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<p>[QUOTE=&quot;calcol, post: 26602864, member: 77639&quot;]Similar situation in many parts of N. Calif. especially the Bay Area.&nbsp; The technorich in Silicon Valley will buy a fairly small (&lt; 2,000 sq ft) older house on a small lot for $3 million.&nbsp; Then tear it down and build a modern, larger house for far less.&nbsp;&nbsp; Most of the value is in the lot.&nbsp;&nbsp; </p><p><br /></p><p>&nbsp;&nbsp; &nbsp; &nbsp;&nbsp; Mike[/QUOTE]</p><p><br /></p>

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