It's a land acquisition issue due to zoning laws and stuff. For example, in the Bay Area, where houses are super expensive, it's just that there are limited numbers of houses and you essentially aren't allowed to build more (without having to jump through insane hoops). Meanwhile, there are huge tracts of land being wasted on low value things like empty parking lots.
Right next to my $1.85M San Jose single family house (1300 sq ft, built in 1959, very unremarkable), there's a plaza with a Dollar Tree that is almost always empty.
In comparison, a "Mobile Home" in the same area would only be $400k [1] , with similar house size and build quality. It's a lot cheaper because you don't own the land.
Right next to my $1.85M San Jose single family house (1300 sq ft, built in 1959, very unremarkable), there's a plaza with a Dollar Tree that is almost always empty.
In comparison, a "Mobile Home" in the same area would only be $400k [1] , with similar house size and build quality. It's a lot cheaper because you don't own the land.
[1] https://www.zillow.com/san-jose-ca/mobile/