Similar to housing in attractive places no? Price is related to what people can afford, rather than what the actual house/unit is worth in terms of material and labor.
Similar to housing in attractive places no? Price is related to what people can afford, rather than what the actual house/unit is worth in terms of material and labor.
Except for "material and labor" there is an additional cost of land.
That is already "related to what people can afford", in attractive places or not.