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Oh my word - some of those properties are insane! Even some of the $2m ones are basically just wooden sheds!

It's the land. I'm not sure why people don't understand this. Without the location context this isn't a useful site.

Suitable land is artificially constrained, fiat money issuance is unconstrained, ergo prices are rocketing as rent seeker banks shift resources from wealth producers to themselves.

There's a house that caught on fire recently, it will have to be rebuilt. The owners just sold it for $2.4M.

Wow I really bombed this quiz.

Whats even funnier is how those same crack shacks are now $1.5mm to $2.4mm in price.