns.thworp 2y agoBut is it actually that valuable if no potential buyer could insure a house on it? This is the gist of the article.ty6853 2y agoIt just means the value of the house without the land has to be captured in the down payment so the bank can't take a loss on it.