The 70x150 ft lot my house is on...we paid 6500. It’s appraised at almost 30K now. Some behind us are going for 50k. It’s nuts. Where does it stop?
I don’t know. Prices are going out of sight here. How does anyone afford to buy anymore?
The land around here is just crazy too. 26 years ago we paid $2000 and acre for this land here, and it is now selling for around $10,000. and acre. And it’s nothing but rock and scrub oaks...
I’m like Duchess and wonder how people pay for it. The new houses that were built in the last few years are all young couples with young kids, and not only did they pay premium prices for the land they built huge homes, and really nice out buildings. They have to be so far in debt I worry about them, and I don’t even know them:)
Becky