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["roxann" <roxann AT ancientearthwisdom.com>]

we bought our land in 03' and even then it was considered too high by the 
locals. then it was a little over $500/acre. Now land here is selling for 
$1000-2000/acre and even though it's not a good time to sell, people are just 
holding on to it rather than drop prices. The ones who sell out here aren't 
really selling because they 'need' to, they sell because they see an 
opportunity to make some cash on land they don't really need or use any more. 
most of it is inherited from parents or grandparents who have died. i don't 
think the land prices prices will go back to what we paid. but that's not a 
house, it's just land. buying houses are a lot riskier than land, imo, if you 
are wanting assurances that the prices won't drop below what you paid. the 
land prices may drop to a more reasonable figure, but i doubt they'll go to 
$500/acre again. there are too many people with lots of money waiting to snap 
up the large chunks of land that go on the market out here, they use it for 
hunting leases mainly.


Roxann, NW AR
http://blog.ancientearthwisdom.com