There's a lot of buildable land. It's just not highly desirable. The land is good, and green, and the neighbors are agreeable, but it's not close to a major city.
EDIT: Case in point, my first purchase in 2017 was 5 acres of buildable land 30 minutes from a tertiary city, with an existing 900 SF manufactured home and 400 SF garage. Total price: $30,000
You can buy 30k affordable buildings, but you have to put it somewhere, almost everywhere and especially in these ballooning markets, it's the land that you pay for.
As stated, you'd need to purchase the expensive land and then turn it into housing. This is done in Los Angeles, but the property that is built isn't cheap affordable housing.
Nope. You can buy perfectly good land suitable for habitation for about the same money. I have bought a 100 acre lot with a freaking stream, lake, and a small forest for about $180k. There's even a gravel road to the nearest highway, and it's just 40 minutes away from a fairly large settlement and 2 hours away from a major city.
This is just insane that people keep buying overpriced condos for $2 million apiece in cities, when they can have their own private park.
Then buy all the land between your place whatever it is you want a view of. Otherwise, why should you expect other's to lose out just for your own view?
There's also a lot of people like me who would rather avoid those expensive areas. Even if I had that sort of money, I'd rather spend it buying 100 acres or so of land and building an average or slightly above average sized house on it. I'd even have money left over.
You don't need to buy land specifically. In fact, that's probably counter productive. A better bet would be to seek a lease or an easement in someone's plot for a fee.
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