You're right. This is more like a real estate cash grab. I'd guess that it'll only get more and more difficult to obtain permits to do this in future. And exp

You're right. This is more like a real estate cash grab. I'd guess that it'll only get more and more difficult to obtain permits to do this in future. And expensive. Similar to how if you want to buy land and build a house, it's pretty much impossible nowadays in the vicinity of a decently sized city. But fifty year old houses are dime a dozen.