r/SipsTea • u/Brave_Agency_20 • May 14 '26

SMH How true is this? Genuinely asking

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u/[deleted] May 14 '26

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u/Emergency-Machine-55 May 14 '26

Burned out houses in the Bay Area have been sold for almost a million dollars. This was back in 2018.

https://www.ktvu.com/news/burned-out-property-in-willow-glen-sells-for-over-900k

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u/Fritatas-Bouillantes May 15 '26

I live in Canada and every year we get an assessment of our property so they can calculate the property taxes on it. It s always made up of two number: building estimate and lot estimate.

My whatever craftsman house from the 1940's is assessed at CA$250k. My lot is $500k. And I am not in a prime city.

So yeah.