open house

So there was another open house today- a crooked tiny wreck in Park Slope, with horrible basement and dancing walls. 16x30 yard in the back for close to 1 mill. The only good thing about it was, that it is actually still livable, but in desperate need of demolition...Lot is 16x70 with FAR of 2, meaning there are 2240 build-able .. and this is legal 2 families- what a rip off.. But people a so hot and crazy about Park Slope that they would readily give more then the asking price for this sort of property. It doesn't make any sense!!
I mean, how can you pay so much money, just to demolish and start building from scratch?! Moreover, they bring suitcases w/cash and close the deal on the spot.
Is it me being blond or the whole world goes KAPUT?
Anyway I'm off to make my favorite family meal-goulash with mashed potatoes. Yammi!