Drunkard wrote:Hold on people, the land is probably approved for one family home, not apartments not koisks, so looking at the value of land might not really mean alot, my old folks have a house in riverside sitting on half acre land that they cannot do anything about unless they decide to blow up the current house and build a larger family house, most of the house build in 60s and 70s had a real planning to it and included the limits on what you can do to the land.
Thank you Drunkard,
You are right. Apartments, Townhouses are not allowed,
Things may change in the futureSome guys have demolished their old houses and built super mansions, for themselves or for rental. I believe rents for these are like 300K.
Others have extended their houses to incorporate an attached guest house, which they rent.