I don’t know… I know that land is a viable investment and is not going away. Plus, I know that people are being more choosy about where they spend their money. However, I have seen on places like Ebay and www.landsofamerica.com listing some incredibly mobilehard to believe online values for raw and improved land. It’s like one distressed seller after another is trying to raise enough cash to buy more land at a lower basis than what they bought in there current inventory.

If you are in the market to acquire additional land for your portfolio now is the time to be even more careful. Be certain the property has good legal access, water and is something you can enjoy while the market recovers. Let me know if you think we’ve hit bottom.

Just a quick note to let you know we’re updating our website at www.myfrontierproperties.com. The user interface is cleaner and we will have additional properties listed.