[jandrese]

You can't build cheap housing, it would drop property values!

That's not too far from the truth either. Comparing "comps" is a lazy man's game. They don't look that closely at the houses they are comparing.

[anonuser123456]

Ugh.. this is so true. When I bought my house I used a rudimentary linear regression to decouple land price from home price. My realtor thought of that as unworkable black magic. I was like well, if I know the build quality and know the cost of construction, why wouldn't this work?

I think the answer was "pride of ownership, location, location, location!"