Anyone have input into how the price of land will be affected by the latest downturn in the housing sector? Is now a good or poor time to buy land?
I believe in the S. Cal story -- around Lancaster and Palmdale, but not sure this is the absolute best time to buy.
What do developers look for and what are the ways in which a land investment could fail?
Also, how does one valuate land? How much should be paid for it?
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