Mexifornia and they wanted a ridiculous amount of money for really ugly land! But now...prices are coming down since people bought the country houses for a ridiculous amount of money and are now being foreclosed on.<<<
Yes, it had to come down, there was no way that it could keep going up, forever.
They say the value of real estate is what a willing buyer will pay for it and the seller will accept.
All areas that go up, will also have a stale/adjustment period.
Or the other option, is a devalued dollar that you need a case of it to buy a loaf of bread.
Once one has lived on acreage, it is difficult to go back to town, I tried it and lasted 3 months, was sure glad that I had not completely moved out of the mountain place and had not sold it.
Couldn’t stand having to get dressed to even open up the windows and did not like folks walking by and looking in the windows, spent the last 38 years, with the drapes open or missing entirely, I hate drapes.