I was just wondering if anyone has gone through the process of building a home in Palo Alto anytime recently (or knows of someone who has). Looking through the building permit listings, it appears that there are several listings indicating that one can build a sizable new home for under 500k. I am basing this off of the pricing figure corresponding to the building permits listed online. I was surprised to see many in the 350-450k range (I had assumed it would be more expensive). Is this an accurate measure of potential costs of contructing a home (assuming one has acquired land to build on)? Obviously there is a great deal of range, but any insight would be greatly appreciated. Thanks!