Will land prices fall?

[Huntingfool]

The 80's decline was mainly due to the Fed raising rates to crazy high 14-21% interest rates. If the fed raises rates that high, then I agree.

Brian - I lived through this - the "decline" was due to Savings and Loans and Banks that were handing out loans for homes that people did not qualify for - they did not have good credit or sufficient income but were given a loan anyway - those folks started defaulting on their mortgage payment and all hell broke loose - had nothing to do with interest rates - had to do with banks and savings and loans making horrible loans to people who had no business buying a house

[txhoghunter2]

How will we know if land prices come down?

If I watch 3 properties lower prices will you guys just say they listed too high to start with?

So how will we know?

We will know from actual sold comps…

[Kdog543]

Yea most likely no they wont. Over time the price for everything keeps going up