Would you buy land in a city for a very low price?

[Karla Edward]

Would you buy land in the city of San Francisco, if you could get .10 of an acre for less than $10K, knowing that it will cost several thousand dollars for permits and building? Is getting the land cheap, worth it?

[Jon Klaus]

It's possible that very cheap land could have deficiencies that make it impossible to develop. FEMA could prevent development, it could have environmental problems, easements might make development impossible, zoning could prohibit anything getting built on that size, etc.