Home › Forums › Housing › Existing Homesales Timebomb? › What about the LOT? This is
What about the LOT? This is another obvious defect in your calculations. Most $/sqft prices don’t take into effect the size of the LOT (Land). Most of the value of an SFR in So. Cal is in the LAND.
Probably 80% in most cases…..
http://westsideremeltdown.blogspot.com