I think the question for the seacoast friend is whether he is building a modest home, a luxe home, or something in between. For a luxe home, it is "easy" to drop $400+/foot--complex foundation, granite, lots of woodwork, high ceilings, lots of glass, premium materials every place else....On a cash basis, this may be easy for your friend since the land is free. On an investment basis, this may be the only rational choice for a piece of land that is likely super valuable itself.
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