[smcl]

Oh my word - some of those properties are insane! Even some of the $2m ones are basically just wooden sheds!

[branchless]

It's the land. I'm not sure why people don't understand this. Without the location context this isn't a useful site.

Suitable land is artificially constrained, fiat money issuance is unconstrained, ergo prices are rocketing as rent seeker banks shift resources from wealth producers to themselves.