"Greg G." wrote in message
Well, if you've seen the crap they throw up in the metro area that he
is avoiding (I live there), you would realize that his land is the
major investment. The cracker box "investment" house won't last much
more than 20 years, or just till it's about paid off. And the
remaining 1/6 acre lot is worthless. (To me, anyway...)
It's a banker/broker's wet dream. I'm with Odinn on this one...

You just have to pick your areas. Sometimes you get hit on both ends ... the
"lot/land value" on my tax appraisal is increasing by about 10%/year, while
the "improvements" remain fairly constant.

We are paying $63sf + for "teardowns" on 50' x 100' lots in the area I am
currently building in ... and that's probably gone up in the last 30
minutes.

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Last update: 12/13/05