That’s simply not true. In high col areas like this and especially on custom homes that were well built rebuilding is much more expensive than appraised market

That’s simply not true. In high col areas like this and especially on custom homes that were well built rebuilding is much more expensive than appraised market value for structures. Part of that is easily attributable to depreciation of the structure but another large portion is the large increase in skilled labor costs in the last couple years.