Effective today, Jordan Saper’s offering to build a 6,000 sq.ft. house on a half-acre at 7 St. Claire Avenue (just south of St. Saviors) for $3.8 million. That seems a bit rich to risk in this market, but Saper builds a nice home and if, as I assume, even he can’t get financing to build without a buyer signed up (alternatively, he simply won’t take the risk himself), this might be a good time to see how much house you can build for how little money. By the way, if he paid $1 million for the land itself, he’s only charging $433 a foot for the house itself. Not long ago, that would have been considered cheap – now, you might be able to do better.