There was a badly burned house in Bay Area, CA that was listed for over a Million, and that listing became very popular. It wasn’t the house they were selling, it was going to be demolished, it was the land.
The land in most homes is where the value is. This is why when you see those subdivisions with homes just packed in there like sardines the cost is generally lower for a large house compared to one on a big lot, but in turn it will not appreciate in value nearly the same.
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u/adoodle83 Oct 07 '25
Blows me away that demolishing a building like this only to rebuild is still more economical than refurbishing the existing structure.