It’s all about location...in my neck of the woods, a crappy tract home on about 1/4 acre will set you back about $150k...
Of course, it comes with all of the amenities of living in the high desert; wind, sun, sand, and heat.
Seriously though, I do agree that the prices as compared to somewhere else in the US are absurd...can’t wait to leave...soon.
Exactly.
Location Location Location.
Take the house on Green Acres for example. Transplant it to Bel Air. Then it becomes worth millions.