Hate replying to my own post but this deserves an update...In my area, I'm looking at my house coming up on 4x what I paid for it in 2001. And over half the time in my neighborhood they're literally just paying for the land and razing the house.
So... my house currently I have a standing offer from a developer for right at 4x what I paid for the house. I was wondering why. I just looked up recent deals on these "raze it and build a mcmansion" gambits. The house across the alley from me, almost exactly same sized lot, razed and rebuilt, sold less than a month ago.... for 9.3x what I paid for my house in 2001.
Looks like project peaches is no longer "live here until we finish building in the country", it will be "Buy land, drop a double wide on it (or buy land with a workable enough small home), live there while building, while simultaneously razing and rebuilding at our current lot to then sell and pay everything off."
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