In our little town, a developer bought up some farmland at the edge of town. Those cracker boxes he’s building on 1/8 acre plots, if that, start at $336k. That’s more than we paid for our home which is larger and on 1-1/2 acres. Plus the construction of these homes is poor. Lots of façade materials.
When we were first starting out, these homes would’ve been around 95k. Granted that was 35 years ago.
41 years ago we built a 4 bedroom house on 2 1/4 acres for 110k. Couldn’t do that today, really have no idea what it would cost, but it would be unaffordable for sure.