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by presty 3985 days ago
> What makes houses in developed countries so expensive?

Demand and lack of (enough) supply. Buying a piece of land that you can build on in a city like SF costs a lot more than $5-10k for 100 m^2.

According to http://www.trulia.com/real_estate/San_Francisco-California/m...

Average price per square _foot_ for San Francisco CA was $962