Posted by NY 986 on January 02, 2012 at 14:10:52 from (67.142.178.22):
In Reply to: Land purchase posted by M Nut on January 02, 2012 at 13:51:23:
I really don't know much about your local land market so I will not comment about that. I will say that land prices are not immune to going down despite what any experts may say. I also will say that people got their hopes up high during the building boom of the 1990's/ early 2000's here and had set astronomical selling prices on ground they had near a major highway. They are still waiting to get the prices paid that were being offered 15 years ago. How active is development in your area honestly. If you are buying this to potentially sell for development I would start attending various town board and zoning meetings to gauge what is really going to happen versus any coffee shop talk. Best of luck.
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