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Explain the economics behind the following quote from the newspaper: Among the reasons for a larger, more expensive home is the lot cost. Just two
Explain the economics behind the following quote from the newspaper: "Among the reasons for a larger, more expensive home is the lot cost. Just two years ago, lots in some areas sold for $60,000. It doesn't make sense to build a $50,000 home on lots that cost up to $150,000 today."
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