re: Buying land and building or buying house and remodel

quote:

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I was just giving an example of why the land value:house value ratio is really meaningless unless your only consideration is resale value. Land is what matters to me and I would be happy with a $100,000 cabin on a $1 million piece of property. My wife does not exactly share my view so our land:house ratio will not be so unbalanced.

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Obviously the ratio doesn't apply in large tracts of land. I guess I should have been more specific to include only residential neighborhood lots.