Land prices are depressed, because we are beside a military base, Camp Lejeune, and the Marine Corps is downsizing. My 2800 square foot house is in a good neighborhood and is worth about $210,000. Prior to the housing price collapse in 2008, the house was worth $250,000. Prices will probably stay low for quite some time, because the housing market around here is flooded.
Now I have to work on my wife!
Thanks!!