Yeah if you're lucky you can get land cheap
But not everyone has 50k just laying around to buy land then 100k more to start building on the land and have the money for the land tax which will go up once you start building on it
Discussion
So for the land tax on this land with house would be like $300 per year.
I know not everyone has it lying around. While young that money only takes a few years. If not spent partying it goes a long way. I know many who receive a little money from parents and blow it on a fancy car. This is not the way.
It really is possible to do all of this if you start out smart and spend less than you make. Take out zero debt.
Mines $600 a year but that's because the city doesn't know that a couple rooms were slowly added to it and it's only a triple lot.
If I were to sell it... the next person would be paying triple at least
Wait. Your city raises property tax each time the property gets sold?