re: Been following a vacant lot near me and I'm a little skeptical about the price drops

quote:

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Prices we see today are going to be low compare to what we will see in 5 years

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It's pretty disturbing to go back 10-15 years ago and look at what lots and houses in general were worth compared to today. I had an opportunity to buy a 10 acre property for $120k and thought it was about $20k too much. The 5 acre property on my street sold for $200k 2 months ago.