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@CasaSteve
The cost of demolition is prohibitive.
My brother lives in small town mid west USA. The house next door to him was fairly run down and came up for sale. It sold for $7000, which was a decent price. He wanted to buy it and flatten it to extend his own yard/garden but it would of cost far too much to do that.
Someone else bought it, threw $20,000 at it and sold it on for $70,000.