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This can't be true unless you are building a tall super fancy mansion with no yard space.

The land for a SFH inna "sought after area" is at least $300K and probably much more.

My experience is 40%+ in high demand areas. Even in a low demand area, land cost is expected to be 20%+, and this was pre Covid. I imagine it’s much higher now.

https://www.nahbclassic.org/generic.aspx?genericContentID=26...

200k land (1 acre in Tahoe area), roughly below 2MM construction. 10% might be lowballing, prob it will end close to 15%.

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