[nelsonob1]

Originally Posted by Trochu

Anyone have thoughts on land? Around here, one wonders how it's sustainable, a quarter going for $1.5M or more. But, when you look at the 50 year historical trend, it's gone up something like 46 of last 50 years and has never really been "affordable". The thing I don't like about it is, if you rent, the return, given the purchase price, is pathetic.

If there is a big correction, anyone think land prices will fall or will they remain fairly stable?

Vacant land can be a bit sticky and take time to sell. It is generally the least liquid real asset parti ularly in a declining market.