In addition, land zoned for residential use is limited. Waterfront properties command the highest prices on the market. Properties with views tend to be higher-priced as well. Finding storage space can be difficult and expensive. In most homes, storage space is severely limited.
Basements are rare and most homes have carports rather than garages.
Attic crawl spaces tend to be small. These trusts still retain ownership of the land. The trusts then lease the land to a buyer through a leasehold interest. The buyer makes regular lease payments and pays property taxes. Private ownership of land zoned for residential use is more limited than leasehold property.