> True, forgetting construction costs and assuming you have a gun to point at the land seller's head to sell cheap.
$500k is more than the median US house price and the construction company is in the business of doing construction. The construction costs are their profit.
> No you need to get approval to build the thing. Zoning is one aspect. Necessary but not sufficent.
The premise is that you're going to reform planning and zoning to allow new construction. That implies changing the rules so that the planning people are going to approve it.
> Maybe quarter acre is enough but typical burbs you may have 200-400sqm.
The lot size? A lot of these places are currently a single house on a one acre lot.
> I meant buyer of the land.
The buyer of the land is the construction company.
$500k is more than the median US house price and the construction company is in the business of doing construction. The construction costs are their profit.
> No you need to get approval to build the thing. Zoning is one aspect. Necessary but not sufficent.
The premise is that you're going to reform planning and zoning to allow new construction. That implies changing the rules so that the planning people are going to approve it.
> Maybe quarter acre is enough but typical burbs you may have 200-400sqm.
The lot size? A lot of these places are currently a single house on a one acre lot.
> I meant buyer of the land.
The buyer of the land is the construction company.