I am sorry but wouldn’t be the same issue with a house? It’s still done by a builder.
Plus in the apartments case the costs are shared, yeah they might be bigger but the house costs are all you.
Cost to build a brand new house is like $200k, and they are typically audited on purchase. You can demolish the house and still have $800k in land value. You don’t own any land when buying an apartment
![[meme] How would you rather see this land developed?](https://lemmy.world/pictrs/image/f6ec67a5-2636-4875-8dd4-fa5241a3083c.jpeg){kind=link}
I am sorry but wouldn’t be the same issue with a house? It’s still done by a builder. Plus in the apartments case the costs are shared, yeah they might be bigger but the house costs are all you.
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Cost to build a brand new house is like $200k, and they are typically audited on purchase. You can demolish the house and still have $800k in land value. You don’t own any land when buying an apartment