Just think a bit deeper about it. If you can get an equivalent sqft house built to similar cost of materials of a similar age and similar condition, why would that house be 1/3rd the price in one spot? The land and the property tax rate is the difference.
I understand that some area have massively increased land prices
That is not the discussion, the claim I was responding to said that the MAJORITY of urban homes the value of the home is made up by the value of the land, not the home
I can see that in some very select regions of the nation, but through not the midwest that for sure should not be the case, and I am suspect that the MAJORITY of the nation is that way
Thus my asking for a SOURCE for the claim that was made as my experience differs
So far all have a gotten was 2 cherry picked anecdotes to prove the claim with no actual data backing it, as such i will simply assume the statement is false
